Zoom Video Communications ( NASDAQ:ZM )
Companies like Zoom Video Communications ( NASDAQ:ZM ) represent the s pirit of the modern epidemic . Millions of individuals now rely on it as a means of social interaction. That has made the company stronger in every way. Revenues now top $4 billion annually, up from less than $1 billion before the epidemic. The company’s video communication platform is now a need for many businesses of all sizes.
Yet the Zoom stock price, down 60% year to date, gives no indication of this. Investors are anxious that Zoom’s extraordinary expansion has ended and that the company’s next few years will be distinguished by declining profitability and sluggish sales. Keeping that in mind, let’s evaluate Zoom’s long-term future.
Building on past success
Zoom Video Communications ( NASDAQ:ZM ) is in a solid position to weather what may be a brief time of difficulty. Yes, sales are trending downward, and the most recent quarter’s revenue increase was just 8%. Nonetheless, Zoom isn’t the only company seeing slower growth.
Although Microsoft and other industry giants saw record profits for most of the epidemic, they have recently seen a decline in demand for their productivity and communications products. Consumer i...
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