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

A number of research firms have commented on RNG. Mizuho decreased their target price on shares of RingCentral from $42.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, February 10th. Wells Fargo & Company reissued an “underweight” rating and set a $30.00 price target (down previously from $38.00) on shares of RingCentral in a research report on Tuesday, January 7th. StockNews.com raised shares of RingCentral from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Robert W. Baird increased their price target on shares of RingCentral from $36.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, November 11th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $45.00 price target on shares of RingCentral in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $40.60.

RingCentral Trading Down 3.0 %

Shares of RingCentral stock opened at $30.78 on Friday. RingCentral has a 52 week low of $26.98 and a 52 week high of $42.19. The firm’s 50 day moving average is $35.02 and its two-hundred day moving average is $34.29.

RingCentral (NYSE:RNG) last announced its quarterly earnings results on Thursday, February 20th. The software maker reported $0.23 EPS 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%. On average, sell-side analysts anticipate that RingCentral will post 0.84 EPS for the current year.

Insider Buying and Selling at RingCentral

In other news, Director Ned D. Segal sold 2,914 shares of the firm’s 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 approximately $442,332.80. This trade represents a 21.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert I. Theis sold 1,457 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $37.79, for a total transaction of $55,060.03. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,091 shares of company stock worth $542,958 over the last three months. 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.