Core Insights - Zoom Communications Inc. reported stronger-than-expected earnings for its first quarter, with earnings of $1.43 per share, surpassing the analyst consensus estimate of $1.31, and quarterly revenue of $1.17 billion, meeting the Street estimate [1] - CEO Eric S. Yuan highlighted the company's performance as a testament to its platform strength and AI-first innovation, noting that customers are increasingly turning to Zoom for efficiency and improved experiences in a challenging macroeconomic environment [2] - Following the earnings announcement, Zoom shares fell by 1.5% to $81.03 [3] Financial Guidance - Zoom raised its fiscal 2026 adjusted EPS guidance from a range of $5.34 to $5.37 to a new range of $5.56 to $5.59, exceeding the $5.41 analyst estimate [2] - The company also increased its revenue outlook from a range of $4.79 billion to a new range of $4.8 billion to $4.81 billion, compared to the previous estimate of $4.79 billion [2] Analyst Ratings and Price Targets - Rosenblatt analyst Catharine Trebnick maintained a Buy rating on Zoom and raised the price target from $90 to $100 [8] - Morgan Stanley analyst Meta Marshall maintained an Equal-Weight rating and increased the price target from $79 to $85 [8] - Wells Fargo analyst Michael Turrin also maintained an Equal-Weight rating, boosting the price target from $75 to $80 [8]