Microsoft MSFT recently introduced four updates for Microsoft Teams to promote inclusive and connected virtual meetings, discussions and collaborative experiences in a hybrid work environment.
The all-new Multilingual Teams meeting invite control will allow admins to view attendance information, while sending meeting invites in up to two languages across all messaging platforms. With this feature, administrators can customize meeting invitations to include the languages their users know best and are most comfortable in.
Microsoft has also rolled out a meeting co-host role in the Teams setup. Hosts can share control by assigning the new co-host role to up to 10 meeting participants. Role limitations include the inability to create and manage breakout rooms, manage meeting recordings, and view or download attendance reports.
The availability of meeting chat bubbles on iOS and Android seems helpful. When chat bubbles are enabled, chat messages appear on the mobile screen, allowing users to preview the two most recent messages. Users no longer need to manually open the chat window within a meeting to see what participants are typing.
IT administrators can now disable write access to chat for unfederated and unauthenticated users who join Teams meetings via a shared link. This provides an additional layer of security in all organizations.
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Higher adoption to help teams gain a competitive advantage
The growing use and strong capabilities of Teams bodes well and should expand its presence in the business communication space. The market is expected to grow at a CAGR of 17.3% between 2022 and 2028, according to Industry Research Data.
Microsoft Teams reached 270 million users in 2022, up from 145 million in 2021. From March 2020 to June 2020, Microsoft Teams grew by 894%.
Ribbon Communications RBBN has extended its partnership with this currently ranked #3 (Hold) Zacks player to power the latter’s Operator Connect platform and enable service providers to rapidly expand and accelerate Microsoft Teams offerings. You can see the full list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Considered a Microsoft Gold Communications Partner, Ribbon’s diverse lineup of Session Edge Controllers (SBCs) and edge devices go hand-in-hand with Microsoft’s networking requirements. This, in turn, reinforces RBBN’s existing relationship with the tech giant.
The addition of features should give teams an edge over competitors such as Zoom ZM, Slack and CiscoCSCO’s Webex.
Webex has 39 million cloud calling users and 650 million monthly meeting participants.
Zoom has 350 million daily meeting participants. ZM grew by 2900%, making it one of the fastest growing applications in 2020 and 2021. There are 497,000 ZM customers with over 10 employees working for them each.
Slack has 18 million daily active users and 156,000 organizations use the app.
Zacks names ‘only one best choice for doubling up’
From thousands of stocks, 5 Zacks experts have each picked their favorite to skyrocket by +100% or more in the coming months. Of these 5, Research Director Sheraz Mian selects one to have the most explosive advantage of all.
It’s a little-known chemical company that’s up 65% year-on-year, but still very cheap. With relentless demand, rising earnings estimates for 2022 and $1.5 billion for stock buybacks, retail investors could jump in at any moment.
This company could rival or surpass other recent Zacks stocks which are expected to double, such as Boston Beer Company which jumped +143.0% in just over 9 months and NVIDIA which jumped +175.9% in one. year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.