|Bid||300.10 x 800|
|Ask||301.00 x 1100|
|Day's Range||290.00 - 306.46|
|52 Week Range||120.03 - 306.46|
|Beta (5Y Monthly)||0.64|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 02, 2020 - Nov 06, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||300.22|
RingCentral (RNG) delivered earnings and revenue surprises of 20.00% and 5.72%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
RingCentral earnings and revenue for the June quarter topped analyst estimates while Five9 earnings also came in above Wall Street targets. RingCentral stock fell while Five9 stock gained.
Shares of RingCentral (NYSE:RNG) moved lower by 1.76% after the company reported Q2 results.Quarterly Results Earnings per share were up 14.29% over the past year to $0.24, which beat the estimate of $0.20.Revenue of $277,985,000 rose by 29.20% from the same period last year, which beat the estimate of $263,780,000.Outlook RingCentral hasn't issued any earnings guidance for the time being.Revenue guidance hasn't been issued by the company for now.How To Listen To The Conference Call Date: Aug 03, 2020View more earnings on RNGTime: 05:00 PMET Webcast URL: http://public.viavid.com/player/index.php?id=140707Price Action Company's 52-week high was at $299.7452-week low: $120.03Price action over last quarter: Up 17.78%Company Description RingCentral is a unified-communication-as-a-service, or UCaaS, provider. RingCentral's software provides an easy-to-use, integrated communication application that allows for a single user experience across mobile and desktop applications. The software lets businesses communicate and collaborate using voice, video, text, Internet messaging, and conference calls on a single platform.. Ninety percent of RingCentral's revenue comes from its RingCentral Office application, which is available in four tiers based on integration needs and the number of employees. The company was founded in 1999 and is headquartered in Belmont, California.See more from Benzinga * Stocks That Hit 52-Week Highs On Monday * Earnings Scheduled For August 3, 2020 * Stocks That Hit 52-Week Highs On Friday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.