Zoom stock dropped significantly after its second quarter results came out. The company exceeded market sales targets for the period. But its future forecast failed to impress investors. Big business deals drove revenue growth. More large customers joined the platform. Enterprise growth accelerated during the reporting period. Zoom additionally discussed its stake in AI firm Anthropic to show its AI strategy.
The company added new products lately. Still, Zoom provided a soft financial outlook for upcoming periods. That soft guidance led to shares to fall after the announcement.