Ringcentral is a Zoom customer. They provide video services, among other things, to customers with a white label version of Zoom that they put their logo on. It should track the same as ZM, which has been overbought and overbought and overbought. But it makes you wonder if it really is overbought. Companies, schools, churches, funerals... everyone is needing these services!
Trump extended social distancing until end of April. Does anyone think that we are all going back to work in May?
Let's face it. We are going to be WFH until there is a vaccine. Even if "we" are going back to work in May. There will be many people that won't feel comfortable going to school and work for a month or two maybe longer. Socially we will allow these folks to WFH indefinitely, because otherwise we would be imposing our ideals on to other people, which is against what "we" are about, man...
comb.io/JHpA2C.gif
TL;DR
ZM and RNG are strong no matter what. Absolute requirement for business and life as we know it right now. Buy any dips you see!
Trump extended social distancing until end of April. Does anyone think that we are all going back to work in May?
Let's face it. We are going to be WFH until there is a vaccine. Even if "we" are going back to work in May. There will be many people that won't feel comfortable going to school and work for a month or two maybe longer. Socially we will allow these folks to WFH indefinitely, because otherwise we would be imposing our ideals on to other people, which is against what "we" are about, man...
comb.io/JHpA2C.gif
TL;DR
ZM and RNG are strong no matter what. Absolute requirement for business and life as we know it right now. Buy any dips you see!