RingCentral (RNG) Reaches $46.80 After 4.00% Up Move; Avx Has 1.02 Sentiment

November 14, 2017 - By Linda Rogers

AVX Corporation is a manufacturer and supplier and reseller of a line of passive electronic components, interconnect devices and related products. The company has market cap of $2.97 billion. AVX operates

in three divisions: Passive Components, Kyocera Electronic Devices (KED Resale) and Interconnect. It has a 21.92 P/E ratio. The Passive Components segment consists of surface mount and leaded ceramic capacitors, surface mount and leaded tantalum capacitors, surface mount and leaded film capacitors, thick and thin film packages of multiple passive integrated components, thermistors, inductors and resistive products.

The stock of RingCentral Inc (NYSE:RNG) is a huge mover today! About 128,874 shares traded. RingCentral Inc (NYSE:RNG) has risen 80.85% since November 14, 2016 and is uptrending. It has outperformed by 64.15% the S&P500.The move comes after 8 months positive chart setup for the $3.62 billion company. It was reported on Nov, 14 by Barchart.com. We have $48.67 PT which if reached, will make NYSE:RNG worth $144.80M more.

Analysts await RingCentral Inc (NYSE:RNG) to report earnings on February, 12. They expect $-0.08 EPS, 0.00% or $0.00 from last year’s $-0.08 per share. After $-0.07 actual EPS reported by RingCentral Inc for the previous quarter, Wall Street now forecasts 14.29% negative EPS growth.

RingCentral, Inc. is a provider of software-as-a-service solutions for businesses to support modern communications. The company has market cap of $3.62 billion. The Company’s cloud business communications solutions provide a single user identity across multiple locations and devices, including smartphones, tablets, personal computers (PCs) and desk phones, and allow for communication across multiple channels, including high definition (HD) voice, video, short messaging service (SMS), messaging and collaboration, conferencing, online meetings, and fax. It currently has negative earnings. The Company’s products include RingCentral Office, RingCentral Professional, RingCentral Fax, RingCentral Contact Center and RingCentral Glip.

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 company was initiated on Monday, June 26 by SunTrust. The stock has “Hold” rating by Robert W. Baird on Thursday, November 9. On Monday, August 10 the stock rating was initiated by Canaccord Genuity with “Buy”. Robert W. Baird initiated RingCentral Inc (NYSE:RNG) rating on Friday, August 26. Robert W. Baird has “Neutral” rating and $24 target. Jefferies maintained the shares of RNG in report on Tuesday, September 5 with “Buy” rating. Oppenheimer maintained RingCentral Inc (NYSE:RNG) rating on Thursday, November 9. Oppenheimer has “Outperform” rating and $50 target. The stock of RingCentral Inc (NYSE:RNG) earned “Buy” rating by Oppenheimer on Thursday, August 3. The firm has “Hold” rating given on Thursday, October 19 by Robert W. Baird. Raymond James upgraded the shares of RNG in report on Friday, July 31 to “Strong Buy” rating. On Wednesday, April 26 the stock rating was initiated by Dougherty & Company with “Buy”.

Since May 19, 2017, it had 0 insider buys, and 8 insider sales for $7.68 million activity. $215,861 worth of RingCentral Inc (NYSE:RNG) shares were sold by Marlow John H. The insider Makagon Kira sold $336,600. Shmunis Vladimir had sold 88,454 shares worth $3.02M. Another trade for 10,000 shares valued at $360,700 was made by Shah Praful on Wednesday, June 14.

Investors sentiment increased to 1.31 in Q2 2017. Its up 0.34, from 0.97 in 2017Q1. It is positive, 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. Ameritas Prns, a Nebraska-based fund reported 5,480 shares. Raymond James & Associates has invested 0.01% in RingCentral Inc (NYSE:RNG). Jane Street Gp Ltd Liability Corporation invested 0% of its portfolio in RingCentral Inc (NYSE:RNG). Barclays Public Limited Com holds 0% or 87,601 shares. Portolan Capital Mngmt Limited Liability has invested 1.1% of its portfolio in RingCentral Inc (NYSE:RNG). Savings Bank Of America Corp De reported 398,300 shares. Voloridge Inv Mngmt Ltd Company has 12,843 shares. Lpl Financial Ltd Company holds 0% of its portfolio in RingCentral Inc (NYSE:RNG) for 7,375 shares. Deutsche State Bank Ag has invested 0.01% in RingCentral Inc (NYSE:RNG). Macquarie Grp holds 186,952 shares. Gradient Investments Limited Co has 0% invested in RingCentral Inc (NYSE:RNG) for 299 shares. Rainier Investment Mngmt Limited Liability holds 180,340 shares or 1.31% of its portfolio. Clearbridge Ltd Liability Corp reported 274,759 shares or 0.21% of all its holdings. Ameriprise stated it has 107,873 shares. Hanseatic Mngmt Svcs stated it has 0% in RingCentral Inc (NYSE:RNG).

It is down 26.38% since November 14, 2016 and is uptrending. It has outperformed by 9.68% the S&P500.

Analysts await AVX Corporation (NYSE:AVX) to report earnings on January, 23. They expect $0.18 earnings per share, down 14.29% or $0.03 from last year’s $0.21 per share. AVX’s profit will be $30.27M for 24.53 P/E if the $0.18 EPS becomes a reality. After $0.21 actual earnings per share reported by AVX Corporation for the previous quarter, Wall Street now forecasts -14.29% negative EPS growth.

Sensato Investors Llc holds 3.43% of its portfolio in AVX Corporation for 830,431 shares. Jolley Asset Management Llc owns 250,171 shares or 2.86% of their US portfolio. Moreover, Semper Augustus Investments Group Llc has 2.79% invested in the company for 222,558 shares. The Texas-based Afam Capital Inc. has invested 0.3% in the stock. Breton Hill Capital Ltd., a Ontario – Canada-based fund reported 84,165 shares.

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