Soybean Meal (ZM)

Zoom Communications 株価情報 (NASDAQ: ZM)

Zoom Communications (NASDAQ:ZM) 株価情報

Zoom Communications

Zoom Video Comms

Zoom Video Communications provides a communications platform that connects people through video, voice, chat, and content sharing. The company's cloud-native platform enables face-to-face video and connects users across various devices and locations in a single meeting. Zoom, which was founded in 2011 and is headquartered in San Jose, California, serves companies of all sizes from all industries around the world.

Zoom Video Communications

Zoom Communications, Inc. - Class A Common Stock

Zoom Communications Inc

Innovator ETFs Trust Innovator Equity Defined Protection ETF - 1 Yr March

ZOOMD TECHNOLOGIES LTD by Zoomd Technologies Ltd.

Zoomd Technologies Ltd

Zhangmen Education Inc ADR

ZAMAGE DIGITAL ART IMAGNG by Zamage Digital Art Imaging, Inc.

Zamage Digital Art Imaging Inc

ZHONGMIN MEI-HAO by ZhongMin Mei-Hao Holding Co Ltd.

ZhongMin Mei Hao Holding Co Ltd

ZAMP S.A S/ADR by ZAMP S.A

ZIMPLATS HLDGS LTD ORD by Zimplats Holdings Ltd.

Zimplats Holdings Ltd

ZALEMARK HOLDING CO INC by Zalemark Holding Co., Inc.

Zalemark Holding Co Inc

ZECOTEK PHOTONICS INC ORD by Zecotek Photonics, Inc.

Zecotek Photonics Inc

Zipmex - United States Dollar

Zumtobel Group AG

ZOOMAWAY TECHNOLOGIES INC by Zoomaway Technologies Inc.

ZoomAway Technologies Inc

WIIM

ADBE

ADSK

DOCU

ESTC

FIVN

FTNT

GLOB

GWRE

HUBS

INTU

MANH

MSFT

NTNX

ORCL

OTEX

PANW

Shares of companies in the broader software sector are trading lower as stocks pull back after surging Wednesday following President Trump's tariff pause announcement.

ACIW

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QLYS

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YEXT

Shares of software ant IT stocks are trading higher following President Trump's decision to implement a 90-day pause on reciprocal tariffs for all countries except China.

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Shares of companies within the broader tech sector are trading lower as markets react to President Trump's announcement of sweeping tariffs.

Whales with a lot of money to spend have taken a noticeably bearish stance on Zoom Communications.
Looking at options history for Zoom Communications (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 55% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $425,400 and 7, calls, for a total amount of $381,490.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $55.0 to $100.0 for Zoom Communications during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Zoom Communications's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Zoom Communications's whale activity within a strike price range from $55.0 to $100.0 in the last 30 days. 
<h3>Zoom Communications 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1743105758_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ZM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$3.8</td>
<td>$3.6</td>
<td>$3.65</td>
<td>$65.00</td>
<td>$219.0K</td>
<td>3.0K</td>
<td align="right">600</td>
</tr>
<tr>
<td>ZM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$5.65</td>
<td>$5.0</td>
<td>$5.16</td>
<td>$70.00</td>
<td>$206.4K</td>
<td>1.2K</td>
<td align="right">400</td>
</tr>
<tr>
<td>ZM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/18/26</td>
<td>$9.35</td>
<td>$9.2</td>
<td>$9.2</td>
<td>$87.50</td>
<td>$121.4K</td>
<td>288</td>
<td align="right">132</td>
</tr>
<tr>
<td>ZM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$13.2</td>
<td>$12.5</td>
<td>$12.5</td>
<td>$65.00</td>
<td>$98.7K</td>
<td>21</td>
<td align="right">0</td>
</tr>
<tr>
<td>ZM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/18/26</td>
<td>$9.35</td>
<td>$9.2</td>
<td>$9.2</td>
<td>$87.50</td>
<td>$36.8K</td>
<td>288</td>
<td align="right">172</td>
</tr>
</tbody>
</table>

