Zoom stock dropped significantly after its second quarter results were released. The company beat market sales targets for the period. But its future forecast disappointed investors. Large enterprise contracts drove revenue growth. More large customers signed up. Enterprise growth sped up during the second quarter. Zoom also highlighted its stake in AI firm Anthropic to show its AI strategy.
The company added new products lately. Still, Zoom provided a weak financial outlook for upcoming periods. That poor forecast led to shares to decline after the report.