RingCentral Is Set To Break Out [Seeking Alpha]
RingCentral, Inc. Class A (RNG)
Last ringcentral, inc. class a earnings: 2/10 04:05 pm
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US:NYSE Investor Relations:
ir.ringcentral.com
Company Research
Source: Seeking Alpha
SummaryRingCentral's stock appears to be preparing for a breakout above the $250 level.The company has strong annual revenue growth of 34% and positive free cash flow. The long-term prospects for UCaaS are good. RingCentral is the leader in this industry.The stock price is very overvalued and being long going into the next earnings release is risky.These are difficult times, not only for people and companies but also for analysts such as myself who must evaluate companies with little information to work on during the pandemic. Today, I am covering RingCentral, Inc. (RNG(Source: RingCentral)But the short term is another matter. The COVID-19 pandemic is driving up valuations of video conferencing stocks such as Zoom (ZMFIVNSome analysts believe that RingCentral will also be a WFH beneficiary. In my opinion, RingCentral will likely have a difficult quarter and perhaps year as companies not already employing RingCentral's products will probably not begin to use them, at least not immediat
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RNG
News
- RingCentral, Inc. (NYSE: RNG) had its price target raised by analysts at Morgan Stanley from $38.00 to $40.00. They now have an "equal weight" rating on the stock.MarketBeat
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RNG
Earnings
- 11/7/24 - Beat
RNG
Sec Filings
- 12/17/24 - Form 4
- 12/13/24 - Form 144
- 12/13/24 - Form 144
- RNG's page on the SEC website