<h3>About Zoom Communications</h3>
Zoom Video Communications provides a communications platform that connects people through video, voice, chat, and content sharing. The company's cloud-native platform enables face-to-face video and connects users across various devices and locations in a single meeting. Zoom, which was founded in 2011 and is headquartered in San Jose, California, serves companies of all sizes from all industries around the world.
Having examined the options trading patterns of Zoom Communications, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of Zoom Communications</h3>
<ul>
<li>With a trading volume of 987,627, the price of ZM is down by -1.17%, reaching $76.87.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 53 days from now.</li>
</ul>
<h3>What The Experts Say On Zoom Communications</h3>
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $86.25.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; An analyst from RBC Capital has revised its rating downward to Outperform, adjusting the price target to $95. 
&#x2A; Maintaining their stance, an analyst from Scotiabank continues to hold a Sector Perform rating for Zoom Communications, targeting a price of $75. 
&#x2A; An analyst from Barclays has decided to maintain their Equal-Weight rating on Zoom Communications, which currently sits at a price target of $80. 
&#x2A; Maintaining their stance, an analyst from Rosenblatt continues to hold a Buy rating for Zoom Communications, targeting a price of $95. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Zoom Communications options trades with real-time alerts from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.

Options

Markets

Spotlight on Zoom Communications: Analyzing the Surge in Options Activity

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/28/25</td>
<td>$120.00</td>
<td>$37.3K</td>
<td>82.7K</td>
<td>83.4K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/28/25</td>
<td>$97.00</td>
<td>$36.6K</td>
<td>4.2K</td>
<td>16.5K</td>
</tr>
<tr>
<td>XRX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$5.00</td>
<td>$2.5 million</td>
<td>14.8K</td>
<td>15.0K</td>
</tr>
<tr>
<td>IBM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$245.00</td>
<td>$51.4K</td>
<td>45</td>
<td>5.6K</td>
</tr>
<tr>
<td>ORCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/28/25</td>
<td>$150.00</td>
<td>$46.8K</td>
<td>7.6K</td>
<td>2.6K</td>
</tr>
<tr>
<td>DELL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/28/25</td>
<td>$97.00</td>
<td>$129.3K</td>
<td>287</td>
<td>2.0K</td>
</tr>
<tr>
<td>QBTS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/25/25</td>
<td>$8.50</td>
<td>$57.3K</td>
<td>535</td>
<td>1.8K</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/28/25</td>
<td>$350.00</td>
<td>$150.7K</td>
<td>3.5K</td>
<td>1.5K</td>
</tr>
<tr>
<td>U</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$30.00</td>
<td>$48.5K</td>
<td>1.1K</td>
<td>1.4K</td>
</tr>
<tr>
<td>ZM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/20/26</td>
<td>$80.00</td>
<td>$1.1 million</td>
<td>205</td>
<td>1.2K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option sweep with bearish sentiment. It expires in 3 day(s) on March 28, 2025. Parties traded 171 contract(s) at a $120.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $37.3K, with a price of $217.0 per contract. There were 82778 open contracts at this strike prior to today, and today 83484 contract(s) were bought and sold. 
• For PLTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), we notice a call option sweep that happens to be bearish, expiring in 3 day(s) on March 28, 2025. This event was a transfer of 205 contract(s) at a $97.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $36.6K, with a price of $179.0 per contract. There were 4212 open contracts at this strike prior to today, and today 16566 contract(s) were bought and sold. 
• For XRX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>), we notice a put option trade that happens to be bearish, expiring in 661 day(s) on January 15, 2027. This event was a transfer of 15000 contract(s) at a $5.00 strike. The total cost received by the writing party (or parties) was $2.5 million, with a price of $170.0 per contract. There were 14865 open contracts at this strike prior to today, and today 15000 contract(s) were bought and sold. 
• Regarding IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), we observe a put option sweep with bearish sentiment. It expires in 87 day(s) on June 20, 2025. Parties traded 42 contract(s) at a $245.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $51.4K, with a price of $1225.0 per contract. There were 45 open contracts at this strike prior to today, and today 5606 contract(s) were bought and sold. 
• For ORCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), we notice a put option sweep that happens to be bearish, expiring in 3 day(s) on March 28, 2025. This event was a transfer of 720 contract(s) at a $150.00 strike. This particular put needed to be split into 37 different trades to become filled. The total cost received by the writing party (or parties) was $46.8K, with a price of $65.0 per contract. There were 7631 open contracts at this strike prior to today, and today 2675 contract(s) were bought and sold. 
• Regarding DELL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), we observe a put option sweep with bearish sentiment. It expires in 3 day(s) on March 28, 2025. Parties traded 1540 contract(s) at a $97.00 strike. This particular put needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $129.3K, with a price of $84.0 per contract. There were 287 open contracts at this strike prior to today, and today 2054 contract(s) were bought and sold. 
• Regarding QBTS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>), we observe a put option sweep with bearish sentiment. It expires in 31 day(s) on April 25, 2025. Parties traded 500 contract(s) at a $8.50 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $57.3K, with a price of $115.0 per contract. There were 535 open contracts at this strike prior to today, and today 1812 contract(s) were bought and sold. 
• Regarding APP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>), we observe a call option sweep with bearish sentiment. It expires in 3 day(s) on March 28, 2025. Parties traded 201 contract(s) at a $350.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $150.7K, with a price of $750.0 per contract. There were 3585 open contracts at this strike prior to today, and today 1501 contract(s) were bought and sold. 
• Regarding U (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>), we observe a call option sweep with bullish sentiment. It expires in 143 day(s) on August 15, 2025. Parties traded 315 contract(s) at a $30.00 strike. This particular call needed to be split into 223 different trades to become filled. The total cost received by the writing party (or parties) was $48.5K, with a price of $154.0 per contract. There were 1197 open contracts at this strike prior to today, and today 1455 contract(s) were bought and sold. 
• Regarding ZM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>), we observe a put option trade with bullish sentiment. It expires in 360 day(s) on March 20, 2026. Parties traded 1200 contract(s) at a $80.00 strike. The total cost received by the writing party (or parties) was $1.1 million, with a price of $988.0 per contract. There were 205 open contracts at this strike prior to today, and today 1200 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

