2026-10-25
Zoom Communications clears the business-activity screen and the figures we can measure look clean, but one or more financial figures are still pending, so the verdict is not final yet.
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latest tape · as of 20:14 UTC
The Screen · Technology · Software - Application
Zoom Communications Inc
ZM · NASDAQ · USD · Market cap $28.6B · 7,438 employees
Zoom Communications, Inc.
Not yet scored91.98 USD
Price as of 2 Nov 2026Daily close, not a live quote
Screened 2026-11-02 · the tape above runs as of 20:14 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed
Key facts today
- Price91.98 USD at the 2 Nov 2026 close
- Our value readFair vs our fair value, as of 2 Nov 2026
- Our regime readAccumulation, as of 2 Nov 2026
- Ethical screenNot yet scored
- OptionsOpen interest leans slightly to calls (put/call 0.76)
- Last reviewed2 Nov 2026 (1 days ago)
- Release timesRelease and earnings times on your chart: Event Guard Mentor
A summary of the dated readings below, not a live quote and not advice.
PRICE · ONE YEAR
Our fair-value range: $71.10 to $112.11, base estimate $97.49 (screen dated 2026-11-02).
- Trend Accumulation
- Insiders insiders sold, $144,401, latest filing 2026-10-28
- Positioning no disclosures inside 60 days, left as found
- Options put/call open interest 0.76, read 2026-11-02
- Ethical screen not yet scored
Price91.98 USD
Fair value97.49
Ethical score70.0/100
Value readFairas of 2 Nov 2026
Our investment reviews on this name
2026-10-21Read Accumulation98.51-6.6% to today Markdown gives way to Accumulation after an 8% rise in 3 weeks
2026-10-02Read Markdown90.95+1.1% to today Markup gives way to Markdown after a 14% slide in 6 weeks
2026-08-18Read Markup105.56-12.9% to today Distribution gives way to Markup after a 13% rise in 7 weeks
2026-07-02Read Distribution93.68-1.8% to today ✓First review on file: Distribution
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
The full research record, in depth, below
This name holds its accumulation label.
Zoom Communications Inc holds its Accumulation at $91.98. Consolidating, no directional conviction, held for 8 days.
| Phase | Accumulation |
| Quantitative state | Consolidating, no directional conviction, held for 8 days |
| Price at the screen | $91.98 |
| Valuation | 9.09 trailing · 15.46 forward price to earnings |
| Values screen | Not scored · score 70.0 |
| Beta | 1.03 |
Five Screens, Shown in Full
This security has not been fully scored against the values screen yet.
| Test | Figure | Limit | What it means | Status |
|---|---|---|---|---|
| Business activity | Permissible | Core business clean | Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending. | Pass |
| Debt load | 0.49% | Below 33% | Interest-bearing debt is just 0.5% of its assets, well under the one-third ceiling: it does not run on borrowed money. | Pass |
| Interest-bearing cash | 13.17% | Below 33% | Cash held in interest-bearing accounts and securities is 13.2% of assets, under the one-third limit. | Pass |
| Receivables | 14.80% | Below 49% | Money owed to the company is 14.8% of assets, under the 49% limit. | Pass |
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical ReadThe Read, in Plain English
Zoom Communications clears the business-activity screen and the figures we can measure look clean, but one or more financial figures are still pending, so the verdict is not final yet.
Read as at 2026-11-02. It updates when the underlying figures move, and past reads are kept below.
2026-09-24
Clears
Zoom Communications clears all five screens. Its business is in a permissible area, its debt is near-nil, and almost none of its income is interest, so it passes.
Earlier reads, kept as written. The ethical profile is tracked over time, not overwritten.
What the Numbers Say It Is WorthThe Fair Value Range
Our analysis reads Fair vs our fair value, as of 2 Nov 2026: it trades at roughly a 2% discount to our $97.49 fair value, narrow competitive moat, 4.90% revenue growth.
How a fair value is estimated: discounted cash flow (DCF).
