Zoom gains after raising outlook on enterprise demand

Zoom Communications

22/08/2025 09:28

** Zoom Communications ZM.O gains 5.6% to $77.29 premarket

** Co raises annual revenue, profit forecasts, driven by strong Q2 results, growing demand for hybrid work solutions

** J.P.Morgan says raised outlook reflects enterprise strength, easing macro pressures

** But remains cautious due to FX and one-time gains, awaiting sustained improvement

** Co expects FY26 revenue of $4.83 bln-$4.84 bln, above its earlier projection of $4.80 bln-$4.81 bln

** Stock rated "hold" on avg; median PT is $92, per data compiled by LSEG

** ZM falls 10.26% this year, as of last close

 (Reporting by Rashika Singh in Bengaluru)

 ((Rashika.Singh@thomsonreuters.com;))