It's telling that since much of the worldwide workforce has begun working remotely (if at all), downloads of Zoom have been skyrocketing. They predict another 34% jump in 2021, which would send revenue up to $1.25 billion. Once investors adjust to the new normal, and start looking for investments, Zoom Video may find its footing. Zoom stock commands a market cap of more than $48 billion, towering over its sub-$1 billion in expected sales this year. Analysts predict revenue will hit $931.4 million this year, up almost 50% from 2019. A surge in usage will allow Zoom to capture more customers much more quickly than previously thought. That’s up from 200 million at the beginning of the month and just 10 million in December. As we get back to a state of normalcy, that’s a fair question. Zoom is a hot stock right now because it offers free videoconferencing. You’ll get the name & ticker of Matt McCall’s top pick when you tune in to his FREE event. No, and Here’s Why, Matt McCall and the InvestorPlace Research Staff, Click here to see what Matt has up his sleeve now, 7 Cheap Stocks Under $1 That Deserve A Second Look, Louis Navellier and the InvestorPlace Research Staff, 4 Semiconductor Stocks Making the Guts of Everything Electronic, Trump vs. Biden: Stocks to Buy No Matter Who Wins the White House, New Allegations Make Workhorse Even More Unappealing, 5 Nanotech Stocks to Buy for Huge Innovation, Get Ready To Bull Trade Novavax Stock For A Second Wave, 7 Dividend Stocks To Buy For Adventurous Investors, Pricey Plug Power Stock Could Keep Moving Higher, or Attract a Buyer. Deflation means you may not have a job to return to. But I think the answer is simple: No, Zoom is not a sell once Covid-19 fades. All rights reserved. As bad as it sounds, there are a handful of stocks that are benefiting from the outbreak of Covid-19. After all, lockdowns and shelter-in-place orders are what drove ZM shares higher in the first place. Use the Zacks Rank and Style Scores to find out is ZM is right for your portfolio. It's profitable and has a solid balance sheet. It could easily go below $100. Nobody believes it can happen again. It’s not just big tech doing it either. Stocks are falling, but Zoom Video is the wrong place to put new money right now. The Man Who Recommended 23 1,000% Winners Is Revealing His #1 Stock for 2020. For Zoom, I’m not sure how things could have lined up any better. It’s why Zoom recently had 300 million participants in one day at the end of April. If you want to make money from people using their internet for work, you can do it in this market. Everyone is hiding at home, those who can are trying to work, and videoconferencing is a hot niche. 1125 N. Charles St, Baltimore, MD 21201. All rights reserved. Oil prices started March 9 were 23% below where they were a day before. Technology is the reason. Facebook (NASDAQ:FB), Visa (NYSE:V) and Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) have said that those who can work remotely can do so through year-end. Matt does not directly own the aforementioned securities. Article printed from InvestorPlace Media, https://investorplace.com/2020/03/now-is-not-the-time-to-buy-zoom-video-zm-stock/. With Zoom stock up 145% in 2020, its leadership is clear. Or if you prefer, open your Bibles to Ecclesiastes 3. Matthew McCall left Wall Street to actually help investors — by getting them into the world’s biggest, most revolutionary trends BEFORE anyone else. As of this writing, he owned shares in CSCO. 2020 InvestorPlace Media, LLC. His latest book is, Technology’s Big Bang: Yesterday, Today and Tomorrow with Moore’s Law. There are a handful of stocks that are benefiting from the new world created by the novel coronavirus. Unlike many of its tech company peers, Zoom is … What has the stock done since then? Nasdaq the coronavirus from China is going to “change the landscape” of work. , essays on technology available at the Amazon Kindle store. 7 Cheap Stocks Under $1 That Deserve A Second Look, Louis Navellier and the InvestorPlace Research Staff, 4 Semiconductor Stocks Making the Guts of Everything Electronic, Trump vs. Biden: Stocks to Buy No Matter Who Wins the White House, New Allegations Make Workhorse Even More Unappealing, 5 Nanotech Stocks to Buy for Huge Innovation, Get Ready To Bull Trade Novavax Stock For A Second Wave, 7 Dividend Stocks To Buy For Adventurous Investors, Pricey Plug Power Stock Could Keep Moving Higher, or Attract a Buyer, Fiscal year income under Generally Accepted Accounting Principles (GAAP) up 106%, Operating cash flow up 196% year-over-year. It opened March 9 at $105 per share, down 8% from its March 6 close. It's currently the second-most downloaded app in the world, clinging to the top spots on both Apple's iPhone and Alphabet's Android charts. But it’s going to take time for things to adjust. I wrote about this last year. Don’t even think about it until it does. When everyone around you is panicking, however, you don’t pay 19 times revenue for anything. This is what happened in the Great Depression. Click here to see what Matt has up his sleeve now. quotes delayed at least 15 minutes, all others at least 20 minutes. Zoom Video was actually profitable before Covid-19 and should remain that way long after — so the coronavirus is not just a short-term bump in profit. 1125 N. Charles St, Baltimore, MD 21201. Inflation means you pay more for goods at the supermarket. 1125 N. Charles St, Baltimore, MD 21201. Zoom is a fast-growing company, but it’s still a small one. One impact is that the people go away. Zoom stock commands a market cap of more than $48 billion, towering over its sub-$1 billion in expected sales this year. There’s a contract for January 2024 gasoline at $1.24 per gallon. They’re seeing the convenience and the cost savings. On the earnings front, analysts expect profit of 43 cents per share this year, followed by 53 cents per share in FY 2022 (next year). Inconceivable doesn’t mean what they think it means. I’m already seeing AT&T (NYSE:T) yielding nearly 6%, Verizon Communications (NYSE:VZ) yielding 4.5% and Cisco Systems (NASDAQ:CSCO) yielding nearly 4%. Video conferencing is an obvious winner, but so too are Netflix (NASDAQ:NFLX), Amazon (NASDAQ:AMZN) and others. However, they will certainly spend less time using these platforms to communicate. But if you’re not actually writing software, the situation is more dire. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. We’ve seen the growth in Microsoft (NASDAQ:MSFT) Teams too, which had 75 million daily active users near the end of April. Zoom Video Communications (NASDAQ:ZM) is a great stock and a fine company. Should I buy Zoom Video Communications, Inc. (ZM)? All rights reserved. It equates to less travel expenses and will lead to lower rent bills if less office space is required. The power of being “first” gave Matt’s readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA) and +1,044% in Tesla (TSLA), just to name a few. In a go-go market, where everyone is looking for growth, you grab that rocket ship and hang on. Then add commodity deflation. Jet fuel is costing $1.60 per gallon out to 2023. While the S&P 500 is down nearly 23% year to date,. Here's a breakdown of why you should avoid ZM stock. To everything there is a season. They are the companies that center on stay-at-home themes, generating additional revenue by consumers who continue to spend without leaving their home. While this may be a problem for the commercial real estate market, it will be a boon for companies like Zoom Video.
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