RingCentral downgraded by Wells Fargo with a new price target

$RNG
EDP Services
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Recent Analyst Ratings for
$RNG

DatePrice TargetRatingAnalyst
1/27/2025$45.00 → $37.00Overweight → Equal Weight
Barclays
1/7/2025$38.00 → $30.00Equal Weight → Underweight
Wells Fargo
1/3/2025$50.00 → $45.00Strong Buy → Outperform
Raymond James
12/13/2024$42.00Outperform → Neutral
Mizuho
8/2/2024$45.00Neutral → Buy
Rosenblatt
12/20/2023$36.00Overweight → Equal Weight
Wells Fargo
12/12/2023$40.00 → $35.00Buy → Hold
Jefferies
10/23/2023$52.00 → $35.00Buy → Neutral
Rosenblatt
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$RNG
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  • Cox Business Launches New Unified Communications Solutions

    Partners with RingCentral to bring AI-powered voice, chat, video, and contact center capabilities to customers RingCentral, Inc. (NYSE:RNG), a leading global provider of AI-powered trusted communications, and Cox Business, a leading provider of advanced cloud, managed IT and fiber-based network solutions, today announced a new partnership to bring advanced communications solutions to customers. These solutions combine Cox's reliable, high speed connectivity and business solutions with RingCentral's AI-powered business communications platform. Available today, Cox Business Connect with RingCentral will empower businesses of all sizes to transform work experiences and deliver enhanced custo

    $RNG
    EDP Services
    Technology
  • RingCentral to Present at Upcoming Investor Conference

    RingCentral, Inc. (NYSE:RNG), a global leader in AI-powered trusted business communications for companies of all sizes, today announced that members of its management team are scheduled to present at the following investor conference: Morgan Stanley Technology, Media & Telecom Conference Date: Tuesday, March 4, 2025 Time: 3:20 p.m. PT (6:20 p.m. ET) A live webcast will be accessible on the Company's investor relations website at ir.ringcentral.com. About RingCentral RingCentral is a leading provider of AI-powered cloud business communications, contact center, video and hybrid event solutions. RingCentral empowers businesses with conversation intelligence, and unlocks rich customer a

    $RNG
    EDP Services
    Technology
  • RingCentral Transforms Customer Communications with New AI Receptionist

    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

    $RNG
    EDP Services
    Technology

$RNG
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Insider Trading

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  • RingCentral Announces Appointment of Kira Makagon as President and Chief Operating Officer

    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

    $RNG
    EDP Services
    Technology
  • RingCentral Appoints Abhey Lamba as Chief Financial Officer

    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

    $RNG
    EDP Services
    Technology
  • RingCentral Appoints Prat Bhatt to Board of Directors

    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

    $RNG
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$RNG
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  • RingCentral Announces Fourth Quarter and Fiscal Year 2024 Results

    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

    $RNG
    EDP Services
    Technology
  • RingCentral to Announce Fourth Quarter 2024 Financial Results On February 20, 2025

    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

    $RNG
    EDP Services
    Technology
  • RingCentral Announces Third Quarter 2024 Results

    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

    $RNG
    EDP Services
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$RNG
Large Ownership Changes

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