Zoom Video (ZM) Earnings: CFRA With A Hold Rating

<p>Zoom Video (ZM) earnings indicated $1.36 in EPS and $1.02B in revenue, beating estimates. CFRA's Keith Snyder says that they currently have a hold rating on the stock with a $350 price target. They expect the company to look into expansion of adjacent markets as competitors like Microsoft and Cisco already have a large existing client base and strong tie-ins with other products. Ark Invest's CEO, Cathie Wood, recently bought $56M worth of Zoom Video shares on the dip. What is the general outlook on the company and how will the stock perform?</p>