RingCentral (RNG) PT Lowered to $100 at Jefferies

RingCentral (RNG) PT Lowered to $110 at Needham & Company

Needham & Company analyst Ryan Koontz lowered the price target on RingCentral (NYSE: RNG) to $110.00 (from $225.00) while maintaining a Buy rating.... More

RingCentral (RNG) Shares Gain on 'Strong' Results, Oppenheimer Upgrades to Outperform

Shares of RingCentral (NYSE: RNG) are up more than 6% in premarket trading Tuesday after the company reported better than expected Q1 results and surpassed expectations on Q2 and FY EPS forecasts.

RNG reported Q1 adjusted EPS of 39c, up from 27c in the year-ago period and above the consensus estimates of 34c. Revenue came in at $467.7 million, up 33% YoY and above the analyst expectations of $458.3 million. The company generated $439.9 million in software subscription revenue, up 35% YoY.

Looking ahead to Q2, RingCentral expects Q2 in the range of $475.5... More

RingCentral (RNG) PT Lowered to $120 at Truist Securities

Truist Securities analyst Terry Tillman lowered the price target on RingCentral (NYSE: RNG) to $120.00 (from $295.00) while maintaining a Buy rating.... More

RingCentral (RNG) PT Lowered to $110 at Deutsche Bank

Deutsche Bank analyst Matthew Niknam lowered the price target on RingCentral (NYSE: RNG) to $110.00 (from $210.00) while maintaining a Buy rating.... More

RingCentral (RNG) PT Lowered to $150 at Mizuho Securities

Mizuho Securities analyst Siti Panigrahi lowered the price target on RingCentral (NYSE: RNG) to $150.00 (from $220.00) while maintaining a Buy rating.... More

RingCentral (RNG) PT Lowered to $150 at Wells Fargo

Wells Fargo analyst Michael Turrin lowered the price target on RingCentral (NYSE: RNG) to $150.00 (from $185.00) while maintaining a Overweight rating.... More

RingCentral (RNG) Lead Metrics Decelerate, PT Lowered to $118 at Piper Sandler

Piper Sandler analyst James Fish lowered the price target on RingCentral (NYSE: RNG) to $118.00 (from $228.00) after the company reported decelerating lead metrics and one of the smallest Q1 upsides to date. Despite this, shares are slightly higher premarket, due to strong billings, a 120... More

RingCentral (RNG) PT Lowered to $130 at Evercore ISI as Fundamentals Hold Up While Multiples Compress

Evercore ISI analyst Peter Levine lowered the price target on RingCentral (NYSE: RNG) to $130.00 (from $225.00) after strong 1Q results and an upbeat CY22 outlook offered enough momentum to guide to another year of +30% growth despite the $2bn run-rate.

The analyst reiterated an Outperform rating,... More

Oppenheimer Upgrades RingCentral (RNG) to Outperform

Oppenheimer analyst Timothy Horan upgraded RingCentral (NYSE: RNG) from Perform to Outperform with a price target of $100.00.

For an analyst ratings summary and ratings history on RingCentral click here. For more ratings news on RingCentral click here.

Shares of RingCentral closed at $68.66 yesterday.

RingCentral (RNG) PT Lowered to $135 at Raymond James

Raymond James analyst Brian Peterson lowered the price target on RingCentral (NYSE: RNG) to $135.00 (from $300.00) while maintaining a Strong Buy rating.... More

RingCentral (RNG) PT Lowered to $80 at Wolfe Research

Wolfe Research analyst Alex Zukin lowered the price target on RingCentral (NYSE: RNG) to $80.00 (from $115.00) while maintaining a Outperform rating.... More

RingCentral (RNG) PT Lowered to $84 at UBS

UBS analyst Taylor McGinnis lowered the price target on RingCentral (NYSE: RNG) to $84.00 (from $165.00) while maintaining a Neutral rating.... More

RingCentral (RNG) PT Lowered to $105 at Morgan Stanley

Morgan Stanley analyst Meta Marshall lowered the price target on RingCentral (NYSE: RNG) to $105.00 (from $165.00) while maintaining a Equalweight rating.... More

After-Hours Stock Movers 05/09: AMC, RingCentral Gain on Earning; Upstart, GoodRx Plunge Lower (more...)

After-Hours Stock Movers:

Upstart Holdings (NASDAQ: UPST) 42% LOWER; reported Q1 EPS of $0.61, $0.07 better than the analyst estimate of $0.54. Revenue for the quarter came in at $310 million versus the consensus estimate of $300.25 million. Upstart Holdings sees Q2 2022 revenue of $295-305 million, versus the consensus of $335 million.

GoodRx Holdings, Inc. (NASDAQ: GDRX) 35% LOWER; reported Q1 EPS of $0.10, $0.02 better than the analyst estimate of $0.08. Revenue for the quarter came in at $203.3 million versus the consensus estimate of $200.2 million.... More

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

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

RingCentral, Inc. (RNG) Appoints Sonalee Parekh as CFO

RingCentral, Inc. (NYSE: RNG) today announced that Sonalee Parekh has been appointed as RingCentrals Chief Financial Officer and will join the Company in her new role by May 31, 2022. Parekh will be responsible for all the companys financial functions, including financial planning,... More

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

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