RingCentral case study – We read the news for you

RingCentral, Inc. (RNG) jumped 9% on 02/13/18: This is why


RingCentral, Inc. (RNG) jumped based on the bullish news related to Q4 revenue and profit that topped analysts’ expectations, and forecast results this quarter, and for the full year, above consensus. In a first pass at the report this evening, William Blair’s Bhavan Suri reiterates an Outperform rating, writing that one of the important details is that subscription revenue was up 32%, and was a speed-up from the rate of growth the rest of the year.  Revenue in the three months ended in December rose 34%, year over year, to $140.5 million, yielding EPS of 7 cents, excluding some costs.

finviz dynamic chart for  RNG

“The fourth quarter was an outstanding finish to a great year. This was led by our mid-market and enterprise business and further supported by continuing momentum from our channel partners. And we capped off the year with a record 15 deals with total contract value (TCV) of more than $1 million, up from 10 deals last quarter,” said Vlad Shmunis, RingCentral’s Chairman and CEO. “We further extended our leadership position in the UCaaS market driven by our relentless focus on innovation and commitment to customer success. We believe we are well positioned heading into 2018 and look forward to an exciting year ahead.”

For the current quarter, the company sees revenue in a range of $144.5 million to $146.5 million, and EPS of 11 cents to 13 cents. That compares to $141.5 million and 5 cents a share consensus.  For the full year, the company sees revenue of $629 million to $639 million, and EPS of 56 cents to 60 cents. That compares to consensus for $616.6 and 28 cents per share.

Business Wire 

Why are we Bullish on the new: Full Year 2018 Guidance includes software subscriptions revenue between $581 and $589 million or an annual growth of 25% to 27%. The stock has been impacted by the bullish news and jumped by 9%. We provide a Bullish short-term news signal on Feb 13

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Jordan Mizrahi

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By | 2018-02-13T11:17:14+00:00 February 13th, 2018|case studies, Uncategorized|Comments Off on RingCentral case study – We read the news for you
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