Here's Why Zoom Stock Has Been Soaring -- and What to Expect Going Forward
Shares of Zoom Video Communications (NASDAQ: ZM) have been on an absolute tear recently. The stock is up 133% during the last six months and 64% in the last three months alone. Investor optimism for the videoconferencing company is fueled both by its strong business performance before the coronavirus pandemic and Zoom's perfect positioning to benefit from the rise of work-from-home trends during the pandemic.
The growth stock's torrid rise comes ahead of Zoom's first-quarter earnings release next week. Investor expectations going into the report are undoubtedly high.
Here's a closer look at the momentum in Zoom's business that has prompted such bullish investor sentiment and a preview of the company's upcoming earnings report.
Source Fool.com
