Considering Zoom had originally forecast under $1 billion for the year, that’s an extraordinary surge. 31, pegs revenue at approximately $2.37 billion. The revised forecast for the fiscal year, which ends Jan. Based on its raised estimate, Zoom projects revenue could top $690 million this quarter.

Revenue during the quarter exceeded sales for the entire previous year. Since the outset early this year, Zoom meetings have become the staple of enabling work and education from home.Ĭompared with the same period last year when Zoom took in $146 million, Zoom’s take amounts to a 355% surge. Spectacular by any measure, Zoom is among the most prominent beneficiaries of the COVID-19 pandemic.

Zoom, which released its 2Q21 report Monday, also raised its already bullish outlook for the rest of the year. But Zoom’s final tally of $664 million blew past those top-end estimates, stunning Wall Street with nearly quadruple year-on-year growth. If you are good with personal finance and are looking to invest, you will find the Zoom Video Communications Inc - Class A on NASDAQ stock exchange.Given the volume of Zoom meetings during the last quarter, revenue forecasts of $500 million were already high. Always read up on optimal investment strategies if you are new to investing. Trading in bear markets is always harder so you might want to avoid these stocks if you are not a veteran. Since this share has a negative outlook we recommend looking for other projects instead to build a portfolio. Our Ai stock analyst implies that there will be a negative trend in the future and the ZM shares are not a good investment for making money. Currently there seems to be a trend where stocks in the Communication Services Information sector(s) are not very popular in this period. According to present data Zoom Video Communications Inc - Class A's ZM shares and potentially its market environment have been in bearish cycle last 12 months (if exists). Recommendations: Buy or sell Zoom Video Communications Inc - Class A stock? Wall Street Stock Market & Finance report, prediction for the future: You'll find the Zoom Video Communications Inc - Class A share forecasts, stock quote and buy / sell signals below. Zoom Video Communications Inc - Class A ( ZM) Real Estate and Housing Market Forecast.

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