Zoom Communications, Inc.

Сильный индекс, значительно упал. Быки в растерянности.

Strong index, significantly down. The bulls are confused.

Сильный индекс, значительно вырос. Рынок на стороне быков.

Strong index, significantly up. The market is on the bulls' side.

Сильный индекс, значительно вырос. Приток средств в лонги на высоком уровне.

Strong index, significantly up. Inflow of funds into longs at a high level.

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the JP Morgan US Tech Leaders ETF (Symbol: JTEK) where we have detected an approximate $312.4 million dollar outflow -- that's a 6.8% decrease week over week (from 46,450,000 to 43,300,000). Among the largest underlying components of JTEK, in trading today Take-Two Interactive Software, Inc. (Symbol: TTWO) is off about 0.6%, Zoom Communications Inc (Symbol: ZM) is off about 0.8%, and ON Semiconductor Corp (Symbol: ON) is lower by about 2.9%. For a complete list of holdings, visit the JTEK Holdings page » The chart below shows the one year price performance of JTEK, versus its 200 day moving average:
Looking at the chart above, JTEK's low point in its 52 week range is $75.255 per share, with $111.82 as the 52 week high point — that compares with a last trade of $97.88. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Further JTEK Research:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Notable ETF Outflow Detected - JTEK, TTWO, ZM, ON

Key Points
The CEO disposed of 57,824 shares for a total transaction value of ~$5.3 million based on weighted-average pricing.
The sale represented 72% of the insider's total Class A equity holdings as of July 14, 2026.
Activity was executed indirectly through the 2018 Yuan and Zhang Revocable Trust following the exercise of derivative securities.
The transaction was conducted under a Rule 10b5-1 trading plan adopted on June 20, 2025, indicating a pre-scheduled liquidity event.
Eric S. Yuan, Chief Executive Officer of Zoom Communications, Inc. (NASDAQ:ZM), reported a sale of Class A Common Stock on July 13, 2026 and July 14, 2026. SEC Form 4 filing
Transaction summary
Shares traded (indirectly held)
57,824
Transaction value
$5.3 million
Post-transaction shares (indirectly held)
22,998
Post-transaction value
$2.1 million
Transaction value based on SEC Form 4 weighted average sale price ($91.47); post-transaction value based on July 14, 2026 market close ($91.15).
Key questions
What were the specific mechanics of this transaction?
The transaction involved the exercise of 57,824 options that were immediately sold as shares. These sales were executed in multiple tranches at weighted-average prices ranging from $88.93 to $93.10. The activity was conducted via the 2018 Yuan and Zhang Revocable Trust, for which Eric S. Yuan and his spouse serve as cotrustees.
How does this sale impact the insider's total economic interest?
While the sale reduced the CEO's Class A common stock position by 72%, it represents a small fraction of his total beneficial ownership. Beyond the remaining 22,998 shares of Class A stock, the insider retains a significant interest through 41.4 million indirect derivative securities, which include Class B Common Stock convertible into Class A Common Stock.
What is the recent performance context for the company?
The transaction occurred after a period of positive momentum, with the stock delivering a 22% one-year total return as of the July 14, 2026 transaction date. With a market capitalization of $26.7 billion and trailing twelve-month net income of $2.1 billion, the company maintained a robust financial profile at the time of the sale.
Does this transaction signal a change in management's outlook?
The use of a Rule 10b5-1 trading plan, adopted more than a year prior on June 20, 2025, suggests this was a routine portfolio management decision rather than a response to recent market developments or near-term internal projections. Such plans are designed to allow insiders to diversify their holdings at predetermined intervals to avoid concerns regarding material non-public information.
Company Overview
Share Price (as of market close 2026-07-14)
$91.15
Market Capitalization
$26.7 billion
Revenue (TTM)
$4.9 billion
Net Income (TTM)
$2.1 billion
Company Snapshot
Zoom Communications provides a comprehensive unified communications platform that enables video conferencing, messaging, and collaboration services, generating revenue primarily through subscription-based licensing models and cloud services.
The company operates on a software-as-a-service (SaaS) business model, monetizing its platform through tiered subscription plans for individual users, small businesses, and enterprise customers seeking integrated communication solutions.
Zoom serves a diverse customer base spanning individual professionals, small and medium-sized enterprises, and large multinational corporations across all major geographic regions including the Americas, Asia Pacific, and Europe, the Middle East, and Africa.
Zoom Communications represents a leading global provider of unified communications and collaboration solutions with a market capitalization of $26.7 billion and TTM revenues of $4.9 billion. The company maintains a significant competitive advantage through its user-friendly platform architecture, extensive integration ecosystem, and strong brand recognition established since its 2011 founding. With 7,438 employees and operations across three primary geographic regions, Zoom has demonstrated substantial profitability, generating $2.1 billion in net income on a TTM basis, reflecting the scalability and operational efficiency of its cloud-based business model.
What this transaction means for investors
On the surface, Yuan’s sale of Zoom shares looks like a routine exercise of shares. As a sale performed under the Rule 10b5-1 plan, this was a pre-planned transaction rather than a sale driven by concerns about the stock.
As previously mentioned, Yuan still owns 41.4 million indirect derivative securities, so the 67% reduction in his common stock holdings is probably not as meaningful as it might appear.
Moreover, investors should remember that Yuan is the founder and CEO. Hence, any explicit sign of him turning bearish on the SaaS stock could lead to a massive share sale.
Nonetheless, the stock price has traded in a range since its massive pullback after the post-pandemic surge in 2020. This means it has dramatically underperformed the S&P 500, and knowing that, one might wonder whether Yuan is truly bullish on Zoom stock.
Since Yuan is unlikely to speak out against his company’s stock, the best thing that investors can do is watch his behavior. If investors keep seeing more filings, it might be a sign to not buy shares of Zoom stock.
Should you buy stock in Zoom Communications right now?
Before you buy stock in Zoom Communications, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Zoom Communications wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $370,332!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,272,280!*
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*Stock Advisor returns as of July 22, 2026.
Will Healy has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Zoom Communications. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Zoom CEO Eric Yuan Sells 57,824 Shares for $5.3 Million

