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Zoom Communications (ZM) produced huge gains in free cash flow (FCF) and FCF margins for the quarter ending July 31. But ZM stock has spiked on the news. Does that mean it has peaked? Maybe, but it could be worth more.
ZM is at $81.35, up +11.2% from $73.15 on Aug. 21, when it released its fiscal Q2 2026 earnings after the market closed. It's also up +17% from a recent trough of $69.55 on Aug. 11. However, ZM stock is still below its 6-month peak of $84.62 on May 16.