Wall Street

Zoom Targets a Key Price Level After Strong Earnings

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By Tom Bemis One-time covid darling sees shares surge on better-than-expected numbers and forecast. Shares of video conferencing service Zoom Video Communications (ZM) – Get Zoom Video Communications, Inc. Class A Report are targeting an important price level after the company reported better-than-expected earnings for its latest quarter and offered upbeat guidance. Zoom posted adjusted earnings of $1.03 a share on revenue of $1.07 billion for its latest quarter, versus $1.32 a share and $960 million in the same period a year ago. Wall Street analysts had been looking for earnings of 88 cents …

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