On May 21, Zoom rose 9.23% in after-hours trading, trading at $105.65/share, with trading volume of $21.07 million. The surge was driven by the release of its fiscal year Q1 earnings report.

Market consensus had expected quarterly revenue of approximately $1.223 billion, representing 4.87% year-over-year growth, with adjusted earnings per share of $1.42, up 8.44% year-over-year. The company issued guidance for revenue of $1.22 billion to $1.23 billion and non-GAAP EPS of $1.40 to $1.42, broadly in line with expectations. The after-hours price action suggests actual results likely exceeded these estimates. Additionally, Citi recently raised its target price on Zoom from $106 to $122 while maintaining a buy rating, reflecting institutional confidence in the company's growth trajectory.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)