SAN JOSE, California, May 9, 2026, 11:02 PDT
Zoom Communications Inc. wrapped up Friday trading just shy of the session high, with shares settling at $109.21—an uptick from Thursday’s $108.36 close. The collaboration-software stock reached $109.41 at its intraday peak, company market data indicated. That move adds a bit of steam ahead of the company’s next earnings report, now less than two weeks away.
Timing is key here. Zoom will release its fiscal first-quarter 2027 numbers after the bell on May 21, and plans to hold an investor webinar at 5 p.m. EDT. That puts the spotlight right back on revenue growth, margins, and how the company is handling its artificial intelligence push.
The report lands on the heels of a shakeup in leadership. Aparna Bawa, Chief Operating Officer, stepped down effective May 8, after letting Zoom know in March she intended to exit. In the filing, Zoom clarified Bawa’s departure wasn’t the result of a dispute with the company.
Zoom shares climbed, riding a tech-friendly week that saw both the S&P 500 and Nasdaq Composite notch fresh records Friday, buoyed by a jobs report that topped estimates. While the broader appetite for tech lifted the sector, Zoom’s narrative is more specific: the company is betting that new AI tools can inject fresh momentum into its established video-meeting business and drive more predictable enterprise growth.
The company has stuck to that angle. On May 4, Zoom rolled out its Solopreneur 50 initiative and shared survey data showing how small business owners are turning to AI to take over jobs that once required staff. “AI is decoupling growth from hiring,” said Kimberly Storin, Zoom’s chief marketing officer—a line that spells out exactly what Zoom wants investors to notice. GlobeNewswire
Zoom turned in fiscal 2026 revenue of $4.87 billion, a 4.4% increase, with enterprise revenue climbing 6.5% to $2.93 billion. Cash and marketable securities finished at $7.8 billion. CEO Eric Yuan pointed to a strategy of “durable, profitable growth.” Zoom Communications, Inc.
Wall Street isn’t exactly giving Zoom an easy ride. Out of 28 analysts tracked by MarketScreener, the average price target sits at $97.33—noticeably below Zoom’s most recent close of $109.21. Still, the consensus rating holds steady at “outperform.” MarketScreener
Here’s the core worry: Zoom faces heavyweight rivals able to roll communications features into broad, bundled deals. The company’s annual filing points to Microsoft 365 with Teams, Google Workspace with Meet, and Cisco Webex as key competitors. Zoom also flagged the threat could ramp up as AI and fresh products hit the market.
So May 21 isn’t just another quarterly report—it’s a test of the stock’s recent rally. The key: investors looking for hard proof that AI Companion, contact-center offerings, and bigger enterprise deals are actually driving paid growth, enough to balance out softness in the main meetings segment.
For the moment, Zoom is back in focus. The stock needs to prove this bounce isn’t just riding a stronger tech tape.
