Zoom Technologies reported quarterly revenue of $1.28 billion, up 4.9% year-over-year, and adjusted earnings of $1.55 per share, beating analyst expectations. However, its third-quarter revenue guidance of around $1.278 billion fell slightly below market forecasts, causing shares to drop about 5% in after-hours trading. The company is shifting from a meetings tool to a broader communications platform with AI features, showing strong growth in enterprise customers and AI usage. Despite this, growth in its online revenue segment remains weak, and rising costs from third-party AI models pose margin challenges. Zoom remains profitable and cash-rich but faces pressure to convert AI engagement into stronger revenue growth.
Cybersecurity stocks rallied strongly following better-than-expected Q2 2027 earnings reports from Okta and CrowdStrike. Okta's shares jumped 22% after reporting $805 million in revenue and positioning itself as a key security layer for AI agents, wh...
Ethena's ENA token surged about 25% since Aug. 21, peaking near $0.18 on Aug. 23 before pulling back to around $0.147 amid profit-taking. The rally was driven by a new $1 billion secured lending facility with FalconX, enabling institutional loans bac...
Target reported a strong Q2 fiscal 2027 with 5.27% revenue growth and rising store traffic, driving a 78% share price increase in 2025. Despite this, Wall Street remains skeptical, with many analysts holding or selling the stock. The company raised i...
Blast Resources Inc. has appointed Andy Yackulic, a seasoned uranium exploration executive with over 20 years of experience, to its board of directors. Yackulic's expertise, including leadership roles at Denison Mines and Cameco, is expected to enhan...
Lunai Bioworks, an AI-driven precision medicine company, filed a Second Amended Complaint in U.S. District Court accusing six registered broker-dealers and two principals of securities fraud and market manipulation. This legal action expands the list...
