Zoom Stock Jumps After Q1 Double Beat, Raised FY27 Outlook, $1B Buyback Boost

Zoom Communications, Inc. (NASDAQ:ZM) shares are trading higher Friday after the company reported better-than-expected first-quarter financial results and raised its fiscal-year 2027 guidance above estimates. Also, the company announced its board authorized the repurchase of an additional $1.0 billion of its outstanding Class A common stock.