Zoom (NASDAQ: ZM) recently posted a sixth consecutive quarter of sales over $1 billion, but Wall Street wasn't impressed. Never mind that the video communications giant earned just $623 million in annual sales in the year before the pandemic. Zoom's stock has been battered in 2022 even though the company is on pace to reach almost $4.5 billion of revenue this fiscal year.
The stock's decline this year and following its fiscal third-quarter report could create a buying opportunity for patient investors. On the other hand, it might signal even worse returns ahead for shareholders.
Let's take a closer look at the bullish thesis in light of Zoom's mid-November earnings update.
Source Fool.com