ZM - Can Zoom Video Communications Stock Outperform the S&P 500 Over the Next 5 Years? Here's What It Would Take.
2024-07-20 07:00:00 ET
Shares of enterprise software company Zoom Video Communications (NASDAQ: ZM) are down 90% from their all-time highs. The shares continued falling during the past year, declining 19% -- a stark contrast to the S&P 500 's 24% gain in that same time frame.
But can Zoom stock go up from here and outperform the market over the next five years? It does have some things in its favor.
For starters, Zoom is a financially strong company -- it would be really hard for it to go out of business. The videoconferencing specialist ended its fiscal first quarter of 2025 (which ended in April) without any debt. And it had $7.4 billion in cash, cash equivalents, and marketable securities. That's a hard ship to sink.
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Can Zoom Video Communications Stock Outperform the S&P 500 Over the Next 5 Years? Here's What It Would Take.