2024-04-06 09:16:51 ET
Summary
- Zoom's stock initially soared after its earnings report, but has since given up those gains, providing another opportunity for investors.
- The company's growth rates may not excite investors, but headcount and data management may be headwinds that can ease in an improving macro environment.
- The company maintains $7 billion in net cash, representing 35% of the market cap.
- The valuation looks compelling even if top-line growth may remain modest moving forward.
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Zoom Video: Deep Value In Tech - 35% Net Cash, $1.5 Billion Buyback Program