Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

Zoom Video Communications Inc / Equity Bottom-Up

<ul><li>Zoom Video Communications' fourth quarter and full fiscal year 2026 performance demonstrates a complex mix of growth and challenges, reflecting both strategic success and areas for attention.</li><li>The company reported Q4 revenue growth of 5.3% year-over-year and a full fiscal year growth of 4.4%, showing a modest acceleration compared to FY '25.</li><li>A significant factor driving growth is Zoom's push towards AI innovations, notably with the AI Companion 3.0, which aims to transform the platform into an AI-powered system for modern work.</li></ul>

Zoom Video Communications' fourth quarter and full fiscal year 2026 performance demonstrates a complex mix of growth and challenges, reflecting both strategic success and areas for attention.The company reported Q4 revenue growth of 5.3% year-over-year and a full fiscal year growth of 4.4%, showing a modest acceleration compared to FY '25.A significant factor driving growth is Zoom's push towards AI innovations, notably with the AI Companion 3.0, which aims to transform the platform into an AI-powered system for modern work.

Can Zoom Video Communications Push Growth Beyond 5% As Enterprise Carries The Platform?

<ul><li>Zoom's third-quarter financial performance for the fiscal year 2026 showcased several notable achievements and challenges.</li><li>On the positive side, Zoom saw an increase in total revenue, growing by 4.4% year over year to $1.23 billion, surpassing its guidance expectations.</li><li>The company continues to benefit from its Enterprise segment, which grew 6.1%, representing 60% of its total revenue, up one percentage point from the previous year.</li></ul>

Zoom's third-quarter financial performance for the fiscal year 2026 showcased several notable achievements and challenges.On the positive side, Zoom saw an increase in total revenue, growing by 4.4% year over year to $1.23 billion, surpassing its guidance expectations.The company continues to benefit from its Enterprise segment, which grew 6.1%, representing 60% of its total revenue, up one percentage point from the previous year.

Zoom Video Communications Is Building Vertical AI Solutions—Could This Be the Game-Changer for Contact Centers & Beyond?

Junior Finance Analyst, Steno Research

Ulrik Simmelholt

Junior Finance Analyst

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Cross Asset Strategy

<ul><li>We’ve received loads of feedback from our clients regarding our Trump versus Biden basket.</li><li>As a result, we will provide a detailed breakdown of both baskets and explain the rationale behind each.</li><li>We are updating the baskets regularly based on the political proposals of the two candidates.</li></ul>

We’ve received loads of feedback from our clients regarding our Trump versus Biden basket.As a result, we will provide a detailed breakdown of both baskets and explain the rationale behind each.We are updating the baskets regularly based on the political proposals of the two candidates.

Equity Watch: The Trump versus Biden Basket

Latest News from the World’s Leading Innovators

Granite Bay Capital

An innovation focussed investment company

Granite Bay Capital is an innovation focussed investment company with a deep focus on the companies at the leading edge of innovation across major themes such as AI, ubiquitous computing, sustainability, automation and longevity.

Thematic (Sector/Industry)

<h2>Headline Developments</h2><p>Not the best week for Facebook (FB) !  Firstly, the entire company’s ecosystem (FB, Instagram, WhatsApp and Messenger) ground to a halt for several hours.  This is an extraordinary occurrence for a company of this size.  Trying to keep this as simple as possible, this was an internal problem.</p>

Headline DevelopmentsNot the best week for Facebook (FB) !  Firstly, the entire company’s ecosystem (FB, Instagram, WhatsApp and Messenger) ground to a halt for several hours.  This is an extraordinary occurrence for a company of this size.  Trying to keep this as simple as possible, this was an internal problem.

<p>Headline Developments As has been widely expected, China has moved to greatly reduce the time under-18s spend playing computer games.  Under the new rule, younger gamers will be restricted to one hour (8 pm - 9 pm) of online games on Fridays, weekends and holidays, with online gaming companies barred from providing gaming services to minors in any form outside of those hours.</p>

Headline Developments As has been widely expected, China has moved to greatly reduce the time under-18s spend playing computer games.  Under the new rule, younger gamers will be restricted to one hour (8 pm - 9 pm) of online games on Fridays, weekends and holidays, with online gaming companies barred from providing gaming services to minors in any form outside of those hours.

United States

Zoom Video Communications, Inc. develops a people-centric cloud service that transforms real-time collaboration experience. The Company offers unified meeting experience, a cloud service that provides a 3-in-1 meeting platform with HD video conferencing, mobility, and web meetings. Zoom Video Communications serves customers worldwide.

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Zoom Video Communications Inc (ZM US)

Can Zoom Video Communications Push Growth Beyond 5% As Enterprise Carries The Platform?

Zoom Video Communications' fourth quarter and full fiscal year 2026 performance demonstrates a complex mix of growth and challenges, reflecting...

Baptista Research

Zoom Video Communications Is Building Vertical AI Solutions—Could This Be the Game-Changer for Contact Centers & Beyond?

Zoom's third-quarter financial performance for the fiscal year 2026 showcased several notable achievements and challenges. On the positive side,...

Baptista Research

Equity Watch: The Trump versus Biden Basket

We’ve received loads of feedback from our clients regarding our Trump versus Biden basket. As a result, we will provide a detailed breakdown of...

Steno Research

Weekly Innovation Review (WIRE) #52

Not the best week for Facebook (FB) ! Firstly, the entire company’s ecosystem (FB, Instagram, WhatsApp and Messenger) ground to a halt for several...

Granite Bay Capital

Weekly Innovation Review (WIRE) #47

Headline Developments: As has been widely expected, China has moved to greatly reduce the time under-18s spend playing computer games. Under the...

Granite Bay Capital

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