最新ニュース RingCentral (NYSE:RNG) 株価情報

RingCentral

RingCentral is a unified communications as a service, or UCaaS, provider. Its software helps users communicate and collaborate via voice, video, and messaging across all device types and all from one platform. RingCentral helps customers modernize and move from legacy on-premises systems to modern, cloud-based systems. Beyond its core RingCentral MVP solution, RingCentral also offers a cloud-based contact center solution, a stand-alone video meetings solution, and webinars.

RingCentral Inc

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Shares of semiconductor and software stocks are trading higher, with stocks broadly rising amid a drop in yields. President-elect Trump nominated Scott Bessent as Treasury Secretary.

Baird analyst William Power maintains RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) with a Neutral and raises the price target from $36 to $38.

News

Price Target

Analyst Ratings

Baird Maintains Neutral on RingCentral, Raises Price Target to $38

Needham analyst Ryan Koontz reiterates RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) with a Buy and maintains $42 price target.

Reiteration

Needham Reiterates Buy on RingCentral, Maintains $42 Price Target

Rosenblatt analyst Catharine Trebnick maintains RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) with a Buy and maintains $45 price target.

Rosenblatt Maintains Buy on RingCentral, Maintains $45 Price Target

RingCentral shares are trading lower following Q3 financial results.

Raymond James analyst Brian Peterson maintains RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) with a Strong Buy and lowers the price target from $52 to $50.

Raymond James Maintains Strong Buy on RingCentral, Lowers Price Target to $50

Wedbush analyst Taz Koujalgi maintains RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) with a Neutral and raises the price target from $36 to $41.

Wedbush Maintains Neutral on RingCentral, Raises Price Target to $41

Piper Sandler analyst James Fish maintains RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) with a Neutral and raises the price target from $31 to $38.

Piper Sandler Maintains Neutral on RingCentral, Raises Price Target to $38

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.ringcentral.com%2F&amp;esheet=54149025&amp;newsitemid=20241107126443&amp;lan=en-US&amp;anchor=RingCentral%2C+Inc.+%28NYSE%3A+RNG%29&amp;index=1&amp;md5=c2845406a58e8205490c85feb96a44fc">RingCentral, Inc. (NYSE:</a><a href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>), a global leader in AI-powered trusted business communications for companies of all sizes, and <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.verint.com%2F&amp;esheet=54149025&amp;newsitemid=20241107126443&amp;lan=en-US&amp;anchor=Verint%26%23174%3B+%28NASDAQ%3A+VRNT%29&amp;index=2&amp;md5=ff2052d631e7be32c2f061531c2594a7">Verint&#xAE; (NASDAQ:</a><a href="https://www.benzinga.com/stock/VRNT#NASDAQ">VRNT</a>), a leader in CX automation, today announced a strategic partnership to provide <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.ringcentral.com%2Fringcx.html&amp;esheet=54149025&amp;newsitemid=20241107126443&amp;lan=en-US&amp;anchor=RingCX&amp;index=3&amp;md5=9b55f66ae5a500a88ea806afa45513bd">RingCX</a>&#x2122; customers access to best-in-class workforce engagement management (WEM) and CX automation. Through this partnership, RingCX customers will have more choice and be able to leverage Verint's leading WEM and CX automation solutions, which complement RingCentral's native AI capabilities, to enhance employee productivity and improve customer experiences, ultimately driving competitive advantage and operational efficiency.

VRNT

RingCentral And Verint Announce Strategic Partnership To Bring AI-Powered Workforce Engagement Management And CX Automation To RingCX Customers

Management

RingCentral Appoints Abhey Lamba As Chief Financial Officer

Guidance

RingCentral Sees FY24 Total Revenue $2.397B-$2.399B, Adj. EPS $3.69; Sees Q4 Adj. EPS $0.96-$0.97, Total Revenue $611M-$613M

RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) reported quarterly earnings of $0.95 per share which beat the analyst consensus estimate of $0.92 by 3.26 percent. The company reported quarterly sales of $609.000 million which beat the analyst consensus estimate of $602.122 million by 1.14 percent. This is a 9.11 percent increase over sales of $558.164 million the same period last year.

