RingCentral (NYSE:RNG) Releases FY 2025 Earnings Guidance

RingCentral (NYSE:RNG) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 4.130-4.270 for the period, compared to the consensus 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.

RingCentral Stock Down 3.0 %

Shares of RingCentral stock opened at $30.78 on Friday. The stock’s fifty day simple moving average is $35.02 and its 200 day simple moving average is $34.29. RingCentral has a 12 month low of $26.98 and a 12 month high of $42.19.

RingCentral (NYSE:RNG) last announced its quarterly earnings data on Thursday, February 20th. The software maker reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.73). RingCentral had a negative net margin of 4.17% and a negative return on equity of 2.55%. As a group, research analysts anticipate that RingCentral will post 0.84 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on RNG. Robert W. Baird boosted their price objective on RingCentral from $36.00 to $38.00 and gave the stock a “neutral” rating in a report on Monday, November 11th. Morgan Stanley lifted their price target on shares of RingCentral from $38.00 to $40.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Barclays downgraded shares of RingCentral from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $45.00 to $37.00 in a research report on Monday, January 27th. Mizuho dropped their price target on shares of RingCentral from $42.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $42.00 price target on shares of RingCentral in a research report on Monday, November 11th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $40.60.

Insider Activity

In other RingCentral news, Director Robert I. Theis sold 1,457 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $37.79, for a total value of $55,060.03. Following the completion of the sale, the director now owns 28,690 shares in the company, valued at approximately $1,084,195.10. This trade represents a 4.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ned D. Segal sold 2,914 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $41.60, for a total transaction of $121,222.40. Following the completion of the sale, the director now owns 10,633 shares of the company’s stock, valued at approximately $442,332.80. This trade represents a 21.51 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,091 shares of company stock worth $542,958. Company insiders own 6.97% of the company’s stock.

RingCentral Company Profile

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.