US Stock MarketDetailed Quotes
RNG RingCentral
- 33.180
- -0.580-1.72%
Trading Aug 9 10:04 ET
3.05BMarket Cap-23366P/E (TTM)
33.940High32.910Low74.92KVolume33.725Open33.760Pre Close2.49MTurnover0.10%Turnover RatioLossP/E (Static)91.82MShares38.35052wk High-5.77P/B2.44BFloat Cap25.07552wk Low--Dividend TTM73.46MShs Float449.000Historical High--Div YieldTTM3.05%Amplitude10.020Historical Low33.210Avg Price1Lot Size
RingCentral Stock Forum
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$RingCentral (RNG.US)$
$WAN KEI GROUP(01718.HK)$ One of the victims of recent scamming scheme by “Mr. Luke”. Blame myself for being too blinded by greed.
But I am gonna share my personal experience, hopefully this will reach out to many more people for better awareness. I pray that no one be scammed by this kind of bastards again. Here is how the scamming scheme goes.
I was added into Futu Securities whatsa...
$WAN KEI GROUP(01718.HK)$ One of the victims of recent scamming scheme by “Mr. Luke”. Blame myself for being too blinded by greed.
But I am gonna share my personal experience, hopefully this will reach out to many more people for better awareness. I pray that no one be scammed by this kind of bastards again. Here is how the scamming scheme goes.
I was added into Futu Securities whatsa...
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$RingCentral (RNG.US)$ rose 10%+ after hours Tuesday after the communications company beat analyst estimates for Q1 earnings per share ands revenues.
RNG gained 10.9% to trade at $33.25 shortly before 5 p.m. ET after the company said it earned $0.87 per share on $584 million of revenue. That reportedly beat analysts' consensus forecast of $0.80 per share on $578.2 million in sales.
RNG gained 10.9% to trade at $33.25 shortly before 5 p.m. ET after the company said it earned $0.87 per share on $584 million of revenue. That reportedly beat analysts' consensus forecast of $0.80 per share on $578.2 million in sales.
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High forecast growth rate for a company in an investment period isn't unusual. But if too aggressive, profitability may be delayed. Negative equity on RingCentral's balance sheet could be a red flag.
RingCentral's slow growth and lower-than-expected revenue guidance may disappoint shareholders. Despite a tough quarter, the current situation could present an investment opportunity.
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The abrupt CEO change at RingCentral showcases possible strategic stagnation or poor execution. This, along with slowing revenue growth and increased execution risk, has led Jefferies analysts to adopt a more conservative standpoint towards the company.
The change in RingCentral's leadership hints at internal friction between Robbiati and Shmunis. The future direction of the company, under Shmunis' guidance, appears to focus more on innovation, product development, and long-term strategy.
RingCentral's year-on-year growth of 9.7% may fall short of shareholder expectations, despite a rise in quarterly revenue. Analysts deem the improving gross margin unsatisfactory for a SaaS business. However, the company surpassed analyst's adjusted EBIT and EPS forecasts for the quarter thanks to robust subscription revenue and cost efficiencies. The company's performance this quarter is deemed positive, pushing the stock up 5.7% after the report.
RingCentral's CEO emphasises the importance of heightened innovation in upcoming years. Potential to enhance customer-agent interactions through AI-infused products and services underpins the drive for increased diversity.
Rosenblatt sees leadership change in RingCentral as a risk, prompting a reevaluation of revenue forecasts. Significant restructuring is anticipated, which may affect the company's operations and stock. However, Rosenblatt recognizes the potential benefits of the new CEO's strategies.
Analyst MacWilliams believes Five9, Bandwidth, and RingCentral's strategic moves could buoy their stocks in Q3. He also suggests Bandwidth could gain from U.S. SMS volumes increase in the 2024 election offsetting macro pressures.
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Moomoo Lily : Hello Mooer, thank you for bringing this to our attention. Please note that we do not direct our users to add any personal WhatsApp accounts or group chats. Additionally, Moomoo does not recommend or endorse any stocks through any platform.
Regarding the scamming issue you mentioned, we kindly request that you collect all evidence and report it by visiting "Me > Fraud Prevention > Report Fraud". A quick guide to moomoo's Fraud Prevention feature. We will investigate the issue and submit a report to our colleagues for further action and follow-up. Thank you again.
103053687 : i had the same experience too. also added to the group chat not long after I opened my account. i sensed something was not right and didn't buy the stocks he recommended, eventually was kicked out from the group chat. this scam is real !!