Do you love sales? Who doesn’t? You can get the nicest things for a smaller price. And the best thing is, you can get more of them.
Well, get your credit card ready because there is a big sale on the stock market right now.
A very attractive stock that has been on the radar of successful investors is now on sale. Zoom Video Communications. Should you take a chance with it?
Zoom your profits
While other stocks were crushed by the pandemic, Zoom kept going stronger.
Zoom partly owes its success during 2020 to its user-friendly videoconference service, which made it possible for the companies and employees to connect and work from home.
A simple click of a link enabled users to join virtual meetings with hundreds of attendees within seconds.
The question now is, will Zoom be able to keep its stocks high once the pandemic is over and everyone goes back to the office.
According to its fourth-quarter reporter, released on March 1 the company’s sales and profits came in better than expected. Sales went high up to $882.5 million only for January. That is over 369% increase from the previous year period.
The pandemic introduced new working habits and procedures, which are expected to continue this year and beyond.
The optimistic outlook should give investors the confidence they need to put their trust and money into the company.