Advertisement
Canada markets close in 5 hours 3 minutes
  • S&P/TSX

    22,831.38
    -41.27 (-0.18%)
     
  • S&P 500

    5,565.90
    +1.49 (+0.03%)
     
  • DOW

    40,369.89
    -45.55 (-0.11%)
     
  • CAD/USD

    0.7264
    -0.0006 (-0.08%)
     
  • CRUDE OIL

    79.95
    +0.17 (+0.21%)
     
  • Bitcoin CAD

    92,595.77
    +601.73 (+0.65%)
     
  • CMC Crypto 200

    1,385.61
    +0.35 (+0.03%)
     
  • GOLD FUTURES

    2,407.10
    +12.40 (+0.52%)
     
  • RUSSELL 2000

    2,238.65
    +18.00 (+0.81%)
     
  • 10-Yr Bond

    4.2270
    -0.0330 (-0.77%)
     
  • NASDAQ

    18,023.40
    +15.84 (+0.09%)
     
  • VOLATILITY

    14.65
    -0.26 (-1.74%)
     
  • FTSE

    8,164.91
    -33.87 (-0.41%)
     
  • NIKKEI 225

    39,594.39
    -4.61 (-0.01%)
     
  • CAD/EUR

    0.6692
    +0.0020 (+0.30%)
     

Zoom stock trends higher in the after-hours trading session

Yahoo Finance Live's Seana Smith takes a look at shares of Zoom in the after-hour trading session.

Video Transcript

SEANA SMITH: Let's take a look at what's trending after hours, and that is Zoom. You're looking at shares up nearly 2% in extended trading. It had initially popped right about 5% here. The company issuing earnings that actually beat the Street's expectations. Revenue of 3% on a year over year basis. The guidance was also better than what the Street had been looking for. Yet, we are seeing a bit of that initial excitement cool here in extended trading.

In terms of what Zoom did not do so great here in the most recent quarter. Enterprise customers that missed by just about 2,000 accounts. And also the customers contributing more than $100,000 over the trailing 12-month period. That number also came in below expectations.

Zoom since the start of the year is actually in positive territory, up just about 5%. But taking a look at that one-year chart we're looking at losses of about 20%. But taking a look at the two-year chart really paints a much better picture. We know Zoom obviously one of the pandemic darlings here during COVID. Shares off nearly 80% over the last two year. So investors looking for the company to do something a little bit different in order to regain anything like the excitement that we saw about two years ago, Akiko.