Zoom grew like crazy during the pandemic. Now what?

▤ Summary

There are some companies that made out well as a result of the pandemic: Amazon, with people ordering even more stuff online; Clorox, with our renewed sense of sanitation; and Zoom, the video conferencing service that became a household name. “They were the poster child of COVID,” said Keith Snyder, a senior equity analyst at CFRA Research. Last year, Zoom tried to acquire the contact center software company Five9, but the deal fell through. The good news, according to Trevor White at Nucleus Research, is that Zoom is sitting on a lot of cash. Because, said White, talk of slow and steady growth of the video conferencing platform likely isn’t going to cut it for investors.

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