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Stock impact report

3 Reasons ONTF is Risky and 1 Stock to Buy Instead [Yahoo! Finance]

ON24, Inc. (ONTF) 
Company Research Source: Yahoo! Finance
This run-up might have investors contemplating their next move. Is now the time to buy ON24, or should you be careful about including it in your portfolio? Get the full stock story straight from our expert analysts, it's free Why Do We Think ON24 Will Underperform? We're glad investors have benefited from the price increase, but we're sitting this one out for now. Here are three reasons there are better opportunities than ONTF and a stock we'd rather own. 1. Declining Billings Reflect Product and Sales Weakness Billings is a non-GAAP metric that is often called “cash revenue” because it shows how much money the company has collected from customers in a certain period. This is different from revenue, which must be recognized in pieces over the length of a contract. ON24's billings came in at $37.16 million in Q4, and it averaged 5.8% year-on-year declines over the last four quarters. This performance was underwhelming and shows the company faced challenges in acquiring and Show less Read more
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