With the rise in popularity, Zoom’s privacy infrastructure, and further, its stock price might be affected if further limitations present themselves in the near future.
Secondly, Zoom has struggled with security and privacy concerns since the last year. These larger and better-funded companies have the opportunity to provide similar, if not better services at far cheaper prices than Zoom. Primarily, Zoom has major competition from the likes of Cisco’s Webex, Alphabet Inc.’s Google Meet, and Facebook’s Messenger Rooms. Though the growth rates are very appealing, there seems to be a significant number of problems that might bring down its present growth rate. This is adjusting its Earnings Per Share (EPS) to nearly tenfold the value of what it was before the Covid-19 Pandemic. With Zoom stock’s revenue jumping by 270% year-over-over in the first half fiscal of 2021, its triple-digit revenue growth outpaced its operating expenses. With over 2 million downloads in a single day in March 2020, Zoom currently is one of the leading applications for video conferences. Zoom: Rising through the pandemicĬreated in 2012, Zoom stocks truly began to see success during the rise of Covid-19 where the physical restrictions imposed worldwide proved to be advantageous for the video platform. But the bigger question is if Zoom stocks will continue to rise with the presence of bigger competitors such as Alphabet Inc.’s Google Meet. As illustrated by the 660% rise of Zoom Stock, virtual communication is here to stay. With a vaccine yet to be released, there is a high possibility that the usage of video applications will continue to rise.
#ZOOM STOCK PRICE MARCH 2020 OFFLINE#
With physical workspaces restricted, most offline institutions have embraced virtual means of communication, primarily among which is the popular video call application, Zoom.
The advent of the Covid-19 pandemic has shifted the world into virtual platforms.
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