Earnings

Earnings Beats

RingCentral Q3 2024 Adj. EPS $0.95 Beats $0.92 Estimate, Sales $609.000M Beat $602.122M Estimate

Fully compliant UCaaS solution, Global RingEX Select&#x2122;, backed by certifications from DoT &amp; TRAI, now available across India via new PAN-India license
RingCX&#x2122; native contact center brings robust omnichannel and AI-powered capabilities to agents/supervisors for enhanced customer experiences
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.ringcentral.com&amp;esheet=54134151&amp;newsitemid=20241010648299&amp;lan=en-US&amp;anchor=RingCentral+Inc.&amp;index=1&amp;md5=67a6d206ef82fa95ef1abfcb3549ebc7">RingCentral Inc.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>), a global leader in AI-powered trusted business communications for companies of all sizes, today announced it has received the PAN-India license from the Department of Telecommunications (DoT) to operate across all 22 telecommunications circles in India. As the first cloud provider to deliver fully-compliant Unified Communications as a Service (UCaaS) and Contact Center as a Service (CCaaS) solutions for India, RingCentral enables multinational organizations to connect their global offices with India branch offices for seamless communication and collaboration across messaging, video, and phone with Global RingEX Select. RingCentral's RingCX provides companies with a simple to use, easy to deploy omnichannel contact center solution that delivers seamless, personalized, and high-quality customer experiences. When used together, Global RingEX Select and RingCX enable businesses to deliver exceptional customer service while optimizing workforce collaboration.

RingCentral Receives PAN-India License To Deliver First Fully Compliant Global UCaaS And CCaaS Solutions To Multinational Organizations With Operations In India

The Federal Reserve&#8217;s decision to cut rates by a <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40926026/federal-reserve-delivers-bold-0-5-rate-cut-signals-further-easing-ahead">hefty 0.5% on Wednesday</a> should be helpful to small- to medium-sized companies in the cloud computing space by making it easier for them to refinance debt, according to an analyst.
Piper Sandler analyst James Fisher pointed to five such firms in particular that may benefit the most, given their heavy debt loads: Bandwidth, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BAND#NASDAQ">BAND</a>), DigitalOcean Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCN#NYSE">DOCN</a>), Fastly, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSLY#NYSE">FSLY</a>), RingCentral, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>), and Five9, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>).
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40878710/investors-bet-on-50-basis-point-rate-cut-wall-street-analysts-urge-caution-this-is-">Investors Bet On 50-Basis-Point Rate Cut, Wall Street Analysts Urge Caution: &#8216;This Is A Low-Conviction Fed&#8217;</a>
&#8220;A few names in our coverage will need to refinance debt over the next few years,&#8221; he wrote in a note on Wednesday.
He noted Bandwidth has $250 million in debt coming due in March 2026 and DigitalOcean has $1.5 billion in debt maturing in December 2026. He also pointed out Fastly needs to pay up $347 million by March 2026 and RingCentral has $609 million in debt coming due in March 2026.
He said lower interest rates may better help these companies better assume the interest costs on their debt.
Price Action: These companies all saw gains into Thursday&#8217;s late-morning trading.
<ul>
<li>Bandwidth rose 1.61% to $17.64</li>
<li>Digital Ocean gained 2.38% to $41.75</li>
<li>Fastly picked up 2.98% to $7.25</li>
<li>RingCentral went up 2.04% to $30.70</li>
<li>Five9 went up 2% to $29.09</li>
</ul>
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Photo: Shutterstock

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Fed Rate Cut Eases Debt Refinancing For Smaller Cloud Computing Firms: Analyst Flags 5 Stocks To Watch

