Zoom jumps after strong Q3 beat and higher full-year guidance

Zoom Q3 results came in ahead of expectations, with stronger revenue, higher EPS and improved guidance. The company also expanded its share buyback program. This pushed optimism across AI powered collaboration tools and hybrid work platforms.

Winners – AI and collaboration software

Reason: Zoom’s beat shows steady demand for AI tools and hybrid work platforms.

Zoom - $ZM

Microsoft - $MSFT

Salesforce - $CRM

Winners – Contact center and communications

Reason: Zoom highlighted strong momentum in its AI driven Contact Center, boosting sentiment for similar players.

Five9 - $FIVN

RingCentral - $RNG

Cisco Systems - $CSCO

Winners – AI infrastructure suppliers

Reason: Zoom’s expanded AI ca ...