Why is Zoom stock down today? Soft Q3 profit guidance and support test

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Zoom slides 6.37% to $94.49 today

Highlights

Zoom reported fiscal second-quarter 2027 revenue of $1.28 billion and adjusted EPS of $1.55, both above analyst expectations.
The company raised its full-year revenue guidance to $5.085 to $5.095 billion, supported by accelerated enterprise growth and AI product expansion.
Shares of Zoom dropped 6.37% to $94.49, facing short- and medium-term bearish momentum and projected to trade between $90.76 and $102.29 over the next days.

Enterprise gains drive outlook upgrade despite persistent market pressure

Zoom reported its fiscal second-quarter 2027 results, with revenue rising 4.9% year over year to $1.28 billion and adjusted EPS of $1.55, both exceeding consensus expectations. The announcement was accompanied by an increased full-year revenue outlook to a range of $5.085 to $5.095 billion, reflecting confidence in recent enterprise growth trends. According to Finance Yahoo, Benzinga, and Marketscreener, the company's enterprise business saw its fastest expansion in three years on the back of AI adoption and a broader product portfolio, though price action has remained under broader selling pressure.

Sellers dominate momentum as price holds above long-term support

On the technical front, ZM/USD currently trades below the MA-20 ($104.73) and MA-50 ($105.75) levels, while maintaining a position above the MA-200 ($89.78) on the daily chart. The Ichimoku Kijun at $104.45 represents immediate resistance, and the short-term support is marked at $90.76. Momentum indicators are deeply negative: MACD and ADX both signal seller control, with RSI at 27.56, CCI, and Stochastic RSI all in oversold territory. Bull/Bear Power highlights strong dominance by sellers, while the Awesome Oscillator also confirms persistent downward momentum.

Downside risk persists as reversal hinges on technical breakout

In the short term, ZM is expected to consolidate within the $90.76 to $102.29 range over the next 2 to 3 trading days. The likelihood of an upward move is minimal, with downside risk remaining high and reversal scenarios appearing unlikely in the immediate term. If the price breaks below $90.76, it could trigger renewed selling pressure; a move above $104.45 would be required to open a recovery path.

Viktoras Karapetjanc, Traders Union expert, notes that Zoom’s strong quarterly results and increased full-year guidance highlight resilience in its business fundamentals despite recent price weakness. He sees enterprise momentum and AI-driven growth as constructive long-term signals, though the current technical picture is dominated by heavy downside momentum and negative sentiment. The analyst expects Zoom to remain under pressure near the $90.76 level unless broader market sentiment shifts. "Zoom’s fundamentals look solid, but a sustained recovery will likely require a clear change in market mood or a breakout above $104.45."

Earlier, analysts noted that Zoom shares faced downward pressure despite strong second-quarter results and ongoing challenges in the competitive AI-driven software market. The current technical outlook reinforces a bearish scenario, with sellers firmly in control and $90.76 identified as a critical support level to monitor for potential renewed downside momentum.

Source of Data: ZM Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.