Zoom Stock Keeps Skyrocketing Higher
Shares of videoconferencing company Zoom Video Communications (NASDAQ: ZM) jumped higher on Wednesday, climbing about 8%. The stock's gain adds to a torrid year-to-date run-up. Shares are now up 224% this year, crushing the S&P 500's 3% decline over the same time frame.
Zoom stock's gain on Wednesday came after the company's fiscal first-quarter report, which featured financials that obliterated analysts' estimates. Here's a closer look at the incredible momentum in Zoom's business and what exactly is driving this growth stock higher.
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Source Fool.com
