I use Zoom a lot. Pretty much everyone I know that has been working at home also uses it. Super easy interface, very easy to connect and create a video chat. I love the software, but the valuation right now is absurd. Has not had a sell trigger on the 10/21 for 150 days and is up 239%. WOWSERS!
My biggest gripe about Zoom is that larger competitors like Microsoft, Facebook, Google, Apple, etc. are all investing in the stay in the stay at home economy. Video Teleconferencing and Video chat is obviously one of their largest and most critical investments for the future. The minute Microsoft launched their Teams application, my company switched over since we use Microsoft Software for everything else.
Fundamentals: All look fairly strong to me, especially their income statement. That intrigues me a little more for a long position.
Earnings: EPS share estimates show strong growth. I can't imagine that to be false either.
I would like a pullback back to the $100.00 range for the risk/reward to be worth it for me. It still seems somewhat speculative but definitely has HUGE potential. Looks like it may be completing a 5th wave so I would expect a pullback soon.
My biggest gripe about Zoom is that larger competitors like Microsoft, Facebook, Google, Apple, etc. are all investing in the stay in the stay at home economy. Video Teleconferencing and Video chat is obviously one of their largest and most critical investments for the future. The minute Microsoft launched their Teams application, my company switched over since we use Microsoft Software for everything else.
Fundamentals: All look fairly strong to me, especially their income statement. That intrigues me a little more for a long position.
Earnings: EPS share estimates show strong growth. I can't imagine that to be false either.
I would like a pullback back to the $100.00 range for the risk/reward to be worth it for me. It still seems somewhat speculative but definitely has HUGE potential. Looks like it may be completing a 5th wave so I would expect a pullback soon.