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Stock impact report

Winners And Losers Of Q4: RingCentral (NYSE:RNG) Vs The Rest Of The Video Conferencing Stocks [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
Let's take a look at how RingCentral (NYSE:RNG) and the rest of the video conferencing stocks fared in Q4. 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 mixed Q4. As a group, revenues beat analysts' consensus estimates by 1.1% while next quarter's revenue guidance was in line. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 25.9% since the latest earnings results. Founded in 1999 during the dot-com era, RingCentral (NYSE:RNG) provides software as a service that unifies phone, text, fax, video calls and chat in one platform. RingCentral reported revenues of $614.5 million, up 7.6% year on year. This print was in line with analysts' expectation Show less Read more
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