Microsoft MSFT is reshaping how it charges for Teams, and the shift carries real implications for the stock. Effective April 1, 2026, the company moved a broad set of previously Premium-only features, including town hall and webinar tools, streaming chat, real-time event insights and immersive 3D events, into the base Teams Enterprise license, while narrowing Teams Premium to a smaller set of security, branding and AI-driven capabilities still priced at $10 per user per month. To offset lost Premium revenues from smaller events, Microsoft introduced Attendee Capacity Pack licenses, letting organizations scale events up to 100,000 participants without full per-seat licensing, alongside a new Teams Shared Space license tied to physical desks rather than users. Teams Live Events will be fully retired by June 30, 2026, pushing remaining customers toward the new unified events framework.
These product changes sit against a backdrop of solid underlying performance. In the third quarter of fiscal 2026, ended March 31, Microsoft's Productivity and Business Processes segment, which houses Teams and Microsoft 365 Commercial, grew revenues by $5.1 billion, or 17%, with Microsoft 365 Commercial cloud revenues up 19% on higher revenue per user driven by E5 and Copilot adoption. Total company revenues reached $82.9 billion, up 18%. For the fourth quarter, Microsoft guided to Commercial cloud growth of 15% to 16% in constant currency on an adjusted basis, with sequential increases in net paid seat adds expected to lift ARPU further.
The bet is that broader feature access drives seat expansion and stickiness even as some Premium seats get trimmed at renewal, a trade-off management has not fully quantified. The coming renewal cycles, combined with reported net paid seat adds and ARPU trends in subsequent quarters, will offer the clearest read on how the restructured Teams pricing model is translating into actual monetization for Microsoft's Productivity and Business Processes segment.
How Zoom and Salesforce Approach Collaboration Monetization
Microsoft's Teams repackaging invites comparison with how Zoom Communications ZM and Salesforce CRM monetize collaboration tools. Zoom continues to lean on tiered per-seat plans alongside add-ons like Zoom Phone and AI Companion, rather than folding premium features into lower tiers the way Microsoft has done with Teams Enterprise. Salesforce, through Slack, similarly maintains distinct paid tiers rather than broadly redistributing premium capabilities. Compared with Zoom and Salesforce, Microsoft's move to widen base-tier access while narrowing Premium reflects a different monetization philosophy, one that Zoom and Salesforce have so far not mirrored in their own collaboration product lines.
MSFT’s Share Price Performance, Valuation & Estimates
MSFT shares have lost 15.3% in the past six-month period compared with the Zacks Computer – Software industry’s decline of 19.8%. The Zacks Computer and Technology sector has appreciated 14.1% in the same time frame.
MSFT’s 6-Month Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, MSFT stock appears overvalued, trading at a forward 12-month price/earnings ratio of 19.82X, higher than the industry’s 18.95X. MSFT has a Value Score of C.
MSFT’s Valuation
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for MSFT’s fiscal 2026 earnings is pegged at $17.33 per share. The estimate indicates 27.05% year-over-year growth.
Microsoft Corporation Price and Consensus
Microsoft currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Does Microsoft Stock Present an Opportunity via Teams Monetization?

