RingCentral Announces First Quarter 2022 Results

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Go back to RingCentral Announces First Quarter 2022 Results

RingCentral (RNG) PT Lowered to $100 at Jefferies

May 10, 2022 8:40 AM EDT

Jefferies analyst Samad Samana lowered the price target on RingCentral (NYSE: RNG) to $100.00 (from $120.00) while maintaining a Buy rating following earnings.

The analyst commented, "RNG beat consensus for total rev, ARR and margins. While the headline #'s were solid, sub rev and... More

RingCentral, Inc. (RNG) Tops Q1 EPS by 5c; Raises Outlook

May 9, 2022 4:04 PM EDT

RingCentral, Inc. (NYSE: RNG) reported Q1 EPS of $0.39, $0.05 better than the analyst estimate of $0.34. Revenue for the quarter came in at $468 million versus the consensus estimate of $458.67 million.

GUIDANCE:

RingCentral, Inc. sees Q2 2022 EPS of $0.40-$0.41, versus the consensus of $0.38.... More