Zoom Communications (ZM) Hits New Record High After Q3 Blowout, Upbeat Outlook

We recently published 10 Stocks Boasting 10-42% Gains. Zoom Communications Inc. (NASDAQ:ZM) is one of the best-performing stocks on Tuesday.

Zoom Communications bounced back to hit a new record high following its strong earnings performance in the third quarter alongside a higher growth outlook for the full fiscal year.

At intra-day trading, Zoom Communications Inc. (NASDAQ:ZM) soared to a new 52-week high of $91.04 before paring gains to finish the session just up by 9.85 percent at $86.34 apiece.

In an updated report, the company said it was able to grow its net income by 196 percent to $612.87 million from only $207.05 million in the same period last year.

Revenues also increased by 4.2 percent to $1.23 billion from $1.18 billion year-on-year, thanks to higher revenues from enterprise and online segments, up by 6.1 percent and 2 percent year-on-year.

“Zoom is continuing to build on our vision of an AI‑first platform that helps people connect and collaborate more seamlessly,” said Zoom Communications Inc. (NASDAQ:ZM) CEO Eric Yuan. “Our disciplined approach is fueling top-line growth, stellar profitability, and lower dilution helping us turn AI innovation into real, lasting value for customers and shareholders.”

For the full fiscal year of 2026, Zoom Communications Inc. (NASDAQ:ZM) expects revenues to end at a range of $4.852 billion and $4.857 billion, as well as non-GAAP diluted EPS of $5.95 and $5.97.

For the fourth quarter alone, it targets to rake in between $1.23 billion and $1.235 billion in revenues and non-GAAP diluted EPS of $1.48 and $1.49.

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Disclosure: None. This article is originally published at Insider Monkey.