Key Points
The disposition of 58,655 shares was executed at $86.38 per share on July 8 and July 9, 2026, totaling approximately $5.1 million.
The transaction reduced the insider's indirect equity holdings by 51%.
All transacted shares were held indirectly via the 2018 Yuan and Zhang Revocable Trust.
Eric S. Yuan, Chief Executive Officer, reported a disposition of 58,655 shares of Zoom Communications, Inc. (NASDAQ:ZM) for approximately $5.1 million, according to an SEC Form 4 filing.
Transaction summary
Shares sold (indirectly held)
58,655
Transaction value
$5.1 million
Post-transaction shares (indirectly held)
56,622
Post-transaction value
$5.1 million
Transaction value based on SEC Form 4 weighted average sale price ($86.38); post-transaction value based on July 9, 2026 market close ($89.88).
Key questions
What was the motivation for this disposition?
The sale was non-discretionary and was executed specifically to cover tax withholding obligations associated with the vesting of restricted stock units (RSUs). This technical transaction does not represent a discretionary exit or a change in the CEO's fundamental outlook on the company.
What is the extent of the insider's remaining equity exposure?
Eric Yuan maintains substantial economic interest in the company through 56,622 shares held indirectly in the 2018 Yuan and Zhang Revocable Trust and over 21.2 million derivative securities across direct and indirect holdings. This includes approximately 20.7 million indirect derivative securities held through the same family trust.
How does the transaction timing align with recent stock performance?
The shares were withheld at a weighted average price of $86.38 during a period where the stock closed at $89.88 as of July 9, 2026. This occurred against a backdrop of a 16% share price appreciation over the preceding 12 months.
What are the terms of the underlying equity awards?
The shares originated from several restricted stock unit grants dating back to July 2022, July 2023, and April 2026. These awards follow structured quarterly vesting schedules spanning three to four years, suggesting a regular cadence of similar tax-related dispositions may occur as future tranches vest.
Company Overview
Share Price (as of market close 2026-07-09)
$89.88
Market Capitalization
$26.4 billion
Revenue (TTM)
$4.9 billion
Net Income (TTM)
$2.1 billion
Company Snapshot
Zoom Communications provides a comprehensive unified communications platform that enables video conferencing, messaging, and collaboration capabilities, generating revenue primarily through subscription-based licensing models and usage-based services across enterprise and consumer segments.
The company operates a Software-as-a-Service (SaaS) business model, monetizing its platform through tiered subscription plans, premium features, and add-on services that serve organizations of varying sizes and complexity requirements.
Zoom's customer base encompasses enterprises, small and medium-sized businesses, educational institutions, and individual users globally, with particular strength in the enterprise segment where organizations require scalable, secure communication infrastructure.
Zoom Communications operates at significant scale with a market capitalization of $26.4 billion and TTM revenues of $4.9 billion, reflecting its position as a leading provider of unified communications solutions. The company maintains a global operational footprint organized across three primary regions — the Americas, Asia Pacific, and EMEA — enabling it to serve diverse markets with localized support and compliance capabilities.
Founded in 2011 by Eric Yuan and headquartered in San Jose, California, Zoom has established a competitive advantage through its intuitive user interface, reliable platform performance, and comprehensive feature set that addresses the evolving demands of hybrid and remote work environments.
What this transaction means for investors
Given that the July 8 and July 9 sale of Zoom shares by CEO Eric Yuan were executed to fulfill tax withholding obligations from the vesting of RSUs, these dispositions are not a cause for investor concern. He also has 20.7 million Class B shares in his family trust that can be converted into common stock, illustrating the sizable equity stake he maintains in the company.
Zoom shares are up this year thanks in part to solid business performance, but more likely due to the company’s stake in Anthropic, a prominent artificial intelligence business that is expected to have a highly-anticipated IPO in 2026.
Zoom’s revenue hit $1.2 billion, a 5.5% year-over-year increase, in its fiscal first quarter ended April 30. Of that, $755.7 million came from enterprise customers, representing a jump up of 7.2% year over year. It’s encouraging to see the company achieve stronger sales growth among its business customers, which bodes well for Zoom’s future now that its impressive pandemic-related growth phase is long gone.
Should you buy stock in Zoom Communications right now?
Before you buy stock in Zoom Communications, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Zoom Communications wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $407,004!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,244,599!*
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*Stock Advisor returns as of July 11, 2026.
Robert Izquierdo has positions in Zoom Communications. The Motley Fool has positions in and recommends Zoom Communications. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Zoom's CEO Sold Company Stock Worth $5.1 Million. What Does That Mean for Investors?

