This story was originally published here.
Naturally, with most of the country — and much of the world — stuck in some form of quarantine, it’s easy to get discouraged about the financial markets. However, a few companies have emerged from this crisis stronger than ever. One of those names is Zoom Video Communications (NASDAQ:ZM).
Similar to another favorite of mine, Teladoc Health (NYSE:TDOC), Zoom’s business found massive catalysts due to social distancing and shelter-in-place protocols. Not surprisingly, then, ZM stock has absolutely skyrocketed since the pandemic began.
As we’ll discuss shortly below, Zoom Video’s subscriber growth has been enormous. Again, with corporations and later state governments requesting workers to telecommute, impacted businesses scrambled for the best solution. For ZM stock, it’s not at all insignificant that industry leaders have overwhelming chosen Zoom’s internet conferencing platform.
But as with any success story, detractors and disrupters have attempted to spoil the party. Most worryingly, the New York Times’ Taylor Lorenz recently detailed a phenomenon known as “Zoombombing.”
Similar to photobombing, zoombombing occurs when uninvited individuals disrupt a teleconferencing session. But unlike the often goofy but relatively harmless incidents of photobombing, some Zoombombing incidents have been incredibly troublesome, targeting Alcoholics Anonymous meetings and virtual elementary school classrooms with obscene and abusive content.
Unfortunately, the potential problems for ZM stock don’t end there. Privacy and security issues have become prevalent with Zoom’s platform, allowing trolls to access email addresses and other personal information.
But as problematic as Zoombombing is, I don’t think it should dissuade investors from adopting longer-term bullishness on ZM stock.
Here are three reasons why…
Editor's Note: To see all three reasons, click here. And see below for a technology that's making video communications like Zoom that much easier to use…
#1 5G Stock To Buy Now
There’s a lot of hype surrounding 5G these days…
And for good reason. It’s a breakthrough technology that’s going to change the world and make early investors a fortune.
But investing legend Louis Navellier says there’s only one 5G stock you should be paying attention to right now.
This is coming from the analyst who…
- Found Microsoft when it was trading for 39 cents.
- Cisco at 50 cents.
- Qualcomm at $2.45.
- Adobe at $1.91.
- Apple when the legendary software company was trading for $1.38.
- Amazon when it was just a $46 stock (today it’s over $1,885).
And MarketWatch said he was “the advisor who recommended Google before anyone else.”
Now Louis’s pounding the table on a 5G stock he recently uncovered.
He’s put together a presentation with the full details which you can view right here.