Analysts See $-0.08 EPS for RingCentral, Inc. (RNG)

January 23, 2018 - By Louis Casey

 Analysts See $ 0.08 EPS for RingCentral, Inc. (RNG)
Investors sentiment decreased to 0.99 in 2017 Q3. Its down 0.32, from 1.31 in 2017Q2. It fall, as 18 investors sold RingCentral, Inc. shares while 62 reduced holdings. 26 funds opened positions while 53 raised stakes. 55.54 million shares or 2.55% more from 54.16 million shares in 2017Q2 were reported.
Panagora Asset Management accumulated 11,305 shares. Fmr has 0.02% invested in RingCentral, Inc. (NYSE:RNG) for 4.80 million shares. State Street owns 1.24 million shares or 0% of their US portfolio. Paloma Prtn Mgmt holds 0.03% or 55,817 shares. Amer Century invested 0.01% in RingCentral, Inc. (NYSE:RNG). Barclays Public Limited Co has invested 0% in RingCentral, Inc. (NYSE:RNG). Gilder Gagnon Howe Ltd Liability Corporation holds 1.91% in RingCentral, Inc. (NYSE:RNG) or 3.25M shares. Brandywine Managers stated it has 0.28% in RingCentral, Inc. (NYSE:RNG). Portolan Mgmt Ltd Llc has 155,604 shares for 0.77% of their portfolio. Aqr Mngmt Limited accumulated 55,602 shares. Pitcairn has 0.03% invested in RingCentral, Inc. (NYSE:RNG). Morgan Stanley, a New York-based fund reported 126,767 shares. Atika Cap Ltd Llc holds 1.73% or 144,000 shares. Wealthtrust accumulated 350 shares. California Employees Retirement Sys has 0.01% invested in RingCentral, Inc. (NYSE:RNG).

Since August 16, 2017, it had 0 insider purchases, and 24 insider sales for $19.00 million activity. Another trade for 73,000 shares valued at $3.08M was sold by Shmunis Vladimir. 3,000 shares were sold by Dhruv Mitesh, worth $131,160 on Wednesday, October 4. Williams R Neil sold $869,000 worth of RingCentral, Inc. (NYSE:RNG) on Wednesday, August 16. Sipes David had sold 1,500 shares worth $66,000 on Friday, October 13. $254,580 worth of RingCentral, Inc. (NYSE:RNG) was sold by Marlow John H.

Analysts expect RingCentral, Inc. (NYSE:RNG) to report $-0.08 EPS on February, 12.They anticipate $0.00 EPS change or 0.00 % from last quarter’s $-0.08 EPS. After having $-0.07 EPS previously, RingCentral, Inc.’s analysts see 14.29 % EPS growth. The stock decreased 0.55% or $0.3 during the last trading session, reaching $53.85. About 427,799 shares traded. RingCentral, Inc. (NYSE:RNG) has risen 80.85% since January 23, 2017 and is uptrending. It has outperformed by 64.15% the S&P500.

RingCentral, Inc. (NYSE:RNG) Ratings Coverage

Among 17 analysts covering RingCentral (NYSE:RNG), 14 have Buy rating, 0 Sell and 3 Hold. Therefore 82% are positive. RingCentral had 50 analyst reports since July 21, 2015 according to SRatingsIntel. William Blair maintained RingCentral, Inc. (NYSE:RNG) on Monday, October 23 with “Buy” rating. The company was maintained on Thursday, July 13 by Oppenheimer. Raymond James upgraded the shares of RNG in report on Friday, July 31 to “Strong Buy” rating. The stock of RingCentral, Inc. (NYSE:RNG) earned “Hold” rating by Robert W. Baird on Thursday, October 19. Jefferies maintained the shares of RNG in report on Tuesday, September 5 with “Buy” rating. The rating was maintained by Northland Capital with “Buy” on Thursday, November 9. J.P. Morgan downgraded the stock to “Hold” rating in Tuesday, December 12 report. The firm has “Neutral” rating given on Thursday, August 10 by Robert W. Baird. The firm has “Buy” rating by Jefferies given on Thursday, August 4. The firm has “Buy” rating by Summit Redstone Partners given on Tuesday, June 28.

RingCentral, Inc. provides software-as-a-service solutions for business communications in the United States and internationally. The company has market cap of $4.17 billion. The company??s products include RingCentral Office, a multi-tenant, multi-location, enterprise-grade communications solution that enables employees to communicate through voice, text, team messaging and collaboration, and HD video and Web conferencing, including smartphones, tablets, PCs, and desk phones for businesses that require a communications solution; RingCentral Professional, an inbound call routing subscription with text and fax capabilities primarily for smaller businesses; and RingCentral Fax solution that provides Internet fax capabilities, which allow businesses to send and receive fax documents without the need for a fax machine. It currently has negative earnings. The Company’s products also comprise RingCentral Contact Center, which provides a cloud based contact center solution that delivers multi-channel capabilities; and RingCentral Glip, a team messaging and collaboration solution that allows a range of teams to stay connected through various modes of communication through an integration with RingCentral Office.

More news for RingCentral, Inc. (NYSE:RNG) were recently published by: Businesswire.com, which released: “RingCentral Announces Date of Fourth Quarter and Full Year 2017 Financial …” on January 18, 2018. Livetradingnews.com‘s article titled: “RingCentral Inc (NYSE:RNG) Mixed Signals” and published on January 11, 2018 is yet another important article.

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