ZM US | Potential head-shoulder topBreak-down through neckline could lead to >-50% downside.
Stock is still trading on > 130X current (Fy21) no-gaap eps guidance.
Don't get me wrong, It is a good company offering good product. ZM (and GSX) were the only 2 buy-and-hold stocks I suggested to my hedge fund clients in late 3Q19.
From a user perspective, (I am currently a CFO at startup doing M&A), most of the virtual meetings were done with ZM at the beginning and middle of the Covid pandemic. However, in the past month, virtual-meeting invites started showing "Cisco Webex", "Microsoft Team" and "Google Meet"; I actually think Google had the best quality. I am even looking into Zoho virtual meeting, which is the online accounting software we are using....can't help wonder how competitive is ZM's advantage in the long run.
let me know your thoughts.
