Zoom: Strong Bookings Indicate Growth Trough Is Behind Us
ZMZoom(ZM) Seeking Alpha·2024-08-26 21:28

AndreyPopov/iStock via Getty Images Investment Thesis Zoom (NASDAQ:ZM) surged 17% after delivering better-than-expected 2Q FY2025 results and raising forward guidance. While the company's growth trajectory remains subdued, the less disappointing news is a positive for the stock, given its cheap valuation. Investors are encouraged by ZM's inflection in growth rebound. This may signal a potential trough in demand weakness, especially as the company's contract backlogs show significant growth reacceleration. I ...