Where Will Zoom Stock Be in 3 Years?
Zoom Video Communications (NASDAQ: ZM) hasn't been a stock-market winner over the past few months, but that unfortunate trend could be ending. The software platform business, which sells communications and collaboration services, just announced solid Q3 demand trends and improving profitability. Management said that enterprise clients are finding more value in its platform and losses are slowing in its online segment, as well.
The big question is whether Zoom can build on this momentum as it aims to reaccelerate growth over the next few years. Let's peek ahead into that potential future and what it could mean for Zoom's shareholders.
Zoom surpassed some low expectations around growth this past quarter. Q3 sales gains decelerated, in fact, to 3.5% from 4.5% in the prior quarter. Yet management had been projecting even weaker results in both the enterprise segment and the online business. enterprise sales were up 8%, a slight slowdown, compared to the prior quarter.
Source Fool.com
