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home / news releases / ZM - Zoom Video: Top Tech Pick 40% Net Cash GAAP Profitability 11x Earnings

ZM - Zoom Video: Top Tech Pick 40% Net Cash GAAP Profitability 11x Earnings

Zoom Video Communications Inc.

2024-07-15 04:15:03 ET

Summary

  • Zoom Video is a rarity in the tech sector, with slow top-line growth offset by high GAAP profitability.
  • The company has a large net cash position, making up 40% of the market cap, and is buying back stock.
  • Wall Street may be underestimating the potential for growth to return as post-pandemic headwinds subside.
  • I am upgrading the stock to strong buy.

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For further details see:

Zoom Video: Top Tech Pick, 40% Net Cash, GAAP Profitability, 11x Earnings
Stock Information
Company Name: Zoom Video Communications Inc.
Stock Symbol: ZM
Market: NYSE
Website: zoom.com
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