As of 11:15 a.m. EST, Vimeo stock was up a staggering 42% and hitting its highest price in more than two years. These numbers don't jump off the page, but Vimeo's profitability is worth noting.
The other important bit of context here is that Vimeo stock was really cheap leading up to its Q3 report. It traded at just two times its sales and at about 16 times its free cash flow.
Vimeo (NASDAQ:VMEO) saw its shares surge more ... and secular growth in video consumption keep us positive on VMEO and make the stock compelling for patient investors, in our view,” analysts ...