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via finance.yahoo.comBusiness & Companies

Q2 Earnings Review: Video Conferencing Stocks Led by RingCentral

FROM THE WIRE · FINANCE.YAHOO.COM

Q2 Earnings Review: Video Conferencing Stocks Led by RingCentral (NYSE:RNG) As the Q2 earnings season comes to a close, it's time to take stock of this quarter's best and worst performers in the video conferencing industry, including RingCentral (NYSE:RNG) and its peers. Work is…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishVideo conferencing stocks beat Q2 estimates with revenues 2% above consensus and positive forward guidance.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The 4 tracked stocks beat revenue estimates by 2% in Q2 with Q3 guidance 0.8% above consensus.
  2. 02RingCentral was the best Q2 performer among video conferencing stocks.
  3. 03Sector stocks gained 27.2% on average since latest earnings on demand for integrated communication platforms.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
RingCentral, Inc.RNGStock78.24 USD+0.58%today +2.22%Positive Zoom Communications, Inc.ZMStock94.35 USD+0.21%today -0.44%Positive 8x8, Inc.EGHTStock2.15 USD0.00%today +0.70%Positive Five9, Inc.FIVNStock34.97 USD+0.95%today +3.51%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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