Topic: How To Invest

Q: I would like to hear your analysis and recommendation on Zoom Video Communications. I believe it’s having a short-term run-up associated with the pandemic and social distancing efforts. What about long-term prospects? Thanks.

Article Excerpt

A: Zoom Video Communications, Inc., $140.95, symbol ZM on Nasdaq (Shares outstanding: 127.5 million; Market cap: $37.9 billion; www.zoom.us), provides a cloud-based video communications platform to connect users—on various devices and in different locations—for a single online meeting. Zoom was founded in 2011 and is headquartered in San Jose, California. The company went public in April 2019 at $36 a share. The stock has attracted considerable attention as the COVID-19 pandemic forces many businesses to have their staff work from home. Schools and families looking for ways to stay connected while in self-isolation have also spurred use of the Zoom platform. The stock shot up as high as $164.94 in mid-March but has come back down since. Even so, the shares are up 105% since the start of this year. Zoom is a popular choice because its multiparty video conference platform is easy to use, it can be accessed through any type of device, and is offered as a free service. The company…

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