Key Points
Salesforce fell along with the rest of the software sector, due to fears over disruption from increasingly capable AI models and tools.
However, Salesforce isn't standing still, boosting its Agentforce tools and making several AI-focused acquisitions in the first half.
Management also displayed its confidence with a massive accelerated share repurchase.
Shares of enterprise software giant Salesforce (NYSE: CRM) fell 40.9% in the first half of 2026, according to data from S&P Global Market Intelligence.
Salesforce, like many other software-as-a-service stocks, experienced a violent sell-off to start 2026, despite reporting relatively solid financial results. This was due to the first quarter's "SaaS-pocalypse," in which the rapid adoption of Anthropic's Claude Code tools and open-source agents such as OpenClaw ushered in the era of agentic AI.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Agentic AI's improving capabilities spurred investors to sell software stocks, as fears emerged that these new AI leaders could disrupt traditional enterprise software.
However, Salesforce countered the threat with a slew of acquisitions and a massive buyback program.
How Salesforce is countering the agentic threat
At first glance, it's a bit of a head-scratcher as to why Salesforce fell as much as it did. Salesforce beat revenue and earnings expectations on each of its earnings reports during the first half. Moreover, the company raised the lower end of fiscal 2027 guidance, remaining performance obligations continued to rise, and management even provided a long-term fiscal 2030 revenue guidance of $63 billion. That's about 37% above this year's revenue outlook of $46 billion, and would amount to roughly an 11% annualized growth rate over three years.
Investors appeared to doubt that long-term projection, however, as artificial intelligence labs released ever-more powerful models. In February, Anthropic released industry-specific plugins for its latest Claude model. These advanced tools indicated Anthropic was muscling into the territory of traditional software. The result was widespread selling across the software sector, from which Salesforce wasn't spared.
But there are several ways Salesforce is pivoting to the new agentic AI reality. First, Salesforce introduced its own AI agents back in late 2024, a suite of automation tools called Agentforce. Agentforce has grown rapidly, already reaching a $3.4 billion annualized run rate. However, that total still only accounts for about 7.5% of this year's revenue guidance. So while Agentforce's growth is positive, it's still relatively small, and wouldn't necessarily offset deterioration in the rest of the business.
To augment its AI capabilities, Salesforce also made several "tuck-in" acquisitions during the first half of the year. In February, Salesforce announced the acquisition of Momentum Boost, a platform that enables the ingestion and analysis of unstructured data, including Zoom Communications video calls. In June, Salesforce announced the acquisition of M3ter, a metering and billing company that facilitates consumption-based pricing. If agents begin replacing more humans in corporate environments, one way software companies can continue to grow will be through consumption-based pricing, rather than "seat" based subscription pricing. So the M3ter buy could be consequential to that transition.
But the most consequential acquisition of the first half was Salesforce's $3.6 billion acquisition of Fin, a software company formerly known as Intercom. Fin is a customer service AI chatbot, and the company has already successfully pivoted from a traditional software subscription business to an agentic AI business that charges customers only for successful, fully automated outcomes. Moreover, Fin has built its own custom model, Apex, specifically for the customer service vertical, freeing Fin from having to pay Anthropic or OpenAI for its underlying intelligence.
Despite the decline, management remains confident
Will all these efforts enable Salesforce to adapt and thrive in an AI future? Only time will tell. However, Salesforce appears confident. During the first half, CEO Marc Benioff repeatedly said, in interviews and on earnings calls, that AI presents a massive growth opportunity for Salesforce rather than a disruption risk.
Not only did Benioff sound confident, but he and Salesforce's management team backed that sentiment up with a massive $25 billion accelerated share repurchase in March, part of a $50 billion total repurchase authorization. That repurchase quickly reduced Salesforce's shares outstanding by 10% over just a few days, though it also increased the company's debt load.
Despite a slight recent bounce in the stock, Salesforce shares still trade at less than 12 times this year's adjusted earnings per share estimates. That's a bargain if Salesforce can continue to survive and grow in the AI era; however, the answer to that overhanging question won't be answered for quarters, if not years.
Should you buy stock in Salesforce right now?
Before you buy stock in Salesforce, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Salesforce wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $407,651!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,252,823!*
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*Stock Advisor returns as of July 10, 2026.
Billy Duberstein and/or his clients have positions in Salesforce. The Motley Fool has positions in and recommends Salesforce and Zoom Communications. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Why Salesforce Plunged Over 40% in the First Half of 2026