DELL

NVDA

PLTR

10 Information Technology Stocks Whale Activity In Today's Session

AVDX, FORTY, GFS, RGTI, SWKS
AVDX, FORTY, GFS, RGTI, SWKS

AAPL

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BRZE

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GTLB

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SPOT

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TOST

VERI

Shares of technology companies are trading higher in sympathy with overall market sentiment after the Fed policy decision to keep rates unchanged.

RBC Capital analyst Rishi Jaluria reiterates Zoom Communications (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) with a Outperform and maintains $95 price target.

News

Price Target

Reiteration

Analyst Ratings

RBC Capital Reiterates Outperform on Zoom Communications, Maintains $95 Price Target

Zoom Communications Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) has unveiled expanded <a href="https://www.benzinga.com/25/03/44357988/zoom-introduces-customizable-ai-companion-with-new-add-ons-for-businesses">capabilities at Enterprise Connect 2025</a>.
Here are some key analyst takeaways.
RBC Capital Markets On Zoom Communications
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5846fffaee7bf6000154d142/rishi-jaluria">Analyst Rishi Jaluria</a> maintained an Outperform rating and price target of $95.
Zoom Communications' churn rates have declined, with online customer churn reaching a record low over the past two quarters, Jaluria said in the note. The company is offering basic AI features at no additional cost and is looking into AI monetization opportunities beyond 2026, expecting revenue generation to accelerate in 2027, he added.
"We came away (from the Enterprise Connect event) with a better appreciation for Zoom&#8217;s position in the competitive environment through the platform offering, and the ability to win contact center deals from an integrated offering and competitive pricing," the analyst wrote. The company is forming strategic partnerships to advance its market reach, he further wrote.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Rosenblatt Securities On Zoom Communications
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/585aa876b5a482000151d0ed/catharine-trebnick">Analyst Catharine Trebnick</a> reiterated a Buy rating and price target of $95.
Zoom Communications has increased its focus on building channel partners, the revenue contribution of which has risen from 30% in fiscal 2023 to 40% in 2024 and is targeted to reach 50% in 2026, Trebnick said. She added that the key drives of this growth are:
<ul>
<li>Optimized processes and systems for better program scalability</li>
<li>Extended partner access to sales statistics dashboards</li>
<li>Comprehensive sales enablement tools and training</li>
<li>Focus on streamlined implementation and deployments</li>
<li>Strategic regionalization of customer support</li>
<li>Channel manager-driven revenue growth through targeted upselling and cross-selling</li>
</ul>
ZM Price Action: Shares of Zoom Communications had risen by 1.47% to $76.56 at the time of publication on Wednesday.
Read More: <a href="https://www.benzinga.com/content/44143157/zoom-stock-leading-the-video-market-after-skypes-exit">Zoom Stock: Leading the Video Market After Skype&#8217;s Exit</a>

Analyst Color

Movers

Trading Ideas

Zoom Communications Looks For AI Monetization, Expect Revenue To Accelerate In 2027: Analyst

Rosenblatt analyst Catharine Trebnick maintains Zoom Communications (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) with a Buy and maintains $95 price target.

