RingCentral (NYSE:RNG) Releases Q1 2025 Earnings Guidance

RingCentral (NYSE:RNG) updated its first quarter 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.930-0.970 for the period, compared to the consensus estimate of 1.010. The company issued revenue guidance of $607.0 million-$612.0 million, compared to the consensus revenue estimate of $627.5 million. RingCentral also updated its FY 2025 guidance to 4.130-4.270 EPS.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Barclays lowered shares of RingCentral from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $45.00 to $37.00 in a report on Monday, January 27th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $45.00 price target on shares of RingCentral in a research note on Friday, November 8th. StockNews.com downgraded shares of RingCentral from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 12th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $30.00 price target (down from $38.00) on shares of RingCentral in a research note on Tuesday, January 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $42.00 price target on shares of RingCentral in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.60.

RingCentral Stock Down 3.0 %

Shares of NYSE:RNG traded down $0.96 on Thursday, hitting $30.78. The company had a trading volume of 2,385,007 shares, compared to its average volume of 1,130,021. RingCentral has a 1 year low of $26.98 and a 1 year high of $42.19. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of -29.04, a P/E/G ratio of 1.39 and a beta of 1.01. The firm’s 50-day simple moving average is $35.24 and its two-hundred day simple moving average is $34.32.

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

Insider Transactions at RingCentral

In related news, SVP John H. Marlow sold 8,720 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The shares were 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. The trade was a 2.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ned D. Segal sold 2,914 shares of RingCentral stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $41.60, for a total transaction of $121,222.40. Following the transaction, the director now directly owns 10,633 shares in the company, valued at $442,332.80. This represents a 21.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,091 shares of company stock worth $542,958 over the last three months. 6.97% of the stock is currently owned by company insiders.

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.