RingCentral (NYSE:RNG) Azioni

RINGCENTRAL INC-CLASS A

RingCentral

RingCentral is a unified communications as a service, or UCaaS, provider. Its software helps users communicate and collaborate via voice, video, and messaging across all device types and all from one platform. RingCentral helps customers modernize and move from legacy on-premises systems to modern, cloud-based systems. Beyond its core RingCentral MVP solution, RingCentral also offers a cloud-based contact center solution, a stand-alone video meetings solution, and webinars.

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Keybanc analyst Jackson Ader initiates coverage on RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) with a Sector Weight rating.

Initiation

Analyst Ratings

Keybanc Initiates Coverage On RingCentral with Sector Weight Rating

Mizuho analyst Siti Panigrahi maintains RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) with a Neutral and raises the price target from $25 to $27.

Price Target

Mizuho Maintains Neutral on RingCentral, Raises Price Target to $27

UBS analyst Taylor McGinnis maintains RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) with a Neutral and lowers the price target from $38 to $33.

UBS Maintains Neutral on RingCentral, Lowers Price Target to $33

Wedbush analyst Daniel Ives maintains RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) with a Neutral and lowers the price target from $38 to $30.

Wedbush Maintains Neutral on RingCentral, Lowers Price Target to $30

Raymond James maintains RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) with a Outperform and lowers the price target from $40 to $35.

Raymond James Maintains Outperform on RingCentral, Lowers Price Target to $35

Piper Sandler analyst James Fish maintains RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) with a Neutral and raises the price target from $25 to $28.

Piper Sandler Maintains Neutral on RingCentral, Raises Price Target to $28

RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) is looking for Q2 Adj EPS of $1.00-$1.04 vs $1.02 analyst estimate. sees sales of $614.000 million-$620.000 million vs $620.28 million analyst estimate.

Guidance

RingCentral Sees Q2 Adj EPS $1.00-$1.04 vs $1.02 Est; Sees Sales $614.000M-$620.000M vs $620.28M Est

RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) reported quarterly earnings of $1.00 per share which beat the analyst consensus estimate of $0.96 by 4.17 percent. This is a 14.94 percent increase over earnings of $0.87 per share from the same period last year. The company reported quarterly sales of $612.06 million which beat the analyst consensus estimate of $610.55 million by 0.25 percent. This is a 4.77 percent increase over sales of $584.21 million the same period last year.

Earnings

Earnings Beats

RingCentral Q1 Adj. EPS $1.00 Beats $0.96 Estimate, Sales $612.06M Beat $610.55M Estimate

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Earnings Scheduled For May 8, 2025

Rosenblatt analyst Catharine Trebnick maintained RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) with a Buy and lowered the <a target="_blank" href="https://www.benzinga.com/quote/RNG/analyst-ratings" rel="noreferrer noopener">price forecast from&nbsp;$40&nbsp;to&nbsp;$28</a> on Thursday.
Trebnick reduced her price forecast due to lower revenue projections for fiscal 2025 and 2026, reflecting ongoing economic uncertainty and recent leadership transitions.
The analyst remarked RingCentral as a stock for patient investors.
Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/04/44878679/whats-going-on-with-zoom-shares-today" rel="noreferrer noopener">Zoom Shares Rise After Global Outage Reminds Investors of Platform&#8217;s Reach and Reliability Stakes</a>
The new products are gaining traction, but she expected slower growth with the economic backdrop and increased competition across the partner channel.
The new price forecast of $28 (from $40) reflects ~1.5 times (from ~2 times) Trebnick&#8217;s revenue estimate of 6% Y/ Y in fiscal 2026.
RingCentral&#8217;s stock is trading at 1.3 times EV/calendar 2026 Sales, which are growing at 6% Y/Y, and a discount to its CCaaS group average of 2.5 times, which is growing at 8% Y/Y.
The analyst decreased her fiscal 2025 revenue growth rate to 4.4%, which is below the low point of the guidance (+5% CC growth).
Trebnick&#8217;s fiscal 2025 estimate has been revised to $2.506 billion (+4.4% growth) from $2.510 billion (+4.6% growth) and below the Street&#8217;s $2.516 billion (+4.8% growth).
Similarly, the analyst decreased her fiscal 2026 estimate to $2.656 billion (+6% growth) from $2.680 billion (+7% growth), which is below the Street&#8217;s $2.665 billion (+6% growth).
For fiscal 2025, Trebnick&#8217;s operating income moves to $561 million (22.4% margin), down from ($563 million) and below the current Street estimate ($565 million).
For fiscal 2026, the analyst&#8217;s adjusted operating income is $623 million (23.5% margin), just slightly below the current Street estimate of $622 million (23.3% margin).
Due to the deceleration of sales volume, Trebnick adjusted her fiscal 2025 adjusted EPS to $4.19 (from $4.20).
Looking ahead to fiscal 2026, the analyst&#8217;s adjusted EPS of $4.66 (down from $4.70) and below the current Street estimate of $4.68.
The three modules, RingCX, RingEvents, and RingSense, are expected to drive $100 million in ARR in fiscal 2025, and with this strong start, Trebnick anticipates this will be incremental to the target.
RingCX has gone +700 in one year. RingCentral has introduced several new products, AI Interaction Analytics, AI Agent Assist, and AI Supervisor Assist, which should drive incremental revenue in the second half of 2025 and into fiscal 2026.
Price Action: RNG stock closed higher by 6.38% to $25.01 on Thursday.
Read Next:
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<li><a href="https://www.benzinga.com/news/earnings/25/04/44978860/stmicro-calls-out-bottom-in-q1-forecasts-q2-rebound-focusing-on-cost-cuts" target="_blank" rel="noreferrer noopener">STMicro Calls Out Bottom In Q1, Forecasts Q2 Rebound Focusing On Cost Cuts</a></li>
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Analyst Color

