Personal Finance
Zoom Video Communications Inc. (Nasdaq: ZM) Grew ~540% Year To Date: Is Its Stock Overvalued?
By Seedly  •  November 20, 2020
Zoom Video Communications Inc (NASDAQ: ZM) is one of the hottest stocks this year and is up by about 540 per cent year-to-date (20 Nov 2020 close). Does it still have legs to run? Zoom Video Communications Inc has been on a roll this year. The video conferencing software-as-a-service (SaaS) company has been one of the main benefactors of the COVID-19 pandemic. In the quarter ended 30 April 2020, Zoom’s revenue increased by a mind-boggling 169 per cent from the corresponding period a year ago. But that wasn’t all. In the very next quarter ended 31 July 2020, Zoom again blew past expectations, reporting a 355 per cent increase in revenue. Unsurprisingly, investors have reacted sharply to the news, sending Zoom’s stock price up by about 540 per cent since the turn of the year. As of the time of writing, the company was valued at US$114.8 billion (S$154.1 billion). To put...
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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