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Here’s Why Zoom’s Profit Fell by 50% in Q1. Zoom Video Communications (NASDAQ: ZM) is one of Cathie Wood’s favorite stocks. Zoom skyrocketed in popularity. Shares of Zoom Video Communications (ZM %) climbed % on Friday, as investors rotated into stocks positioned to perform relatively.
 
 

 

Zoom Stock Is Up % This Year. Why You Should Still Buy It. | Barron’s – Strong demand for the shares

 

Founded in by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resourcesand more. Learn More. The discovery of a new coronavirus strain sparked a violent sell-off in the financial markets.

Health officials are worried that the heavily mutated variant, which is referred to as B. They also don’t know if currently available vaccines will be able to provide adequate protection against it. Government leaders in the U. The actions are designed to slow the spread of the new coronavirus variant. However, due to the global nature of international trade, it might only be some time before the strain spreads across the world.

The news drove investors to sell off the stocks of companies that are viewed as economic reopening plays — and rotate back into businesses that could see demand for their products and services rise if COVID cases mount. Zoom, as a leading provider of video conferencing and other communications software, stands to benefit from this unfortunate scenario. After soaring during the early stages of the pandemic, Zoom’s growth has slowed in recent quarters, as more people have returned to their traditional work locations.

Although Zoom’s why did zoom stock rise today of expansion will likely not return to those heady levels, a surge in COVID case counts could help its why did zoom stock rise today and profits increase at a higher-than-expected rate in the coming quarters.

Cost basis and return based on previous market day close. Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of Discounted offers are only available to new members. Why did zoom stock rise today by Time-Weighted Return since Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment по этой ссылке. Invest better with The Motley Fool.

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Current Price. The company’s video chat software could soon be in high demand. So what The discovery of a new coronavirus strain sparked a violent sell-off why did zoom stock rise today the financial markets. Image source: Getty Images. Zoom Video Communications. Motley Fool Returns Market-beating stocks from our award-winning service.

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