RingCentral shares are trading lower after the company issued Q3 adjusted EPS guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
RingCentral's shares are trading lower after the company issued Q3 adjusted EPS guidance below estimates.
August 08, 2023 | 1:05 pm
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NEGATIVE IMPACT
RingCentral's stock price is expected to decrease in the short term due to lower than expected Q3 adjusted EPS guidance.
RingCentral's Q3 adjusted EPS guidance is lower than estimates, which is a negative signal to investors. This could lead to a decrease in demand for the stock, thus driving the price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100