ZM - Zoom Video Communications: Setting The Stage To Take Off Again
2024-04-05 06:12:41 ET
Summary
- Zoom Video Communications benefited greatly from the COVID-19 pandemic, but its stock has since experienced a significant decline.
- Despite an 'ugly' stock chart, Zoom is a profitable company with strong financial results and trading near all-time valuation lows.
- Management expects growth to re-accelerate in the back half of 2024 and into 2025 as the company continues to roll out its full collaboration suite services.
What A Difference A Pandemic Makes
While difficult to quantify, we don't think it would be very controversial to say that virtually no company benefitted quite as uniquely as Zoom Video Communications, Inc. ( ZM ) from the lockdowns that ensued during the COVID-19 pandemic. It was during this time that the company achieved something that very few companies do--its name was used as a verb in common parlance due to the ubiquitousness of its service. People didn't say, "Let's jump on a video call." Instead, they said, "Let's jump on a Zoom."...
Zoom Video Communications: Setting The Stage To Take Off Again