Is Zoom Video Communications Stock a Buy?
Zoom Video Communications' (NASDAQ: ZM) stock price jumped 8% on Feb. 27 after the videoconferencing company posted its latest earnings report. For the fourth quarter of fiscal 2024, which ended on Jan. 31, its revenue rose 3% year over year to $1.15 billion and beat analysts' estimates by $20 million. Its adjusted EPS grew 16% year over year to $1.42 and cleared the consensus forecast by $0.27 per share.
Those growth rates might seem low, but they indicate Zoom's business is still expanding in a post-pandemic market. Should investors buy Zoom as a value play right now? Or should they ignore it and stick with more promising cloud companies instead?
Image source: Zoom Video Communications.
Source Fool.com
