Zoom

Zoom Meetings remains the share leader in video conferencing for SMB and mid-market. Zoom Communications (NASDAQ:ZM) went public in 2019, peaked near $568 in October 2020 during the pandemic, and has since reset to a steady-state $60-80/share collaboration vendor with material AI investment. The core meetings product covers one-to-fifty meetings, large meeting tiers up to 1,000 participants, breakout rooms, polls, recording, and AI Companion (transcripts, summaries, action items, Q&A clustering, real-time chat coaching). Strengths: largest installed base in the category, lowest friction for Zoom-anchored organizations, AI Companion bundled at no incremental cost across paid tiers, genuinely best-in-class meeting reliability and audio / video quality at scale, and aggressive 2024-2025 AI feature velocity. Best fit for SMB and mid-market organizations (10-2,000 employees) where Zoom is already the de facto meeting tool, and especially for buyers also evaluating Zoom Phone for unified communications. Trade-offs: the meeting product itself is increasingly commoditized (every leader now has bundled AI transcription and summaries), Zoom is no longer growing meeting seats meaningfully, the AI Companion bundle accelerates the commoditization, and for any organization already paying for Microsoft 365 E3 or E5 the Teams bundle math is structurally hard to beat. The strategic moat in 2026 is no longer the meeting product, it is Zoom Phone (UCaaS) cross-sell and Zoom Contact Center.