Should You Buy Zoom Stock Right Now?
Zoom Video Communications (NASDAQ: ZM) has probably caught your attention at least a few times in 2020. The videoconferencing company has become the go-to solution for helping people collaborate face-to-face over the internet. Indeed, there's a good chance you or someone in your family has actually used the product this year. Adoption of the video platform, of course, has been fueled by the coronavirus pandemic, which led to stay-at-home orders and a huge increase around the globe in the number of people working from home.
If you've been living in a cave and you haven't heard of Zoom's videoconferencing product, maybe you've seen headlines about the technology company's soaring stock. Shares of Zoom are up more than 500% this year, with the most recent sharp move higher following quarterly results earlier this week that obliterated expectations.
If you've been sitting on the sidelines watching in awe, perhaps yet another incredible quarterly report has you wondering whether or not you should buy this hot growth stock.
Source Fool.com
