RingCentral (RNG) closed the last trading session at $30.76, gaining 7.4% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $39 indicates a 26.8% upside potential.The average comprises 20 short-term price targets ranging from a low of $28 to a high of $52, with a standard deviation of $6.42. While the lowest estimate indicates a decline of 9% from the current price level, the most op ...

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Lightning Renewables joint venture targets bringing approximately 40 landfill gas-to-renewable natural gas plants online in coming years.Fort Wayne plant is the largest Archaea Modular Design in Indiana, processing up to 6,400 standard cubic feet of landfill gas per minute (scfm), enough energy to heat more than 25,000 homes, according to the EPA Landfill Gas Energy Benefits calculator.HOUSTON and PHOENIX and FORT WAYNE, Ind., June 13, 2024 /PRNewswire/ -- Today, Archaea Energy, a subsidiary of bp (NYSE: BP ...

A month has gone by since the last earnings report for RingCentral (RNG) . Shares have added about 1.5% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is RingCentral due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. RingCentral Q1 Earnings Top Estimates, Revenues Up ...

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RingCentral (RNG) reported non-GAAP earnings of 87 cents per share in first-quarter 2024, surpassing the Zacks Consensus Estimate by 8.75% and increasing 14.5% year over year.Net revenues of $584 million comfortably beat the consensus mark by 1.11% and increased 9.5% year over year. A robust product portfolio and strong subscription revenues drove the upside.Quarter DetailsSoftware subscription (95.4% of total revenues) revenues increased 9.7% year over year to $557.5 million, beating the Zacks Consensus Es ...

财务数据和关键指标变化 - 第一季度总收入增长9%至5.84亿美元,超出公司指引的上限 [10] - 年度经常性收入(ARR)增长10%至24亿美元,其中企业ARR增长13%连续第四个季度保持两位数增长 [10][47] 各条业务线数据和关键指标变化 - 订阅收入增长10%至5.57亿美元,超出公司指引的上限 [47] - 整体ARPU再次超过30美元,新产品ARPU明显高于整体ARPU [48] - 订阅毛利率保持在82%的水平 [48] 各个市场数据和关键指标变化 - 企业ARR增长13%至10.2亿美元,公司在金融、医疗、零售等垂直行业赢得了多个百万美元TCV的大单 [48][49] 公司战略和发展方向及行业竞争 - 公司专注于可靠性、解决复杂用例、提供集成的UCaaS和CCaaS平台等优势,在金融、医疗、零售等垂直行业占据主导地位,预计这些行业未来还有1亿个座席可转化 [17][18][19][20][21] - 公司在与微软Teams的竞争中取得进展,超过一半的大单客户同时使用Teams和公司解决方案 [15][16] - 公司持续创新,推出了新的旗舰UCaaS产品RingEX,并获得了Enterprise Connect大奖 [26][27][28][29][30] - 公司新产品RingCX、RingSense for Sales和RingCentral Events都取得了良好进展,客户数量快速增长 [31][32][34][35][36][39][40] - 公司的合作伙伴网络包括15,000多家渠道合作伙伴、多家大型OEM合作伙伴以及全球主要电信运营商,是公司持续增长的重要驱动力 [41][42][43][44] 管理层对经营环境和未来前景的评论 - 公司对宏观环境和当前业务趋势保持相对稳定的预期,没有进一步的重大改善或恶化 [59] - 公司提高了全年收入指引,并大幅提升了自由现金流指引,反映了公司业务的强劲表现 [61][62][63] - 公司在产品创新、盈利能力和自由现金流方面取得了显著进步,有望持续创造长期股东价值 [66] 问答环节重要的提问和回答 问题1 **Kash Rangan 提问** 企业ARR增长快于整体公司,是什么驱动了企业业务的强劲表现? [69] **Vlad Shmunis 回答** 公司产品领先,持续创新,特别是在可靠性、解决复杂用例和垂直行业整合方面的优势,加上公司对企业市场的重点关注,是推动企业业务增长的关键因素 [70][71][72][73][74][75][76][77][78][79] 问题2 **Samad Samana 提问** 大单客户的签约过程和公司的定价策略是什么? [87][88][89][90][91][92][93][94] **Vlad Shmunis 和 Sonalee Parekh 回答** 大单客户的签约周期通常为1-2年,公司在可靠性、功能特性和垂直行业解决方案等方面的优势是关键竞争优势 [88][89][90][91][92] 公司没有对大客户提供任何特殊折扣,上游客户转向预付费模式是由于企业客户群体占比提高所致 [93][94] 问题3 **Ryan MacWilliams 提问** 在宏观环境不确定的情况下,公司的销售渠道和新产品管线情况如何? [96][97][98][99][100] **Vlad Shmunis 和 Sonalee Parekh 回答** 公司对企业和中小企业市场都保持谨慎乐观,企业市场销售管线保持良好,中小企业市场有望在未来恢复增长 [97][98][99][100][101][102][103][104][105] 公司在新产品RingCX、RingSense和RingCentral Events方面都取得了良好进展,有望在未来实现100万美元ARR目标 [109][110][111][112][113][114][115][116]

Q1 2024 Earnings Presentation May 7, 2 ...

For the quarter ended March 2024, RingCentral (RNG) reported revenue of $584.21 million, up 9.5% over the same period last year. EPS came in at $0.87, compared to $0.76 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $577.81 million, representing a surprise of +1.11%. The company delivered an EPS surprise of +8.75%, with the consensus EPS estimate being $0.80.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how t ...

RingCentral (RNG) came out with quarterly earnings of $0.87 per share, beating the Zacks Consensus Estimate of $0.80 per share. This compares to earnings of $0.76 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.75%. A quarter ago, it was expected that this cloud-based phone system provider for small businesses would post earnings of $0.83 per share when it actually produced earnings of $0.86, delivering a surprise of 3.61%.O ...