Rosenblatt Maintains Buy on Zoom Communications, Maintains $95 Price Target

Across the recent three months, 12 analysts have shared their insights on Zoom Communications (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>), expressing a variety of opinions spanning from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">9</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">5</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Zoom Communications, presenting an average target of $88.08, a high estimate of $100.00, and a low estimate of $75.00. This upward trend is apparent, with the current average reflecting a 1.35% increase from the previous average price target of $86.91.
<img src="https://www.benzinga.com/files/images/story/2025/1742238043_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The analysis of recent analyst actions sheds light on the perception of Zoom Communications by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Allan Verkhovski</td>
<td>Scotiabank</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$75.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Ryan Macwilliams</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$80.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Karl Keirstead</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$85.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Matthew Harrigan</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$97.00</td>
<td>$97.00</td>
</tr>
<tr>
<td>Thomas Blakey</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$87.00</td>
<td>$87.00</td>
</tr>
<tr>
<td>Catharine Trebnick</td>
<td>Rosenblatt</td>
<td>Maintains</td>
<td>Buy</td>
<td>$95.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Parker Lane</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Hold</td>
<td>$85.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Tyler Radke</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$85.00</td>
<td>$86.00</td>
</tr>
<tr>
<td>Thomas Blakey</td>
<td>Cantor Fitzgerald</td>
<td>Announces</td>
<td>Neutral</td>
<td>$87.00</td>
<td>-</td>
</tr>
<tr>
<td>Michael Turrin</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$85.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Samad Samana</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$100.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Meta Marshall</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$96.00</td>
<td>$86.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Zoom Communications. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Zoom Communications compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Zoom Communications's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Zoom Communications's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/ZM/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Zoom Communications analyst ratings.</a>
<h2>All You Need to Know About Zoom Communications</h2>
Zoom Video Communications provides a communications platform that connects people through video, voice, chat, and content sharing. The company's cloud-native platform enables face-to-face video and connects users across various devices and locations in a single meeting. Zoom, which was founded in 2011 and is headquartered in San Jose, California, serves companies of all sizes from all industries around the world.
<h3>Zoom Communications: Delving into Financials</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Zoom Communications's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 3.29% as of 31 January, 2025, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Zoom Communications's net margin is impressive, surpassing industry averages. With a net margin of 31.07%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Zoom Communications's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 4.18%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 3.4%, the company showcases effective utilization of assets.
Debt Management: Zoom Communications's debt-to-equity ratio is below the industry average. With a ratio of 0.01, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>How Are Analyst Ratings Determined?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Analyst Verdict: Zoom Communications In The Eyes Of 12 Experts

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Goldman Sachs cut Bumble Inc. &nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMBL#NYSE">BMBL</a>) price target from $10 to $8. Goldman Sachs analyst Alexandra Steiger maintained a Buy rating. Bumble shares closed at $4.82 on Friday. See how other analysts <a href="https://www.benzinga.com/quote/BMBL/analyst-ratings">view this stock</a>.</li>
<li>Oppenheimer slashed the price target for Expedia Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) from $235 to $230. Oppenheimer analyst Jed Kelly maintained an Outperform rating. Expedia shares closed at $162.11 on Friday. See how other analysts <a href="https://www.benzinga.com/quote/EXPE/analyst-ratings">view this stock</a>.</li>
<li>Morgan Stanley cut McDonald&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) price target from $340 to $335. Morgan Stanley analyst John Glass maintained an Overweight rating. McDonald&#8217;s shares closed at $299.83 on Friday. <a href="https://www.benzinga.com/quote/MCD/analyst-ratings">See how other analysts view this stock.</a></li>
<li>BMO Capital raised the price target for Pilgrim&#8217;s Pride Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) from $47 to $48. BMO Capital analyst Andrew Strelzik maintained a Market Perform rating. Pilgrim&#8217;s Pride shares closed at $49.62 on Friday. <a href="https://www.benzinga.com/quote/PPC/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan cut the price target for Crown Castle Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>) from $121 to $115. JP Morgan analyst Philip Cusick maintained a Neutral rating. Crown Castle shares closed at $103.22 on Thursday. See how other analysts view <a href="https://www.benzinga.com/quote/CCI/analyst-ratings">this stock</a>.</li>
<li>Scotiabank cut Zoom Communications Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) price target from $85 to $75. Scotiabank analyst Allan Verkhovski maintained a Sector Perform rating. Zoom shares settled at $74.20 on Friday. <a href="https://www.benzinga.com/quote/ZM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>DA Davidson cut e.l.f. Beauty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>) price target from $80 to $75. DA Davidson analyst Linda Bolton Weiser maintained a Neutral rating. e.l.f. Beauty shares closed at $68.18 on Friday. <a href="https://www.benzinga.com/quote/ELF/analyst-ratings">See how other analysts view this stock.</a></li>
<li>UBS cut Western Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) price target from $74 to $50. UBS analyst Timothy Arcuri maintained a Neutral rating. Western Digital shares closed at $44.53 on Friday. &nbsp;<a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Mizuho cut the price target for Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) from $515 to $430. Mizuho analyst Vijay Rakesh maintained an Outperform rating. Tesla shares settled at $249.98 on Friday. <a href="https://www.benzinga.com/quote/TSLA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Needham slashed NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) price target from $84 to $80. Needham analyst Tom Nikic maintained a Buy rating. Nike shares closed at $71.66 on Friday. <a href="https://www.benzinga.com/quote/nke/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying TSLA stock? 
<ul>
<li> <a href="https://www.benzinga.com/quote/TSLA/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Photo: Shutterstock

