EPS for RingCentral, Inc. (RNG) Expected At $-0.06

March 23, 2018 - By Clifton Ray

 EPS for RingCentral, Inc. (RNG) Expected At $ 0.06
Investors sentiment decreased to 0.99 in Q3 2017. Its down 0.32, from 1.31 in 2017Q2. It worsened, as 18 investors sold RingCentral, Inc. shares while 62 reduced holdings. 26 funds opened positions while 53 raised stakes. 55.54 million shares or 2.55% more from 54.16 million shares in 2017Q2 were reported.
Los Angeles Cap Mgmt & Equity Research has 20,291 shares for 0% of their portfolio. Moreover, Oakworth Capital has 0% invested in RingCentral, Inc. (NYSE:RNG) for 296 shares. Venator Mgmt invested in 121,508 shares or 5.24% of the stock. Geode Mgmt Ltd reported 524,743 shares stake. Moreover, Wells Fargo & Company Mn has 0.01% invested in RingCentral, Inc. (NYSE:RNG). Schwab Charles reported 287,380 shares. Principal Fin Grp holds 7,363 shares or 0% of its portfolio. Rothschild Asset Mgmt Incorporated holds 85,079 shares. Jefferies Ltd Liability Co stated it has 13 shares. The New York-based Neuberger Berman Group Incorporated Ltd Liability Co has invested 0% in RingCentral, Inc. (NYSE:RNG). Goldman Sachs stated it has 0% of its portfolio in RingCentral, Inc. (NYSE:RNG). Wellington Management Llp invested in 0% or 131,283 shares. 8,862 were accumulated by Falcon Point Capital Limited. G2 Investment Partners Limited Liability Company invested in 3.54% or 214,101 shares. Natl Insur Co Tx reported 110,360 shares.

Since October 2, 2017, it had 0 insider purchases, and 21 sales for $14.38 million activity. Sipes David sold $132,030 worth of RingCentral, Inc. (NYSE:RNG) on Monday, October 2. Dhruv Mitesh sold 3,000 shares worth $187,560. $1.60 million worth of RingCentral, Inc. (NYSE:RNG) shares were sold by Shmunis Vladimir. On Thursday, February 22 the insider Marlow John H sold $803,642.

Analysts expect RingCentral, Inc. (NYSE:RNG) to report $-0.06 EPS on April, 24.They anticipate $0.03 EPS change or 33.33 % from last quarter’s $-0.09 EPS. After having $-0.08 EPS previously, RingCentral, Inc.’s analysts see -25.00 % EPS growth. The stock decreased 1.97% or $1.35 during the last trading session, reaching $67.1. About 465,130 shares traded. RingCentral, Inc. (NYSE:RNG) has risen 80.85% since March 23, 2017 and is uptrending. It has outperformed by 64.15% the S&P500.

RingCentral, Inc. (NYSE:RNG) Ratings Coverage

Among 18 analysts covering RingCentral (NYSE:RNG), 15 have Buy rating, 0 Sell and 3 Hold. Therefore 83% are positive. RingCentral has $81.0 highest and $22 lowest target. $52.19’s average target is -22.22% below currents $67.1 stock price. RingCentral had 61 analyst reports since July 21, 2015 according to SRatingsIntel. Dougherty & Company initiated the stock with “Buy” rating in Wednesday, April 26 report. Robert W. Baird maintained the stock with “Hold” rating in Tuesday, February 13 report. The firm has “Outperform” rating given on Wednesday, December 2 by RBC Capital Markets. The firm has “Strong Buy” rating given on Friday, July 31 by Raymond James. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, December 9. On Thursday, July 13 the stock rating was maintained by Oppenheimer with “Buy”. On Thursday, August 10 the stock rating was downgraded by Robert W. Baird to “Neutral”. As per Thursday, November 9, the company rating was maintained by Craig Hallum. Oppenheimer maintained RingCentral, Inc. (NYSE:RNG) rating on Tuesday, November 3. Oppenheimer has “Outperform” rating and $25 target. The rating was maintained by Jefferies with “Buy” on Friday, June 30.

RingCentral, Inc. provides software-as-a-service solutions for business communications in the United States and internationally. The company has market cap of $5.28 billion. The company??s products include RingCentral Office, a multi-tenant, multi-location, enterprise-grade communications solution that enables employees to communicate through voice, text, team messaging and collaboration, and HD video and Web conferencing, including smartphones, tablets, PCs, and desk phones for businesses that require a communications solution; RingCentral Professional, an inbound call routing subscription with text and fax capabilities primarily for smaller businesses; and RingCentral Fax solution that provides Internet fax capabilities, which allow businesses to send and receive fax documents without the need for a fax machine. It currently has negative earnings. The Company’s products also comprise RingCentral Contact Center, which provides a cloud based contact center solution that delivers multi-channel capabilities; and RingCentral Glip, a team messaging and collaboration solution that allows a range of teams to stay connected through various modes of communication through an integration with RingCentral Office.

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