Zoom Contact Center, AI Are 'Key Highlights': 8 Analysts Dive Deeper Into Q1 Results
Portfolio Pulse from Priya Nigam
Zoom Video Communications Inc (NASDAQ: ZM) reported strong Q1 revenues and earnings, leading to mixed analyst reactions. While some analysts reduced their price targets, others maintained or reaffirmed positive ratings. Key highlights include significant growth in the Contact Center business and AI innovations.
May 21, 2024 | 5:11 pm
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Zoom Video Communications reported strong Q1 results, with significant growth in its Contact Center business and AI innovations. Analysts had mixed reactions, with some reducing price targets while others maintained positive ratings.
Zoom's Q1 results outpaced expectations, with significant growth in the Contact Center business and AI innovations. Despite mixed analyst reactions, the overall sentiment is positive due to the company's strong performance and future growth potential.
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