Zoom Video: Normal correction, long term bullish, and some other WFH plays
hemeisv.substack.com
Zoom Video (ZM) stock price dropped 11% on Thursday April 2, the biggest single day correction throughout its one-year history of being a public company. This was due to a combination of security and privacy headlines and competition concerns. We continue to be bullish on the company for the long run, although valuation remains a short-term sticking point. We also believe Covid-19 as a significant catalyst for cloud migration in general and work-from-home (WFH or remote-working) in particular, and other WFH plays like RingCentral, Microsoft, Slack, Okta, and Zscaler will also benefit.
Zoom Video: Normal correction, long term bullish, and some other WFH plays
Zoom Video: Normal correction, long term…
Zoom Video: Normal correction, long term bullish, and some other WFH plays
Zoom Video (ZM) stock price dropped 11% on Thursday April 2, the biggest single day correction throughout its one-year history of being a public company. This was due to a combination of security and privacy headlines and competition concerns. We continue to be bullish on the company for the long run, although valuation remains a short-term sticking point. We also believe Covid-19 as a significant catalyst for cloud migration in general and work-from-home (WFH or remote-working) in particular, and other WFH plays like RingCentral, Microsoft, Slack, Okta, and Zscaler will also benefit.