Where Will Zoom Video Communications Stock Be in 1 Year?
Zoom Video Communications (NASDAQ: ZM) posted its latest earnings report on May 22. For the first quarter of fiscal 2024 (ended on April 30), the cloud-based video conferencing company's revenue grew 3% year over year to $1.11 billion and exceeded analysts' estimates by $30 million. Zoom's growth rates seem stable, but its stock only rose slightly after the report and the price remains nearly 90% below its all-time high.