Why Shares of Several Cloud Communications Experts Crashed Last Month [The Motley Fool]
RingCentral, Inc. Class A (RNG)
Last ringcentral, inc. class a earnings: 2/10 04:05 pm
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Source: The Motley Fool
Why Shares of Several Cloud Communications Experts Crashed Last Month Vonage, 8x8, and RingCentral rode sector peer Twilio's coattails more than 10% lower in September. Here's how. Shares of cloud-based communications specialists had a tough month in September. According to data from S&P Global Market Intelligence , RingCentral 's ( NYSE:RNG ) shares fell 11% while 8x8 ( NYSE:EGHT ) took a 14.5% haircut and Vonage ( NYSE:VG ) saw a 14.8% drop. All of these drops were tied to sector peer Twilio ( NYSE:TWLO ) , as that provider of platforms around which programmers can build custom a cloud-based communications systems took a 15.7% dip. Twilio's pain, which was mirrored by the other cloud communications, hinged on a sharp drop on Monday, Sept. 9. The company didn't do anything to deserve that sudden sell-off, other than trading at rich valuation multiples in the cloud computing sector. Many stocks meeting that description followed Twilio more than 10% lower that day, all on extraordin
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News
- 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
- 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
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