RingCentral: Business Continues To Stabilize [Seeking Alpha]
RingCentral, Inc. Class A (RNG)
Last ringcentral, inc. class a earnings: 2/10 04:05 pm
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US:NYSE Investor Relations:
ir.ringcentral.com
Company Research
Source: Seeking Alpha
The company's conservative guidance for FY24 subscription revenue growth may be beatable, as historical trends suggest that RNG has consistently exceeded its revenue guidance. The upcoming catalyst for growth and positive sentiment is the success of RNG's partnership strategy, along with the introduction of new products that are expected to contribute to future growth. Overview My recommendation for RingCentral ( NYSE: RNG ) is a buy rating as the business continues to show signs of stabilization that I am looking out for. My view on the recent pullback in share price is that the market is wary about the soft FY24 guide, which I think is beatable based on historical trends plus an improving macro outlook. The upcoming catalyst that could improve stock sentiment is when RNG delivers positive growth inflection from its partnership strategy. Note that I previously upgraded to a buy rating as I saw signs of stabilization and am positive about management's portfolio expansion strate
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RNG
News
- RingCentral, Inc. (NYSE: RNG) had its "neutral" rating re-affirmed by analysts at Rosenblatt Securities. They now have a $35.00 price target on the stock.MarketBeat
- RingCentral Expands Platform Leadership with RingSense AI APIs and Workflow Builder [Yahoo! Finance]Yahoo! Finance
- RingCentral Expands Platform Leadership with RingSense AI APIs and Workflow BuilderBusiness Wire
- Why RingCentral (RNG) is a Top Value Stock for the Long-Term [Yahoo! Finance]Yahoo! Finance
- One-In-Four Satisfied Customers Don't Come Back [Forbes]Forbes
RNG
Earnings
- 2/20/24 - Beat
RNG
Sec Filings
- 4/24/24 - Form 10-K/A
- 4/3/24 - Form 4
- 4/1/24 - Form 144
- RNG's page on the SEC website