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RingCentral(RNG) - 2024 Q1 - Quarterly Report
2024-05-08 05:02
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________________________________________________ FORM 10-Q _________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36089 _____ ...
RingCentral(RNG) - 2024 Q1 - Quarterly Results
2024-05-08 04:46
Exhibit 99.1 RingCentral Announces First Quarter 2024 Results Q1 2024 key metrics above high end of guidance Raising 2024 revenue outlook Share repurchase authorization increased by $250 million Belmont, Calif. – May 7, 2024 – RingCentral, Inc. (NYSE: RNG), a leading provider of AI-driven cloud business communications, contact center, video, and hybrid event solutions, today announced financial results for the first quarter ended March 31, 2024. First Quarter Financial Highlights • Total revenue increased 9 ...
Insights Into RingCentral (RNG) Q1: Wall Street Projections for Key Metrics
Zacks Investment Research· 2024-05-06 22:22
Wall Street analysts expect RingCentral (RNG) to post quarterly earnings of $0.80 per share in its upcoming report, which indicates a year-over-year increase of 5.3%. Revenues are expected to be $577.81 million, up 8.3% from the year-ago quarter.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Prior to a company's earnings announcement, ...
Why RingCentral (RNG) is a Top Value Stock for the Long-Term
Zacks Investment Research· 2024-04-24 22:40
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium also includes the Zacks Style Scores. ...
Ringcentral (RNG) Aids Communication With Giant's Partnership
Zacks Investment Research· 2024-04-13 01:36
Ringcentral (RNG) is expanding its offerings in the realm of enterprise cloud communications through a multi-year partnership with the San Francisco Giants.As the newest enterprise cloud communication partner, RNG seeks to transform Giants’ business communication infrastructure to increase employee and fan engagement within the organization.Utilizing Ringcentral’s flagship solutions such as RingEX and Contact Center solution, the Giants anticipates enhanced collaboration among employees, substantial cost sa ...
RingCentral: Business Continues To Stabilize
Seeking Alpha· 2024-04-08 10:22
RNG业绩表现 - RNG在4Q23的业绩表现良好,订阅收入增长9%,总收入增长9%,ARR总体增长12%[3] - RNG历史上总是超过收入指导,管理层对FY24的指导保守,但实际增长可能超过8.5%[4] - RNG管理层对合作伙伴战略的信心增强,新产品预计到2025年底将达到1000万美元的ARR[7] RNG估值分析 - 根据作者的估值模型,RNG的目标价值为42美元,代表28%的增长[8] - RNG过去一年的前瞻收入为1.95倍,预计FY25的增长将使估值至少维持在当前水平[9] RNG风险与建议 - RNG面临的风险是宏观条件恶化,导致收入增长不及预期,可能对股价造成进一步压力[10] - 总结:建议继续买入RNG,稳定的需求、改善的宏观前景以及合作伙伴关系的潜在增长表明FY24的指导可能被超越[11]
Ringcentral (RNG) Up 14.3% Since Last Earnings Report: Can It Continue?
Zacks Investment Research· 2024-03-22 00:36
It has been about a month since the last earnings report for RingCentral (RNG) . Shares have added about 14.3% in that time frame, outperforming 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 Q4 Earnings Top Estimates, Revenues ...
RingCentral (RNG) Aids Communication Portfolio With Optus Loop
Zacks Investment Research· 2024-03-13 01:11
RingCentral合作与解决方案 - RingCentral与Optus合作推出了名为Optus Loop with RingCentral的云电话解决方案[2][3] - 通过Optus Loop with RingCentral,企业可以提升员工、客户和供应商之间的协作和沟通,无论其所在地或使用的设备,都能实现无缝连接和提高生产力[4] - RingCentral与Microsoft合作整合其企业解决方案,获得了美国共和航空等主要客户的支持[6] RingCentral全球拓展与创新 - RingCentral还推出了全球可用的RingCentral Events,提供虚拟、现场和混合活动的沉浸式解决方案,增强了全球企业的参与度和定制性[8] - RingCentral在医疗保健领域的解决方案表现值得关注,过去18个月内已获得500多个新的医疗保健客户,展示了其在行业中的影响力和相关性[9] - RingCentral引入了统一的患者护理解决方案,与Epic、Cerner和AllScripts等领先的电子健康记录(EHR)提供商无缝集成[10] - 通过与SpinSci的合作,利用RingCentral的人工智能驱动通信套件增强患者参与度,简化工作流程,确保全球医疗组织的安全和高效体验[11] RingCentral业绩展望 - RingCentral旨在通过不断创新、强大的合作伙伴关系和广泛的客户群,拓展机会并提升业绩[12] - RingCentral预计2024年第一季度营收在5.75亿至5.8亿美元之间,同比增长8-9%[13] - 预计每股收益为79-80美分,过去30天内每股收益的共识标记已增加了一分至79美分[14]
Optus, One of the Largest Wireless Carriers in Australia, Selects RingCentral to Power Cloud Communications for Australian Businesses
Businesswire· 2024-03-12 08:35
Optus与RingCentral合作推出联合品牌解决方案 - Singtel Optus Pty Limited (Optus)与RingCentral, Inc.宣布合作推出联合品牌解决方案Optus Loop with RingCentral,为澳大利亚各大小企业提供基于RingCentral可靠、安全、功能丰富的通信平台的云服务[1] - 通过与RingCentral的合作,Optus将为澳大利亚企业提供灵活、价格实惠的云服务,促进员工、客户和供应商之间更好的协作和沟通,随时随地、在任何设备上实现沟通[1] - Optus与RingCentral合作推出的统一通信产品将提供卓越的客户体验,为澳大利亚企业提供灵活、成长性强的解决方案,提高客户生产力,增加选择Optus的理由[3]
Here's Why RingCentral (RNG) is a Strong Momentum Stock
Zacks Investment Research· 2024-03-05 23:55
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.It also includes access to the Zacks Style Scores.W ...