Health Catalyst, MongoDB, Asana, Domo, and RingCentral Stocks Trade Up, What You Need To Know

As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at video conferencing stocks, starting with 8x8 .

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 satisfactory Q3. As a group, revenues beat analysts’ consensus estimates by 1.3% while next quarter’s revenue guidance was 0.9% below.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 8.8% since the latest earnings results.

Best Q3: 8x8

Named after its founding year (1987) with "8x8" representing binary code for communications, 8x8 provides cloud-based contact center and unified communications solutions that enable businesses to manage customer interactions and internal communications through a single platform.

8x8 reported revenues of $184.1 million, up 1.7% year on year. This print exceeded analysts’ expectations by 3.3%. Overall, it was a strong quarter for the company with an impressive beat of analysts’ EBITDA estimates and a decent beat of analysts’ revenue estimates.

“Our second quarter performance reflected progress against our strategic priorities,” said Samuel Wilson, Chief Executive Officer at 8x8, Inc.

8x8 scored the biggest analyst estimates beat but had the slowest revenue growth and slowest revenue growth of the whole group. Investor expectations, however, were likely higher than Wall Street’s published projections, leaving some wishing for even better results (analysts’ consensus estimates are those published by big banks and advisory firms, not the investors who make buy and sell decisions). The stock is down 5.9% since reporting and currently trades at $1.68.

Zoom

Once the verb that defined remote work during the pandemic ("let's Zoom later"), Zoom provides a cloud-based platform for video meetings, phone calls, team chat, and collaboration tools that helps businesses and individuals connect virtually.

Zoom reported revenues of $1.23 billion, up 4.4% year on year, outperforming analysts’ expectations by 1.3%. The business had a strong quarter with an impressive beat of analysts’ EBITDA estimates and EPS guidance for next quarter beating analysts’ expectations.

Zoom scored the highest full-year guidance raise among its peers. The company added 89 enterprise customers paying more than $100,000 annually to reach a total of 4,363. The market seems content with the results as the stock is up 3.9% since reporting. It currently trades at $81.64.

Weakest Q3: RingCentral

Built on its proprietary Message Video Phone (MVP) platform that unifies multiple communication methods, RingCentral provides AI-driven cloud communications and collaboration solutions that enable businesses to connect through voice, video, messaging, and contact center services.

RingCentral reported revenues of $638.7 million, up 4.9% year on year, in line with analysts’ expectations. It was a slower quarter as it posted revenue guidance for next quarter missing analysts’ expectations significantly and billings in line with analysts’ estimates.

As expected, the stock is down 13.2% since the results and currently trades at $25.98.

Read our full analysis of RingCentral’s results here.

Five9

Taking its name from the "five nines" (99.999%) standard for optimal service reliability in telecommunications, Five9 provides cloud-based software that enables businesses to run their contact centers with tools for customer service, sales, and marketing across multiple communication channels.

Five9 reported revenues of $285.8 million, up 8.2% year on year. This number was in line with analysts’ expectations. Taking a step back, it was a mixed quarter as it also logged a solid beat of analysts’ EBITDA estimates but revenue guidance for next quarter slightly missing analysts’ expectations.

Five9 delivered the fastest revenue growth but had the weakest performance against analyst estimates among its peers. The stock is down 19.7% since reporting and currently trades at $17.42.

Read our full, actionable report on Five9 here, it’s free.

What Happened?

A number of stocks traded in opposite directions in the afternoon session after geopolitical tensions between the United States and the European Union escalated, sparking fears of a renewed trade war. 

The broader markets adopted a "risk-off" mode, with investors seeking safe-haven assets amidst the uncertainty. The market's primary fear gauge, the VIX, jumped to a fresh eight-week high, signaling rising investor anxiety. The dispute, centered on Greenland, raised the possibility of a revived trade conflict, which could disrupt global supply chains and economic activity. 

Mega-cap technology stocks, many of which have significant international sales and operations, were particularly affected by the souring risk sentiment as a potential trade war threatened their global business models.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

Among others, the following stocks were impacted:

• Data Storage company MongoDB fell 3.5%. Is now the time to buy MongoDB? Access our full analysis report here, it’s free.
• Data Infrastructure company C3.ai fell 1.3%. Is now the time to buy C3.ai? Access our full analysis report here, it’s free.
• Advertising Software company LiveRamp jumped 0.2%. Is now the time to buy LiveRamp? Access our full analysis report here, it’s free.
• Lending Software company Upstart fell 3.6%. Is now the time to buy Upstart? Access our full analysis report here, it’s free.
• Data Storage company DigitalOcean fell 2.9%. Is now the time to buy DigitalOcean? Access our full analysis report here, it’s free.

