The Top Work-From-Home Stock to Buy Now
The novel coronavirus pandemic and the actions taken by governments around the world to slow the spread of the virus are taking a huge toll on a wide variety of businesses. Few companies will escape completely unscathed. The U.S. economy will likely suffer a historically large contraction during the second quarter, with some analysts calling for a 25% decline in gross domestic product.
Some stocks have surged throughout this crisis as an increasing number of people are forced to work from home. Zoom Video Communications (NASDAQ: ZM) is a popular one, with investors getting behind the stock due to rising demand for video conferencing software.
The problem with Zoom, though, is that the valuation is about as nonsensical as they come. The company is now valued at nearly $44 billion, despite the entire video conferencing market being worth just a small fraction of that total. Shares trade for more than 60 times sales, an eye-watering ratio.
Source Fool.com
