– How to buy Zoom Video Communications stock – (NASDAQ: ZM) stock price $ |
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. NVDA 4. QQQ 2. Snowflake Inc. SNOW 6. PayPal Holdings Inc. PYPL 2. ARKK 5. Defense World.
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Latest News All Times Eastern scroll up scroll down. It Sold Berkshire and HP. Is this a warning sign? Should I sell it now or wait? Search Ticker. Zoom Video Communications Inc. Watch list Create ZM Alert. Last Updated: Jun 3, p. EDT Delayed quote. After Hours Volume: Volume: 3. Customize MarketWatch Have Watchlists? Log in to see them here or sign up to get started.
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This is an estimated date of earnings страница. Sep 17 PM. Nov 09 PM. The company was founded by Eric S.