Why Enterprise Software Stocks Are Soaring Today
Shares of prominent enterprise software companies, particularly those that benefit from the ongoing shift to remote work, are soaring today after Zoom Video Communications (NASDAQ: ZM) reported blockbuster second-quarter results yesterday. Zoom's revenue more than quadrupled year over year, as the COVID-19 pandemic has made its videoconferencing service a household name and enterprise customers keep gravitating to the platform.
Here's how other related tech stocks were trading as of 12:30 p.m. EDT:
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Source Fool.com