Reiteration

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RingCentral A Stock for Patient Investors, AI Tools And New Products Show Early Promise: Analyst

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Shares of software companies are trading higher amid overall market strength due to March's strong durable goods orders economic data, and President Trump's announcement that he met with China earlier today. Also, the industry may be moving up ahead of Alphabet's earnings report scheduled for after market close.

Rosenblatt analyst Catharine Trebnick maintains RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) with a Buy and lowers the price target from $40 to $28.

Rosenblatt Maintains Buy on RingCentral, Lowers Price Target to $28

Wells Fargo analyst Michael Turrin maintains RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) with a Underweight and lowers the price target from $30 to $22.

Wells Fargo Maintains Underweight on RingCentral, Lowers Price Target to $22

Morgan Stanley analyst Meta Marshall maintains RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) with a Equal-Weight and lowers the price target from $40 to $29.

Morgan Stanley Maintains Equal-Weight on RingCentral, Lowers Price Target to $29

Mizuho analyst Siti Panigrahi maintains RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) with a Neutral and lowers the price target from $32 to $25.

Mizuho Maintains Neutral on RingCentral, Lowers Price Target to $25

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Shares of companies in the broader software sector are trading lower as stocks pull back after surging Wednesday following President Trump's tariff pause announcement.

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Shares of software ant IT stocks are trading higher following President Trump's decision to implement a 90-day pause on reciprocal tariffs for all countries except China.

Baird analyst William Power maintains RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) with a Neutral and lowers the price target from $38 to $32.

Baird Maintains Neutral on RingCentral, Lowers Price Target to $32

UBS analyst Taylor McGinnis maintains RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) with a Neutral and lowers the price target from $40 to $38.

UBS Maintains Neutral on RingCentral, Lowers Price Target to $38

Raymond James analyst Brian Peterson maintains RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) with a Outperform and lowers the price target from $45 to $40.

Raymond James Maintains Outperform on RingCentral, Lowers Price Target to $40

Press Releases

Cox Business Launches New Unified Communications Solutions

RingCentral Highlights AI Momentum and Innovation that Transforms Customer Experiences

RingCentral to Announce First Quarter 2025 Financial Results On May 8, 2025

RingCentral Announces RingCX for Salesforce Service Cloud Voice on Salesforce AppExchange

RingCentral Recognized by Frost & Sullivan with the 2025 Global Customer Value Leadership Award for Excellence in Web Events

RingCentral Announces First Quarter 2025 Results

RingCentral to Present at Upcoming Investor Conference

Management

EverCommerce Appoints Amy Guggenheim Shenkan to Its Board of Directors

RingCentral Breaks Down UCaaS-CCaaS Silos with New Customer Journey Analytics Launched at CCW Las Vegas '25

RingCentral Announces General Availability of AI Receptionist (AIR)

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RingCentral

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