MSFT - Zoom Video: An Interesting Buy Proposition You Have To See To Believe
2024-06-05 09:39:55 ET
Summary
- Zoom's stock quote has dropped significantly from its peak during the pandemic, despite improving operating results.
- Rising revenues, high-profit margins, and cash piling up on the balance sheet make it an attractive investment choice.
- Zoom's new AI Companion released in September 2023 and the potential incorporation of real-time language translations could further enhance its offerings to drive future growth.
During the height of the pandemic work from home boom in late 2020, Zoom Video Communications, Inc. ( ZM ) saw its Class A common stock quote reach $560 per share. It marketed "the" cloud-centric, local device-loaded tool to keep businesses, vendors, workers and customers in touch without meeting in public settings. Fast-forward to June 2024, with a share price of $62, after most investors have moved on to greener pastures....
Zoom Video: An Interesting Buy Proposition You Have To See To Believe