Shares of the award-winning maker of multi-stream collaboration solutions, Oblong Inc. (OBLG) were up 13.03% at $2.95 just before the start of the regular session today. Last session, OBLG stock closed at $2.61, an increase of 1.56% or $0.04. Oblong stock fluctuated throughout the day from $2.51 to $2.65. OBLG stock traded 28573 shares during the session, less than its 50-day daily volume of 0.17 million and less than its year-to-date volume of 0.22 million. Following announcing the release of its quarterly results, OBLG stock is rising.
When will OBLG Stock release its financials?
Innovative and patented technologies from Oblong change the way people work, create and communicate. OBLG’s flagship product Mezzanine enables both in-room and remote collaborators to achieve situational awareness through simultaneous content sharing. OBLG’s Mezzanine systems support Fortune 500 enterprise customers, and it is a Cisco Solutions Plus ecosystem partner.
According to a press release issued earlier this week, Oblong will release its second quarter 2021 results after the market close on Wednesday, August 11, 2021. OBLG stock will also hold a conference call at 4:30 PM ET the same day. The webcast of the OBLG call will also be available live accessible at http://public.viavid.com/index.php?id=146196. Peter Holst, CEO, and David Clark, CFO will participate on the call, and a replay will be available for two weeks starting on August 11, 2021, at approximately 7:30 PM ET by dialing 1-844-512-2921 or 1-412-317-6671 internationally.
Also recently, Oblong announced that one of the world’s leading entertainment companies has chosen its Mezzanine product to ‘re-invent the meeting space’ for 8,000 employees who are returning to work. OBLG’s Mezzanine product is uniquely designed to deliver an engaging experience to this customer who has built an incredible global business on disruptive innovation. The agreement specifies that OBLG stock will install Mezzanine at its Los Gatos and Los Angeles locations.
Which aspects of the staffing industry is OBLG observing?
Staffing industry data confirms the intention of most employers to return employees to work during the fall, though it is unlikely that all employees will return at the same time. A key challenge for employers is to ensure that a safe interactive technology environment is available for on- and off-site collaboration between staff members. A variety of factors will influence the return, including vaccination rates, spatial constraints, state and local restrictions, scheduling, and many others, which requires scalable, flexible solutions that engage team members across various locations and devices.
Why was OBLG chosen?
Oblong (OBLG)’s Mezzanine has been selected to participate in a cutting-edge program designed to transform how employees work and interact in their workspaces. No matter what the new work environment looks like, OBLG stock facilitates team collaboration, engagement, and engagement across multiple locations through Mezzanine.
