Zoomerrific! What is there to say about Zoom Video (ZM) ? Personally, I was in early, and out early. Then I was in again, then out again, early. Two decent trades. Should have been one awesome-ful investment. You know what they say. No woulda, shoulda, couldas. There are no lousy profits. The firm reported its fiscal third quarter performance on Monday evening. To say that Zoom Video hit the ball out of the park does not do the quarter justice. To say that the share price is probably way too high for where the firm is in their development, or brought forward more quickly than perhaps where it should be given the landscape. Let’s dig in.
Quarter Reported, Quarter Ahead
For the firm’s third quarter, Zoom Video posted adjusted EPS of $0.99, crushing expectations down in the $0.70’s. Revenue generation grew an astounding 366% to $777.19 million. This too, easily