JUMP REPORT
Avg Daily Volume: 963,728 Market Cap: 17.86B
Sector: Technology Short Interest: 12.01
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .21/share REV: 239.4/M
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LAST QTR: EPS: .19/share ACTUAL: .22/share (BEAT)
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NEXT QTR: EPS: .18/share REV: 249.2/M
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FULL YR: EPS: .81/share REV: 889.5/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 85% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 8.46, 16.3, -5.40
EXPECTED JUMP MOVE: 10-15 %
Links To Latest News and Headlines
RingCentral, Inc. (NYSE: RNG), a leading provider of global enterprise cloud communications, collaboration, and contact center solutions, today announced a new high-volume SMS service that enables businesses to send SMS messages and updates to their customers rapidly and reliably. Using this service, developers can build customized apps using RingCentral’s business communications platform. RingCentral also offers the service via pre-built applications available in the RingCentral App Gallery.
RingCentral, Inc. (NYSE: RNG) a leading provider of global enterprise cloud communications, collaboration, and contact center solutions, will host its first-ever virtual developer conference – Code Together \- from October 20-22, 2020. The conference will bring together developers from around the world to explore the latest developments in business communication technology with fresh thinking from leaders and innovators including Guy Kawasaki, chief evangelist at Canva, and Kira Makagon, chief innovation officer at RingCentral. The RingCentral developer community now exceeds 45,000.
Moody’s Investors Service, (“Moody’s”) affirmed Avaya Inc.’s (“Avaya”) ratings, including the B2 Corporate Family Rating (“CFR”), and assigned a B2 rating to the company’s proposed senior secured note offering. The ratings outlook is stable. The affirmation of the B2 CFR reflects Avaya’s significant cash balance, solid Q3 2020 performance, and Moody’s expectation of flat to modestly growing revenues and improving margins.
Shares of Digital Turbine, Etsy, Lululemon, Roku, and Shopify could be worth a spot in a growth-oriented portfolio.
RingCentral's (RNG) second-quarter 2020 results are expected to reflect benefits from the coronavirus-induced work-from-home wave.
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