Zoom's Enterprise Revenue Climbs 7.8% in Q2
ZM sits 35% above its 52-week low of $70.7.
Summary
Zoom's Q2 enterprise revenue grew 7.8% year-over-year, a solid acceleration from recent quarters and a sign that its pivot to larger customers is gaining traction. The number of customers contributing more than $100,000 in trailing 12 months revenue rose 8.2% year-over-year. This is the first hard number from the quarter, landing ahead of the full earnings release, and it gives traders an early read on the company's core business momentum. The growth comes despite ongoing insider selling and a board resignation in July, suggesting underlying demand remains resilient. With the stock near $95 and a market cap around $29.6B, this metric could support the shares if the full report confirms the trend. Watch for the complete Q2 results and guidance, expected in the coming weeks.
At the time of this announcement, ZM was trading at $95.51 on NASDAQ in the Technology sector, with a market capitalization of approximately $29.6B. The 52-week trading range was $70.70 to $114.74. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.