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Zoom Video Communications Is Spending $1.5 Billion to Buy Its Own Stock. Should Investors Buy, Too?

TheMotleyFool

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Zoom Video Communications Is Spending $1.5 Billion to Buy Its Own Stock. Should Investors Buy, Too?: https://g.foolcdn.com/editorial/images/766978/person-on-video-call-with-family.jpg

Zoom Video Communications (NASDAQ: ZM) -- which soared as the coronavirus peaked and flopped as the pandemic eased -- surprised Wall Street with better-than-expected fourth-quarter earnings and a new $1.5 billion share repurchase program. Shares bounced on the earnings report, which is encouraging for a stock that remains 88% off its former high.

So, is this the beginning of Zoom's resurgence? Or are the stock's best days behind it?

Digging through Zoom's fourth-quarter earnings yielded some surprises. Although the company still must find a way to get top-line growth going again, the stock offers investors a lot of potential upside at this bargain-basement price.

Source Fool.com

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