Key Points
Initial public offering (IPO) mania is taking hold on Wall Street, with SpaceX etching its name in the record books four weeks ago.
Anthropic confidentially filed for an IPO with regulators on June 1, paving the way for what could be a trillion-dollar public debut.
Three of Anthropic's earliest investors have enjoyed otherworldly returns on their invested capital.
Move over, artificial intelligence (AI) -- initial public offering (IPO) mania is taking over Wall Street. Roughly four weeks ago, Elon Musk's Space Exploration Technologies (SpaceX) etched its name in the record books when it debuted, raising $85.7 billion (including the underwriters' overallotment) and nearly tripling Saudi Aramco's capital raise in December 2019.
Anthropic appears to be next. The developer of the Claude large language models is approaching a trillion-dollar valuation in private markets and confidentially filed for an IPO with regulators on June 1. When Anthropic does go public, three of its earliest investors, Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG), Amazon (NASDAQ: AMZN), and Zoom Communications (NASDAQ: ZM), will be sitting on windfall profits.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Alphabet
Though investors know Alphabet as the brainchild behind globally dominant internet search engine Google, popular streaming platform YouTube, and the world's No. 3 cloud infrastructure services platform Google Cloud, it's also a remarkable early stage investor. For example, the $900 million Google invested in SpaceX in January 2015 is worth approximately $104.6 billion, as of the closing bell on July 2.
Alphabet was also an early investor in Anthropic. It scooped up a 10% stake in the company for $300 million in April 2023 and invested an additional $2 billion in October 2023, with $500 million paid upfront. In April of this year, Alphabet announced a whopping $40 billion add-on investment, with $10 billion upfront and $30 billion dependent on performance milestones.
MOST PEOPLE HAVE NO IDEA HOW GOOD OF AN INVESTOR GOOGLE IS
6% OF SPACEX
14% OF ANTHROPIC
75% OF WAYMO
$900M INTO SPACEX IN 2015 →
NOW WORTH $115B
$13B INTO ANTHROPIC → NOW WORTH $140B
WAYMO JUST RAISED $16B AT A $126B VALUATION → GOOGLE'S STAKE WORTH ~$95B.
THOSE THREE... https://t.co/faLFBIeqq5
-- GURGAVIN (@gurgavin) June 13, 2026
All told, Alphabet holds a 14% stake in Anthropic that, at a $965 billion private-market valuation, is worth about $135.1 billion.
Amazon
"Magnificent Seven" member Amazon is another juggernaut that Wall Street knows best as a dual-industry leader. Its e-commerce marketplace is globally dominant, and Amazon Web Services (AWS) is the largest cloud infrastructure services platform by total spend.
But Amazon also has incredible investment chops. It initially invested $1.25 billion in Anthropic in September 2023, followed up with a $2.75 billion add-on investment in March 2024, and deployed another $4 billion in November 2024. In April 2026, it agreed to pour another $25 billion in Anthropic, in return for Anthropic spending more than $100 billion on AWS technologies over the next decade.
As of Amazon's first-quarter operating results, the company held $74.2 billion in combined Anthropic preferred stock and convertible notes, implying that its initial investment of $8 billion had grown more than ninefold.
Zoom Communications
Although it's not on the same level as Alphabet or Amazon, Zoom Communications should also expect a windfall profit once Anthropic goes public.
Most investors remember Zoom as arguably the biggest beneficiary of the COVID-19 pandemic. Employees working from home fostered demand for virtual conferences and communication, making Zoom's video conferencing platform an instant hit.
However, Zoom's biggest hit might be its early investment in Anthropic via Zoom Ventures. While Zoom never fully disclosed how much it invested in Anthropic, Zoom Ventures was named in Anthropic's Series C funding round in May 2023. Zoom also disclosed $51 million for strategic investments in its fiscal quarter ending July 31, 2023.
According to a May filing by Zoom, its initial investment in Anthropic has ballooned to almost $1.3 billion, leading to an estimated windfall profit of more than $1.2 billion.
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Before you buy stock in Alphabet, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Alphabet wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $410,833!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,208,693!*
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*Stock Advisor returns as of July 9, 2026.
Sean Williams has positions in Alphabet and Amazon. The Motley Fool has positions in and recommends Alphabet, Amazon, and Zoom Communications. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Anthropic's IPO Will Lead to Windfall Profits for These 3 Early Investors

