Dernières nouvelles pour RingCentral (NYSE:RNG) Stock

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.

RingCentral Inc

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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 raises the price target from $38 to $40.

News

Price Target

Analyst Ratings

Morgan Stanley Maintains Equal-Weight on RingCentral, Raises Price Target to $40

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RingCentral shares are trading lower after Mizuho downgraded the stock from Outperform to Neutral and maintained its $42 price target.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Stifel analyst Dae Gon Ha downgraded the rating for Editas Medicine, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EDIT#NASDAQ">EDIT</a>) from Buy to Hold and lowered the price target from $11 to $3. Editas Medicine shares closed at $1.89 on Thursday. See how other analysts view this stock.</li>
<li>Mizuho analyst Siti Panigrahi downgraded the rating for RingCentral, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) from Outperform to Neutral and maintained the price target of $42. RingCentral shares closed at $41.35 on Thursday. <a href="https://www.benzinga.com/quote/RNG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan analyst Michael Rehaut downgraded Toll Brothers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) from Overweight to Neutral and lowered the price target from $166 to $150. Toll Brothers shares closed at $138.46 on Thursday. <a href="https://www.benzinga.com/quote/TOL/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird analyst Michael Halloran downgraded the rating for Nordson Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDSN#NASDAQ">NDSN</a>) from Outperform to Neutral and slashed the price target from $294 to $237. Nordson shares closed at $229.11 on Thursday. <a href="https://www.benzinga.com/quote/NDSN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays analyst Brandt Montour downgraded Viking Holdings Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIK#NYSE">VIK</a>) from Overweight to Equal-Weight and maintained the price target of $49. Viking Holdings shares closed at $46.18 on Thursday. <a href="https://www.benzinga.com/quote/VIK/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying TOL stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="586" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13100359/image-117-1024x586.png" alt="" class="wp-image-691577" style="width:656px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13100359/image-117-1024x586.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13100359/image-117-300x172.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13100359/image-117-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13100359/image-117.png 1131w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Downgrades

Markets

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This Toll Brothers Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday

Mizuho analyst Siti Panigrahi downgrades RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) from Outperform to Neutral and maintains the price target from $42 to $42.

Mizuho Downgrades RingCentral to Neutral, Maintains Price Target to $42

Goldman Sachs analyst Adam Hotchkiss downgraded E2open Parent Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETWO#NYSE">ETWO</a>) from Neutral to Sell and lowered the <a target="_blank" href="https://www.benzinga.com/quote/ETWO/analyst-ratings" rel="noreferrer noopener">price target from&nbsp;$3.5&nbsp;to&nbsp;$2.9</a>. The stock fell.
Despite year-to-date stock underperformance, Hotchkiss noted that the lack of visibility into an organic growth turnaround, execution risk as the company works to refine its organic sales engine further, and the company&#8217;s floating-rate leverage overhang will likely weigh on E2open Parent shares over the next 12 months.
As a business that has historically relied on acquired assets to support growth, E2open Parent&#8217;s elevated leverage in a high-interest rate environment is limiting the company&#8217;s ability to pay down debt to meet its leverage targets.
This cycle further limits the company&#8217;s ability to invest in growth initiatives (including acquisitions).
Also Read: <a target="_blank" href="https://www.benzinga.com/tech/24/12/42436800/stmicroelectronics-and-qualcomm-launch-new-iot-module-to-simplify-wireless-connectivity" rel="noreferrer noopener">STMicroelectronics and Qualcomm Launch New IoT Module to Simplify Wireless Connectivity</a>
In addition, with the company roughly doubling in size through acquired assets over the last 4 years, the amount of new ARR required to accelerate growth materially has subsequently doubled, driving an increased burden on cross-selling (particularly in an environment where new logo acquisition has slowed) to reaccelerate growth.
Absent further acquisitions and with further maturation of E2open Parent&#8217;s organic sales structure needed, Hotchkiss sought more clarity on the company&#8217;s ability to reaccelerate growth beyond low single digits over the near-to-medium term.
E2open Parent&#8217;s valuation is undemanding, but Hotchkiss noted that a rerating higher is unlikely absent an improvement in fundamentals, particularly given the multiple trough levels seen from peer-challenged growth software comps like Dropbox Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBX#NASDAQ">DBX</a>), RingCentral Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>), and SolarWinds Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWI#NYSE">SWI</a>).
While Hotchkiss agreed with management&#8217;s stated goals to pay down debt and focus on organic growth, he awaited evidence of progress toward these goals in a time of slowing organic growth relative to peers before considering turning more positive on E2open Parent stock.
With four consecutive quarters of declines in subscription revenue growth and lowered fiscal 2025 guidance, Hotchkiss noted it is prudent to be incrementally cautious around shares of E2open Parent despite the company trading near trough levels.
E2open Parents rapid conglomeration of assets and associated teams over the years has significantly increased the level of net new ARR needed to match historical growth levels on an organic basis, and meeting these levels of net new ARR at a time when larger transformation projects are increasingly being deferred (creating pressure on new logo growth) will likely remain a challenge for the company over at least the next 12-months.
Hotchkiss projected third-quarter revenue of $151.7 million and adjusted EPS of $0.04.
Price Action: ETWO stock is down 3.51% at $3.02 at last check Wednesday.
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ETWO

