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Could Zoom Video Communications Become the Next Microsoft?

TheMotleyFool

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Could Zoom Video Communications Become the Next Microsoft?: https://g.foolcdn.com/editorial/images/761209/zoom-rooms.jpg

Zoom Video Communications (NASDAQ: ZM) has taken investors on a wild ride since its initial public offering (IPO). The video conferencing company went public at $36 on April 18, 2019, and its stock soared to its all-time high of $568.34 on Oct. 19, 2020.

But today, Zoom's stock trades at $70 -- so a $1,000 investment would have grown to nearly $15,800 before shrinking back to just over $1,900. The bulls initially rushed to Zoom as its growth accelerated throughout the pandemic, but they hastily retreated as it lost momentum in a post-pandemic market and rising rates popped its bubbly valuations.

Image source: Zoom.

Source Fool.com

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