RingCentral Selected by Teachers College, Columbia University to Modernize Communication and Collaboration

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Go back to RingCentral Selected by Teachers College, Columbia University to Modernize Communication and Collaboration

Oppenheimer Raises Price Target on Ringcentral, Inc. (RNG) Following 3Q Results and 4Q Guidance

November 3, 2015 10:00 AM EST

Oppenheimer reiterated an Outperform rating on RingCentral (NYSE: RNG), and raised the price target to $25.00 (from $23.00), following the company's 3Q15 earnings report. Total revenue of $76.8M was ~$1.9M above consensus and PF EPS of breakeven was $0.04 better than consensus. Total revenue guidance of $80-81M is above the $79.6M... More