(RTTNews) - Thursday, Zoom Communications, Inc. (ZM) announced an agreement to acquire Common Room, an AI-native Go-to-Market intelligence platform, as a natural extension to Zoom Revenue Accelerator, the company's revenue orchestration platform. The financial terms of the deal were not disclosed.
Following the acquisition, Common Room services are expected to boost Zoom Revenue Accelerator, helping revenue teams to reach the right person at the right moment with the right message at every stage of a deal.
The transaction is anticipated to close in the coming weeks.
In the pre-market hours, ZM is trading at $89.90, down 0.26 percent on the Nasdaq.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Zoom Communications Agrees To Buy Common Room To Boost Its Revenue Orchestration Platform

Key Points
Low growth rates have been pretty consistent, which doesn't offer much optimism for a rally.
Google and Microsoft have their own video conferencing products that keep Zoom's growth in check.
The stock has a high PEG ratio, which is more important than the stock's low P/E ratio.
Zoom Communications (NASDAQ: ZM) dropped by more than 20% over the past month. The pandemic bubble popped for the video conferencing company in 2021, and it looks like the stock will never reclaim those levels. The current drop doesn't seem to be over. Here's why investors shouldn't buy Zoom on the dip.
Some valuation metrics are more important than others
A 12.7 P/E ratio looks attractive on the surface. Zoom commanded a P/E ratio in the 20s for most of 2025, but growth rates have also shrunk over the years. Zoom's revenue has a five-year compound annual growth rate (CAGR) of 12.9%, but only a 3.5% CAGR over the past three years.
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Revenue growth rates have steadily dropped since the pandemic, when Zoom was necessary for day-to-day communication. Zoom isn't going to get the catalyst of global lockdowns again, so it's easy to interpret its pandemic success as a one-off event.
The stalling of Zoom's revenue growth highlights the importance of looking at the PEG ratio instead of the P/E ratio. While the P/E ratio measures a stock's price compared to its earnings, the PEG ratio also includes growth rates. Zoom currently has a 4.2 PEG ratio, while a fairly valued stock typically has a 1.0 PEG ratio. Anything higher than that is usually overvalued.
It doesn't get any better
Zoom reported 5.5% year-over-year revenue growth in its fiscal 2027 first quarter, ended April 30. Its high-growth days are over, and guidance for upcoming results reflects this reality. Zoom anticipates $1.265 billion to $1.27 billion for its fiscal 2027 Q2 revenue. The high end of guidance only implies a 4% year-over-year increase.
Zoom also anticipates $5.085 billion in full-year fiscal 2027 revenue at the midpoint of guidance, which would be a 4.4% year-over-year jump. These aren't eye-catching numbers, and while a P/E ratio of 12.7 suggests setting a low bar, the PEG ratio truly captures how overvalued the stock is.
The most important red flag with Zoom is that it has become a commodity. Nvidia commands a high valuation because no one can produce similar GPUs. However, Zoom has several competitors that offer very similar experiences. Google Meet and Microsoft Teams are two viable competitors that have more generous features for free accounts and lower prices for paid plans.
Zoom's entire business model revolves around video conferencing. There are other options in the industry, and with few ways to innovate in video conferencing, Zoom doesn't have many options to generate sizable growth rates moving forward.
Should you buy stock in Zoom Communications right now?
Before you buy stock in Zoom Communications, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Zoom Communications wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $392,713!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,227,782!*
Now, it’s worth noting Stock Advisor’s total average return is 897% — a market-crushing outperformance compared to 208% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of June 24, 2026.
Marc Guberti has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Microsoft, Nvidia, and Zoom Communications. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Can the Zoom Dip Get Even Worse?