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">eGain Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGAN#NASDAQ">EGAN</a>)</h3>
<ul>
<li>On Sept. 5, eGain reported fourth-quarter financial results and issued FY25 adjusted EPS guidance below estimates. &#8220;As businesses invest in Gen AI at scale, our AI Knowledge Hub helps deliver trusted answers for customer service, reducing cost and improving experience,&#8221; said Ashu Roy, eGain&#8217;s CEO. &#8220;As a result, new logo wins and RFPs for AI Knowledge were up 50 percent in fiscal 2024, and we are investing into this growing market opportunity for AI Knowledge.&#8221; The company's stock fell around 26% over the past five days and has a <a href="https://www.benzinga.com/quote/EGAN">52-week low of $4.81</a>.</li>
<li>RSI Value: 25.80</li>
<li>EGAN Price Action: Shares of eGain fell 4.1% to close at $4.90 on Wednesday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091224&amp;t=be2bearmibe3na1">latest EGAN news.</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="892" height="837" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/12063831/image-1-25.png" alt="" class="wp-image-544207" style="width:681px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/12063831/image-1-25.png 892w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/12063831/image-1-25-300x282.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/12063831/image-1-25-768x721.png 768w" sizes="(max-width: 892px) 100vw, 892px" /></a></figure>
<h3 class="wp-block-heading">Five9 Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On Aug. 8, Five9 reported second-quarter 2024 results. Revenue was $252.1 million, beating the consensus of $245.2 million. Mike Burkland, Chairman and CEO,said, "We are pleased to report strong second quarter results, achieving a key milestone with annual revenue run rate exceeding $1 billion, primarily driven by LTM enterprise subscription revenue growing 21% year-over-year." The company's stock fell around 16% over the past month. It<a href="https://www.benzinga.com/quote/FIVN"> has a 52-week low</a> of $26.60.</li>
<li>RSI Value: 26.38</li>
<li>FIVN Price Action: Shares of Five9 rose 1.3% to close at $27.33 on Wednesday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091224&amp;t=be2bearmibe3na1">trend in FIVN stock. </a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="912" height="840" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/12063907/image-96.png" alt="" class="wp-image-544208" style="width:673px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/12063907/image-96.png 912w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/12063907/image-96-300x276.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/12063907/image-96-768x707.png 768w" sizes="(max-width: 912px) 100vw, 912px" /></a></figure>
<h3 class="wp-block-heading">RingCentral Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>)</h3>
<ul>
<li>On Sept. 3, RingCentral announced that CFO Sonalee Parekh will resign. Vlad Shmunis, Founder, Chairman and CEO of RingCentral, said, &#8220;On behalf of the Board and our entire team, I want to thank Sonalee for her many contributions to RingCentral, particularly improved profitability and free cash flow. She has been a trusted partner, and we wish her all the best in her future endeavors.&#8221; The company's shares fell around 12% over the past month and has a 52-week<a href="https://www.benzinga.com/quote/RNG"> low of $25.08</a>.</li>
<li>RSI Value: 29.93</li>
<li>RNG Price Action: Shares of RingCentral rose 0.9% to close at $28.00 on Wednesday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091224&amp;t=be2bearmibe3na1">breakout in RNG shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="890" height="846" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/12063934/image-1-26.png" alt="" class="wp-image-544209" style="width:658px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/12063934/image-1-26.png 890w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/12063934/image-1-26-300x285.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/12063934/image-1-26-768x730.png 768w" sizes="(max-width: 890px) 100vw, 890px" /></a></figure>
Read More:<a href="https://www.benzinga.com/top-stories/24/09/40813043/jim-cramer-not-the-time-to-own-oil-when-asked-about-exxon-mobil-says-ibm-is-performing-well"> </a>
<ul>
<li><a href="https://www.benzinga.com/top-stories/24/09/40813043/jim-cramer-not-the-time-to-own-oil-when-asked-about-exxon-mobil-says-ibm-is-performing-well">Jim Cramer: &#8216;Not The Time To Own Oil,&#8217; When Asked About Exxon Mobil; Says IBM Is &#8216;Performing Well&#8217;</a></li>
</ul>

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RingCentral shares are trading lower after the company announced that CFO Sonalee Parekh will resign.

RingCentral Inc Announces CFO Sonalee Parekh To Resign Effective September 10, 2024; Company Begins Search For Successor; No Change To Outlook

Deutsche Bank analyst Matthew Niknam maintains RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) with a Buy and raises the price target from $42 to $45.

Deutsche Bank Maintains Buy on RingCentral, Raises Price Target to $45

Baird analyst William Power maintains RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) with a Neutral and raises the price target from $35 to $36.

Baird Maintains Neutral on RingCentral, Raises Price Target to $36

Piper Sandler analyst James Fish raised the firm's price target on RingCentral (RNG) to $38 from $31 and keeps a Neutral rating on the shares follo...

RingCentral price target raised to $38 from $31 at Piper Sandler

JFrog slips as earnings season hops along while pair of semis rebound

Robert W. Baird analyst William Power has maintained their neutral stance on RNG stock, giving a Hold rating yesterday. William Power has given his...

RingCentral's Q3 Performance: Solid, Yet Cautious Assessment Amid Competitive Challenges

Executive reshuffles: U, MAC, IRBT and APTV

Ryan Koontz, an analyst from Needham, maintained the Buy rating on RingCentral (RNG – Research Report). The associated price target is $42.00. Ryan...

RingCentral Maintains Strong Growth and Market Leadership, Justifying Buy Rating

In a report released today, Michael Latimore from Northland Securities maintained a Buy rating on RingCentral (RNG – Research Report), with a price...

Northland Securities Sticks to Its Buy Rating for RingCentral (RNG)

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Nice downgraded to Neutral at Piper after 'disappointing results' in Cloud

