Q2 revenue and profit beat lifts Zoom stock toward $100.67 resistance

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Zoom jumps 6.16% today to $99.59

Highlights

Zoom reported second quarter revenue of $1.28 billion, up 4.9% year over year, with adjusted EPS of $1.55 exceeding expectations.
GAAP net income surged to $1.54 billion due to $1.61 billion in net gains from strategic investments, but third quarter profit guidance came in below Wall Street consensus.
Zoom stock trades below key short- and medium-term averages with weak momentum signals, forecasting a likely range of $92.49 to $106.69 in the coming days.

Renewed buying follows earnings beat despite cautious profit outlook

Zoom reported second-quarter fiscal 2027 results that exceeded expectations, with revenue reaching $1.28 billion, up 4.9% year-over-year, and adjusted earnings per share of $1.55, according to Markets Financialcontent. This outperformance demonstrates strong operational execution and has drawn renewed buying interest in the stock. The company also posted a sharp rise in GAAP net income to $1.54 billion, primarily driven by $1.61 billion in net gains from strategic investments, as noted by Pulse2. However, future profitability signals were mixed as Zoom issued third-quarter profit guidance below Wall Street consensus and narrowed its full-year outlook, indicating some caution around the sustainability of growth.

Short-term buyer strength clashes with weak underlying momentum

On the technical chart, ZM is trading below both the MA-20 and MA-50 on the h1 timeframe, while holding above the MA-200 on the daily. The Ichimoku Kijun sits at $100.67, setting an immediate resistance level overhead. Key indicator readings are mixed: MACD and ADX both indicate a continued sell bias, with RSI in sell territory, while CCI remains neutral. Notably, Stoch RSI is overbought, and Bull/Bear Power also points to an overbought condition, highlighting short-term buyer dominance amid otherwise weak momentum signals.

Consolidation likely unless breakout overrides downside risk

Over the next several days, ZM is expected to trade within a typical volatility band from $92.49 to $106.69. The probability model assigns a 43% chance to a further upward move, with downside scenarios deemed more likely in the near term. The baseline expectation is that the stock consolidates sideways within this corridor. A decisive breakout above immediate resistance could trigger a bullish extension, while a move below the lower support would likely prompt a retest toward the range bottom.

Anton Kharitonov, expert at Traders Union, sees Zoom's earnings beat as a welcome sign, but notes the rally is built on one-off investment gains and tempered future guidance. He believes technical signals are mixed, with momentum still weak and upside resistance looming near $100.67. Without a clear breakout, risk remains skewed to the downside. "Until Zoom can exceed immediate resistance and show sustainable core growth, I'm cautious and expect sideways trading or correction."

Earlier, analysts noted that despite Zoom’s upgraded outlook and enterprise gains, the stock faced persistent short-term selling pressure while longer-term technical signals remained constructive. With today’s upside move but ongoing technical headwinds, traders should watch for a potential breakout above immediate resistance at $100.67 as a near-term trigger for directional follow-through.

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.