RingCentral Announces Second Quarter 2021 Results

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RingCentral (RNG) Bear Thesis Addressed at Mizuho

August 5, 2021 1:05 PM EDT

Mizuho Securities analyst Siti Panigrahi reiterated a Buy rating and $400.00 price target on RingCentral (NYSE: RNG) after addressing the bear thesis. The analyst sees a "compelling buying opportunity."

The analyst commented, "Despite strong Q2 results, RNG shares have sold off... More

RingCentral, Inc. (RNG) Tops Q2 EPS by 4c

August 3, 2021 4:45 PM EDT

RingCentral, Inc. (NYSE: RNG) reported Q2 EPS of $0.32, $0.04 better than the analyst estimate of $0.28. Revenue for the quarter came in at $379 million versus the consensus estimate of $359.51 million.

GUIDANCE:

RingCentral, Inc. sees FY2021 EPS of $1.28-$1.30, versus the consensus of $1.26.... More