The company’s portfolio is growing, with a wide range of product offerings, including Zoom Rooms, Zoom Meetings, Zoom Phone, and Zoom Apps. Zoom isn’t just going to sit around and let its competitors take its slice of economic profits in video-conferencing. Zoom is Exploring Growth Beyond its Flagship Product Google is just one Zoom rival that could take meaningful share as it continues rolling out new features and functionality.
Still, Zoom doesn’t seem to have a wide enough moat to keep its rivals at bay. Remote and hybrid work is likely here to stay, even as the pandemic draws to a close. With such a strong network effect in Google Workspace, I’d have to give the edge to Google as the video-conferencing wars take it to the next level. Undoubtedly, Google Meet is becoming more Zoom-like with time. Google is reportedly taking a page out of Zoom Video’s playbook, with the popular push-to-talk feature coming soon to Google Meet. However, I think Google is too deep-pocketed a firm to fend off, as it looks to get a bigger slice of the video-conferencing market. Indeed, Zoom continues to innovate with new collaboration and work solutions. With the inclusion of Google Meet within the incredibly popular Gmail app, Google is giving users another reason to use its video-conferencing application over a rival. As time goes on, one has to think the Meet platform will grow to become even more flexible and easy to use. Google teamed up with Pexip to improve upon interoperability. Though Zoom may have had superior video-conferencing technology during pandemic-era lockdowns, Google looks to be closing the performance gap. Google Workspace (formerly G Suite) products work so well together. Google Meet: Has Zoom Video Communications Met its Match? Google has been pushing its Workspace suite quite hard recently, with Google Meet bundled alongside other cloud-based productivity solutions, including Docs and Sheets.
Alphabet ( NASDAQ: GOOG)( NASDAQ: GOOGL) is one competitor that scares me the most. As their offerings improve over time, there may not be much stopping clients from jumping ship. I am neutral on the stock.įurther, big tech has targeted video-conferencing solutions. Though Zoom has a great product that exploded in popularity during lockdowns, the stock may still be too expensive, given the recession ahead and rivals in the video-conferencing space.Īlthough Zoom has done a great job diversifying its product base with Zoom Contact Center, Zoom Phone, and other intriguing offerings, it’s hard to justify the current 24.5x trailing earnings multiple. Despite the epic collapse, Zoom stock is still up from the start of 2020. Zoom Video Communications ( NASDAQ: ZM) stock has been crushed since peaking back in late 2020, and its slide may not be over, as the biggest pandemic winners look to surrender even more of their 2020 gains.
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