![]() The market is overlooking Zoom’s long history of category-leading growth, which is discussed in detail below. However, there has been only one tech company on the public markets that has illustrated the financial strength that Zoom Video has in both its top line and bottom line.Ĭritics will say Zoom required Covid to generate these numbers, yet one look at the S-1 filing immediately disproves this theory. There have been hundreds of unicorns since the term was coined by Ailene Lee of Cowboy Ventures. The term unicorn was first used to describe a startup with a valuation of a billion dollars or more. ![]() Zoom has illustrated rare financial strength from its IPO through today due to exceptional product-market fit. Last year, I called Z oom Video a “pegasus” because the company stood out from the dime-a-dozen unicorns that have come out of Silicon Valley. No cash balance or cash flow is included in the calculation.Photo by insta_photos/iStock via Getty Images Please note all regulatory considerations regarding the presentation of fees must be taken into account. Backtested results are adjusted to reflect the reinvestment of dividends and other income and, except where otherwise indicated, are presented gross-of fees and do not include the effect of backtested transaction costs, management fees, performance fees or expenses, if applicable. Actual performance may differ significantly from backtested performance. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. ![]() Backtested performance is developed with the benefit of hindsight and has inherent limitations. ![]() This information is provided for illustrative purposes only. No representations and warranties are made as to the reasonableness of the assumptions. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Changes in these assumptions may have a material impact on the backtested returns presented. ![]() General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. Disclaimer: The TipRanks Smart Score performance is based on backtested results. ![]()
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