Is It Too Late to Buy Zoom Video Communications Stock?
Few stocks have been as successful during the COVID-19 pandemic as Zoom Video Communications (NASDAQ: ZM).
Shares just touched another all-time high at $239.59 on Monday, and it's easy to see why. During the crisis, Zoom has gone from a niche business tool to an essential service, underpinning online social gatherings, business meetings, classes, and everything in between. The brand itself has become synonymous with videoconferencing, and though usage of videoconferencing has surged across the board, as companies like Facebook and Google have also reported, Zoom has been the clear winner here. It's the best known pure-play videoconferencing stock, and the one that has best monetized the surge in demand for videoconferencing tools.
Image: Zoom.
Source Fool.com
