RingCentral Announces Second Quarter 2024 Results
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August 2, 2024 6:54 AM EDT
Rosenblatt analyst Catharine Trebnick upgraded RingCentral (NYSE: RNG) from Neutral to Buy with a price target of $45.00.
The analyst comments "RingCentral's 2Q results significantly exceeded expectations across all key metrics, solidifying our confidence in the company's growth trajectory and prompting us to upgrade our rating to Buy. Total revenue... More
August 2, 2024 5:06 AM EDT
Evercore ISI analyst Peter Levine raised the price target on RingCentral (NYSE: RNG) to $37.00 (from $35.00) while maintaining a In Line rating.
The analyst comments "Bottom line: While valuation at these levels may appear washed out, from our perspective, we struggle... More
August 1, 2024 4:07 PM EDT
RingCentral, Inc. (NYSE: RNG) reported Q2 EPS of $0.91, $0.03 better than the analyst estimate of $0.88. Revenue for the quarter came in at $593 million versus the consensus estimate of $586.39 million.
GUIDANCE:
RingCentral, Inc. sees FY2024 EPS of $3.62-$3.67, versus the consensus of $3.63.... More
