Aiming for 15 RNG projects to be operational by 2027, the organization also adds a VP of Commercial to its executive leadership teamDALLAS, Dec. 11, 2024 /PRNewswire/ -- LF Bioenergy, a renewable natural gas (RNG) company that partners with farmers to produce energy from methane capture, today announced the expansion of its RNG project footprint with four operating facilities and two under construction across the U.S. The operational RNG projects result in a cumulative environmental benefit equal to reducin ...

For RingCentral, Inc. (NYSE: RNG ) stock thus far, it has been a forgettable year, as it comfortably lags broader-market gains. The stock has dropped 5% in value over the past six months, while the S&P 500 is up a healthy 12%. On the operational end, though, the unifiedMuslim Farooque is a leading financial journalist and market analyst with over five years of expertise in covering the stock and cryptocurrency markets. His work has been widely featured on platforms such as Seeking Alpha, InvestorPlace, Guru ...

Tired of losing money? Our Tech Contrarians team of Wall Street analysts sifts through the noise in the tech industry and captures outperformers through a coveted research process. We let the work speak for itself here .We’re picking up our coverage of RingCentral, Inc. (NYSE: RNG ); the last article we wrote on RingCentral dates back to December 2022. We now update our thoughts on the stock and seek toAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies me ...

RingCentral (RNG) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Individual inves ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________________________________________________ FORM 10-Q _________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36089 _ ...

RingCentral (RNG) reported third-quarter 2024 non-GAAP earnings of 95 cents per share, beating the Zacks Consensus Estimate by 3.26% and increasing 21.8% year over year.RNG’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the earnings surprise being 4.60%, on average.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Net revenues of $608.8 million comfortably beat the consensus mark by 1.14% and increased 9.1% year over year. A robust product portfolio and ...

Financial Data and Key Metrics Changes - Subscription revenue for Q3 2024 was $583 million, up 10% year-over-year, exceeding guidance [35] - ARR reached $2.48 billion, a 9% increase year-over-year, with enterprise ARR rising 11% and mid-market and small business up 8% [35] - Free cash flow was $105 million, up 51% year-over-year, with a free cash flow margin of 17.3%, an increase of 480 basis points [38][39] - Operating margin increased approximately 2 points year-over-year to 21%, driven by spending discipline and efficiency [37] Business Line Data and Key Metrics Changes - RingCX, the new CCaaS product, saw strong traction with over 500 customers, a 45% sequential increase, and significant ARPU expansion [22][24] - RingSense, the conversation intelligence platform, now has over 1,200 customers, also up 45% sequentially [25] - RingCentral Events added over 100 new customers during the quarter, including notable Fortune 500 companies [26] Market Data and Key Metrics Changes - The company has been recognized by Gartner as a Leader in the 2024 Magic Quadrant for UCaaS for the tenth consecutive year, highlighting its competitive advantage in voice services [13] - The integration with Microsoft Teams continues to drive enterprise growth, with many larger customers choosing RingCentral as an add-on to Teams [77] Company Strategy and Development Direction - The company aims to solidify its UCaaS leadership by infusing AI across its portfolio and expanding its total addressable market (TAM) through new AI-powered products [10] - A strategic partnership with Verint was announced to enhance RingCX's capabilities, targeting a wide range of use cases from SMBs to large enterprises [23][66] - The focus on reducing stock-based compensation and returning capital to shareholders through buybacks is part of the company's strategy to improve financial health [39][44] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth potential of AI products, indicating that AI will be a significant growth driver and ARPU solidifier [56][60] - The company is optimistic about the performance of RingCX and expects it to capture a meaningful share of the CCaaS market [24][51] - The outlook for Q4 2024 includes subscription revenue growth of 7% to 8% and total revenue growth of 7% [47] Other Important Information - The company has secured a $275 million delayed draw commitment to its Term Loan A, bringing total commitments to $350 million [42] - The liquidity position as of Q3 stands at $788 million, which includes cash on hand and undrawn commitments [43] Q&A Session Summary Question: Insights on AI strategy and its impact on growth - Management highlighted that AI is transformative and is already being monetized, with products like RingSense contributing positively to ARPU [56][60] Question: Trends in CCaaS for SMB vs. enterprise - RingCX is performing well in both segments, with strong growth in SMB and enterprise accounts, indicating its versatility [62][64] Question: Gross margin outlook - The gross margin is still strong at 81%, with slight headwinds due to investments in new products like RingCX [68] Question: Performance of Microsoft Teams opportunities - The integration with Teams is beneficial for larger customers, and the company expects to enhance RingCX's compatibility with Teams in the future [78] Question: Drivers of ARPU expansion - ARPU is being driven by cross-selling new products like RingCX and AI-based solutions, with a focus on delivering high value for the price [80][84]

RingCentral (RNG) reported $608.77 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 9.1%. EPS of $0.95 for the same period compares to $0.78 a year ago.The reported revenue represents a surprise of +1.14% over the Zacks Consensus Estimate of $601.91 million. With the consensus EPS estimate being $0.92, the EPS surprise was +3.26%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall S ...

RingCentral (RNG) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.78 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.26%. A quarter ago, it was expected that this cloud-based phone system provider for small businesses would post earnings of $0.88 per share when it actually produced earnings of $0.91, delivering a surprise of 3.41%.O ...

| --- | --- | |---------------------|-------------------| | | | | | | | | | | | | | | | | | | | | | | Corporate Overview | | | and Q3'24 Financial | | | Results | | | | | | | | | | | | | | | November 07, 2024 | ©2024 RingCentral | Safe Harbor and Non-GAAP Measures This presentation includes forward-looking statements within the meaning of the federal securities laws. These statements relate to, among other things, our business strategy and goals, growth of the market for our services, our future financial a ...