The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how RingCentral (NYSE:RNG) and the rest of the video conferencing stocks fared in Q4.
Analyst maintains Buy on $RNG, lowers price target to $28 due to lower revenue projections for fiscal 2025 and 2026, but highlights new products and potential for $100M ARR in 2025.
A number of stocks jumped in the afternoon session after stocks extended their rebound, led by strong gains in the technology sector, as renewed optimism surrounding U.S.–China trade negotiations lifted investor sentiment.
Wall Street is overwhelmingly bullish on the stocks in this article, with price targets suggesting significant upside potential.
However, it’s worth remembering that analysts rarely issue sell ratings, partly because their firms often seek other business from the same companies they cover.
As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the productivity software industry, including Box (NYSE:BOX) and its peers.
Investors looking for hidden gems should keep an eye on small-cap stocks because they’re frequently overlooked by Wall Street.
Many opportunities exist in this part of the market, but it is also a high-risk, high-reward environment due to the lack of reliable analyst price targets.
The $10-50 price range often includes mid-sized businesses with proven track records and plenty of growth runway ahead.
They also usually carry less risk than penny stocks, though they’re not immune to volatility as many lack the scale advantages of their larger peers.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Five9 (NASDAQ:FIVN) and the rest of the video conferencing stocks fared in Q4.
Office and call centre communications software provider RingCentral (NYSE:RNG) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 7.6% year on year to $614.5 million. On the other hand, next quarter’s revenue guidance of $609.5 million was less impressive, coming in 2.7% below analysts’ estimates. Its non-GAAP profit of $0.98 per share was 1.3% above analysts’ consensus estimates.
Office and call centre communications software provider RingCentral (NYSE:RNG)
will be reporting results tomorrow after the bell. Here’s what to expect.
From commerce to culture, software is digitizing every aspect of our lives. This secular theme has materialized in superior earnings growth and stock price performance for most SaaS companies,
and over the last six months, the industry’s 42.4% return has topped the S&P 500 by 26.5 percentage points.
Shares of office and call centre communications software provider RingCentral (NYSE:RNG)
fell 6.8% in the afternoon session after Wells Fargo analyst downgraded the stock's rating from Hold to Sell and lowered the price target from $38 to $30. The new price target translates to a potential 10% downside from where shares traded before the downgrade was announced.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at productivity software stocks, starting with DocuSign (NASDAQ:DOCU).
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Zoom (NASDAQ:ZM) and the best and worst performers in the video conferencing industry.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the video conferencing industry, including RingCentral (NYSE:RNG) and its peers.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at video conferencing stocks, starting with Five9 (NASDAQ:FIVN).
