Alphabet (GOOGL) boosts workspace efforts with new updates


This story originally appeared on Zacks

Alphabetit is GOOGL Google division has introduced three updates related to Gmail, Google Meet and Google Sheets to its productivity apps for iPhone and iPad.
The company has rolled out an email update widget on iOS for homecreen. It will be available in particular in the coming weeks.
It recently unveiled a Picture-in-Picture feature in Google Meet for iOS users, which is now available.
The company has introduced shortcut support on Google Sheets, which is currently in an upcoming state.
We note that all updates are likely to help Google gain traction among iOS users in the coming days.
Additionally, the latest move bodes well for the company’s growing efforts to bolster Google Workspace.

– Zacks

Growing Workspace Efforts

Besides the latest effort, Google recently added the Material You widget to Gmail. The update allows users to make phone calls and manage them through Gmail. It also offers phone permission to avoid phone call dropouts during a Meet session.
Moreover, the company has updated Google Tasks and added the latest features through which Workspace users can quickly switch between lists.
Additionally, Google has introduced a feature named Time Insights in Google Calendar to provide a personalized experience and help paid Workspace users manage their time effectively.
We believe that the strengthening of Google Workspace offerings will continue to drive the company’s momentum in organizations whose demand for productivity and collaboration software applications is rapidly increasing amid the pandemic.

Intensification of competition

We note that Google remains well positioned to capitalize on growth prospects in the virtual workspace management tools market, which is seeing increased spending by large and small businesses alike.
Google’s growing workspace efforts will likely give it a competitive edge over other companies such as Microsoft MSFT and Apple AAPL, which also offer workspace tools.
Microsoft offers powerful productivity and office tools to help users work, learn, organize and connect. Additionally, Microsoft Outlook, which includes webmail, calendar, contacts, and task services, helps users stay connected and be productive anytime, anywhere.
Outlook’s new feature – Text Predictions helps users become more productive as it accepts and ignores a suggestion while typing an email.
Apple’s iWork provides an office suite of applications allowing users to create word processing documents, spreadsheets and presentations. Moreover, Apple recently updated iWork with new features, which help users work seamlessly with documents.

Zacks Ranking and Stocks to Consider

Currently, Alphabet carries a Zacks Rank #3 (Hold).
Investors interested in the broader technology sector may consider Advanced micro-systems AMD, which carries a Zacks Rank #2 (Buy) at present. You can see the full list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Advanced Micro Devices gained 51.6% YoY. AMD’s long-term earnings growth rate is currently projected at 46.2%.

Breakout biotech stocks with triple-digit profit potential

The biotechnology sector is expected to surpass $2.4 trillion by 2028, with scientists developing treatments for thousands of diseases. They are also finding ways to modify the human genome to literally erase our vulnerability to these diseases.

Zacks just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors take advantage of 7 stocks poised to outperform. Recommendations from previous editions of this report produced gains of +205%, +258% and +477%. Stocks in this report could perform even better.

See these 7 game-changing actions now >>

Want the latest recommendations from Zacks Investment Research? Today you can download 7 best stocks for the next 30 days. Click to get this free report

Apple Inc. (AAPL): Free Inventory Analysis Report

Advanced Micro Devices, Inc. (AMD): Free Inventory Analysis Report

Microsoft Corporation (MSFT): Free Stock Analysis Report

Alphabet Inc. (GOOGL): Free Stock Analysis Report

To read this article on, click here.

Zacks Investment Research


Comments are closed.