ARK Maintains High Conviction in Zoom

Zoom reported second-quarter earnings last week, which beat consensus expectations for eps but missed on revenues, sending shares of the video-telephony software company down 16%. Revenue grew 8% on a year-over-year basis, slowing down in response to churn in non-enterprise online customers as small businesses reacted to the recessionary environment by slashing budgets. ARK [...] The post ARK Maintains High Conviction in Zoom appeared first on ETF Trends .