Shares of Zoom Communications Inc (NASDAQ:ZM) are falling 6.4% to trade at $94.44 after a slightly disappointing profit outlook overshadowed a top- and bottom-line beat for the second quarter.
Zoom Video stock suffered a big reversal this week, ending the recent bull run that pushed it to the highest level in months. It dropped by nearly 4% on Tuesday, and then by 5.7% in the premarket session.
Zoom Communications NASDAQ: ZM reported second-quarter fiscal 2027 revenue growth of 4.9% year over year to $1.28 billion, exceeding the high end of its guidance by $7 million, as enterprise revenue rose 7.8% in its strongest growth rate in three years.
The headline numbers for Zoom (ZM) give insight into how the company performed in the quarter ended July 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Zoom Communications (ZM) came out with quarterly earnings of $1.55 per share, beating the Zacks Consensus Estimate of $1.5 per share. This compares to earnings of $1.53 per share a year ago.
ZM heads into Q2 with Enterprise strength and AI monetization gains, while Online softness, churn and currency remain key offsets.
Get a deeper insight into the potential performance of Zoom (ZM) for the quarter ended July 2026 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Zoom Communications (ZM) closed the most recent trading day at $107.47, moving +2.64% from the previous trading session.
Zoom Communications is rated a buy, with a compelling 15.6 P/E and a 28.5% upside to $136.20 per share. ZM has evolved beyond video meetings, integrating AI and expanding enterprise offerings, driving deeper workplace collaboration. AI adoption and Zoom Workplace Enterprise are key growth catalysts, with enterprise customers now representing 61% of revenue.
The latest trading day saw Zoom Communications (ZM) settling at $105.97, representing a -1.15% change from its previous close.
In the most recent trading session, Zoom Communications (ZM) closed at $100.64, indicating a -1.45% shift from the previous trading day.