RingCentral Announces First Quarter 2019 Results

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RingCentral (RNG) PT Raised to $135 at Rosenblatt

May 7, 2019 7:34 AM EDT

Rosenblatt analyst Ryan Koontz raised the price target on RingCentral (NYSE: RNG) to $135.00 (from $105.00) while maintaining a Buy rating.

The analyst commented, "RNG posted 1Q19 revenue and earnings results that were solidly ahead of our estimates and the company guided the balance of 2019... More

Ringcentral, Inc. (RNG) Tops Q1 EPS by 2c; Raises Outlook

May 6, 2019 4:06 PM EDT

Ringcentral, Inc. (NYSE: RNG) reported Q1 EPS of $0.17, $0.02 better than the analyst estimate of $0.15. Revenue for the quarter came in at $201 million versus the consensus estimate of $193.54 million.

GUIDANCE:

Ringcentral, Inc. sees FY2019 EPS of $0.71-$0.75, versus the consensus of... More