Why Is Everyone Ignoring Zoom Stock's High Cash Yield?

Over the last twelve months, Zoom Communications (ZM) generated free cash flow equal to 6.7% of its market value. The median S&P 500 company sits at 4.4%. A yield that high means one of two things: a heavily discounted business or a company the market expects to shrink. So why are investors paying so little for Zoom's cash.