The stock of RingCentral, Inc. (NYSE:RNG) is a huge mover today! The stock increased 2.32% or $1.02 during the last trading session, reaching $45.02. About 244,545 shares traded. RingCentral, Inc. (NYSE:RNG) has risen 80.85% since December 6, 2016 and is uptrending. It has outperformed by 64.15% the S&P500.The move comes after 7 months positive chart setup for the $3.48B company. It was reported on Dec, 6 by Barchart.com. We have $46.37 PT which if reached, will make NYSE:RNG worth $104.46M more.
Among 12 analysts covering NCR (NYSE:NCR), 10 have Buy rating, 0 Sell and 2 Hold. Therefore 83% are positive. NCR had 29 analyst reports since August 20, 2015 according to SRatingsIntel. The company was maintained on Wednesday, October 28 by RBC Capital Markets. JP Morgan maintained it with “Overweight” rating and $41 target in Monday, August 15 report. On Wednesday, October 26 the stock rating was maintained by Wedbush with “Neutral”. The company was maintained on Thursday, April 13 by RBC Capital Markets. The firm has “Neutral” rating given on Thursday, February 4 by Wedbush. Oppenheimer downgraded the shares of NCR in report on Thursday, December 3 to “Perform” rating. The stock of NCR Corporation (NYSE:NCR) has “Buy” rating given on Wednesday, August 9 by Oppenheimer. The rating was maintained by Morgan Stanley on Friday, October 20 with “Equal-Weight”. The stock of NCR Corporation (NYSE:NCR) earned “Buy” rating by Benchmark on Monday, August 14. On Friday, December 18 the stock rating was initiated by Jefferies with “Overweight”. See NCR Corporation (NYSE:NCR) latest ratings:
20/10/2017 Broker: J.P. Morgan Rating: Buy New Target: $45.0
20/10/2017 Broker: Morgan Stanley Rating: Equal-Weight Old Target: $43 New Target: $39 Maintain
22/09/2017 Broker: RBC Capital Markets Rating: Buy New Target: $47.0 Maintain
21/08/2017 Broker: RBC Capital Markets Rating: Buy New Target: $47.0 Maintain
14/08/2017 Broker: Benchmark Rating: Buy New Target: $55.0000 Maintain
09/08/2017 Broker: Oppenheimer Rating: Buy Maintain
20/07/2017 Broker: RBC Capital Markets Rating: Buy New Target: $47.0000 Maintain
21/07/2017 Broker: Benchmark Rating: Buy New Target: $55.0000 Maintain
21/07/2017 Broker: Oppenheimer Rating: Buy New Target: $51.0000
18/07/2017 Broker: Compass Point Rating: Buy New Target: $48 Initiates Coverage On
NCR Corporation provides omni-channel technology solutions that enable businesses connect, interact, and transact with their clients worldwide. The company has market cap of $3.87 billion. The companyÂ’s Software segment offers industry software applications and application suites for the financial services, retail, hospitality, and small business industries; and fraud and loss prevention, check and document imaging, remote-deposit capture, and customer-facing digital banking applications, as well as cash management and video banking software for the financial services industry. It has a 19.57 P/E ratio. It also provides electronic and mobile payment solutions, sector-specific point of sale software applications, and back-office inventory, and store and restaurant management applications for the retail and hospitality industries; and software support and maintenance, and consulting and implementation services for its software solutions.
The stock increased 0.47% or $0.15 during the last trading session, reaching $31.76. About 279,074 shares traded. NCR Corporation (NYSE:NCR) has risen 38.24% since December 6, 2016 and is uptrending. It has outperformed by 21.54% the S&P500.
Since June 9, 2017, it had 0 insider purchases, and 3 selling transactions for $921,550 activity. The insider Shah Praful sold 10,000 shares worth $360,700. Shares for $346,800 were sold by Makagon Kira. Shmunis Vladimir sold $3.08 million worth of RingCentral, Inc. (NYSE:RNG) on Friday, June 9. Marlow John H sold $214,050 worth of stock.
