Zoom Stock Leaps After Q1 Earnings Beat, Outlook Boost; Cathie Wood Adds More Shares

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The Street

By Martin Baccardax Zoom said enterprise revenue will become an increasingly larger portion of its overall sales as businesses continue to make hybrid work structures more permanent. Zoom Video Communications (ZM) – Get Zoom Video Communications, Inc. Class A Report shares powered higher Tuesday after the video conferencing specialists posted better-than-expected first quarter earnings, while boosting their full-year profit forecast, citing robust demand from businesses looking to extend hybrid work models. Zoom said adjusted profits for the three months ending in April were pegged at $1.03 pe…

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