RingCentral Announces Third Quarter 2021 Results

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RingCentral (RNG) PT Raised to $400 at Needham & Company on Blowout Quarter

November 10, 2021 6:58 AM EST

Needham & Company analyst Ryan Koontz raised the price target on RingCentral (NYSE: RNG) to $400.00 (from $360.00) while maintaining a Buy rating.

The analyst commented, "RNG delivered a terrific 3Q21, beating consensus revenue and EPS (by +5%/+$0.03) and guiding 4Q21 3% ahead of consensus. Thwarting... More

RingCentral, Inc. (RNG) Tops Q3 EPS by 3c, Offers Guidance

November 9, 2021 4:27 PM EST

RingCentral, Inc. (NYSE: RNG) reported Q3 EPS of $0.36, $0.03 better than the analyst estimate of $0.33. Revenue for the quarter came in at $415 million versus the consensus estimate of $393.42 million.

GUIDANCE:

RingCentral, Inc. sees Q4 2021 revenue of $433.5-434.5 million, versus the consensus of $420.6... More