CRTO & RNG Look Good Despite Software & Services Weakness

The Internet-Software & Services industry is highly correlated to the economy; consequently, estimates are moving down as tariffs, inflation and interest rate decisions increase economic uncertainty. The industry appears to be in cost-saving mode as operating expenses are coming down to generate profit despite revenue softness. Capital investments are also being limited, barring a couple of companies. In this background, companies like Criteo (CRTO) and RingCentral (RNG) are shining through for a number o ...