Exhibit 99.1 RingCentral® RingCentral Announces Third Quarter 2024 Results Q3 2024 revenue above high end of guidance Achieves GAAP operating profitability in Q3 2024 Raising 2024 revenue, net cash provided by operating activities and free cash flow outlook Belmont, Calif. – November 7, 2024 – RingCentral, Inc. (NYSE: RNG), a global leader in AI-powered trusted business communications for companies of all sizes, today announced financial results for the third quarter ended September 30, 2024. Third Quarter ...

The upcoming report from RingCentral (RNG) is expected to reveal quarterly earnings of $0.92 per share, indicating an increase of 18% compared to the year-ago period. Analysts forecast revenues of $601.91 million, representing an increase of 7.8% year over year. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe. Prior to a company's earnings release, it ...

RingCentral (RNG) is scheduled to report third-quarter 2024 results on Nov. 7. For first-quarter fiscal 2025, earnings are expected to be 92-93 cents per share. The consensus mark for third-quarter 2024 is pegged at 92 cents per share, unchanged in the past 30 days. The figure indicates an increase of 17.95% year over year. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. For the third quarter of 2024, RingCentral expects revenues between $600.5 million and $603.5 million, indicatin ...

Wall Street expects a year-over-year increase in earnings on higher revenues when RingCentral (RNG) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on November 7, 2024, might help the stock move higher if these key numbers are better than ...

OSLO, Norway, Oct. 30, 2024 /PRNewswire/ -- Hexagon Agility, a subsidiary of Hexagon Composites ASA (OSE: HEX.OL) and the world's leading provider of (renewable) natural gas (RNG/CNG) fuel systems, has announced a new wave of orders valued at USD 4.3 million. These orders are for RNG/CNG fuel system installations in trucks powered by Cummins' X15N natural gas engine, designed specifically for the North American heavy-duty commercial truck market. The new orders include over 30 leading Class 8 fleets of whic ...

Core Insights - RingCentral's (RNG) shares have increased by 7.4% over the past month, outperforming the Zacks Computer & Technology sector's growth of 5.6% due to its expanding AI initiatives, particularly the launch of RingCX, an AI-first cloud contact center product [1] - The company's Annual Recurring Revenue (ARR) reached $2.43 billion in Q2 2024, driven by strong demand for its Unified Communications as a Service (UCaaS) and contact center SaaS solutions [2] - RingCentral's strategic partnerships, including a collaboration with Zayo to launch Zayo UC+, are enhancing its AI capabilities and customer experiences [2] Growth Drivers - The expansion into vertical markets such as healthcare, financial services, and retail has significantly contributed to RingCentral's growth, with notable improvements in operational efficiency reported by clients like MedCare Equipment [3] - The enterprise segment has shown strong momentum, with double-digit year-over-year growth in Q2 2024 and nearly 20 deals closed with total contract values exceeding $1 million, alongside a 30% increase in average TCV for large deals [4] - The partnership with Vodafone Business aims to enhance customer experiences across 30 markets by early 2025, further solidifying RingCentral's market position [5] Financial Outlook - For Q3 2024, RingCentral anticipates revenues between $600.5 million and $603.5 million, reflecting an 8% year-over-year growth, with the Zacks Consensus Estimate at $601.9 million, indicating a 7.84% increase from the previous year [6] - The consensus estimate for earnings stands at 92 cents, suggesting a year-over-year growth of 17.95% [7] Investment Considerations - RingCentral's stock is currently viewed as undervalued, with a Value Score of A and a forward 12-month Price/Sales ratio of 1.26, significantly lower than the industry average of 3.40 [8] - The company holds a Zacks Rank 2 (Buy), indicating positive sentiment among analysts [8]

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation metrics to fi ...

RingCentral (RNG) shares have declined 18.3% year to date compared with the Zacks Computer & Technology sector's rise of 12.6%. The underperformance can be attributed to the challenging macroeconomic conditions, unfavorable forex and stiff competition. However, RingCentral's expanding partner base is expected to boost its prospects. It recently partnered with Zayo, a major communications infrastructure provider, to launch Zayo UC+ with RingCentral. This new offering integrates RingCentral's AI-driven, cloud ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, i ...

RingCentral (RNG) shares have gained 1.9% in the past six months, outperforming the Zacks Internet - Software and Services industry's decline of 13.4%. RNG shares have been benefiting from its growing AI initiatives. It recently unveiled new features for its AIbased contact center solution, RingCX. The new AI features include native, real-time AI-powered assistant support for both supervisors and agents. It offers AI-based coaching insights for managers and supervisors and a new Intelligent Virtual Agent (I ...