Whether you are an IPO shareholder or a recent investor in Zoom, that should make you happy.Stock Advisor launched in February of 2002. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.Eric Yuan was one of the founding engineers for WebEx, one of the early video meeting hosting services. Berkshire Hathaway Inc. Cl A stock falls Tuesday, underperforms market Shoe Carnival's shares slump after Q2 sales miss
Bank of America Corp. stock falls Tuesday, underperforms market Zoom's 2020 fiscal year ended Jan. 31.Zoom reported first-quarter 2021 earnings that crushed estimates while guidance also topped expectations.
The stock popped in late April when it disclosed that daily active participants had reached 300 million — counting some participants multiple times per day.By May, Zoom Video became a cultural phenomenon. Zoom raised its full-year outlook for a second time during the pandemic, cementing its position as one of the biggest corporate winners from the shift to working from home and remote schooling. Zoom shares are up more than 45% in the session and they'e gained nearly 600% on the year as the S&P 500 has risen 8.6%.The market was mixed Tuesday morning as the Nasdaq jumped and the Dow slipped.The company has seen soaring demand from the widespread shift to home-based work, school and socializing.Biden condemns rioting, Massachusetts votes in closely watched Democratic primaries, Trump official reportedly wants the U.S. to adopt “herd immunity,” and other news to start your day. FY = fiscal year. It projected revenue in a range of $2.37 billion to $2.39 billion, up from its previous forecast of $1.775 billion to $1.8 billion.Customers with fewer than 10 employees accounted for 36% of total revenue in the second quarter, up from 30% in the previous quarter.For customers with one to 10 employees, monthly renewals are expected to slow as the economy reopens and shelter-in-place orders lift.