RingCentral(RNG)
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Here's Why RingCentral (RNG) is a Strong Momentum Stock
Zacks Investment Research· 2024-03-05 15:55
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.It also includes access to the Zacks Style Scores.W ...
Here's Why RingCentral (RNG) is a Strong Growth Stock
Zacks Investment Research· 2024-02-22 15:51
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium includes access to the Zacks Style Scores a ...
RingCentral (RNG) Q4 Earnings Top Estimates, Revenues Up Y/Y
Zacks Investment Research· 2024-02-21 18:01
RingCentral (RNG) reported fourth-quarter 2023 non-GAAP earnings of 86 cents per share, which surpassed the Zacks Consensus Estimate by 3.61% and increased 43.3% year over year.Net revenues of $571.3 million comfortably beat the consensus mark of $570 million and increased 8.9% year over year.Quarter DetailsSoftware subscription (95.8% of total revenues) revenues increased 9.1% year over year to $547.4 million. Other revenues (4.2% of total revenues) increased 3.3% year over year to $23.9 million.Annualized ...
RingCentral(RNG) - 2023 Q4 - Annual Report
2024-02-21 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________________________________________________________________ FORM 10-K ______________________________________________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to Commission File Number: ...
RingCentral(RNG) - 2023 Q4 - Earnings Call Transcript
2024-02-21 02:36
RingCentral, Inc. (NYSE:RNG) Q4 2023 Earnings Conference Call February 20, 2024 5:00 PM ET Company Participants Will Wong - VP, IR Vlad Shmunis - Founder, Chairman and CEO Sonalee Parekh - CFO Conference Call Participants Meta Marshall - Morgan Stanley Siti Panigrahi - Mizuho Terry Tillman - Truist Securities Ryan MacWilliams - Barclays Michael Funk - Bank of America Samad Samana - Jefferies Kash Rangan - Goldman Sachs Ryan Koontz - Needham Brian Peterson - Raymond James Operator Good afternoon and welcome ...
Here's What Key Metrics Tell Us About RingCentral (RNG) Q4 Earnings
Zacks Investment Research· 2024-02-21 01:01
For the quarter ended December 2023, RingCentral (RNG) reported revenue of $571.27 million, up 8.9% over the same period last year. EPS came in at $0.86, compared to $0.60 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $569.65 million, representing a surprise of +0.29%. The company delivered an EPS surprise of +3.61%, with the consensus EPS estimate being $0.83.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stre ...
RingCentral (RNG) Q4 Earnings and Revenues Surpass Estimates
Zacks Investment Research· 2024-02-20 23:21
RingCentral (RNG) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.60 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.61%. A quarter ago, it was expected that this cloud-based phone system provider for small businesses would post earnings of $0.76 per share when it actually produced earnings of $0.78, delivering a surprise of 2.63%.O ...
RingCentral calls for lower 2024 sales than Wall Street expects, and the stock falls
Market Watch· 2024-02-20 23:02
RingCentral Inc. shares fell more than 6% in the extended session Tuesday after the cloud-based communications company reported fourth-quarter earnings largely in line with Wall Street expectations, but its sales guidance for the year and for the current quarter fell short. RingCentral RNG, +0.72% lost $47 million, or 50 cents a share, in the fourth quarter, compared with a loss of $284 million, or $2.97 a share, in the same period last year. Adjusted for one-item items, the cloud-based communications ...
RingCX Achieves Industry Leadership Recognition and Market Momentum as Businesses Prioritize AI-first Customer Service
Businesswire· 2024-02-20 21:05
BELMONT, Calif.--(BUSINESS WIRE)--RingCentral, Inc. (NYSE: RNG), a leading provider of AI-driven cloud business communications, contact center, video and hybrid event solutions, today announced that RingCX™, a native, AI-first contact center with capabilities powered by its RingSense™ AI platform, has been identified as a Leader in the Aragon Research Globe for the Intelligent Contact Center, SMB, amid increasing momentum in customer adoption. In the Aragon Research report published today, RingCX was nam ...
Unlocking Q4 Potential of RingCentral (RNG): Exploring Wall Street Estimates for Key Metrics
Zacks Investment Research· 2024-02-14 15:21
Wall Street analysts forecast that RingCentral (RNG) will report quarterly earnings of $0.83 per share in its upcoming release, pointing to a year-over-year increase of 38.3%. It is anticipated that revenues will amount to $569.65 million, exhibiting an increase of 8.6% compared to the year-ago quarter.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial pr ...