On August 28, Zoom rose 5.24% in regular trading, trading at $98.74/share, with turnover of $246 million. The rebound follows the company's disclosure that its Anthropic equity stake has climbed to $3.13 billion in value, with an additional $301 million invested during the six months ending July, signaling continued expansion in its AI investment portfolio.
The rally represents a recovery from a 5%-plus decline on August 26, when Zoom's Q3 profit guidance of $1.46-$1.48 non-GAAP EPS fell short of the $1.50 analyst consensus despite a Q2 beat with $1.28 billion revenue and $1.55 adjusted EPS. Multiple positive signals supported the bounce: enterprise revenue growth hit a three-year high at 7.8% year-over-year, AI feature monthly active users surged 125%, and large customer count reached 4,625 exceeding expectations.
Analyst sentiment also provided support, with BofA initiating coverage at Buy with a $130 target, citing durable growth reacceleration as Zoom transitions into a broader AI-powered platform. RBC highlighted stronger enterprise demand and wider AI adoption as key tailwinds.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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