Zoom Video Communications (NASDAQ: ZM) has been one of the biggest winners of pandemic-driven social distancing. Over the last 12 months, the share price has surged 220%, and the stock currently trades at 39 times sales and 154 times earnings. This may have some investors asking themselves: is Zoom overvalued?
The answer to that is no. Here's why.
Zoom's platform provides unified communications as a service (UCaaS). In other words, it connects people, allowing them to share content and communicate through channels like video, voice, and text.
Source Fool.com