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Data: FactSet; Chart: Axios Visuals

Video conferencing giant Zoom's stock has taken flight in recent weeks, up 121% this year while the S&P 500 has fallen 19% — but the good times may be coming to an end.

Driving the news: The New York attorney general's office sent a letter to the company Monday outlining a number of concerns about security flaws and vulnerabilities "that could enable malicious third parties to, among other things, gain surreptitious access to consumer webcams," the New York Times reported.

The big picture: Zoom has taken off as more small- and medium-sized businesses have begun using the service as they have been forced to go remote because of the coronavirus outbreak.

  • However, Goldman Sachs equity research analyst Heather Bellini issued a "sell" rating on the stock, arguing that its current price outpaces reasonable expectations of growth.

Between the lines: Bellini expects around three quarters of the companies currently using Zoom's free trial option will become users, but as the economy worsens she expects many will have to cut their subscriptions to reduce costs and others will simply go out of business.

  • Further, Zoom's stock currently sells for more than 1,600 times trailing earnings and she expects the company's profits growth rate will subside as it ramps up expansion.

Go deeper: Work goes remote in the face of the coronavirus

Go deeper

5 hours ago - World

Defense Sec. Austin stresses U.S. commitment to Israel's security amid growing Iran tensions

Issei Kato/Reuters/Bloomberg via Getty Images

Secretary of Defense Lloyd Austin arrived for his first visit in Jerusalem amid nuclear talks in Vienna and growing tensions between Israel and Iran.

Why it matters: Austin met his counterpart Benny Gantz and will meet later with Prime Minister Netanyahu to discuss Iran and regional security issues.

"I was horrified": Leaders respond to footage of Black and Latino Army officer threatened at traffic stop

An Army officer is suing two Virginia police officers after he said they drew their guns and pepper-sprayed him during a traffic stop in December.

Why it matters: Footage of the incident has drawn widespread criticism from leaders and groups in the state. Caron Nazario, who is Black and Latino, is heard saying “I’m honestly afraid to get out," to which a police officer responds “Yeah, you should be," in a video from a body-worn camera.

Chauvin trial leaves cities, activists across America on edge

Illustration: Brendan Lynch/Axios

The impact of the Derek Chauvin trial is reverberating far beyond the walls of the downtown Minneapolis courtroom.

The state of play: With the trial set to enter its third week, activists across America are watching the proceedings unfold with heavy skepticism that what they perceive as justice will be served.