BMBL

EXPE

TSLA

Tesla To $430? Here Are 10 Top Analyst Forecasts For Monday

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$120.00</td>
<td>$82.8K</td>
<td>137.7K</td>
<td>82.5K</td>
</tr>
<tr>
<td>PLTR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$85.00</td>
<td>$76.6K</td>
<td>11.4K</td>
<td>15.3K</td>
</tr>
<tr>
<td>BASE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$12.50</td>
<td>$34.6K</td>
<td>4.0K</td>
<td>1.4K</td>
</tr>
<tr>
<td>MSTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/28/25</td>
<td>$290.00</td>
<td>$167.0K</td>
<td>1.0K</td>
<td>1.0K</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$26.00</td>
<td>$26.7K</td>
<td>17.2K</td>
<td>1.0K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/18/26</td>
<td>$185.00</td>
<td>$42.4K</td>
<td>908</td>
<td>839</td>
</tr>
<tr>
<td>TSM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$135.00</td>
<td>$26.2K</td>
<td>13.2K</td>
<td>732</td>
</tr>
<tr>
<td>XRX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$5.00</td>
<td>$68.0K</td>
<td>20.1K</td>
<td>685</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/17/27</td>
<td>$185.00</td>
<td>$249.0K</td>
<td>20</td>
<td>665</td>
</tr>
<tr>
<td>ZM</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$75.00</td>
<td>$143.4K</td>
<td>4.6K</td>
<td>300</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option sweep with bullish sentiment. It expires in 4 day(s) on March 21, 2025. Parties traded 255 contract(s) at a $120.00 strike. This particular call needed to be split into 43 different trades to become filled. The total cost received by the writing party (or parties) was $82.8K, with a price of $325.0 per contract. There were 137772 open contracts at this strike prior to today, and today 82502 contract(s) were bought and sold. 
• For PLTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), we notice a put option trade that happens to be bullish, expiring in 4 day(s) on March 21, 2025. This event was a transfer of 286 contract(s) at a $85.00 strike. The total cost received by the writing party (or parties) was $76.6K, with a price of $268.0 per contract. There were 11413 open contracts at this strike prior to today, and today 15332 contract(s) were bought and sold. 
• Regarding BASE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BASE#NASDAQ">BASE</a>), we observe a call option sweep with bearish sentiment. It expires in 4 day(s) on March 21, 2025. Parties traded 330 contract(s) at a $12.50 strike. This particular call needed to be split into 32 different trades to become filled. The total cost received by the writing party (or parties) was $34.6K, with a price of $105.0 per contract. There were 4009 open contracts at this strike prior to today, and today 1491 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a put option sweep with bearish sentiment. It expires in 11 day(s) on March 28, 2025. Parties traded 100 contract(s) at a $290.00 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $167.0K, with a price of $1670.0 per contract. There were 1058 open contracts at this strike prior to today, and today 1070 contract(s) were bought and sold. 
• For INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we notice a call option trade that happens to be bullish, expiring in 60 day(s) on May 16, 2025. This event was a transfer of 103 contract(s) at a $26.00 strike. The total cost received by the writing party (or parties) was $26.7K, with a price of $260.0 per contract. There were 17252 open contracts at this strike prior to today, and today 1032 contract(s) were bought and sold. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a call option trade that happens to be bullish, expiring in 458 day(s) on June 18, 2026. This event was a transfer of 2 contract(s) at a $185.00 strike. The total cost received by the writing party (or parties) was $42.4K, with a price of $21200.0 per contract. There were 908 open contracts at this strike prior to today, and today 839 contract(s) were bought and sold. 
• Regarding TSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), we observe a put option sweep with bullish sentiment. It expires in 95 day(s) on June 20, 2025. Parties traded 114 contract(s) at a $135.00 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $26.2K, with a price of $230.0 per contract. There were 13263 open contracts at this strike prior to today, and today 732 contract(s) were bought and sold. 
• For XRX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>), we notice a put option trade that happens to be bearish, expiring in 305 day(s) on January 16, 2026. This event was a transfer of 680 contract(s) at a $5.00 strike. The total cost received by the writing party (or parties) was $68.0K, with a price of $100.0 per contract. There were 20111 open contracts at this strike prior to today, and today 685 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a call option trade that happens to be bearish, expiring in 1005 day(s) on December 17, 2027. This event was a transfer of 40 contract(s) at a $185.00 strike. The total cost received by the writing party (or parties) was $249.0K, with a price of $6225.0 per contract. There were 20 open contracts at this strike prior to today, and today 665 contract(s) were bought and sold. 
• Regarding ZM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>), we observe a put option trade with neutral sentiment. It expires in 95 day(s) on June 20, 2025. Parties traded 300 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $143.4K, with a price of $478.0 per contract. There were 4621 open contracts at this strike prior to today, and today 300 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BASE

