RingCentral (RNG) closed the last trading session at $32.07, gaining 4.3% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $40.28 indicates a 25.6% upside potential. The average comprises 18 short-term price targets ranging from a low of $31 to a high of $52, with a standard deviation of $6.40. While the lowest estimate indicates a decline of 3.3% from the current price level, the m ...

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Coupa's AI-driven total spend management platform empowers RingCentral to optimize spend FOSTER CITY, Calif., Aug. 8, 2024 /PRNewswire/ -- Coupa, the margin multiplier company, today announced that RingCentral, Inc. (NYSE: RNG), a leading provider of AI-driven cloud business communications, contact center, video and hybrid event solutions, has deployed Coupa to help optimize its spend and business operations. After a decade of growing revenues, RingCentral was looking to modernize its back-office operations ...

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 June 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 non-GAAP earnings of 91 cents per share in second-quarter 2024, surpassing the Zacks Consensus Estimate by 3.41% and increasing 9.6% year over year. Net revenues of $593 million comfortably beat the consensus mark by 1.13% and increased 10% year over year. A robust product portfolio and strong subscription revenues drove the upside. Quarter Details Software subscription revenues (95.6% of total revenues) increased 10.4% year over year to $567.1 million, beating the Zacks Consensus ...

RingCentral, Inc. (NYSE:RNG) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Will Wong - VP, IR Vlad Shmunis - Founder, Chairman and CEO Sonalee Parekh - CFO Conference Call Participants Michael Funk - Bank of America Merrill Lynch Siti Panigrahi - Mizuho Meta Marshall - Morgan Stanley Brian Peterson - Raymond James Catharine Trebnick - Rosenblatt William Power - Baird Operator Good day, and welcome to the RingCentral Second Quarter 2024 Earnings Conference Call. All particip ...

For the quarter ended June 2024, RingCentral (RNG) reported revenue of $592.91 million, up 9.9% over the same period last year. EPS came in at $0.91, compared to $0.83 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $586.28 million, representing a surprise of +1.13%. The company delivered an EPS surprise of +3.41%, with the consensus EPS estimate being $0.88. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

RingCentral (RNG) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.88 per share. This compares to earnings of $0.83 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 3.41%. A quarter ago, it was expected that this cloudbased phone system provider for small businesses would post earnings of $0.80 per share when it actually produced earnings of $0.87, delivering a surprise of 8.75%. O ...

Exhibit 99.1 RingCentral® RingCentral Announces Second Quarter 2024 Results Q2 2024 key metrics above high end of guidance Achieves record net cash provided by operating activities and record free cash flow Raising 2024 revenue outlook Belmont, Calif. – August 1, 2024 – RingCentral, Inc. (NYSE: RNG), a leading provider of AI-driven cloud business communications, contact center, video, and hybrid event solutions, today announced financial results for the second quarter ended June 30, 2024. Second Quarter Fin ...

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. Most Powerful Force Impacting Stock Prices As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. H ...