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

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

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 Shares Up 3% Following Q1 Beat and Raise, Names New CFO

May 9, 2022 5:22 PM EDT

RingCentral, Inc. (NYSE: RNG) shares rose around 3% after-hours following the companys reported Q1 results, with EPS coming in at $0.39, compared to the consensus estimate of $0.34.

Revenue increased 33% year-over-year to $468 million, compared to the consensus estimate of $458.67 million. Subscriptions revenue rose 35% year-over-year to $440 million.... More