Fair value range in USD, drawn from the 2026-11-02 screen. The gold marker is the market price at the same screen. A 5.7% discount to the base estimate.
Third-party analyst targets: 26 covering, consensus Buy. The average target sits +33% from the screen price.
Reading the gap · Our more conservative model reads it as roughly fairly valued here, while the Street is more bullish: a quality-at-a-fair-price name rather than a deep-value one.
Price History & ProjectionsWhere our models see it going: fair-value estimate $97.49, with a range of $71.10 to $112.11, dated to the 2026-11-02 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain WordsVideo calls lost their pandemic urgency
A quick Zoom link still sorts a last-minute catch up, yet the rush that once sent usage through the roof has faded. Revenue now creeps along at 6 percent, the narrow moat leaves room for bigger rivals to chip away, and a 6 percent margin of safety at current prices offers little cushion. High margins and 22 percent ROE look solid on paper, but they do not outweigh the modest growth outlook.
We pass. Forward earnings sit at 14.5 times, which looks reasonable until you weigh the limited expansion runway and the fact that consensus targets sit well above fair value without fresh catalysts. Ethical checks clear, yet the business simply does not clear our bar for meaningful upside.
Competition from entrenched platforms and the risk that corporate budgets keep video spend in check remain real headwinds. The numbers show a steady cash machine, not a compounder. Analysis, not advice.
| Forward P/E | 15.5xexpensive even after accounting for its growth |
| Trailing P/E | 9.1xvery cheap relative to earnings |
| EPS, trailing | 10.78 |
| EPS, forward | 6.34 |
| Revenue growth | +4.9%slow but positive growth |
| Profit margin | 65.2%highly profitable on every dollar of sales |
| Return on equity | 32.1%an exceptional return on shareholder capital |
| FCF yield | 6.91% |
| Debt to equity | 0.53moderate, manageable leverage |
| Current ratio | 3.83comfortably covers its short-term bills |
| Beta | 1.03moves a little more than the market |
| Short interest, float | 0.02% |
| 52-week range | 70.70 - 114.74 |
| Moat | NARROW |
| Market cap | $28.6B |
| Employees | 7,438 |
Another profit measure, before interest, tax and non-cash costs: EBITDA.
The risks · The main risks here are ordinary market swings and the chance our fair-value read proves too optimistic.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to TradeZM trades on NASDAQ. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
Every Entry, As Written
2026-10-28
Accumulation $98.04
-0.5% Entry 15
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.5% since our last review. Ethical screening: not fully scored yet. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 4% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 18%. Our forward projection puts the odds of a 10% gain over the next month near 29%. The street (26 analysts) rates it buy, with a mean price target of $115. Insiders have been net sellers over the past quarter.
2026-10-21
Accumulation · changed $98.51
+0.6% Entry 14
The framework has shifted from markdown to accumulation since the last review. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 0.6% since our last review. Ethical screening: not fully scored yet. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 3% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 18%. Our forward projection puts the odds of a 10% gain over the next month near 29%. The street (26 analysts) rates it buy, with a mean price target of $115. Insiders have been net sellers over the past quarter.
2026-10-14
Markdown $97.94
+7.7% Entry 13
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved up 7.7% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 22% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 18%. Our forward projection puts the odds of a 10% gain over the next month near 29%. The street (26 analysts) rates it buy, with a mean price target of $115. Insiders have been net sellers over the past quarter.
2026-10-02
Markdown · changed $90.95
-13.8% Entry 12
The framework has shifted from markup to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 13.8% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 22% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 18%. Our forward projection puts the odds of a 10% gain over the next month near 29%. The street (26 analysts) rates it buy, with a mean price target of $115. Insiders have been net sellers over the past quarter.
2026-08-25
Markup $105.56
+0.0% Entry 11
Our analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 22% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 18%. Our forward projection puts the odds of a 10% gain over the next month near 29%. The street (26 analysts) rates it buy, with a mean price target of $115. Insiders have been net sellers over the past quarter. It reported earnings in this window, a natural checkpoint for the thesis.
