Craig Hallum downgraded RingCentral from Buy to Hold and set a new price target of $38.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/27/2025 | $45.00 → $37.00 | Overweight → Equal Weight | Barclays |
| 1/7/2025 | $38.00 → $30.00 | Equal Weight → Underweight | Wells Fargo |
| 1/3/2025 | $50.00 → $45.00 | Strong Buy → Outperform | Raymond James |
| 12/13/2024 | $42.00 | Outperform → Neutral | Mizuho |
| 8/2/2024 | $45.00 | Neutral → Buy | Rosenblatt |
| 12/20/2023 | $36.00 | Overweight → Equal Weight | Wells Fargo |
| 12/12/2023 | $40.00 → $35.00 | Buy → Hold | Jefferies |
| 10/23/2023 | $52.00 → $35.00 | Buy → Neutral | Rosenblatt |
AI digital employee for businesses of all sizes Easy to deploy, easy to use, no IT setup required RingCentral, Inc. (NYSE:RNG), a global leader in AI-powered trusted business communications, today introduced RingCentral AI Receptionist™ (AIR), an AI phone agent that uses generative AI to automatically answer customer questions and transfer callers to the right place, much like traditional full-time receptionists do. Unlike contact center intelligent virtual agents (IVAs), which are complex and costly to deploy, RingCentral AIR™ is embedded into the RingCentral phone system and enables any business to easily deploy this AI call automation solution to transform their business. This press re
RingCentral, Inc. (NYSE:RNG), a global leader in AI-powered trusted business communications, today announced that it has appointed Kira Makagon, current Chief Innovation Officer and CMO, as President and Chief Operating Officer, effective today. Makagon will be responsible for the Company's product and technology organization, direct and channel sales, customer success, marketing, and operations organizations. Vlad Shmunis, RingCentral's Founder, Chairman, and CEO, said, "Kira's visionary leadership at RingCentral spans over a decade, spearheading our product innovation and establishing our brand as an industry leader. Kira's proven track record of building high-performing teams and her de
Q4 2024 revenue and operating margin above guidance range with record cash flow Exceeded $50 million ARR from new products Kira Makagon promoted to President and Chief Operating Officer RingCentral, Inc. (NYSE:RNG), a global leader in AI-powered trusted business communications for companies of all sizes, today announced financial results for the fourth quarter and fiscal year ended December 31, 2024. "We had a good fourth quarter, capping a strong year," said Vlad Shmunis, RingCentral's founder and CEO. "Our new AI-powered products are gaining steam, and today we unveiled RingCentral AI Receptionist, or AIR, which we believe will deliver tremendous value to businesses everywhere. Buildi
RingCentral, Inc. (NYSE:RNG), a global leader in AI-powered trusted business communications, today announced that it has appointed Kira Makagon, current Chief Innovation Officer and CMO, as President and Chief Operating Officer, effective today. Makagon will be responsible for the Company's product and technology organization, direct and channel sales, customer success, marketing, and operations organizations. Vlad Shmunis, RingCentral's Founder, Chairman, and CEO, said, "Kira's visionary leadership at RingCentral spans over a decade, spearheading our product innovation and establishing our brand as an industry leader. Kira's proven track record of building high-performing teams and her de
RingCentral, Inc. (NYSE:RNG), a leading global provider of trusted AI communications for businesses of all sizes, today announced that Abhey Lamba has been appointed Chief Financial Officer and will join in his new role in the coming weeks. Lamba will be responsible for all the Company's financial functions, including financial planning, controllership, tax, treasury, corporate development and investor relations. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241107140330/en/Abhey Lamba, courtesy of RingCentral A seasoned finance and technology leader with more than 30 years of experience, Lamba joins RingCentral from Amazon Web
RingCentral, Inc. (NYSE:RNG), a leading provider of AI-driven cloud business communications, contact center, video and hybrid event solutions, today announced that Prat Bhatt has been appointed to the Company's Board of Directors, effective March 1, 2024. Bhatt has been named a member of the Board's audit committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240220097878/en/Photo of Prat Bhatt, courtesy of RingCentral Bhatt is an accomplished technology industry veteran and financial expert, having previously served as Chief Accounting Officer of Cisco Systems. In his more than 20 years at Cisco, Bhatt was instrumental in sc
8-K - RingCentral, Inc. (0001384905) (Filer)
SCHEDULE 13G/A - RingCentral, Inc. (0001384905) (Subject)
8-K - RingCentral, Inc. (0001384905) (Filer)
Barclays downgraded RingCentral from Overweight to Equal Weight and set a new price target of $37.00 from $45.00 previously
Wells Fargo downgraded RingCentral from Equal Weight to Underweight and set a new price target of $30.00 from $38.00 previously
Raymond James downgraded RingCentral from Strong Buy to Outperform and set a new price target of $45.00 from $50.00 previously
3 - RingCentral, Inc. (0001384905) (Issuer)
4 - RingCentral, Inc. (0001384905) (Issuer)
4 - RingCentral, Inc. (0001384905) (Issuer)
SC 13G - RingCentral, Inc. (0001384905) (Subject)
SC 13G/A - RingCentral, Inc. (0001384905) (Subject)
SC 13G/A - RingCentral, Inc. (0001384905) (Subject)
Q4 2024 revenue and operating margin above guidance range with record cash flow Exceeded $50 million ARR from new products Kira Makagon promoted to President and Chief Operating Officer RingCentral, Inc. (NYSE:RNG), a global leader in AI-powered trusted business communications for companies of all sizes, today announced financial results for the fourth quarter and fiscal year ended December 31, 2024. "We had a good fourth quarter, capping a strong year," said Vlad Shmunis, RingCentral's founder and CEO. "Our new AI-powered products are gaining steam, and today we unveiled RingCentral AI Receptionist, or AIR, which we believe will deliver tremendous value to businesses everywhere. Buildi
RingCentral, Inc. (NYSE:RNG), a global leader in AI-powered trusted business communications for companies of all sizes, today announced that it will report financial results for the fourth quarter ended December 31, 2024 after market close on February 20, 2025. The company also announced that it will hold a conference call on the same day at 2:00 PM Pacific Time (5:00 PM Eastern Time) to discuss its financial results. The conference call can be accessed by dialing 1-888-349-0093 from the United States or 1-412-317-5201 internationally with reference to the company name and conference title. Following the completion of the call through 11:59 PM Eastern Time on February 27, 2025, a telephon
Q3 2024 revenue above high end of guidance Achieves GAAP operating profitability in Q3 2024 Raising 2024 revenue, net cash provided by operating activities and free cash flow outlook RingCentral, Inc. (NYSE:RNG), a global leader in AI-powered trusted business communications for companies of all sizes, today announced financial results for the third quarter ended September 30, 2024. Third Quarter Financial Highlights Total revenue increased 9% year-over-year to $609 million. Subscriptions revenue increased 10% year-over-year to $583 million. Annualized Exit Monthly Recurring Subscriptions (ARR) increased 9% year-over-year to $2.48 billion. Enterprise ARR increased 11% year-over-y