It’s the very beginning of the New Year and it has been raining throughout the weekends so it would be an appropriate time to look for potential gems that could start help us generate returns starting next week when the market reopens.
Zoom Video Communications Inc. (Nasdaq: ZM) has fallen by about 42.7% from the peak when it hits $588.84 on the 19th Oct 2020 to the current price of just $337.32 today.
Probably inappropriate to say “just” since the company has risen by about 5x fold since the start of 2020.
This will just be a quick analysis to see where if there’s an opportunity next week.
The company reported its third-quarter fiscal 2021 earnings which generated 99 cents/share bottom line.
Sales revenue hits $695m with strong year on year performance due to new customer subscriptions and more traction of market share. Existing customer subscription revenues also grew 20% year on year.