2026-08-24
Markup $105.56
+0.0% Entry 10
Our analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 22% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 18%. Our forward projection puts the odds of a 10% gain over the next month near 29%. The street (26 analysts) rates it buy, with a mean price target of $115. Insiders have been net sellers over the past quarter. It reported earnings in this window, a natural checkpoint for the thesis.
2026-08-23
Markup $105.56
+0.0% Entry 9
Our analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 22% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 18%. Our forward projection puts the odds of a 10% gain over the next month near 29%. The street (26 analysts) rates it buy, with a mean price target of $115. Insiders have been net sellers over the past quarter. It reported earnings in this window, a natural checkpoint for the thesis.
2026-08-22
Markup $105.56
+0.0% Entry 8
Our analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 22% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 18%. Our forward projection puts the odds of a 10% gain over the next month near 29%. The street (26 analysts) rates it buy, with a mean price target of $115. Insiders have been net sellers over the past quarter. It reported earnings in this window, a natural checkpoint for the thesis.
2026-08-21
Markup $105.56
+0.0% Entry 7
Our analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 22% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 18%. Our forward projection puts the odds of a 10% gain over the next month near 29%. The street (26 analysts) rates it buy, with a mean price target of $115. Insiders have been net sellers over the past quarter. It reported earnings in this window, a natural checkpoint for the thesis.
2026-08-20
Markup $105.56
+0.0% Entry 6
Our analysis reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 22% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 18%. Our forward projection puts the odds of a 10% gain over the next month near 29%. The street (26 analysts) rates it buy, with a mean price target of $115. Insiders have been net sellers over the past quarter. It reported earnings in this window, a natural checkpoint for the thesis.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
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| Date | Insider | Title | Type | Shares | Value |
|---|---|---|---|---|---|
| 2026-10-28 | Subotovsky Santiago | Dir | S - Sale | 1,442 | $144,401 |
| 2026-10-21 | McMaster Herbert Raymond | Dir | S - Sale | 1,500 | $151,875 |
| 2026-10-15 | Subotovsky Santiago | Dir | S - Sale | 4,549 | $454,626 |
| 2026-10-21 | Chang Michelle | CFO | S - Sale | 10,156 | $1,035,215 |
| 2026-10-12 | Chang Michelle | CFO | S - Sale+OE | 8,489 | $844,341 |
| 2026-10-12 | Sankarlingam Velchamy | Pres of Engineering, Product | S - Sale+OE | 7,645 | $758,875 |
| 2026-10-08 | McMaster Herbert Raymond | Dir | S - Sale | 3,000 | $284,120 |
| 2026-10-05 | Yuan Eric S. | CEO | S - Sale+OE | 24,200 | $2,272,601 |
| 2026-10-05 | Subotovsky Santiago | Dir | S - Sale | 2,637 | $247,195 |
| 2026-07-15 | Sankarlingam Velchamy | Pres of Engineering, Product | S - Sale | 7,644 | $703,089 |
Public filings, recorded as found. The full tape lives at Insider Intelligence.
| Period | Price then | Price return | Divs per share | $1,000 became | Total return |
|---|---|---|---|---|---|
| 1 month | $107.12 | -12.3% | · | $877 | -12.3% |
| 2 months | $79.24 | +18.6% | · | $1,186 | +18.6% |
| 3 months | $74.94 | +25.4% | · | $1,254 | +25.4% |
| 6 months | $90.24 | +4.1% | · | $1,041 | +4.1% |
| 1 year | $79.41 | +18.3% | · | $1,183 | +18.3% |
| 2 years | $62.96 | +49.2% | · | $1,492 | +49.2% |
| 3 years | $67.14 | +40.0% | · | $1,400 | +40.0% |
| 5 years | $366.40 | -74.4% | · | $256 | -74.4% |
Historical returns from market close data. Past performance does not guarantee future results.
This entry now belongs to the ledger. Whatever ZM does next, these words stay.
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