4/8/2023 0 Comments Zoom video app'We have received reports of a subset of users being unable to access to Zoom Web Portal. The company's service status page is reporting 'degraded performance' for users of its Web Portal. Users in the US and the UK were both reporting being unable to join or start conferences via the website or the app. Problems started at around 15:17 BST (10.17 EDT) and are ongoing, according to the website Downdetector, which monitors website outages. To read this article on click here.Video-calling service Zoom appears to be experiencing a major global outage, leaving thousands of users around the world unable to join conferences. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. The company started rolling out the newly introduced capabilities to customers using Google Workspace, legacy G Suite Basic and Business, and those with personal Google Accounts. Recently Alphabet’s Google Meet introduced a picture-in-picture (PiP) feature along with a capability to pin multiple video feeds to update the user experience in Chrome. The Webex Room Bar can turn small workspaces into a hub to engage with co-workers, while the Cisco Video Phone 8875 lets Webex users conduct phone calls and video meetings. The feature aims to improve search across chats, files, people and other content stored or shared in the app.Įarlier this month, Cisco introduced devices for hybrid work like the Webex Room Bar and Cisco Video Phone 8875. To date, Microsoft Teams’ auto-suggest feature remains top-notch. These trends bode well for Zoom but bring in stiff competition from other companies like Microsoft MSFT Teams, Cisco Systems CSCO Webex and Alphabet’s GOOGL Google Workspace. Per a Grand View Research Report, the global video conferencing market is expected to grow at a CAGR of 12.5%, reaching $ 19.73 billion by 2023. However, the video conferencing market is not all gone. Zoom Still Holds Appeal Despite Stiff Competition The launch of Zoom Events and Zoom Whiteboard should help retain users beyond videoconferencing. Zoom’s recent Solvvy acquisition will help it offer improved customer service experiences to a global enterprise base, helping it capitalize on new opportunities in contact centers and customer support. In first-quarter fiscal 2023, research and development (R&D) expenses increased 121% year over year to approximately $144.3 million. The company has been investing aggressively to build new products to enhance the platform further and cater to the customers’ evolving needs. However, Zoom has been developing its platform to ensure it does not fall behind. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Meanwhile, the Computer & Technology sector has tumbled 31.9%. This Zacks Rank #3 (Hold) company’s shares have plunged 38.1% year to date compared with the Zacks Internet Software industry’s decline of 53.1%. The stock has also been affected by macroeconomic factors like the Russia-Ukraine War and the strengthening of the dollar. Easy deployment and hassle-free management of Zoom’s software made it more appealing to the masses.īut with the world returning to normalcy, the need for Zoom has reduced considerably. It went from being a modest player to suddenly being everyone’s platform of choice during the lockdown. The company gained immense traction amid the pandemic. Quote Efforts To Scale Its Business To Benefit Zoom price-consensus-chart | Zoom Video Communications, Inc.
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