RingCentral stock rises on company's earnings beat, increased guidance [MarketWatch]
RingCentral, Inc. Class A (RNG)
Last ringcentral, inc. class a earnings: 2/10 04:05 pm
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Source: MarketWatch
RingCentral stock rises on company's earnings beat, increased guidance Shares of RingCentral Inc. RNG, -2.66% rose more than 5% in the extended session Monday after the software company beat Wall Street expectations for the third quarter and raised its 2018 guidance. RingCentral lost $9.5 million, or 12 cents a share, in the quarter, compared with breakeven results in the year-ago period. Adjusted for one-time items, RingCentral earned $16 million, or 19 cents a share, compared with $11 million, or 13 cents a share, for the third quarter of 2017. Sales rose 33% to $174 million, compared with $130 million a year ago. Analysts polled by FactSet had expected RingCentral to report adjusted earnings of 16 cents a share on sales of $167 million. RingCentral said it expects 2018 revenue between $664 million and $667 million, up from a prior range between $649 million and $656 million. Full-year adjusted EPS was seen between 71 cents and 73 cents, compared with a previous expectation of 66
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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