How Much Further Could Zoom Stock Fall?
Owning shares of Zoom Video Communications (NASDAQ: ZM) during the first six months of the pandemic was a dream. Capable video-conferencing software became an absolute necessity for businesses overnight, and the path of least resistance was Zoom's easy-to-start and easy-to-use product.
Zoom's revenue soared as businesses scrambled to enable employees to work from home. The subscription-software company's sales more than quadrupled last year to $2.65 billion, and profits went from minimal to extravagant. The stock price followed suit, gaining about 360% between March and October last year.
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Source Fool.com
