63 Biggest Movers From Yesterday
Gainers
Tenneco Inc. (NYSE: TEN) shares surged 93.9% to close at $19.35 on Wednesday after the company announced it will be acquired by Apollo Funds. Tenneco also reported a Q4 loss of $0.11 per share.
Evercore ISI Group Maintains Outperform on RingCentral, Lowers Price Target to $225
Evercore ISI Group analyst Peter Levine maintains RingCentral (NYSE:RNG) with a Outperform and lowers the price target from $275 to $225.
Deutsche Bank Maintains Buy on RingCentral, Lowers Price Target to $210
Deutsche Bank analyst Matthew Niknam maintains RingCentral (NYSE:RNG) with a Buy and lowers the price target from $300 to $210.
RingCentral: Q4 Earnings Insights
RingCentral (NYSE:RNG) reported its Q4 earnings results on Tuesday, February 22, 2022 at 04:02 PM.
Here's what investors need to know about the announcement.
Earnings
RingCentral beat estimated earnings by 5.41%, reporting an EPS of $0.39 versus an estimate of $0.37.
RingCentral Q4 Adj. EPS $0.39 Beats $0.37 Estimate, Sales $448.00M Beat $434.94M Estimate
RingCentral (NYSE:RNG) reported quarterly earnings of $0.39 per share which beat the analyst consensus estimate of $0.37 by 5.41 percent. This is a 34.48 percent increase over earnings of $0.29 per share from the same
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Morgan Stanley Maintains Equal-Weight on RingCentral, Lowers Price Target to $165
Morgan Stanley analyst Meta Marshall maintains RingCentral (NYSE:RNG) with a Equal-Weight and lowers the price target from $220 to $165.
Earnings Scheduled For February 22, 2022
Companies Reporting Before The Bell
• Gaotu Techedu (NYSE:GOTU) is projected to report quarterly earnings at $0.13 per share on revenue of $439.63 million.
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This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.