Among 16 analysts covering RingCentral (NYSE:RNG), 14 have Buy rating, 0 Sell and 2 Hold. Therefore 88% are positive. RingCentral had 49 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of RingCentral, Inc. (NYSE:RNG) earned “Outperform” rating by Oppenheimer on Wednesday, December 16. Craig Hallum maintained it with “Buy” rating and $50.0 target in Thursday, November 9 report. The stock of RingCentral, Inc. (NYSE:RNG) earned “Buy” rating by Bank of America on Wednesday, October 25. The rating was maintained by Northland Capital on Tuesday, September 5 with “Buy”. Robert W. Baird maintained RingCentral, Inc. (NYSE:RNG) on Thursday, November 9 with “Hold” rating. Jefferies maintained the stock with “Buy” rating in Thursday, November 9 report. As per Tuesday, April 11, the company rating was upgraded by Morgan Stanley. Oppenheimer maintained the stock with “Outperform” rating in Tuesday, November 3 report. As per Thursday, November 9, the company rating was maintained by Oppenheimer. Summit Redstone Partners initiated RingCentral, Inc. (NYSE:RNG) on Tuesday, June 28 with “Buy” rating.
RingCentral, Inc. provides software-as-a-service solutions for business communications in the United States and internationally. The company has market cap of $3.48 billion. The companyÂ’s products include RingCentral Office, a multi-tenant, multi-location, enterprise-grade communications solution that enables employees to communicate through voice, text, team messaging and collaboration, and HD video and Web conferencing, including smartphones, tablets, PCs, and desk phones for businesses that require a communications solution; RingCentral Professional, an inbound call routing subscription with text and fax capabilities primarily for smaller businesses; and RingCentral Fax solution that provides Internet fax capabilities, which allow businesses to send and receive fax documents without the need for a fax machine. It currently has negative earnings. The Company’s products also comprise RingCentral Contact Center, which provides a cloud based contact center solution that delivers multi-channel capabilities; and RingCentral Glip, a team messaging and collaboration solution that allows a range of teams to stay connected through various modes of communication through an integration with RingCentral Office.
Analysts await RingCentral, Inc. (NYSE:RNG) to report earnings on February, 12. They expect $-0.08 earnings per share, 0.00% or $0.00 from last year’s $-0.08 per share. After $-0.07 actual earnings per share reported by RingCentral, Inc. for the previous quarter, Wall Street now forecasts 14.29% negative EPS growth.
Investors sentiment increased to 1.31 in 2017 Q2. Its up 0.34, from 0.97 in 2017Q1. It increased, as 26 investors sold RingCentral, Inc. shares while 48 reduced holdings. 40 funds opened positions while 57 raised stakes. 54.16 million shares or 7.51% more from 50.37 million shares in 2017Q1 were reported. Lord Abbett Lc invested in 420,681 shares or 0.05% of the stock. Gsa Capital Prtn Ltd Liability Partnership reported 0.16% of its portfolio in RingCentral, Inc. (NYSE:RNG). Massachusetts Fincl Serv Comm Ma stated it has 759,257 shares. Weiss Multi stated it has 0.06% of its portfolio in RingCentral, Inc. (NYSE:RNG). Mutual Of America Management Llc reported 21,191 shares stake. Proshare Advsr has 5,516 shares. Century Management Lc holds 0.31% or 50,045 shares. Herald Management Ltd has 75,000 shares. Jane Street Group Limited Liability holds 0% of its portfolio in RingCentral, Inc. (NYSE:RNG) for 8,937 shares. Gilder Gagnon Howe & Ltd Co, New York-based fund reported 3.46 million shares. Barclays Public Ltd Liability Com has 87,601 shares for 0% of their portfolio. 214,903 were reported by Cortina Asset Mgmt Ltd Company. Schwab Charles Mngmt reported 0.01% stake. Bnp Paribas Arbitrage Sa accumulated 0.01% or 48,018 shares. Wealthtrust accumulated 350 shares.
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