Zoom Communications is upgraded to Strong Buy, driven by robust financials, expanding AI initiatives, and an undervalued Anthropic stake as its potential IPO approaches. Q1 FY27 saw 5.5% revenue growth, a 40.4% FCF margin, and $1.56B in buybacks over 12 months, with another $1 billion buyback authorization announced recently. ZM's balance sheet remains a fortress with $7.72B in net cash, supporting continued innovation, investments, and international expansion.









