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Zoom Video: Deep Value In Tech - 35% Net Cash, $1.5 Billion Buyback Program
ZMZoom(ZM) Seeking Alpha·2024-04-06 13:16
seb_ra Zoom Video Communications (NASDAQ:ZM) initially soared after its earnings report in February, as the company posted solid results as well as authorizing a significant share repurchase program. While management appears to be still looking for M&A opportunities, the share repurchase program may have been viewed as a real catalyst for the undervalued tech stock. ZM has surprisingly given up all those post-earning gains and more, giving investors another opportunity to invest in the name. While growt ...