ATLAS
ZM

Zoom Video Communications

Watchlist Only
Enterprise AI applications·US·San Jose, CA·#15 / 31 in segment·0.2% of segment mcap
$99.42
-6.3% vs S&P 12m

Business overview

AI productivity upside

Video conferencing; AI Companion bundled for free into core seats.

AI Companion is a defensive feature, not a growth lever; market views it as commoditized.

Products
Customers (2)
  • Enterprises
  • SMBs

Composite score

Higher = stronger overall research case

60
Fundamental69
Technical67
Valuation85
AI relevance35
Risk-adjusted (higher = safer)41
Segment-relative fundamental percentile: 71

Synthetic 1Y price action

Deterministic price series; 50d (yellow) and 200d (orange) MAs shown

3M RS: 1.0%6M RS: 10.1%12M RS: -6.3%Vol30d: 50%DD52w: -9.0%

Financial summary

Curated, illustrative

Revenue
$4.87B
Growth (YoY)
5.3%
Gross margin
77.4%
Operating margin
21.5%
FCF
$1.96B
Capex
$25.50M
Net cash / (debt)
$7.76B
ROIC
6.2%
Customer conc.
Medium

Valuation

Market cap
$29.30B
Enterprise value
$21.54B
P/E (TTM)
16.1x
Forward P/E
16.2x
EV / Sales
4.4x
EV / EBITDA
16.9x
P / FCF
14.9x
PEG
4.2x
Rule of 40

Risks

Severity 1 (low) to 5 (severe)

  • 4
    Teams competition

Score components

What drove the composite

Growth42
Profitability68
Cash generation97
Balance sheet99
Moat / AI relevance48
Capital intensity (higher = lighter)82
Customer diversification60
Valuation discipline (dilution)65
Trend (MA50/MA200)95
Momentum (3/6/12m)60
Relative strength51
Realized vol (higher = lower vol)42