Performance and Market Position - RingCentral's shares have appreciated 20.2% in the past six months, outperforming the Zacks Computer & Technology sector's return of 2.9% and the Zacks Internet - Software and Services industry's growth of 6.2% [1] - The company has outperformed peers like Sabre (14.6% gain), NetEase (-2.2% loss), and Okta (-11.3% loss) during the same period [1] Growth Drivers - RingCentral's outperformance is driven by expanding AI initiatives, strong demand for its cloud phone system, a growing customer base, and a solid network of partners [2] - The company leverages AI to enhance product offerings such as RingCX, RingSense, and RingCentral Events, improving customer experience and streamlining business communications [3] - Strong demand for Unified Communications as a Service (UCaaS) and contact center Software-as-a-Service solutions continues to benefit the company [3] Financial Targets and Estimates - RingCentral aims to reach at least $100 million in exit annual recurring revenue from new products by the end of 2025 [4] - The Zacks Consensus Estimate for first-quarter fiscal 2025 earnings is $1 per share, indicating a 14.94% year-over-year growth [10] - First-quarter fiscal 2025 revenue estimates are $625.21 million, suggesting a 7.02% year-over-year increase [11] - Fiscal 2025 earnings are estimated at $4.19 per share, reflecting a 13.61% increase from fiscal 2024 [11] - Fiscal 2025 revenue is projected at $2.57 billion, indicating a 7.32% year-over-year growth [11] Partnerships and Global Expansion - RingCentral's partnerships with industry leaders like Verizon and AT&T enhance service accessibility and distribution [5] - The company has expanded its global presence, offering its AI-powered contact center, RingCX, in six countries: the United States, Canada, the U.K., France, Germany, and Australia [7][8] - RingCentral recently received a PAN-India license, allowing it to operate across all 22 telecommunications circles in India, making it the first cloud provider to offer fully compliant UCaaS and CCaaS solutions nationwide [9] Customer and Product Growth - RingCentral Events gained over 100 customers in Q3 2024, including Fortune 500 company Trimble [6] - Key customers such as Block, DHL, eBay, NYU, Rutgers, and TELUS renewed their relationships with RingCentral [6] - The company partnered with Verint to enhance RingCX, strengthening its presence in the Contact Center as a Service (CCaaS) market [7] Earnings Performance - RingCentral's earnings have beaten the Zacks Consensus Estimate in the trailing four quarters, with an average surprise of 4.76% [12]

RingCentral (NYSE: RNG ) looks poised to outperform in 2025. The stock recently corrected about 17% down to $35 after hitting its 52-week high of $42. However, the stock looks attractive as RingCentral is undervalued with strong expected above-average revenue andDavid focuses on growth & momentum stocks that are reasonably priced and likely to outperform the market over the long-term. He is a long term investor of quality stocks and uses options for strategy. David told investors to buy in March 2009 at the ...

Aiming for 15 RNG projects to be operational by 2027, the organization also adds a VP of Commercial to its executive leadership teamDALLAS, Dec. 11, 2024 /PRNewswire/ -- LF Bioenergy, a renewable natural gas (RNG) company that partners with farmers to produce energy from methane capture, today announced the expansion of its RNG project footprint with four operating facilities and two under construction across the U.S. The operational RNG projects result in a cumulative environmental benefit equal to reducin ...

For RingCentral, Inc. (NYSE: RNG ) stock thus far, it has been a forgettable year, as it comfortably lags broader-market gains. The stock has dropped 5% in value over the past six months, while the S&P 500 is up a healthy 12%. On the operational end, though, the unifiedMuslim Farooque is a leading financial journalist and market analyst with over five years of expertise in covering the stock and cryptocurrency markets. His work has been widely featured on platforms such as Seeking Alpha, InvestorPlace, Guru ...

Tired of losing money? Our Tech Contrarians team of Wall Street analysts sifts through the noise in the tech industry and captures outperformers through a coveted research process. We let the work speak for itself here .We’re picking up our coverage of RingCentral, Inc. (NYSE: RNG ); the last article we wrote on RingCentral dates back to December 2022. We now update our thoughts on the stock and seek toAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies me ...

RingCentral (RNG) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Individual inves ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________________________________________________ FORM 10-Q _________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36089 _ ...

RingCentral (RNG) reported third-quarter 2024 non-GAAP earnings of 95 cents per share, beating the Zacks Consensus Estimate by 3.26% and increasing 21.8% year over year.RNG’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the earnings surprise being 4.60%, on average.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Net revenues of $608.8 million comfortably beat the consensus mark by 1.14% and increased 9.1% year over year. A robust product portfolio and ...

RingCentral, Inc. (NYSE:RNG) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Will Wong - Vice President, Investor Relations Vlad Shmunis - Founder, Chairman & Chief Executive Officer Vaibhav Agarwal - Senior Vice President of FP&A and Chief Accounting Officer Conference Call Participants Kash Rangan - Goldman Sachs Siti Panigrahi - Mizuho Damien Grangeon - Barclays Michael Turrin - Wells Fargo Billy Fitzsimmons - Jefferies Operator Hello, and welcome to the RingCentral Thir ...

RingCentral (RNG) reported $608.77 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 9.1%. EPS of $0.95 for the same period compares to $0.78 a year ago.The reported revenue represents a surprise of +1.14% over the Zacks Consensus Estimate of $601.91 million. With the consensus EPS estimate being $0.92, the EPS surprise was +3.26%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall S ...