Salesforce Cashes Out Its Zoom Video Profits. Should You?

When Zoom Video Communications (NASDAQ: ZM) went public in April 2019, no one could have predicted that the world would soon be hit by a viral pandemic that would fundamentally alter the fabric of society. It wasn't until the COVID-19 crisis started to escalate in early 2020 that Zoom started to see an astronomical surge in engagement, quickly becoming a household name as demand for videoconferencing services among consumers and businesses skyrocketed.

Zoom is now one of the top-performing stocks of the year, which has also pushed its valuation into the stratosphere, with shares trading at 95 times sales. salesforce.com (NYSE: CRM) has decided to cash out its profits. Should other investors follow suit?