BUZZ-Zoom Communications climbs after lifting annual forecasts

Zoom Video Communications

Zoom Video Communications

ZM

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** Shares of Zoom Communications ZM.O up 7.4% at $103.91 premarket

** The video-conferencing platform raised its annual revenue and profit forecast AMC on Thursday, betting on strong demand for its AI features as it looks to shore up enterprise and consumer spending

** Pegged fiscal 2027 revenue between $5.08 bln and $5.09 bln, up from prior forecast of between $5.07 bln and $5.08 bln

** Raised annual adj. EPS outlook to between $5.96 and $6, compared with its prior forecast of $5.77 to $5.81

** Also forecast Q2 revenue between $1.26 bln and $1.27 bln; analysts on an average were expecting $1.27 bln - data compiled by LSEG

** Guided quarterly adj EPS between $1.45 and $1.47 , compared with est. of $1.48

** As of last close, ZM stock up 12.1% YTD