RingCentral (NYSE:RNG) Issues FY 2025 Earnings Guidance

RingCentral (NYSE:RNG) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 4.130-4.270 for the period, compared to the consensus EPS estimate of 4.220. The company issued revenue guidance of $2.5 billion-$2.5 billion, compared to the consensus revenue estimate of $2.6 billion. RingCentral also updated its Q1 2025 guidance to 0.930-0.970 EPS.

Analyst Upgrades and Downgrades

Several research firms have issued reports on RNG. Morgan Stanley increased their target price on shares of RingCentral from $38.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Needham & Company LLC reiterated a “buy” rating and issued a $42.00 target price on shares of RingCentral in a research note on Monday, November 11th. Barclays cut shares of RingCentral from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $45.00 to $37.00 in a research note on Monday, January 27th. Robert W. Baird increased their target price on shares of RingCentral from $36.00 to $38.00 and gave the stock a “neutral” rating in a research note on Monday, November 11th. Finally, Wedbush increased their target price on shares of RingCentral from $36.00 to $41.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $40.60.

RingCentral Trading Down 3.0 %

Shares of NYSE:RNG opened at $30.78 on Friday. The company’s fifty day moving average is $35.02 and its 200 day moving average is $34.29. RingCentral has a 52 week low of $26.98 and a 52 week high of $42.19.

RingCentral (NYSE:RNG) last issued its earnings results on Thursday, February 20th. The software maker reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.73). RingCentral had a negative return on equity of 2.55% and a negative net margin of 4.17%. As a group, sell-side analysts forecast that RingCentral will post 0.84 EPS for the current fiscal year.

Insider Buying and Selling

In other RingCentral news, Director Robert I. Theis sold 1,457 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $37.79, for a total value of $55,060.03. Following the sale, the director now owns 28,690 shares of the company’s stock, valued at $1,084,195.10. This trade represents a 4.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP John H. Marlow sold 8,720 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $42.05, for a total transaction of $366,676.00. Following the completion of the sale, the senior vice president now directly owns 334,869 shares in the company, valued at approximately $14,081,241.45. This trade represents a 2.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,091 shares of company stock worth $542,958 in the last 90 days. 6.97% of the stock is owned by company insiders.

About RingCentral

RingCentral, Inc, together with its subsidiaries, provides cloud communications, video meetings, collaboration, and contact center software-as-a-service solutions worldwide. The company’s products include RingCentral Message Video Phone that provides a unified experience for communication and collaboration across multiple modes, including HD voice, video, SMS, messaging and collaboration, conferencing, online meetings, and fax; RingCentral Contact Center, a collaborative contact center solution that delivers AI-powered omnichannel and workforce engagement solutions with integrated RingCentral MVP; and RingCX, an AI-powered contact center that a native delivers omnichannel experience.