Nasdaq Today: After Strong Earnings, Will Zoom Video Stock Keep Climbing?

The stock market has been extremely volatile since the coronavirus pandemic began, and its recovery has been at least as impressive as its initial plunge in late February and March. The Nasdaq Composite (NASDAQINDEX: ^IXIC) has soared 40% from its March lows, and it's within just a couple of percentage points of a new all-time record high.

Nasdaq stocks that have demonstrated an ability to thrive during the coronavirus crisis have gone a long way toward helping the index bounce back. Zoom Video Communications (NASDAQ: ZM) has been the highest-profile play on the corporate world's need to adapt to current business conditions, and investors looked forward to seeing just how much Zoom's business would grow during the first quarter. Zoom's quarterly report confirmed what many had already anticipated and points toward a bright future for the video collaboration platform pioneer.

Shares of Zoom Video Communications were up just slightly in premarket trading Wednesday morning. That might seem like a disappointment if you don't take into account the fact that the stock had already soared 27% in the past three trading sessions as investors upped their expectations for the company.

Source Fool.com