What happened
Shares of Zoom video communication (NASDAQ: ZM) withdrawn Wednesday along with some other popular work-from-home stocks. These have had a good run in early 2020 due to unprecedented growth, but investors are not sure if these gains will hold up in the new year. From kl. 12:45 EST, the Zoom stock is almost 6% down. But as Wall Street wonders about the company’s future, Zoom is clearly not resting on its laurels, as a news report today shows.
So what
According to the digital news website The Information, Zoom seeks to disrupt business emails just as it disrupts business meetings. When the company filed for public release, it talked about how its video platform was only part of the overall communications and collaboration market. By experimenting with email and reportedly also with calendar software, it seems that Zoom is setting its goal of expanding its focus to the entire communications and collaboration market in which it operates.
Image source: Getty Images.
Before you get too hyped, consider that Zoom is reportedly still in the very early stages of product development. However, it may not take too long to start hearing the company’s plans. Trials with selected customers could start as early as next year.
What now
I can certainly appreciate any fears that investors have with the Zoom stock. It has already returned so much – almost 500% up by 2020. And it’s trading at a price-to-sale ratio of 56 blood. for they are not also quick to completely dismiss the prospects for top companies.
As this news from Zoom shows, winning companies have the ability to expand their market opportunity when investors least expect it. Zoom has been a big winner in 2020 due to a relentless focus on customer service. Now armed with its unsurpassed pandemic merit, it is well capitalized as it prepares for its second act.