Zoom Video Communications (NASDAQ: ZM) posted its latest earnings report on Nov. 20. For the third quarter of fiscal 2024, which ended on Oct. 31, the video conferencing company's revenue rose 3% year over year to $1.14 billion and exceeded analysts' expectations by $20 million. Its adjusted earnings per share (EPS) grew 21% to $1.29 and cleared the consensus forecast by $0.21.

Zoom's stock barely budged after the report, and it remains nearly 90% below its all-time high. Let's review the bear and bull cases to see if it's a turnaround play.

Image source: Zoom.

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Source Fool.com