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Stock impact report

A Look Back at Video Conferencing Stocks' Q2 Earnings: Five9 (NASDAQ:FIVN) Vs The Rest Of The Pack [Yahoo! Finance]

RingCentral, Inc. Class A (RNG) 
Last ringcentral, inc. class a earnings: 2/10 04:05 pm Check Earnings Report
US:NYSE Investor Relations: ir.ringcentral.com
Company Research Source: Yahoo! Finance
Work is becoming more distributed, both across geographies and devices. In order for businesses to keep functioning efficiently, they need to be able to communicate as well as they did when the teams were co-located, which drives the demand for integrated communication platforms. The 4 video conferencing stocks we track reported a slower Q2. As a group, revenues beat analysts' consensus estimates by 1.2% while next quarter's revenue guidance was 1.4% below. Inflation progressed towards the Fed's 2% goal at the end of 2023, leading to strong stock market performance. On the other hand, 2024 has been a bumpier ride as the market switches between optimism and pessimism around rate cuts and inflation, and video conferencing stocks have had a rough stretch. On average, share prices are down 18.6% since the latest earnings results. Five9 (NASDAQ:FIVN) Started in 2001, Five9 (NASDAQ: FIVN) offers software as a service that makes it easier for companies to set up and efficiently run Show less Read more
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