This stock has been chosen as a JUMP candidate for its upcoming earnings catalyst that is likely to move the stock between 5-20% post release. To conduct further research on the financials, analyst views and pivot points visit the Inside Mole research tool. This report is based on our analysis and opinions and the trade plan is how we intend to trade this event. As a self-directed trader you may decide to take a different approach to this event. For details on how we trade these events watch the video below.
Target: Ringcentral, Inc. (RNG)
Earnings Release Date: 2/12/18 (After Market Close)
Position Entry Time: (at or near EOD-end of day)
Ringcentral, Inc. (RNG) will be posting its FQ4-17 quarterly earnings results today at close. [RNG] is expected to post earnings of $.06 per share on revenue of $137 Million. In the last quarter, the company reported $.06 earnings per share BEATING the analysts’ consensus estimate of $.04. The stock is currently trading at $52.40 per share.
Last 3 Quarters – “Jump Zone” Move: 9.85%, 11.6%, -3.44%
Consensus Estimates: ($.07 whisper) ($.07 estimize) ($ ($.06 wall street)
(** always check in the trade room 30 minutes prior to close for last minute trajectory updates
OUR TRADE PLAN: SELL
ANALYSIS: StockJumpers trajectory analysis reveals a negative market reaction to today’s news, though we see the results being in-line on earnings. The stock is trading at annual highs and they will need a beat on all the metrics and a good forward for it to rise further. We don’t think the jump zone is huge here and we see more of a “Sell on the News” outcome. We will exercise caution on the low volume after hours.
We are SHORT for today’s event. Trade Room will have updated news and moves.
(Note: This is an after-market release – today)
TARGET ‘JUMP ZONE’ POTENTIAL: 5-7%
CONFIDENCE RANKING: 8
POTENTIAL OPTIONS CONTRACT: NONE
Click here to go to the research page to review the current financials and analysis of this stock before you place any positions. Just enter the ticker symbol.