Missed the Zoom Boom? It Still Has a Ways to Go

(Bloomberg Opinion) — Sometimes the little guy with the better mousetrap can beat the tech Goliaths. That is certainly the case with upstart Zoom Video Communications Inc. this year.Late Monday, the video-conferencing company posted strong July-quarter sales results that handily beat Wall Street estimates. Zoom reported second-quarter revenue of $663.5 million, up 355% from a year earlier, versus the $500 million Bloomberg consensus. It also projected a sales range of $685 million to $690 million for the current quarter, which is higher than the $493 million average analyst estimate. Zoom shares rose in after-hours trading, adding to their more than …read more

Source:: Yahoo Finance


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