Zooming In On Upstart (UPST)

Upstart’s shares are extremely volatile and have had 69 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 15 days ago when the stock gained 9% as investor attention turned to the annual CES 2026 technology conference in Las Vegas, with artificial intelligence emerging as a central theme. 

Attention shifted to tech giants, whose CEOs would headline the event. This focus continued the AI-fuelled momentum that drove market gains the previous year. The rally had global reach, with an MSCI Asia Pacific Index surge being driven by heavyweight chip names like Samsung and Taiwan Semiconductor Manufacturing Company. The event reinforced investor confidence in the long-term demand for the booming AI and chipmaking trend, boosting shares of companies across the semiconductor and technology space.

Upstart is flat since the beginning of the year, and at $45.43 per share, it is trading 48.8% below its 52-week high of $88.77 from February 2025. Investors who bought $1,000 worth of Upstart’s shares 5 years ago would now be looking at an investment worth $822.71.

Let’s dig into the relative performance of Asana and its peers as we unravel the now-completed Q3 productivity software earnings season.

Rising employee costs and the shift to more remote work has increased the ever-present pressure to improve corporate productivity, which in turn has driven rising demand for productivity software that enables remote work, streamline project management and automate business tasks.

The 17 productivity software stocks we track reported a strong Q3. As a group, revenues beat analysts’ consensus estimates by 2.6% 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 11.1% since the latest earnings results.

Asana

Born from the founders' frustration with the inefficiencies of email-based collaboration at Facebook, Asana provides a work management platform that helps organizations track projects, set goals, and manage workflows in a centralized digital workspace.

Asana reported revenues of $201 million, up 9.3% year on year. This print exceeded analysts’ expectations by 1.1%. Overall, it was a strong quarter for the company with EPS guidance for next quarter exceeding analysts’ expectations and an impressive beat of analysts’ EBITDA estimates.

The stock is down 13.9% since reporting and currently trades at $11.58.

Best Q3: Pegasystems

With a "Center-out Business Architecture" approach that transcends organizational silos, Pegasystems develops software that helps organizations automate workflows and use artificial intelligence to improve customer experiences and business processes.

Pegasystems reported revenues of $381.4 million, up 17.3% year on year, outperforming analysts’ expectations by 8.5%. The business had a stunning quarter with an impressive beat of analysts’ billings estimates and a solid beat of analysts’ EBITDA estimates.

Pegasystems scored the biggest analyst estimates beat among its peers. Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 6.7% since reporting. It currently trades at $53.22.

Weakest Q3: SoundHound AI

Born from the idea that machines should understand human speech as naturally as people do, SoundHound AI develops voice recognition and conversational intelligence technology that enables businesses to integrate voice assistants into their products and services.

SoundHound AI reported revenues of $42.05 million, up 67.6% year on year, exceeding analysts’ expectations by 2.7%. Still, it was a softer quarter as it posted a significant miss of analysts’ EBITDA estimates and a miss of analysts’ billings estimates.

As expected, the stock is down 23.5% since the results and currently trades at $10.99.

Read our full analysis of SoundHound AI’s results here.

monday.com

With its colorful interface of boards, columns, and automation that replaced the chaos of spreadsheets, monday.com is a cloud-based work operating system that helps teams manage projects, track tasks, and streamline workflows through customizable interfaces.

monday.com reported revenues of $316.9 million, up 26.2% year on year. This number surpassed analysts’ expectations by 1.4%. Aside from that, it was a mixed quarter as it also logged a solid beat of analysts’ EBITDA estimates but revenue guidance for next quarter slightly missing analysts’ expectations.

The company added 291 enterprise customers paying more than $50,000 annually to reach a total of 3,993. The stock is down 29.5% since reporting and currently trades at $133.75.

Read our full, actionable report on monday.com here, it’s free.

Atlassian

Started by two Australian university friends who funded their startup with credit cards, Atlassian provides software tools that help teams plan, track, collaborate, and share knowledge across organizations.

Atlassian reported revenues of $1.43 billion, up 20.6% year on year. This print topped analysts’ expectations by 2.2%. More broadly, it was a slower quarter as it logged full-year revenue guidance missing analysts’ expectations and a significant miss of analysts’ billings estimates.

Atlassian had the weakest full-year guidance update among its peers. The stock is down 20% since reporting and currently trades at $128.58.

Read our full, actionable report on Atlassian here, it’s free.