- Zoom alternatives are plenty. We found 35 (see the list).
- Zoom stock price surged more than 600 percent this year.
- The last two quarterly reports were better than expected. The outlook is bright.
- But the competition is very strong.
Zoom Application Is Popular, the Stock Exploded
The story of the Zoom application is a story of success. It’s a professional video-chat application that hundreds of thousands of people tried in the last months, in the quarantine. You can organize team meetings in Zoom, large online conferences, but also simple private calls with 2-3 persons. The Zoom stock price increased in times of quarantine and after that. Better, jumping, exploding, moving on an exponential curve. The shares of the company developing the application surged approximately 600 percent this year already. (Ticker: NASDAQ:ZM, not to be confounded with other similar names.)
In June, the stock skyrocketed again, after a very good quarterly report.
Revenue for Zoom’s fiscal first-quarter soared 169 percent year over year to $328.2 million, trouncing analysts’ average forecast for revenue of $202.7 million. (…) even more startling was the company’s extremely bullish outlook. Management said it expected fiscal second-quarter revenue to be between $495 million and $500 million–wrote Fool.com.
End of August, after the fiscal report of the second-quarter, the stock exploded again. The balance caused a positive surprise, far over the estimates of the analysts. (Earnings reports marked with “E” on the chart.)
Update:
Zoom reports again this week, the “Third Quarter Fiscal Year 2021 Earnings Webinar” is set for Nov 30, 2020 at 2:30 PM PST.
Plenty of Zoom Alternatives
But the video-chat or video-meeting market is huge. In the quarantine, hundreds of millions of people have used some video-chat software, or “virtual meeting services”. The virus sped up the long-existing digitization trend. Aren’t Zoom stocks overvalued already?
We found 35 other video-chat systems in a short time in our memories and some other list posts. Most of them have a general-purpose. Others specialize in some user groups, such as gamers, teachers, businesses, or Apple users. We mix professional and private purpose applications in the next list because many of them are useful in several use cases. Or the developers target various groups. Small businesses may use free services and don’t even need payed ones.
Zoom Alternatives, Video-Chat Services
1. Zoom App
2. Skype (Microsoft-owned)
3. Jitsi (Open source)
4. Google Meet (formerly known as Hangouts Meet, Google product)
5. Google Duo (Google product)
7. Whatsapp (Facebook-owned.)
8. Microsoft Teams (replacing also Skype for Business and Microsoft Classroom.)
9. Houseparty
10. Amazon Chime
11. FaceTime (Apple)
12. Cisco Webex
13. AnyMeeting
14. Viber
15. Signal
16. Justalk
17. Discord (opzimized for gamers)
18. IMO
19. Line
20. Tango
21. ooVoo
22. Lifesize
23. Camfrog
24. GoToMeeting
25. ezTalks
26. BigBlueButton (for Schools)
27. Kik
28. Zoho Meeting (paid service
only)
29. BlueJeans Meetings (paid service only)
30. GlobalMeet (paid service
only)
31. Starleaf
32. Spike
33. Whereby
34. Talky (ad-based)
35. TeamViewer (Blizz)
36. Epyc (new)
Some alternatives like Zoho Meeting, BlueJeans Meetings, GlobalMeet appear also professional or interesting. But I have found no free plans here. AnyMeeting is “free until 2021”. Some services may have only paid plans but also free trials of some weeks or months.
Let’s Zoom in on Savings in the Crisis!
So, the supply is plentiful in this market and the competition is ferocious. We tried Zoom several times. But it was especially useful for very long or multi-party meetings only, included in the paid version. Often, Skype or Whatsapp has proven to be much simpler, even for most business use cases.
Because of so many free solutions and because of the crisis, everyone really thinks about what to spend money on. This can limit the revenues of similar companies. Plus, the competition isn’t sleeping either. Zoom alternatives are working hard to improve their services now that the demand for them has increased. Many users may stay with the videochat-solutions of Google, Microsoft, or Facebook, integrated in their other services, packages.
But sure, it is also possible that the Zoom App will become a market leader and everyone will use this product. Just as about a third of humanity cannot live without Facebook.
(Main list sources: Source 1, Source 2, Source 3, Source 4., Source 5.)
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Disclaimer
I’m not a certified financial advisor nor a certified financial analyst, accountant nor lawyer. The contents on my site and in my posts are for informational and entertainment purposes and reflecting my collection of data, ideas, opinions. Please, make your proper research or consult your advisors before making any investment or financial or legal decisions.
(Photos: Pixabay.com.)
