Is Zoom Video Communications Stock a Buy?
ZMZoom(ZM) The Motley Fool·2024-03-03 21:40

Zoom Video Communications' (ZM 0.25%) stock price jumped 8% on Feb. 27 after the videoconferencing company posted its latest earnings report. For the fourth quarter of fiscal 2024, which ended on Jan. 31, its revenue rose 3% year over year to 1.15billionandbeatanalystsestimatesby1.15 billion and beat analysts' estimates by 20 million. Its adjusted EPS grew 16% year over year to 1.42andclearedtheconsensusforecastby1.42 and cleared the consensus forecast by 0.27 per share. Those growth rates might seem low, but they indicate Zoom's business is still expanding in a post-pandemi ...