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Zoom Communications, Inc.

ZM · NASDAQ

Market closed$91.13$-1.79 (-1.93%)After hours $90.07 · -1.16%

Key statistics

Previous close$92.92
Open$91.82
Day high$92.36
Day low$89.91
52-week high$114.74
52-week low$69.15
Market cap26.72B
Volume2.75M
Average volume4.53M
P/E ratio15.09
Forward P/E13.63
EPS6.04
Dividend yield0.00%

Market context

Why it moved

Zoom Communications (ZM) shares declined as technology stocks broadly sold off, weighing on the Nasdaq, which overshadowed otherwise positive company fundamentals including strong Q1 fiscal 2027 results and a raised price target from Benchmark.

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What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026Zoom Communications shares fell nearly 2%, underperforming the broader tech sector as enterprise software stocks remained under pressure following IBM's historic earnings warning. IBM's disclosure that clients are shifting IT budgets away from software toward AI hardware infrastructure triggered a sector-wide selloff, with investors broadly reassessing software spending outlooks. The concern is compounded by a broader AI narrative shift — with questions mounting about AI's impact on software budgets — and continued heavy insider selling at Zoom, where executives including CEO Eric Yuan have made 97 sales and zero purchases over the past six months. Analyst price targets remain well above current levels, with a median target around $119, but near-term sentiment is clouded by the software sector's macro headwinds.

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July 17, 2026Zoom Communications edged up modestly, bucking a broader software sector selloff driven by chip weakness and lingering fallout from IBM's Q2 earnings miss, which spooked enterprise software investors. Investor focus remains on Zoom's compelling valuation — trading at roughly 12.9x earnings versus a software peer average near 61x — alongside Evercore's recent optimism about the company's multiple AI monetization avenues, its planned acquisition of Common Room, and a CFO meeting that reinforced confidence in near-term revenue streams. Routine insider sales by CEO Eric Yuan and CFO Michelle Chang, both executed under pre-arranged 10b5-1 plans, have drawn attention but are widely viewed as tax-driven, non-signal events, with Wall Street's median price target of $121.50 implying over 30% upside from current levels.

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July 16, 2026Zoom Communications closed modestly higher, outperforming broader software peers as investors navigated a turbulent week for the sector following IBM's historic 25% single-day collapse on preliminary Q2 results. IBM's warning — that enterprise clients were reprioritizing capex toward servers, memory, and storage over software — triggered a broad software selloff Tuesday, but Zoom's relatively defensive profile, with a 42% net margin, 7.3% free cash flow yield, and upcoming Q2 FY27 earnings on August 20, helped it weather the sector rout better than peers like ServiceNow and Workday. Separately, a wave of insider filings drew attention this week, including CEO Eric Yuan's sale of 57,824 shares and a planned 130,424-share block sale by a founder-linked revocable trust, though most transactions were executed under pre-arranged 10b5-1 plans, with Wall Street analysts maintaining a median price target of $121.50 — implying roughly 31% upside from current levels.

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July 15, 2026Zoom Communications edged lower amid a sector-wide software selloff triggered by IBM's catastrophic Q2 earnings warning, which revealed corporate budgets are being diverted from software to AI hardware infrastructure. Despite the macro headwind, Zoom drew a positive counternarrative: Evercore expressed confidence in the company's 'multiple' AI monetization pathways following a meeting with CFO Michelle Chang, and analysts continue to highlight Zoom's AI product expansion—including ZoomMate and the standalone Virtual Agent Receptionist—as growth catalysts. Insider selling from both CFO Chang and a trust linked to CEO Eric Yuan added modest overhang.

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July 14, 2026Zoom Communications rose nearly 2.4%, outperforming a broadly weaker software sector, as investor attention remains anchored to the company's ~$1.3 billion stake in Anthropic—whose explosive revenue growth trajectory is increasingly seen as a hidden value driver for ZM. The session unfolded against a challenging macro backdrop, with U.S.-Iran tensions rattling chip stocks and pressuring the Nasdaq, while Citi's Q2 software preview highlighted a 'K-shaped divergence' favoring AI infrastructure platforms over traditional application software—a category Zoom must continue to differentiate itself from heading into earnings season.

