Wall Street doesn't seem to know what to make of Zoom Video Communications (NASDAQ: ZM) as a business today. The communications services specialist's stock has at times outperformed the S 500 in 2023 but has mainly trailed the index. Shares are up less than 10% through late July, compared with the wider market's 19% surge.
Bulls will argue that it's only a matter of time before the software developer returns to its prior market-thumping path as growth rates accelerate and annual earnings begin expanding. Bears see more room for the stock's valuation to contract, on the other hand, as competition heats up from deep-pocketed companies like .
Which version of the outlook is closer to the truth? Let's dive right in.
Source Fool.com