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The numbers exceeded analysts’ already

heightened expectations, providing another

lift to a rocketing stock that has more than

tripled in price so far this year. After a big run-

up leading up to Tuesday’s highly anticipated

announcement, Zoom’s stock gained nearly 3%

in extended trading to $213.60 — more than

five times the company’s initial public offering

price of $36 less than 14 months ago.

The surge has left Zoom with a market value of

about $59 billion — greater than the combined

market values of the four largest U.S. airlines,

which have seen their businesses hammered by

the coronavirus outbreak that has dramatically

curtailed travel.

“We were humbled by the accelerated adoption

of the Zoom platform around the globe,” said

CEO Eric Yuan, who co-founded the company

nine years ago.

In a sign that its growth isn’t expected to be

short lived, Zoom forecast revenue of roughly

$500 million for its current quarter ending in

July, more than quadrupling from the same

time last year. For its full fiscal year, Zoom now

expects revenue of about $1.8 billion, nearly

tripling in a year.

Zoom’s boom has come despite privacy problems

that enabled outsiders to make uninvited — and

sometimes crude — appearances during other

people’s video conferences.

The concerns prompted some schools to stop

using Zoom for online classes that have become

widespread since February, although the

company’s efforts to introduce more security

protection has brought some back to the

service. More than 100,000 schools worldwide

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