RingCentral (NYSE:RNG – Get Free Report) will be releasing its earnings data after the market closes on Tuesday, May 7th. Analysts expect RingCentral to post earnings of $0.80 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.
RingCentral (NYSE:RNG – Get Free Report) last released its quarterly earnings data on Tuesday, February 20th. The software maker reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.31). The firm had revenue of $571.27 million during the quarter, compared to the consensus estimate of $569.65 million. On average, analysts expect RingCentral to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
RingCentral Price Performance
RingCentral stock opened at $30.49 on Monday. The business has a 50 day moving average of $32.87 and a 200-day moving average of $31.87. RingCentral has a 1 year low of $25.08 and a 1 year high of $43.28. The company has a market capitalization of $2.81 billion, a P/E ratio of -17.42, a P/E/G ratio of 3.23 and a beta of 0.94.
Insider Activity
Analyst Upgrades and Downgrades
Several brokerages recently commented on RNG. Rosenblatt Securities reiterated a “neutral” rating and issued a $35.00 target price on shares of RingCentral in a report on Wednesday, May 1st. Mizuho cut their price target on RingCentral from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Piper Sandler cut their price target on RingCentral from $34.00 to $31.00 and set a “neutral” rating on the stock in a report on Wednesday, February 21st. The Goldman Sachs Group cut their price target on RingCentral from $38.00 to $34.00 and set a “neutral” rating on the stock in a report on Wednesday, February 21st. Finally, Wedbush restated a “neutral” rating and set a $40.00 price target on shares of RingCentral in a report on Friday, February 16th. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.56.
View Our Latest Analysis on RNG
RingCentral Company Profile
RingCentral, Inc, together with its subsidiaries, provides cloud communications, video meetings, collaboration, and contact center software-as-a-service solutions worldwide. The company's products include RingCentral Message Video Phone that provides a unified experience for communication and collaboration across multiple modes, including HD voice, video, SMS, messaging and collaboration, conferencing, online meetings, and fax; RingCentral Contact Center, a collaborative contact center solution that delivers AI-powered omnichannel and workforce engagement solutions with integrated RingCentral MVP; and RingCX, an AI-powered contact center that a native delivers omnichannel experience.
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