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July 11, 2026Zoom Communications closed essentially flat, holding steady amid a mixed technology session as investors continue to weigh the company's evolving AI narrative. The stock remains underpinned by bullish sentiment around its ~$1.3 billion stake in Anthropic ahead of the AI firm's anticipated IPO, while the July 9 launch of a standalone Zoom Virtual Agent Receptionist — bringing AI-powered call handling to any phone system without requiring Zoom Phone — signals continued product expansion. Recent Seeking Alpha analyses frame ZM as a 'Strong Buy,' citing its fortress balance sheet and underappreciated AI assets, even as competition from Microsoft Teams and broader SaaS sector headwinds persist.

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July 10, 2026Zoom Communications rose nearly 3%, outperforming the broader technology sector (XLK closed flat) amid a volatile macro backdrop driven by US-Iran escalation. Investor focus is increasingly on Zoom's underappreciated Anthropic stake — now valued at ~$1.3 billion — with fresh Seeking Alpha analysis urging investors to buy before the market fully prices in that position. Today's session also saw Zoom launch a standalone Virtual Agent Receptionist, extending its AI-powered product lineup beyond the ZoomMate workspace unveiled in June. While competition from Microsoft Teams and Google Workspace remains a persistent concern, analysts see a compelling value proposition in Zoom's strong cash generation, share buybacks, and deepening AI integration.

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July 9, 2026Zoom Communications rose roughly 2% on July 8, outperforming a broader market weighed down by geopolitical risk from the breakdown of the U.S.-Iran ceasefire and a semiconductor-driven Nasdaq selloff. The stock drew multiple bullish Seeking Alpha analyses published today, with investors focused on Zoom's undervalued AI narrative — including its ~$1.3 billion stake in Anthropic ahead of a closely watched IPO, the pending acquisition of AI-native GTM platform Common Room, and a new identity verification partnership with World to combat deepfakes. With software names broadly outperforming chip stocks in Tuesday's rotation, Zoom benefited from renewed investor interest in enterprise software trading at a steep discount to peers.

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Investing.com · July 15, 2026Zoom communications CEO Eric Yuan sells $5.29m in stockInvesting.com · May 23, 2026Zoom secures $1B return on 2023 Anthropic investment ahead of new funding round By Investing.comInvestor's Business Daily · May 21, 2026Zoom Stock: Zoom Earnings, Revenue Top Estimates On Strong Enterprise GrowthGlobeNewswire · May 21, 2026Zoom Communications Reports Financial Results for the First Quarter of Fiscal Year 2027
Mt Newswire · July 16, 2026Zoom Communications Insider Sold Shares Worth $5,289,061, According to a Recent SEC Filing
Benzinga · July 8, 2026Mark Kelly Says 'AI Is Becoming Part of Their Daily Lives' as New 'Aging With AI Act' Studies Chatbots' Impact on Seniors
Mt Newswire · July 2, 2026Zoom Communications to Acquire Common Room
Benzinga · July 2, 2026Zoom Communications To Acquire AI Go-To-Market Intelligence Platform Common Room; Financial Terms Not Disclosed
Mt Newswire · June 30, 2026Zoom Communications' Tiered AI Strategy Seen as Key Driver of Future Growth, RBC Says
Benzinga · June 22, 2026Zoom Communications Rolls Out New AI Capabilities For Zoom Virtual Agent
Mt Newswire · June 5, 2026Zoom Communications Insider Sold Shares Worth $2,639,028, According to a Recent SEC Filing
Mt Newswire · May 26, 2026UBS Adjusts Zoom Communications Price Target to $105 From $85, Maintains Neutral Rating

Peers

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