Ringcentral, Inc. (NYSE:RNG) SaaS solution provider, is expected to report second quarter earnings results, after market close, on Monday 3rd August 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.20 per share.
Looking ahead, the full year income are expected at $ 0.92 per share on the revenues of $ 1120.17 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 1,125.00 million ~ $ 1,135.00 million, where as bottomline are predicted in a range of $ 0.93 ~ $ 0.94 per share
Click Here For More Historical Outlooks Of Ringcentral, Inc.
Previous Quarter Performance
Ringcentral, Inc. unveiled income for the first quarter of $ 0.19 per share, from the revenue of $ 267.51 million. The quarterly earnings boosted 11.76 percent while revenues increased 32.77 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.18 per share from $ 256.65 million in revenue. The bottom line results beat street analysts by $ 0.01 or 5.56 percent, at the same time, top line results outshined analysts by $ 10.86 million or 4.23 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of Ringcentral, Inc.
Stock Performance
According to the previous trading day, closing price of RNG was $ 290.27, representing a 141.83 % increase from the 52 week low of $ 120.03 and a 3.16 % decrease over the 52 week high of $ 299.74.
The company has a market capital of $ 25.52 billion and is part of the Technology sector and Software – Application industry.
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Recent Analyst recommendations
- On 9th June 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 250.00 target price.
Conference Call
Ringcentral, Inc. will be hosting a conference call at 5:00 PM eastern time on 3rd August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ringcentral.com
RingCentral, Inc. provides software-as-a-service solutions that enable businesses to communicate, collaborate, and connect primarily in North America. The companys products include RingCentral Office, provides communication and collaboration across various modes, including high-definition voice, video, SMS, messaging and collaboration, conferencing, online meetings, and fax through smartphones, tablets, PCs, and desk phones; RingCentral Professional, a cloud based virtual telephone service for professionals, as well as provides inbound call answering and management services, and includes inbound local, long-distance, and toll-free minutes; and RingCentral Fax that provides online fax capabilities that allow businesses to send and receive fax documents without a fax machine.
