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Cramer says Zoom is here to stay and its stock might have bottomed out

Jim Cramer on CNBC’s Halftime Report.

Scott Mlyn | CNBC

CNBC’s Jim Cramer said Wednesday he believes Zoom Video will continue to be an important company post-pandemic and the stock’s recent pullback may be over.

Shares climbed from $68 at the end of 2019 to nearly $600 in late October as investors piled into stay-at-home plays during the pandemic, but the stock has pulled back in recent months. Zoom Video closed at about $357 per share on Tuesday.