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the VictoryShares Free Cash Flow ETF (Symbol: VFLO) where we have detected an approximate $2.0 billion dollar inflow -- that's a 26.8% increase week over week in outstanding units (from 164,010,000 to 208,000,000). Among the largest underlying components of VFLO, in trading today The Cigna Group (Symbol: CI) is up about 0.8%, Omnicom Group, Inc. (Symbol: OMC) is up about 1.1%, and Zoom Communications Inc (Symbol: ZM) is lower by about 1.7%. For a complete list of holdings, visit the VFLO Holdings page » The chart below shows the one year price performance of VFLO, versus its 200 day moving average:
Looking at the chart above, VFLO's low point in its 52 week range is $34.11 per share, with $48.24 as the 52 week high point — that compares with a last trade of $45.17. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Further VFLO Research:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

VFLO, CI, OMC, ZM: ETF Inflow Alert

Key Points
Investors are keen to get in on the ground floor of the biggest IPO in history.
The history of IPOs shows that the first day may not be the best time to get in on the action.
The SpaceX IPO is unique in many ways, and investors should understand what they're in for.
This year is shaping up to be a historic in terms of companies going public. Artificial intelligence (AI) start-ups Anthropic and OpenAI plan their initial public offerings (IPOs) this year, but unquestionably, the biggest debut is expected to be SpaceX. The company is looking to raise $75 billion in its offering, which will dwarf previous records by a wide margin.
The hype machine is ramping up at dizzying proportions, and that's understandable. The chance to get in on the ground floor and ride the rocket maker to new heights is certainly a tempting proposition. So, should investors buy SpaceX on IPO day? Let's see what lessons we can glean from history.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
Ready for launch
Before we address the question at hand, it's worth looking at what the SpaceX offering will entail and what investors will get for their money.
In the company's latest S-1 filing with the Securities and Exchange Commission, Space Exploration Technologies Corp. (aka SpaceX) revealed it will offer 555,555,555 shares of Class A common stock at an IPO price of $135 per share, raising roughly $75 billion and valuing the company at $1.77 trillion. The stock will be listed on the Nasdaq exchange using the symbol "SPCX."
SpaceX has three distinct business segments: rocket launch, satellite internet, and artificial intelligence (AI).
The most high-profile of the three is the rocket launch business, which has launched roughly 650 Falcon rockets with a 99% success rate. It also pioneered "reusable" rockets, making space travel more cost-effective.
The company also boasts the largest network of broadband and mobile satellites in Low-Earth orbit, with approximately 9,600 Starlink satellites, delivering service to millions of customers in 164 countries.
Last but not least is the company's AI segment, including Grok AI, thanks to the recent merger with xAI. SpaceX has ambitious plans to build and launch solar-powered orbital data centers, which it believes will offer "far greater scale and efficiency than terrestrial alternatives."
Late last week, SpaceX revealed in a regulatory filing that it had reached a deal with Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG), under which the Google-parent will pay $920 million per month between Oct. 2026 and June 2029 for compute capacity, for a deal valued at $30 billion. This comes on the heels of a similar deal reached with Anthropic, which is paying SpaceX $1.25 billion per month.
The company's financial results are intriguing. In 2025, SpaceX generated revenue of $18.7 billion, up 33% year over year, but recorded a net loss of $4.9 billion under Generally Accepted Accounting Principles (GAAP). On an adjusted basis, the company's results look more appealing, with adjusted EBITDA of $6.6 billion, though this ignores stock-based compensation, depreciation, and amortization, among other very real business expenses.