INTC

MSTR

10 Information Technology Stocks With Whale Alerts In Today's Session

Scotiabank analyst Allan Verkhovski maintains Zoom Communications (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) with a Sector Perform and lowers the price target from $85 to $75.

Scotiabank Maintains Sector Perform on Zoom Communications, Lowers Price Target to $75

On Monday, Zoom Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) disclosed the new agentic AI Companion capabilities, expanded AI Companion skills and<a href="https://www.benzinga.com/pressreleases/25/03/g44355391/zoom-debuts-new-agentic-ai-skills-and-agents-for-zoom-ai-companion" target="_blank" rel="noreferrer noopener"> AI enhancements across its platform</a>.
These updates span Zoom Meetings, Team Chat, Docs, Phone, Whiteboard, Contact Center, industry solutions and more.
Zoom also introduced Zoom Drive, a centralized hub for storing meeting and productivity assets, including Zoom Docs, to streamline access across Zoom Workplace. The feature is set to launch in May.
Zoom AI Companion remains available at no extra cost for customers with paid Zoom user accounts.
The company added that advanced AI Companion features, custom agent setups and third-party agent integrations may come with additional fees or separate pricing.
Zoom is enhancing its AI Companion with advanced skills and agents to boost productivity, with new features including calendar management, clip generation and writing assistance.
Also, Zoom's open platform will soon support third-party and custom agents for tasks like sales RFPs and IT service requests, with AI Companion orchestrating the execution.
Zoom&#8217;s Custom AI Companion add-on allows organizations to tailor the AI Companion to their specific needs using AI Studio.
Businesses can create custom meeting templates, dictionaries and integrate their own data, including third-party apps.
The add-on includes a personal AI coach, custom meeting summary templates, and Custom Avatars for video clips and will be available for purchase in April for $12 per user per month, with the personal coach launching in June.
Steven Carroll, chief information officer at Saint Leo University said, &#8220;This technology isn&#8217;t just about efficiency; it allows our employees to spend less time on manual tasks and more time on meaningful collaboration, and focus on what matters most: supporting our students&#8217; educational journey.&#8221;
Investors can gain exposure to the stock via&nbsp;Global X Cloud Computing ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLOU#NASDAQ">CLOU</a>) and StockSnips AI-Powered Sentiment US All Cap ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEWZ#NASDAQ">NEWZ</a>).
Price Action: ZM shares are up 0.67% at $74.70 premarket at the last check Monday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/price-target/25/02/43953722/zoom-eyes-ai-powered-growth-analyst-highlights-innovation-momentum-revenue-challenges" target="_blank" rel="noreferrer noopener">Zoom Eyes AI-Powered Growth, Analyst Highlights Innovation Momentum, Revenue Challenges</a></li>
</ul>
Photo: Shutterstock

Equities

Large Cap

CLOU

NEWZ

Zoom Introduces Customizable AI Companion With New Add-Ons For Businesses

CVLT

FICO

OKTA

PEGA

SAIL

SHOP

SNPS

Shares of companies in the broader software sector are trading higher. The sector may be rising as the overall market rebounds after falling recently on tariff concerns.

