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Zoom Communications, Inc. (NASDAQ:ZM), the $23.4 billion market cap technology company with an impressive 76% gross profit margin and "GREAT" financial health score according to InvestingPro, announced the results of its 2025 Annual Meeting of Stockholders held on June 12, according to an SEC filing released Wednesday.
Stockholders approved all three proposals presented at the meeting. The Class III director nominees William R. McDermott, Michael Fenger, and Santiago Subotovsky were elected to serve until the 2028 annual meeting. McDermott received 505,611,779 votes in favor, Fenger garnered 514,541,003 supporting votes, and Subotovsky secured 432,484,517 votes for his election.
The appointment of KPMG LLP as Zoom’s independent registered public accounting firm for the fiscal year ending January 31, 2026, was ratified with 575,422,363 votes in favor, 1,725,380 against, and 182,319 abstentions.
Stockholders also approved, on an advisory basis, the compensation of the company’s named executive officers. This proposal received 431,047,023 favorable votes, with 100,814,782 votes against and 143,461 abstentions.
The meeting results were disclosed in an 8-K filing signed by Aparna Bawa, Chief Operating Officer of Zoom Communications.
Formerly known as Zoom Video Communications , Inc., the company now operates under the name Zoom Communications, Inc., according to the filing.
In other recent news, Zoom Video Communications Inc. reported financial results that slightly exceeded expectations for the first quarter of fiscal year 2026, leading to a modest increase in its full-year revenue guidance by $15 million. The company attributes this adjustment to higher pricing for its Online Pro customers, which contributed to an $8 million revenue beat. Analysts have responded with mixed reactions: Benchmark raised its price target to $102 while maintaining a Buy rating, citing Zoom’s ability to adapt its pricing strategy effectively. Piper Sandler also increased its price target to $85 but kept a Neutral rating, reflecting cautious optimism about the company’s growth trajectory. Stifel maintained a Hold rating with an $85 price target, noting stable results but extended sales cycles among large U.S. customers. Bernstein kept a Market Perform rating with an $89 price target, highlighting consistent performance but expressing caution due to deal delays and macroeconomic uncertainties.
Additionally, Zoom has expanded its Zoom Phone service to four more telecom circles in India, now covering six major business and technology hubs in the country. This expansion aims to address the growing demand for cloud telephony solutions that support distributed workforces. The service includes AI features such as post-call summaries and voicemail task extraction, enhancing the user experience for eligible paid accounts. Despite facing challenges in its core business, Zoom’s newer products like Customer Experience (CX) and Workvivo are gaining traction, contributing positively to revenue growth. The company has also increased its share repurchase program, which some analysts view as a positive sign amidst the current business environment.
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