RingCentral has launched a search for a new top finance executive, as its CFO, Sonalee Parekh, will resign, effective Sept. 10.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
RNG's growing AI prowess with the extension of AI-supported features of its contact center solution, RingCX, makes the stock attractive.
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The average of price targets set by Wall Street analysts indicates a potential upside of 25.6% in RingCentral (RNG). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
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RingCentral's (RNG) second-quarter 2024 results benefit from a robust product portfolio and strong subscription revenue growth.
RingCentral, Inc. (NYSE:RNG ) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Will Wong - VP, IR Vlad Shmunis - Founder, Chairman and CEO Sonalee Parekh - CFO Conference Call Participants Michael Funk - Bank of America Merrill Lynch Siti Panigrahi - Mizuho Meta Marshall - Morgan Stanley Brian Peterson - Raymond James Catharine Trebnick - Rosenblatt William Power - Baird Operator Good day, and welcome to the RingCentral Second Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode.
Although the revenue and EPS for RingCentral (RNG) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
RingCentral (RNG) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.88 per share. This compares to earnings of $0.83 per share a year ago.
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