Reported about 9 hours ago
Zoom Video Communications Inc. announced a sales forecast of approximately $1.18 billion for the upcoming quarter, which disappointed investors hoping for a more substantial boost due to its new array of products. Although the forecast aligns with analysts' estimates, Zoom's stock declined by about 4.5% following the news. The company also rebranded itself as Zoom Communications Inc. to highlight its broader scope and long-term growth plans.
Source: YAHOO