These financials don't include the recently inked agreements, which will no doubt improve its financial position.
What history says
While there are plenty of reasons to be excited about the SpaceX IPO, a look at history can be instructional, as the past is rife with examples of stocks that fell significantly in the wake of their public offerings.
Sam Grelck, equity strategy analyst at Truist, reviewed data from the 30 biggest IPOs of the past 15 years, and his findings are telling. More than half of these stocks were underwater after the first week, and also at 12 months post-IPO, with 17 of 30 stocks in the red. The best-performing stock in the group was Palantir Technologies (NASDAQ: PLTR), which was up 153% after the first year but shed 53% of its value at one point during the year. Robinhood Markets (NASDAQ: HOOD) had the worst track record, losing 74% in the first year, after falling as much as 90%. The full data is illustrated in the chart below.
In nearly every case, the first year was a rocky one for these newly listed companies, which serves as a stark reminder for investors. Recently minted stocks can be particularly volatile, so IPO investing isn't for the faint of heart.
A couple of other caveats for thoughtful investors. While the offering price is $135 per share, retail investors may not be able to get that price. The hype ahead of the SpaceX launch has reached a fever pitch, which could drive the stock price up from the moment it begins trading, causing investors to pay a much higher price.
Furthermore, while investors will be able to own SpaceX stock, make no mistake about who will be in control. Founder and CEO Elon Musk will control 82% of the company's voting power, leaving retail investors with little say in matters requiring shareholder approval.
Last, but certainly not least, if SpaceX achieves its $1.77 trillion valuation, the stock would be selling for roughly 95 times sales, a premium valuation to be sure.
For investors who are still determined to buy the SpaceX IPO, it should be a small part of a well-balanced portfolio. It may also be worth waiting for the inevitable stock price fall to buy at a more reasonable price.
Should you buy stock in Alphabet right now?
Before you buy stock in Alphabet, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Alphabet wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $443,191!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,258,838!*
Now, it’s worth noting Stock Advisor’s total average return is 941% — a market-crushing outperformance compared to 206% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of June 8, 2026.
Danny Vena, CPA has positions in Alphabet, Cloudflare, Coupang, CrowdStrike, Datadog, Meta Platforms, MongoDB, Okta, Palantir Technologies, Shopify, Snowflake, and Twilio. The Motley Fool has positions in and recommends Airbnb, Alphabet, Block, Cloudflare, CrowdStrike, Datadog, DoorDash, Dropbox, Lyft, Meta Platforms, MongoDB, Okta, Palantir Technologies, Pinterest, Roblox, Shopify, Snowflake, Spotify Technology, Twilio, Uber Technologies, and Zoom Communications. The Motley Fool recommends Alibaba Group, Coinbase Global, and Coupang. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Indicator	TTM Median
P/E	13.27 36.12
Price/Sales	5.57 2.85
P/B	2.79 3.22
P/FCF	11.36 24.31

Indicator	TTM Median
ROE	21.80 13.64
ROA	17.80 6.48
ROI	0.00 9.83
Net Worth	25.91 1.05
Quick Ratio	0.00 1.56
Current Ratio	4.22 1.89

Indicator	TTM Median
Net Profit Margin	42.00 9.60
Operating Margin	24.16 10.19
Gross Margin	77.40 50.00
Return on tangible equity	22.64 24.75

Indicator	TTM Median
EPS	0.80 0.30
EPS Forecast	0.95 0.24
Revenue	1.24B 74.00M
Gross Profit	965.00M —
EBITDA	395.00M —

Zoom Communications, Inc.

Recent quarterly and TTM performance

Valuation

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