RingCentral Stock Rises As Earnings, Revenue Top Estimates [Investor's Business Daily]
RingCentral, Inc. Class A (RNG)
Last ringcentral, inc. class a earnings: 2/10 04:05 pm
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ir.ringcentral.com
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Source: Investors Business Daily
Related news RingCentral ( RNG ) on Monday reported third-quarter profit and revenue ahead of analyst views and forecast December quarter sales and earnings slightly above Wall Street estimates. RingCentral stock climbed in after-hours trading. The enterprise software maker said adjusted earnings were 19 cents a share, up 46% from a year ago, with revenue rising 33% to $174 million. Analysts expected RingCentral to report earnings of 16 cents on sales of $166.7 million for the period ended Sept. 30. A year earlier, RingCentral earned 13 cents a share on sales of $130 million. RingCentral said third-quarter software subscription revenue jumped 32% to $158 million. That topped estimates of $153.3 million. For the December quarter, RingCentral said it expects revenue in a range of $179 million to $182 million. The company forecast adjusted earnings of 18 cents a share at its midpoint of guidance , a penny above estimates. Shares in the maker of cloud-based business communications softwa
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RNG
News
- RingCentral, Inc. (NYSE: RNG) had its price target lowered by analysts at Morgan Stanley from $35.00 to $32.00. They now have an "equal weight" rating on the stock.MarketBeat
- RingCentral Announces Date of First Quarter 2024 Financial Results Conference Call [Yahoo! Finance]Yahoo! Finance
- RingCentral Announces Date of First Quarter 2024 Financial Results Conference CallBusiness Wire
- Ooma Office Wins PCMag 2024 Business Choice Award For VoIP Service [Yahoo! Finance]Yahoo! Finance
- Ringcentral (RNG) Aids Communication With Giant's Partnership [Yahoo! Finance]Yahoo! Finance
RNG
Earnings
- 2/20/24 - Beat
RNG
Sec Filings
- 4/3/24 - Form 4
- 4/1/24 - Form 144
- 3/15/24 - Form 4
- RNG's page on the SEC website