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Zoom Earnings on Monday: Will They Keep the Stock's COVID-Fueled Surge Going?

TheMotleyFool

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Zoom Earnings on Monday: Will They Keep the Stock's COVID-Fueled Surge Going?

Zoom Video Communications (NASDAQ: ZM) is slated to report its second quarter results for fiscal 2021 after the market close on Monday, Aug. 31.

Investor expectations are sky-high. Investors have driven shares of the unified-communications platform provider up 43.8% since its first quarter results were released on June 2. The S&P 500 has returned 14.3% over this period. In 2020, Zoom stock is up 340%, while the broader market has returned 10%.

Zoom has been getting a hurricane-force tailwind from the increased number of people working -- along with learning and socializing -- from their homes due to the COVID-19 pandemic.

Source Fool.com

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