RingCentral Named by Google as One of the First Solutions in “Recommended for Google Apps for Work”

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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