That's the company's price-to-sales ratio. So too are the rising number of companies that are banning usage due to security concerns - a list that includes SpaceX and NASA.īut there's another number that you should know if you plan to "buy and hold" Zoom stock because you believe teleconferencing will be a trend that sticks after the coronavirus crisis. "Twenty million daily active users" is an eyepopping figure. The Only Number That Matters for Zoom Stock The answer has absolutely nothing to do with Jim Chanos, its explosion in demand, or the recent headlines about Zoom bombing and hacking across the country. Naturally, the explosion in use has many people wondering if they should buy Zoom stock now. This is a once-in-a-lifetime chance to get into great companies at historically low prices, so put these stocks on your buy list now. Get Your Buy List Ready: COVID-19 has crushed markets, but stocks will bounce higher. The firm reported 200 million daily users in March, a figure that dwarfed its previous record of 10 million in the past. Employees have relied on video conferencing to communicate in meetings. (NASDAQ: MSFT).īecause millions of employees are stuck at home, the company has seen a surge in usage. (NYSE: WORK), and Teams by Microsoft Corp. Zoom is a popular video conferencing platform that competes with Google Hangouts by Alphabet Inc. Perhaps there is no bigger example than Zoom Video Communications Inc. These companies have experienced a swoon of demand thanks to the changing consumer and business behaviors fueled by the lockdown across the United States. On Thursday (April 2), legendary short-seller Jim Chanos warned that investors should be wary of "coronavirus stocks" that are temporarily surging due to a large volume of "stay at home" users engaging their services. Save my name, email, and website in this browser for the next time I comment. Sign me up for the Money Morning newsletter Your email address will not be published. Or to contact Money Morning Customer Service, click here. Comment on This Story Click here to cancel reply.
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