Zoom technologies stock news –
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Zoom technologies stock news –
All rights reserved. Charles St, Baltimore, MD It may have taken the rest of the tech sector with it. Other work-from-home tech stocks rose in sympathy. But growth did slow. Once people saw how high the sky was, the stock fell from it. Two weeks before the latest earnings release came out, Piper Sandlin analyst James Fish finally pulled back his bullish call. Turned out he called the bottom.
It just made it popular with simple, web-based software and a price that started at free. As a result, people rushed to it when the pandemic hit. The word Zoom became a verb. A tiny camera has been a fixture over PC screens for a decade. The company also sells ads and hardware and invests in startups. Its one big deal, however, died. Instead, Zoom is buying Solvvy , a customer support company. This time the price was not disclosed. Analysts loved Zoom Video stock at its height.
At its low, just nine of 23 at Tipranks are telling clients to buy it. Even their highest price target is less than half the all-time high. It must also stay on top of security problems that could deliver bad headlines. To earn even its current valuation, it must continue to grow on both the top and bottom lines. So far, Zoom Video bulls are just nibbling on it, suggesting investors use options to limit their risk.
The opinions expressed in this article are those of the writer, subject to the InvestorPlace. Dana Blankenhorn has been a financial and technology journalist since Write him at danablankenhorn gmail. Stocks to Buy.
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Zoom technologies stock news –
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Learn More. Perhaps no company is more emblematic of the pandemic\’s impact on the stock market than Zoom Video Communications ZM After going public in April of , Zoom ended that year up only 9.
However, told a different story. Amidst all this stock volatility, Zoom has consistently produced strong business results, and the recent sell-off has made shares much more affordable. With a recent earnings report providing an update on the business, let\’s take a look to see if Zoom stock is a buy now.
Zoom\’s recent earnings release was for Q3 of the fiscal year , ending April 30, As Zoom laps the quarters where the pandemic had its greatest impact on revenue, growth numbers will appear lower than what investors may be used to. This deceleration in year-over-year revenue growth was to be expected. What\’s going to be important to watch moving forward are the customer metrics that Zoom reports.
Zoom is clearly providing products that customers see value in, and they\’re responding by spending more each year. Zoom is also a cash generation machine. This cash balance allows Zoom to make investments in the products that attract new customers and drive the company\’s impressive net dollar expansion rate.
While Zoom\’s Q3 results are impressive, investors should be aware that some of these metrics are slowing from where they were over the past few quarters. As mentioned above, all of these metrics were bound to slow after Zoom pulled forward so much growth over the past few years.
It remains to be seen what growth looks like in the coming quarters and years as the business normalizes. However, even if the results from this quarter continue to hold steady into the future, that level of business performance would still be impressive. When Zoom was growing revenue in the triple digits during and , the market had the stock priced as if that growth would never slow. While that was exciting if you were a shareholder, it made buying shares at that time a dicey proposition.
On the flip side, the stock is now priced more reasonably, if not undervalued, for what\’s likely to be Zoom\’s business performance going forward. While that wouldn\’t be considered cheap, it is the lowest price-to-earnings multiple that Zoom has had since its IPO.
For investors who believe Zoom\’s strong results can continue for years to come , now might be the time to pick up some shares at a discount. Cost basis and return based on previous market day close.
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Premium Services. Stock Advisor. View Our Services. Our Purpose:. Latest Stock Picks. Key Points. Today\’s Change. Current Price. Recent earnings show a business that continues to put up strong results despite the stock\’s performance. Image source: Getty Images. Zoom Video Communications. Motley Fool Returns Market-beating stocks from our award-winning service. Stock Advisor Returns. Join Stock Advisor.
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