RingCentral (NYSE:RNG) Issues Q1 2025 Earnings Guidance

RingCentral (NYSE:RNG) updated its first quarter 2025 earnings guidance on Thursday. The company provided EPS guidance of 0.930-0.970 for the period, compared to the consensus EPS 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.

Analyst Ratings Changes

RNG has been the subject of several analyst reports. Robert W. Baird boosted their target price on shares of RingCentral from $36.00 to $38.00 and gave the company a “neutral” rating in a research note on Monday, November 11th. Raymond James reiterated an “outperform” rating and issued a $45.00 target price (down from $50.00) on shares of RingCentral in a research note on Friday, January 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $42.00 target price on shares of RingCentral in a research note on Monday, November 11th. Barclays cut shares of RingCentral from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $45.00 to $37.00 in a research note on Monday, January 27th. Finally, Morgan Stanley boosted their target price on shares of RingCentral from $38.00 to $40.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, RingCentral currently has an average rating of “Hold” and an average price target of $40.60.

RingCentral Stock Down 3.0 %

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 company has a fifty day simple moving average of $35.02 and a 200-day simple moving average of $34.29.

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

Insider Transactions at RingCentral

In related news, Director Robert I. Theis sold 1,457 shares of the company’s 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 of the company’s stock, valued at approximately $1,084,195.10. This represents a 4.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Ned D. Segal sold 2,914 shares of the company’s 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 directly owns 10,633 shares of the company’s stock, 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 valued at $542,958 over the last 90 days. 6.97% of the stock is currently owned by corporate 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.