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Zoom lowers 2026 outlook to $4.79b due to competition
Zoom Communications Inc revised its revenue forecast for the fiscal year ending January 2026 to US$4.79 billion, slightly below analysts’ US$4.81 billion estimate.
The company expects earnings per share of US$5.34 to US$5.37, missing the average forecast of US$5.37, leading to a share price drop in extended trading.
Following this announcement, Zoom’s shares fell in extended trading after closing at US$81.10 in New York. Despite the decline, the stock has increased by 28% over the past year.
To drive growth, Zoom is expanding beyond videoconferencing with phone systems, a contact center app, and AI-driven assistants, though analysts remain cautious.
Recent Zoom developments
| Timeline |
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26-Nov-2024 📉 Zoom stock drops despite Q3 earnings beat
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02-Oct-2024 📈 Zoom names Microsoft veteran Chang as CFO
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29-Dec-2023 🚗 Zoomcar closes SPAC deal, eyes immediate trading on Nasdaq
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04-Oct-2023 🚗 Zoomcar expects SPAC deal to close in Q4 this year
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24-May-2023 🚗 Zoomcar exits Vietnam amid unfavorable market
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