11 Reasons to Buy Zoom and Never Sell
With millions under stay-at-home orders, many have turned to Zoom Video Communications'(NASDAQ: ZM) video meeting software for work, class, or even virtual happy hours. Its brand is becoming ubiquitous. It's so widely used in higher education that college students joke that they attend Zoom University, and the digitally native "gen Z" generation quip that they now know what the "Z" stands for.
There's a lot to like about this company. Let's dive in and see why this could be a great buy-and-never-sell stock, and wrap up with a must-not-be-ignored fact for prospective investors.
Zoom's daily usage numbers have seen unprecedented growth from 10 million in December to over 200 million in March. It had been preparing for demand surges with tens of thousands of additional servers readily available to deploy across 17 data centers around the globe. But even founder and CEO Eric Yaun indicated that usage is "far surpassing what we expected" and that "supporting this influx of users has been a tremendous undertaking and our sole focus."
Source Fool.com
