Zoom Video ($ZM) Stock Surges Post Earnings; $1.15B Revenue, $1.5B Buyback, AH Price $69.38
Zoom Video Communications Inc. ($ZM) experiences a surge in its stock price after reporting earnings. The company is $1430 away from Cathie Wood's $1500 target for 2026. Zoom AI Companion, a generative AI digital assistant, was unveiled to enhance productivity. Revenue increased to $1.15 billion, up 2.6% year-over-year, with a $1.5 billion stock buyback. After hours, Zoom's stock rose by 9.92% to $69.38.
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Market Rebellion
$ZM After hours 69.38 +6.26 (9.92%) https://t.co/MplfoNsi2Q https://t.co/wSSwnkv43W
Mukund Mohan $ZM Rev $1.15B +2.6 YoY, $1.5B stock buyback and stock up 10% AH https://t.co/u9Kkn1Xon6
Stocktwits $ZM earnings in a nutshell 😂 "In FY24, we unveiled Zoom AI Companion, our generative AI digital assistant, aimed at boosting productivity, enhancing team effectiveness, and fostering skill development across the Zoom platform" https://t.co/fWN8ngJ74T