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On CNBC's "Fast Money Halftime Report," Josh Brown discussed his thoughts on Zoom Video Communications (NASDAQ:ZM). The company reported third-quarter earnings results after the close on Monday and shares fell 14% on Tuesday.
Brown said the results showed no sign of moderating growth. He went on to say Zoom's valuation got ahead of itself, but he doesn't see any other companies with stronger long-term prospects. Brown has no plans to sell Zoom.
Jon Najarian is also bullish on the stock as the company became a household name. He went on to ask could it be the next MySpace.
In terms of any potential upcoming competitors, Zoom has a substantial lead on technology versus Microsoft (NASDAQ:MSFT) and Google (NASDAQ:GOOG), said Brown.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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