- July 11, 2021
- Posted by: Stratford Team
- Category: Business
Zoom Video Communications (NASDAQ:ZM) has become a way of life for many employees over the course of the pandemic. It’s no surprise that its business has benefited considerably from the massive influx of customers. But interestingly enough, the stock is valued close to what it was pre-pandemic. On a Fool Live episode recorded on June 16, Fool contributor Brian Withers discusses why now could be a good time to take a look at owning this stock.
Brian Withers: Finishing up, we’re going to get to Zoom Video Communications. ZM is the ticker. Hands down, every single metric for Zoom is better, substantially better than coronavirus, and yet, the price-to-sales ratio is at or below what it was pre-pandemic, making me think the market is way undervaluing this high-quality business. Let’s go to a couple of slides.
Growth, outstanding. Look at this, Q1 of FY20, $122 million, almost 10x two years later. That’s insane….