E2open Faces Organic Growth Challenges, Debt Overhang: Goldman Sachs Downgrades Stock

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Shares of stocks in the broader software sector are trading higher. Some names may be moving following better-than-expected earnings from Salesforce and Okta.

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Shares of semiconductor and software stocks are trading higher, with stocks broadly rising amid a drop in yields. President-elect Trump nominated Scott Bessent as Treasury Secretary.

Baird analyst William Power 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 $36 to $38.

Baird Maintains Neutral on RingCentral, Raises Price Target to $38

Needham analyst Ryan Koontz reiterates RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) with a Buy and maintains $42 price target.

Reiteration

Needham Reiterates Buy on RingCentral, Maintains $42 Price Target

Rosenblatt analyst Catharine Trebnick maintains RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) with a Buy and maintains $45 price target.

Rosenblatt Maintains Buy on RingCentral, Maintains $45 Price Target

RingCentral shares are trading lower following Q3 financial results.

Raymond James analyst Brian Peterson maintains RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) with a Strong Buy and lowers the price target from $52 to $50.

Raymond James Maintains Strong Buy on RingCentral, Lowers Price Target to $50

Wedbush analyst Taz Koujalgi 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 $36 to $41.

Wedbush Maintains Neutral on RingCentral, Raises Price Target to $41

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 $31 to $38.

Piper Sandler Maintains Neutral on RingCentral, Raises Price Target to $38

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.ringcentral.com%2F&amp;esheet=54149025&amp;newsitemid=20241107126443&amp;lan=en-US&amp;anchor=RingCentral%2C+Inc.+%28NYSE%3A+RNG%29&amp;index=1&amp;md5=c2845406a58e8205490c85feb96a44fc">RingCentral, Inc. (NYSE:</a><a href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>), a global leader in AI-powered trusted business communications for companies of all sizes, and <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.verint.com%2F&amp;esheet=54149025&amp;newsitemid=20241107126443&amp;lan=en-US&amp;anchor=Verint%26%23174%3B+%28NASDAQ%3A+VRNT%29&amp;index=2&amp;md5=ff2052d631e7be32c2f061531c2594a7">Verint&#xAE; (NASDAQ:</a><a href="https://www.benzinga.com/stock/VRNT#NASDAQ">VRNT</a>), a leader in CX automation, today announced a strategic partnership to provide <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.ringcentral.com%2Fringcx.html&amp;esheet=54149025&amp;newsitemid=20241107126443&amp;lan=en-US&amp;anchor=RingCX&amp;index=3&amp;md5=9b55f66ae5a500a88ea806afa45513bd">RingCX</a>&#x2122; customers access to best-in-class workforce engagement management (WEM) and CX automation. Through this partnership, RingCX customers will have more choice and be able to leverage Verint's leading WEM and CX automation solutions, which complement RingCentral's native AI capabilities, to enhance employee productivity and improve customer experiences, ultimately driving competitive advantage and operational efficiency.

VRNT

RingCentral And Verint Announce Strategic Partnership To Bring AI-Powered Workforce Engagement Management And CX Automation To RingCX Customers

Management

RingCentral Appoints Abhey Lamba As Chief Financial Officer

Guidance

RingCentral Sees FY24 Total Revenue $2.397B-$2.399B, Adj. EPS $3.69; Sees Q4 Adj. EPS $0.96-$0.97, Total Revenue $611M-$613M

RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) reported quarterly earnings of $0.95 per share which beat the analyst consensus estimate of $0.92 by 3.26 percent. The company reported quarterly sales of $609.000 million which beat the analyst consensus estimate of $602.122 million by 1.14 percent. This is a 9.11 percent increase over sales of $558.164 million the same period last year.

