Weather New York, NY +73°F

Industry

After Breezing Through First Financial Results As Public Cloud Companies PagerDuty And Zoom Shares Fly Higher

Close
(Credit: pexels) After Breezing Through First Financial Results As Public Cloud Companies PagerDuty And Zoom Shares Fly Higher
June 17
4:44 PM 2019

Software companies looking to hold an IPO in upcoming weeks got a shot in the arm from strong first financial results by two recently public cloud companies, PagerDuty and Zoom.

Shares of IT monitoring service PagerDuty jumped $1.84, or nearly 4%, in after-hours trading on Thursday, with its stock hovering just under double its list price from April 10. And that's nothing compared to Zoom, the video communications company that went public the following week. Shares of Zoom spiked $8.57, or nearly 11%, in after-hours trading, up 145% from its $36 list price.

Full Article

© 2019 VCPOST, All rights reserved. Do not reproduce without permission.
Share

Comments

Join the Conversation

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics