Alert: New Earnings Report (11/6/23)-RingCentral Inc (NYSE: RNG).


RingCentral Inc (NYSE: RNG) has reported a loss for its third fiscal quarter (ending September 30) of $-0.45 versus a loss $-2.98 for the same period a year ago. This result fell short of the consensus estimate of $0.75 by $-1.20. For the latest four quarters through September 30, E.P.S. were $-4.21 versus $-7.53 for the same period a year ago.


Recent Price Action

RingCentral Inc (NYSE: RNG) stock declined slightly by -0.2% on 11/6/23. The stock closed at $28.25. The stock has risen 11.7% during the last week and has performed in line with the market over the last nine months.

Current PriceTarget Research Rating

RNG’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to be a major Value Eraser.

RingCentral is currently unrated.

Rating Review

The stock is currently unrated.

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