<a href="https://www.xda-developers.com/microsoft-killing-skype/" title="https://www.xda-developers.com/microsoft-killing-skype/">https://www.xda-developers.com/microsoft-killing-skype/</a>

Microsoft To Shut Down Skype In May -XDA Report

Zoom And Mitel Launches Hybrid Cloud Solution To Integrate Zoom Workplace And Zoom AI Companion With Mitel's Communications Platform

Barclays analyst Ryan Macwilliams maintains Zoom Communications (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) with a Equal-Weight and lowers the price target from $85 to $80.

Barclays Maintains Equal-Weight on Zoom Communications, Lowers Price Target to $80

JPMorgan analyst Mark R. Murphy maintained a Neutral rating on Zoom Communications Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) with a <a href="https://www.benzinga.com/quote/ZM/analyst-ratings" target="_blank" rel="noreferrer noopener">price target of $80</a>.
Zoom reported <a href="https://www.benzinga.com/news/earnings/25/02/43927169/zoom-communications-q4-earnings-eps-beat-revenue-in-line-as-company-continues-transformation-into-ai-first-company" target="_blank" rel="noreferrer noopener">fourth-quarter revenue</a> of $1.18 billion, up 3.3%, which is in-line with analyst estimates. The communications company reported fourth-quarter adjusted earnings of $1.41 per share, beating analyst estimates of $1.30 per share.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/02/43945751/huawei-boosts-ai-chip-production-despite-taiwan-semi-and-asml-ban-aims-to-challenge-nvidia-in-china" rel="noreferrer noopener">Huawei Boosts AI Chip Production Despite Taiwan Semi And ASML Ban, Aims to Challenge Nvidia In China</a>
Zoom expects first-quarter revenue of $1.162&nbsp;billion-$1.167 billion. The company sees first-quarter adjusted earnings of $1.29-$1.31 per share.
Coming into Zoom's fourth-quarter earnings, Murphy called out, as he had consistently throughout this earnings season, headwinds likely to arise from FX and the leap year dynamics, which were factors in Zoom's results.
The analyst said Zoom could see a similar upside to fourth-quarter total revenue guidance as it did in the second and third quarters and potentially continue modest growth acceleration from the third to the fourth quarter, which did not play out. The analyst also noted the fiscal 2026 Street consensus growth hurdle was achievable on a constant currency basis.
While there are puts and takes around leap year impacts, Zoom's first-blush fiscal 2026 revenue constant currency growth guidance comes in a tick below Street consensus or just about meets it under the most generous adjustments.
As a reminder, Zoom stated during its first-quarter earnings call approximately nine months ago that the second quarter would be " the low point for fiscal 2025 from a year-over-year growth perspective, and then seeing reacceleration in the back half from there."
While Zoom technically accelerated growth from 2.7% in the first half to 3.4% in the second half, Murphy said investors were hoping for consistent growth acceleration from quarter to quarter and conceivably fiscal 2026 revenue growth guidance that implies acceleration.
The company has been discussing product initiatives to drive growth for some time.
For reference, constant currency growth was 3.5% in the first quarter, 2.4% in the second quarter, 3.6% in the third quarter and 3.6% in the fourth quarter.
Zoom is now guiding fiscal 2026 total revenue growth to 3.1% constant currency and, while not necessarily raising new concerns, continues to call out a mixed aspect to the macro environment.
Zoom continues to trade at a relatively low free cash flow multiple, though admittedly heavily boosted by SBC. However, Murphy said a rerating catalyst is in and would most likely be revenue growth acceleration toward the mid-high single digits or beyond.
The analyst reiterated his positive view of Zoom's innovation track record and meaningful momentum in proliferating AI through its install base and remained constructive overall. However, the lack of a clear growth catalyst beyond a few gradually developing points that can be sketched out kept the analyst on the sidelines.
Murphy projected first-quarter revenue of $1.14 billion and adjusted EPS of $1.35.
The price target is based on ~10 times EV/calendar 2026E unlevered free cash flow (uFCF). The multiple is at a discount to Zoom Video's primary comp set of Software Vendors with mid-high single-digit calendar 2026E growth and uFCF margin of ~20% or more, which trade at ~20 times EV/calendar 2025E uFCF on average. Murphy noted a discount is warranted given Zoom's inferior FTM growth profile, FTM GAAP operating margin and competitive dynamics within the communications software market.
ZM Price Action: Zoom stock is down 9.08% at $73.74 at publication Tuesday.
Also Read:
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<li><a href="https://www.benzinga.com/25/02/43939529/international-game-technology-q4-earnings-misses-estimates-amid-jackpot-slowdown-highlights-strategic-transformation-2025-growth-outlook" target="_blank" rel="noreferrer noopener">International Game Technology Misses Q4 Earnings Estimates Amid Jackpot Slowdown</a></li>
</ul>
Photo: Courtesy Zoom

