RingCentral (RNG) Tops Q3 EPS by 4c

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Go back to RingCentral (RNG) Tops Q3 EPS by 4c

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

Summit Research Upgrades RingCentral (RNG) to Buy

November 3, 2015 9:07 AM EST

Summit Research upgraded RingCentral (NYSE: RNG) from Hold to Buy with a price target of $25.00.

Analyst Jonathan Kees commented, "Solid 3Q15 (Sep) quarter due to strength in large deals and carrier sales; upgrading to BUY from HOLD due to expectations of continued strength in... More