Zoom (ZM) jumps 8% as Q4 beats: Is bear trend over?

Shares of the video-conferencing software company Zoom Video Communications (NASDAQ: ZM) surged more than 8% to $80 in after-hours trading on Monday following the company released better-than-expected fourth quarter (Q4) financial results. The company registered over 100,000 enterprise customers, surging by 27% compared to the last year’s end results.

Earnings per share (EPS) $1.22 vs. $0.79 expected

Revenue $1.12 billion vs. $1.10 billion expected

“While the macroeconomic situation continues to negatively impact our overall growth, we have maintained a healthy balance sheet and operating cash flow generation of approximately $1.29 billion,” Zoom CEO Eric Yuan said.

Is it the right time to buy Zoom stock❓ - https://gulfbrokers.com/en/zoom-zm-jumps-8-as-q4-beats-is-bear-trend-over