Zoom adds the value of a Telstra in a single day
September 2, 2020 Leave a comment
Trying to hear what's not being said
September 2, 2020 Leave a comment
Rewardingly, one our portfolio stocks, Docusign (DOCU) rose 20%, either in “sympathy” or in anticipation of its upcoming quarterly earnings report.
Heck, DOCU is only trading on 28 times revenue and a P/E of 315.
These are the moments you add to your investing educational memory bank.
September 2, 2020
by Rob Zdravevski
rob@karriasset.com.au
Filed under Finance & Investment
It’s market cap now is US$129 billion.
Let’s not fuss about its valuation.
It just doesn’t matter that the company is trading on a P/E of 173 or 50 times revenue (2022 consensus estimates).
This is about context.
Last night, in a single trading session, Zoom added a market capitalisation of US$24 billion.
This is equivalent to the whole value of Telstra or the whole of Barclays Bank or all of Ford Motor Company’s market cap.