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Benzinga
Benzinga
Business
Chris Katje

Cathie Wood And Ark Invest Still Bullish On Zoom After Earnings Report — Here's Why

Zoom Cathie Wood Ark Invest ARK Nasdaq Zoom Video Communications ETF ARKK ARKW NYSE

Shares of Zoom Video Communications (NASDAQ:ZM) traded lower last week after reporting quarterly financial results. Ark Invest and CEO Cathie Wood were buyers of the dip and remained bullish on the company’s long-term outlook.

What Happened: Zoom reported second-quarter revenue of $1.1 billion, an 8% year-over-year increase. The total came in shy of a Street estimate of $1.12 billion. The company’s second-quarter earnings per share of $1.05 beat a Street estimate of 93 cents per share.

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