Zoom Eyes AI-Powered Growth, Analyst Highlights Innovation Momentum, Revenue Challenges

Zoom Communications Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZM#NASDAQ">ZM</a>) shares are trading lower Tuesday after the company reported fourth-quarter financial results and <a href="https://www.benzinga.com/pressreleases/25/02/g43925711/zoom-communications-reports-fourth-quarter-and-fiscal-year-2025-financial-results">issued weak guidance</a>. 
<ul>
<li>Q4 Revenue: $1.18 billion, versus <a href="https://www.benzinga.com/calendars/earnings">estimates</a> of $1.18 billion</li>
</ul>
<ul>
<li>Q4 EPS: $1.41, versus estimates of $1.30</li>
</ul>
Revenue was up 3.3% on a year-over-year basis. Enterprise revenue was up&nbsp;5.9%&nbsp;year-over-year, while online revenue fell 0.4% year-over-year.&nbsp;Zoom noted online monthly average churn was down 20 basis points to&nbsp;2.8% in the quarter. Zoom&nbsp;ended the quarter&nbsp;with approximately 192,600&nbsp;enterprise customers.
Net cash provided by operating activities was&nbsp;$424.6 million&nbsp;in the&nbsp;fourth quarter, up 20.9% year-over-year. Free cash flow came in at $416.2 million, up 25.1% year-over-year. Zoom ended the quarter with $7.8 billion in cash, cash equivalents and marketable securities.
"In FY25, Zoom AI Companion emerged as the driving force behind our transformation into an AI-first company, enabling our customers to discover enhanced productivity opportunities,&#8221; said&nbsp;Eric Yuan, founder and CEO of Zoom.
&#8220;As Zoom AI Companion becomes increasingly agentic, we look forward to continuing to help our customers fully realize the benefits of AI and discover what's possible with AI agents.&#8221;
See Also: <a href="https://www.benzinga.com/news/earnings/25/02/43937535/home-depot-lifts-annual-dividend-after-strong-q4-but-soft-2025-outlook-weighs-on-stock">Home Depot Lifts Annual Dividend After Strong Q4, But Soft 2025 Outlook Weighs On Stock</a>
Guidance: Zoom sees first-quarter revenue in the range of $1.162&nbsp;billion to $1.167 billion versus estimates of $1.175 billion. The company expects first-quarter adjusted earnings to be between $1.29&nbsp;and $1.31 per share versus estimates of $1.35 per share. 
Zoom expects full-year 2026 revenue to be in the range of $7.785 billion to $4.795 billion versus estimates of $4.81 billion. The company expects full-year adjusted earnings to be between $5.34 and $5.37 per share versus estimates of $5.36 per share.
Analyst Changes:
<ul>
<li>Needham analyst Ryan Koontz reiterated Zoom with a <a href="https://www.benzinga.com/analyst-stock-ratings">Hold rating</a>.</li>
</ul>
<ul>
<li>Stifel analyst Parker Lane maintained a Hold and lowered the price target from&nbsp;$90&nbsp;to&nbsp;$85.</li>
</ul>
<ul>
<li>Rosenblatt analyst Catharine Trebnick maintained a Buy rating and price target of&nbsp;$95.</li>
</ul>
<ul>
<li>Cantor Fitzgerald analyst Thomas Blakey reiterated a Neutral rating and price target of&nbsp;$87.</li>
</ul>
<ul>
<li>Benchmark analyst Matthew Harrigan reiterated a Buy rating and price target of&nbsp;$97.</li>
</ul>
ZM Price Action: <a href="https://www.benzinga.com/quote/ZM" target="_blank" rel="noreferrer noopener">Zoom shares</a> were down 9.08% at $73.74 at the time of publication Tuesday, according to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Photo: courtesy of Zoom.

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