Zoom Communications upgraded by Needham with a new price target
$ZM
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Technology
Needham upgraded Zoom Communications from Hold to Buy and set a new price target of $100.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/6/2025 | Underweight | KeyBanc Capital Markets | |
| 5/22/2025 | $100.00 | Hold → Buy | Needham |
| 1/17/2025 | $87.00 | Neutral | Cantor Fitzgerald |
| 1/7/2025 | $70.00 → $85.00 | Underweight → Equal Weight | Wells Fargo |
| 12/19/2024 | $85.00 → $100.00 | Hold → Buy | Jefferies |
| 11/26/2024 | $70.00 → $115.00 | In-line → Outperform | Evercore ISI |
| 10/17/2024 | $80.00 → $85.00 | Outperform | Wedbush |
| 4/18/2024 | $75.00 | Neutral → Buy | Rosenblatt |
SAN JOSE, Calif., June 12, 2025 (GLOBE NEWSWIRE) -- Zoom Communications, Inc. (NASDAQ:ZM) today introduced Zoom Virtual Agent 2.0, the next evolution of the company's self-service virtual agent. Now powered by agentic AI, Zoom Virtual Agent delivers smarter, autonomous self-service experiences across chat and voice channels. "With the next generation of Zoom Virtual Agent, we're ushering in a new era of intelligent, proactive customer support, taking customers from frustration to building true connections with brands," said Chris Morrissey, General Manager of Zoom CX. "Through the agentic AI skills built into its core, Zoom Virtual Agent doesn't just respond — it takes action on behalf of
SAN JOSE, Calif., June 11, 2025 (GLOBE NEWSWIRE) -- Zoom Communications, Inc. (NASDAQ:ZM) today announced the further expansion of its industry-leading Zoom Phone service to four major metro telecom circles in India — Mumbai, Delhi NCR, Karnataka (Bengaluru), and Andhra Pradesh & Telangana (Hyderabad). The Delhi NCR Telecom Circle includes the Union Territory of Delhi, Ghaziabad, Faridabad, NOIDA, and Gurgaon. Licensed by the Department of Telecommunications (DoT) India, Zoom Phone is now available in six telecom circles in India, including Maharashtra (October 2024) and Tamil Nadu (Chennai) Telecom Circles (February 2025), thereby covering key business and technology hubs in the country.
First quarter total revenue of $1,174.7 million, up 2.9% year over year as reported and 3.4% in constant currencyFirst quarter Enterprise revenue of $704.7 million, up 5.9% year over yearFirst quarter GAAP operating margin of 20.6% and non-GAAP operating margin of 39.8%First quarter GAAP EPS of $0.81, up 18.7% year over year, and non-GAAP EPS of $1.43, up 6.0% year over yearNumber of customers contributing more than $100,000 in trailing 12 months revenue up 8.0% year over yearRepurchased approximately 5.6 million shares of common stock in Q1, up from 4.3 million shares in Q4 SAN JOSE, Calif., May 21, 2025 (GLOBE NEWSWIRE) -- Zoom Communications, Inc. (NASDAQ:ZM), today announced finan
10-Q - Zoom Communications, Inc. (0001585521) (Filer)
8-K - Zoom Communications, Inc. (0001585521) (Filer)
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KeyBanc Capital Markets initiated coverage of Zoom Communications with a rating of Underweight
Needham upgraded Zoom Communications from Hold to Buy and set a new price target of $100.00
Cantor Fitzgerald initiated coverage of Zoom Communications with a rating of Neutral and set a new price target of $87.00
First quarter total revenue of $1,174.7 million, up 2.9% year over year as reported and 3.4% in constant currencyFirst quarter Enterprise revenue of $704.7 million, up 5.9% year over yearFirst quarter GAAP operating margin of 20.6% and non-GAAP operating margin of 39.8%First quarter GAAP EPS of $0.81, up 18.7% year over year, and non-GAAP EPS of $1.43, up 6.0% year over yearNumber of customers contributing more than $100,000 in trailing 12 months revenue up 8.0% year over yearRepurchased approximately 5.6 million shares of common stock in Q1, up from 4.3 million shares in Q4 SAN JOSE, Calif., May 21, 2025 (GLOBE NEWSWIRE) -- Zoom Communications, Inc. (NASDAQ:ZM), today announced finan
Third quarter total revenue of $1,177.5 million, up 3.6% year over year as reported and in constant currencyThird quarter Enterprise revenue of $698.9 million, up 5.8% year over yearThird quarter GAAP operating margin of 15.5% and non-GAAP operating margin of 38.9%Number of customers contributing more than $100,000 in trailing 12 months revenue up 7.1% year over yearRepurchased approximately 4.4 million shares of common stock in third quarterIncreased total common stock repurchase authorization by $1.2 billion, resulting in approximately $2.0 billion remaining to be repurchased SAN JOSE, Calif., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Zoom Communications, Inc. (NASDAQ:ZM)
Second quarter total revenue of $1,162.5 million, up 2.1% year over year as reported and 2.4% in constant currencySecond quarter Enterprise revenue of $682.8 million, up 3.5% year over yearSecond quarter GAAP operating margin of 17.4% and non-GAAP operating margin of 39.2%Second quarter operating cash flow of $449.3 million, up 33.7% year over yearRepurchased approximately 4.8 million shares of common stock in Q2 SAN JOSE, Calif., Aug. 21, 2024 (GLOBE NEWSWIRE) -- Zoom Video Communications, Inc. (NASDAQ:ZM), today announced financial results for the second fiscal quarter ended July 31, 2024. "In Q2, we outperformed our guidance across the board and grew operating cash flow and free c
SAN JOSE, Calif., Oct. 01, 2024 (GLOBE NEWSWIRE) -- Zoom Video Communications (NASDAQ:ZM), today announced that Michelle Chang has been appointed as its Chief Financial Officer (CFO), effective October 7, 2024. Chang brings more than 25 years of experience in financial leadership roles, most recently serving as Corporate Vice President and CFO of Microsoft's Commercial Sales & Partner Organization. Reporting directly to Zoom's founder and CEO Eric S. Yuan, Chang will be responsible for overseeing Zoom's financial strategy, and will lead the global finance organization, including investor relations, tax, accounting and FP&A. Chang will succeed Kelly Steckelberg, who as previously announced
SAN JOSE, Calif., Aug. 26, 2024 (GLOBE NEWSWIRE) -- Zoom Video Communications, Inc. (NASDAQ:ZM) announced that it has appointed Mike Fenger, vice president Worldwide Sales, Apple, as an independent director on Zoom's Board of Directors effective immediately. "Zoom plays an important role connecting people around the world, and I'm excited to join the Board and contribute to its future success," said Mike Fenger, vice president Worldwide Sales, Apple. "Eric Yuan has built a great team and the company's dedication to driving innovative technology is inspiring. I'm really looking forward to working with them." "On behalf of Zoom's Board of Directors, I am thrilled to welcome Mike to the
SAN MATEO, Calif., Feb. 07, 2024 (GLOBE NEWSWIRE) -- Freshworks Inc., (NASDAQ:FRSH) today announced the appointment of Abe Smith as the company's Chief of Global Field Operations. He will be responsible for leading field sales worldwide as Freshworks grows upmarket and new business increasingly comes from field sales. Smith brings nearly 25 years of experience at public software companies Zoom, Oracle and Cisco (WebEx), leading teams responsible for building relationships to top enterprise customers and driving more than $1 billion in revenue. "Abe is an impressive leader who has successfully scaled field sales from local to international and mid market to enterprise. This makes him excep