Zoom Video Communications Inc.

Abercrombie & Fitch, Disney, Best Buy, Zoom and more

A pedestrian stands outside of the Abercrombie & Fitch store on Fifth Avenue in New York City. Craig Warga | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Abercrombie & Fitch – Shares of the retail stock jumped 19% after the apparel retailer beat Wall Street’s revenue forecasts for the …

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Cathie Wood’s Innovation ETF draws $1 billion. Why investors stand by her

A dismal 2022 for Ark Invest hasn’t caused clients to yank out their money. Rather, Cathie Wood’s loyal investors have been doubling down on her disruptive strategy this year. Wood’s flagship Ark Innovation ETF (ARKK) has reeled in $1.3 billion in new money year to date despite a 60% loss, and that is among the …

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Jim Cramer says to avoid stocks in the ‘house of pain’ Nasdaq 100 index

CNBC’s Jim Cramer on Wednesday warned investors to avoid the stocks in the Nasdaq 100 and highlighted the worst-performing stocks during the third quarter. “These seven biggest losers from the third quarter are simply representative of the House of Pain the index has become. By the way, if you’re living in a house of pain, …

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Five9 shares plunge more than 20% after CEO announces resignation

Rowan Trollope, CEO, Five9 Scott Mlyn | CNBC Shares of cloud software vendor Five9 tumbled 22% Monday and fell to their lowest since March 2020 after CEO Rowan Trollope announced his resignation. Trollope is leaving to become CEO of a venture-backed pre-IPO startup, he said on twitter. He is being succeeded by former Five9 CEO …

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Cathie Wood says Zoom and Teladoc are much more than stay-at-home stocks

Ark Invest’s Cathie Wood said Zoom Video and Teladoc , which enjoyed explosive growth during the pandemic, are much more than just stay-at-home plays. “Zoom and Microsoft are going to be the biggest beneficiaries of the first rip-and-replace cycle in the enterprise communication space,” Wood said Tuesday on CNBC’s “TechCheck.” “We think this is a …

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Zoom shares fall 16% following revenue miss and gloomy forecast

A trader working after the Nasdaq opening bell ceremony on April 18, 2019 in New York City. Kena Betancur | Getty Images Shares of Zoom closed down 16% on Tuesday, a day after the company released second-quarter results that missed analyst’s revenue estimates. The video communications company reported $1.10 billion in revenue for the quarter, …

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Twitter, Zoom, Palo Alto Networks, Macy’s and more

Check out the companies making headlines in midday trading Tuesday. Zoom Video — Zoom sank more than 14% after missing on revenue estimates for the previous quarter due to a strong dollar. The videoconferencing company also cut its forecast for the full year amid slowing revenue growth. Twitter – Shares of the social media network …

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