RING CENTRAL (RNG)
EARNINGS RELEASE MONDAY - MAY 6 (AMC)
Jump Report
| Avg Daily Volume: 853,736 Market Cap: 9.44B Sector: Technology Short Interest: 8.4 |
EARNINGS EXPECTATIONS:
ESTIMATED EPS: .15 REV: 193.54 M
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LAST QTR: EPS: .23 ESTIMATED: .18 (BEAT)
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NEXT QTR: EPS: .16 REV: 202.92 M
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FY19: EPS: .71 REV: 854.86 M
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BEAT/MISS HISTORY: 88% OF THE TIME THEY BEAT
PRIOR ‘JUMP ZONE’ (3 QTRS %) : 9.98, 6.71, 10.62
POTENTIAL JUMP MOVE: 10-12%
Links To Latest News and Headlines
Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at RingCentral (NYSE:RNG) and its peers.
A number of stocks jumped in the morning session after investors moved to buy the dip in high-quality SaaS names that had become significantly oversold amid a fragile market rebound driven by cautious optimism surrounding U.S.-Iran ceasefire talks.
For investors wondering whether RingCentral at US$33.49 still offers value or if most of the opportunity is already priced in, this article focuses squarely on what the numbers indicate about the stock. RingCentral’s share price has fallen 11.4% over the last 7 days and 11.4% over the last 30 days. It is still up 21.4% year to date and 46.5% over the last year, which can leave the current risk reward trade off feeling unclear. Those mixed returns come after a multi year period in which the…
Software stocks are getting left behind again, while semiconductors are on fire.
Shares of cloud communications provider RingCentral (NYSE:RNG) fell 9% in the afternoon session after the stock was caught in a broad selloff across the software sector amid investor concerns over the disruptive potential of artificial intelligence.
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