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Should You Sell Zoom Video Communications Stock?

TheMotleyFool

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Should You Sell Zoom Video Communications Stock?: https://g.foolcdn.com/editorial/images/710381/investors-evaluating-a-stock-purchase-getty.jpg

Being honest about the future isn't easy when the outlook sours. Zoom Video Communications (NASDAQ: ZM) found itself in this situation lately, and it didn't work out so well for the stock.

Shares of Zoom quickly fell by 10% the morning after management presented results from its fiscal third quarter that ended on Oct. 31, 2022. Instead of hitting the sell button in a panic, let's look below the surface to see if the factors that made Zoom a smart stock to buy in the first place are still in play.

The performance of Zoom's underlying business during its fiscal Q3 wasn't anything to complain about. Total revenue rose 7% year over year if we adjust for the strengthening U.S. dollar.

Source Fool.com

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