$-0.10 EPS Expected for RingCentral Inc (RNG)

September 25, 2017 - By Marguerite Chambers

 $ 0.10 EPS Expected for RingCentral Inc (RNG)
Investors sentiment increased to 1.31 in Q2 2017. Its up 0.34, from 0.97 in 2017Q1. It is positive, as 26 investors sold RingCentral Inc shares while 48 reduced holdings. 40 funds opened positions while 57 raised stakes. 54.16 million shares or 7.51% more from 50.37 million shares in 2017Q1 were reported.
Jpmorgan Chase, a New York-based fund reported 1.19M shares. D E Shaw And Company has 0.01% invested in RingCentral Inc (NYSE:RNG). Northern Trust Corp invested in 0.01% or 797,090 shares. New York-based Atika Mngmt Limited Liability Corp has invested 2.04% in RingCentral Inc (NYSE:RNG). Aperio Gru Ltd Liability Corporation reported 11,457 shares stake. 92 were reported by Envestnet Asset Mgmt Inc. Sei Invests has 31,255 shares. Fortaleza Asset accumulated 5,565 shares. Guggenheim Capital Ltd Llc has 36,285 shares for 0% of their portfolio. Coe Mngmt Lc owns 1.51% invested in RingCentral Inc (NYSE:RNG) for 36,315 shares. Alliancebernstein Ltd Partnership has invested 0.03% of its portfolio in RingCentral Inc (NYSE:RNG). Ubs Asset Management Americas Inc accumulated 0% or 22,758 shares. First Trust Lp holds 0.01% or 81,467 shares in its portfolio. Palestra Cap Mgmt Limited Liability Corporation, New York-based fund reported 1.18 million shares. American Group Incorporated Inc owns 38,730 shares.

Since April 28, 2017, it had 0 insider purchases, and 9 selling transactions for $14.10 million activity. Shmunis Vladimir sold $3.02M worth of stock or 88,454 shares. Makagon Kira also sold $336,600 worth of RingCentral Inc (NYSE:RNG) shares. $6.42 million worth of RingCentral Inc (NYSE:RNG) shares were sold by HOSEIN CLYDE. $360,700 worth of stock was sold by Shah Praful on Wednesday, June 14.

Analysts expect RingCentral Inc (NYSE:RNG) to report $-0.10 EPS on October, 24.They anticipate $0.01 EPS change or 11.11 % from last quarter’s $-0.09 EPS. After having $-0.10 EPS previously, RingCentral Inc’s analysts see 0.00 % EPS growth. The stock increased 0.13% or $0.05 on September 22, reaching $39.85. About 321,547 shares traded. RingCentral Inc (NYSE:RNG) has risen 80.85% since September 25, 2016 and is uptrending. It has outperformed by 64.15% the S&P500.

RingCentral Inc (NYSE:RNG) Ratings Coverage

Among 16 analysts covering RingCentral (NYSE:RNG), 14 have Buy rating, 0 Sell and 2 Hold. Therefore 88% are positive. RingCentral had 38 analyst reports since July 21, 2015 according to SRatingsIntel. Oppenheimer maintained RingCentral Inc (NYSE:RNG) on Friday, July 31 with “Outperform” rating. The rating was initiated by Suntrust Robinson with “Buy” on Tuesday, June 27. The stock of RingCentral Inc (NYSE:RNG) earned “Buy” rating by Summit Redstone Partners on Tuesday, June 28. As per Thursday, July 13, the company rating was maintained by Oppenheimer. The stock has “Overweight” rating by JP Morgan on Thursday, July 23. Morgan Stanley downgraded the shares of RNG in report on Thursday, July 20 to “Hold” rating. Canaccord Genuity initiated RingCentral Inc (NYSE:RNG) on Monday, August 10 with “Buy” rating. The stock has “Overweight” rating by Morgan Stanley on Tuesday, April 11. On Friday, June 30 the stock rating was maintained by Jefferies with “Buy”. The rating was maintained by Northland Capital on Thursday, August 3 with “Buy”.

RingCentral, Inc. is a provider of software-as-a-service solutions for businesses to support modern communications. The company has market cap of $3.05 billion. The Company’s cloud business communications solutions provide a single user identity across multiple locations and devices, including smartphones, tablets, personal computers (PCs) and desk phones, and allow for communication across multiple channels, including high definition (HD) voice, video, short messaging service (SMS), messaging and collaboration, conferencing, online meetings, and fax. It currently has negative earnings. The Company’s products include RingCentral Office, RingCentral Professional, RingCentral Fax, RingCentral Contact Center and RingCentral Glip.

More news for RingCentral Inc (NYSE:RNG) were recently published by: Businesswire.com, which released: “RingCentral to Speak at the Deutsche Bank Technology Conference” on September 07, 2017. Bloomberg.com‘s article titled: “RingCentral Is Said to Hire Adviser After Takeover Interest” and published on August 09, 2017 is yet another important article.

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