RingCentral (RNG) Reports Q1: Everything You Need To Know Ahead Of Earnings
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RingCentral (RNG) is set to report its Q1 earnings this Thursday. Last quarter, it met revenue expectations with $644 million, a 4.8% year-on-year increase. Analysts expect a 5% revenue growth this quarter. The company has a history of exceeding expectations, and its stock has risen 26.6% recently. Peers like Five9 and ServiceNow have shown strong results, contributing to positive sentiment in the productivity software sector. The average analyst price target for RingCentral is $37.47, while its current share price is $48.21.
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