U.S. Markets open in 5 hrs 59 mins

Down 50% From Its High, Is Zoom Stock a Smart Buy?

·5 min read
Down 50% From Its High, Is Zoom Stock a Smart Buy?
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Zoom Video Communications (NASDAQ: ZM) is a great example of the Gartner Hype Cycle in action. Last year, the pandemic sent Zoom stock soaring 765% as it reached an all-time high of about $589 per share in Oct. 2020. Since the beginning of the pandemic, many people have become familiar with Zoom Meetings, the cornerstone of Zoom's communications platform.