Zoom Stock: Time to Buy the Dip?

It's safe to say that Zoom Video Communications' (NASDAQ: ZM) financials have defied gravity -- at least in comparison to what analysts initially thought Zoom was capable of when the tech company first went public just over two years ago. The company has consistently demolished analyst estimates, solidifying its place as a high-growth, software-as-a-service cash cow.

This blockbuster performance continued into Zoom's most recent quarter, the company revealed in its fiscal first-quarter update this week. Its results during the period were nothing short of astounding, despite facing an incredibly tough year-ago comparison, when Zoom started benefiting from virtual workplace collaboration as people all around the world began quarantining at home.

All of this begs the question: With the stock still down significantly from an all-time high of about $589 last year, is it time to buy?

Source Fool.com