Earnings

Earnings Beats

RingCentral Q3 2024 Adj. EPS $0.95 Beats $0.92 Estimate, Sales $609.000M Beat $602.122M Estimate

Fully compliant UCaaS solution, Global RingEX Select&#x2122;, backed by certifications from DoT &amp; TRAI, now available across India via new PAN-India license
RingCX&#x2122; native contact center brings robust omnichannel and AI-powered capabilities to agents/supervisors for enhanced customer experiences
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.ringcentral.com&amp;esheet=54134151&amp;newsitemid=20241010648299&amp;lan=en-US&amp;anchor=RingCentral+Inc.&amp;index=1&amp;md5=67a6d206ef82fa95ef1abfcb3549ebc7">RingCentral Inc.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>), a global leader in AI-powered trusted business communications for companies of all sizes, today announced it has received the PAN-India license from the Department of Telecommunications (DoT) to operate across all 22 telecommunications circles in India. As the first cloud provider to deliver fully-compliant Unified Communications as a Service (UCaaS) and Contact Center as a Service (CCaaS) solutions for India, RingCentral enables multinational organizations to connect their global offices with India branch offices for seamless communication and collaboration across messaging, video, and phone with Global RingEX Select. RingCentral's RingCX provides companies with a simple to use, easy to deploy omnichannel contact center solution that delivers seamless, personalized, and high-quality customer experiences. When used together, Global RingEX Select and RingCX enable businesses to deliver exceptional customer service while optimizing workforce collaboration.

RingCentral Receives PAN-India License To Deliver First Fully Compliant Global UCaaS And CCaaS Solutions To Multinational Organizations With Operations In India

Freshworks (FRSH) "announced Srinivasan Raghavan as its new Chief Product Officer with over two decades of leadership experience in the enterprise ...

Freshworks names Srinivasan Raghavan as Chief Product Officer

In a report released today, Michael Turrin from Wells Fargo maintained a Hold rating on RingCentral (RNG – Research Report), with a price target of...

RingCentral (RNG) Receives a Hold from Wells Fargo

A look at the detailed price volume analysis on S&P 500, Nasdaq 100, Dow Jones & Russell 2000, Gold & silver futures, Bitcoin, Crude oil futures, and Dollar index.

How Far Could The S&P 500 Go?

Mizuho downgraded RingCentral (RNG) to Neutral from Outperform with an unchanged price target of $42. The commodization of the unified Communicatio...

RingCentral downgraded to Neutral from Outperform at Mizuho

Mizuho downgraded RingCentral (RNG) to Neutral from Outperform with an unchanged price target of $42. RingCentral recently announced that RingCX, i...

Mizuho downgrades RingCentral to Neutral on risk to 2025 estimates

Atlassian, Datadog outperform on cloud migrations: Mizuho

In a report released today, Meta Marshall from Morgan Stanley maintained a Hold rating on RingCentral (RNG – Research Report), with a price target ...

RingCentral (RNG) Receives a Hold from Morgan Stanley

Morgan Stanley raised the firm's price target on RingCentral (RNG) to $40 from $38 and keeps an Equal Weight rating on the shares. Communication so...

RingCentral price target raised to $40 from $38 at Morgan Stanley

Nice remains favored name as Morgan Stanley highlights 2025 outlook for communication software stocks

Jefferies analyst Samad Samana maintained a Hold rating on RingCentral (RNG – Research Report) yesterday and set a price target of $38.00. The comp...

Jefferies Keeps Their Hold Rating on RingCentral (RNG)

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Press Releases

RingCentral Receives PAN-India License to Deliver First Fully Compliant Global UCaaS and CCaaS Solutions to Multinational Organizations with Operations in India

Informatica Appoints Mitesh Dhruv to the Board of Directors

RingCentral to Announce Third Quarter 2024 Financial Results On November 7, 2024

RingCentral Named a Leader in the 2024 Gartner® Magic Quadrant™ for Unified Communications as a Service Report for Tenth Year in a Row

RingCentral's New AI Assistant Now Included in RingEX At No Additional Cost

RingCentral Announces Third Quarter 2024 Results

RingCentral and Verint Announce Strategic Partnership to Bring AI-Powered Workforce Engagement Management and CX Automation to RingCX Customers

RingCentral Appoints Abhey Lamba as Chief Financial Officer

RingCentral to Present at Upcoming Investor Conferences

RingCentral Enhances Zendesk Integration to Streamline User Workflows and Personalize Customer Support

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