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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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RingCentral (RNG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
The mean of analysts' price targets for RingCentral (RNG) points to a 26.8% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
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