HubSpot (HUBS) reported strong financial results in the recently reported quarter, beating analysts' estimates easily. While HUBS' diverse portfolio, strategic acquisitions, and technological innovation position it for success, its elevated valuation and market competition present lingering risks that could hinder its growth. So, should you buy this stock after its earnings release? Read more to find out... HubSpot, Inc. (<a href="https://stocknews.com/stock/HUBS/">HUBS</a>) is a leader in marketing software. It provides a cloud-based customer relationship management (CRM) platform for businesses. The company recently reported strong financial results, beating the analysts' expectations and matching its guidance. Its strong earnings and revenue growth have positioned it as a compelling investment option.
HUBS' stock has been on a growth rally this year, attracting investors for a long-term run. The stock has gained 21.6% over the past month and 44.6% over the past year to close the last trading session at $677.07.
Further, the company stands to outperform in the coming periods with the rapid evolution in digital technologies, especially AI, which HUBS is increasingly incorporating into its operations. Also, with the rising prevalence of social media, online platforms, and other digital channels, HubSpot's growth opportunities are endless.
During the third quarter, HubSpot acquired Cacheflow, resulting in domain expertise in billing and CPQ. Also, the company introduced Breeze and Breeze Intelligence, its newest innovations for powering the customers platform. The company is making strong strides in expanding its operations in the segment and firming its market position even further.
Let's look at factors that could influence HUBS' performance in the upcoming months.
Positive Recent Developments
On October 30, HUBS successfully completed the acquisition of Cacheflow, a leading B2B Billing Management and CPQ Solution. Now, Cacheflow is a wholly owned subsidiary of HubSpot and will be integrated as an offering within Commerce Hub over time.
With this strategic acquisition, HUBS will gain domain expertise in billing and CPQ. This will enable the company to build these critical features directly into Commerce Hub, providing its customers with an experience that automates revenue management and shortens the sales cycle.
On September 18, HUBS introduced Breeze, an embedded AI with a new Copilot and four Breeze agents to power the customer platform. It includes over 80 more features embedded across the platform, from remixing content to predicting sales forecasts.
The company also launched Breeze Intelligence offering data enrichment, Buyer intent, and Form shortening to increase conversion. HUBS also announced updates to Marketing Hub and Content Hub, giving marketers new tools for growth.
On the same date, HUBS and Amplitude, Inc. (AMPL), a leading digital analytics platform, announced a global strategic partnership to help Go To Market (GTM) teams close more deals. This strategic partnership will enable GTM teams to automatically prioritize leads, improve sales conversion, and retain more customers.
Stable Financials
For the third quarter that ended September 30, 2024, HUBS reported total revenue of $669.72 million, up 20.1% from the prior year's quarter. Its gross profit for the quarter grew 20.9% from the year-ago value to $570.40 million. The company's non-GAAP <a href="https://www.investopedia.com/terms/n/netincome.asp">net income</a> came in at $116.60 million and $2.18 per share, reflecting growth of 37.3% and 34.6% year-over-year, respectively.
Furthermore, the company's non-GAAP free cash flow increased 99.6% year-over-year to $129.23 million. Also, HUBS' total assets stood at $3.56 billion as of September 30, 2024, compared to $3.07 billion as of December 31, 2023.
The company issued its guidance for the fourth quarter, anticipating total revenue between $672 and $674 million. It also expects non-GAAP operating income to range from $128 million to $129 million and non-GAAP net income per common share to be $2.18 to $2.20.
For the full year 2024, the company's total revenue is expected to be $2.597 billion to $2.599 billion. HUBS' non-GAAP operating income is set at $455 million - $456 million. Non-GAAP net income per common share is projected to be in the range of $7.98 to $8.00.
Impressive Historical Growth
HUBS' revenue grew at a CAGR of 28.4% over the past three years. Its tangible book value increased at a CAGR of 23.9% over the same period, while the company's total assets and levered free cash flow grew at respective CAGRs of 19.9% and 32.2% over the same time frame.
Favorable Analyst Estimates
Analysts expect HUBS' revenue for the fourth quarter (ending December 2024) to come in at $673.68 million, indicating an increase of 15.8% year-over-year, and its consensus EPS estimate of $2.20 for the same period indicates a 24.8% improvement year-over-year. Moreover, the company has surpassed the consensus revenue and EPS estimates in all of the trailing four quarters, which is remarkable.
For the fiscal year (ending December 2024), the company's EPS is anticipated to grow 35.8% year-over-year to $8, while its revenue is expected to increase 19.7% year-over-year to $2.60 billion. In addition, Street expects its revenue and EPS for the fiscal year 2025 to grow 15.8% and 14.2% from the prior year to $3.01 billion and $9.14, respectively.
Elevated Valuation
In terms of forward non-GAAP P/E, HUBS is currently trading at 84.62x, 249% higher than the industry average of 24.25x. Likewise, the stock's forward EV/Sales and EV/EBITDA of 13x and 62.24x are significantly higher than the industry average of 3.01x and 14.83x, respectively.
Furthermore, the stock's forward Price/Sales and Price/Book of 13.45x and 18.61x are 348.6% and 334.3% higher than the industry averages of 3x and 4.29x, respectively.
POWR Ratings Reflect Uncertainty
HUBS' mixed fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of C, translating to a Neutral in our proprietary system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. HUBS has a B grade for Sentiment, which is consistent with its optimistic analyst estimates.
However, the stock has a D grade for Value, consistent with its higher-than-industry valuation.
HUBS is ranked #22 among the 39 stocks in the B-rated <a href="https://stocknews.com/category/software-business/">Software - Business</a> industry.
Beyond what I have stated above, we have also given HUBS grades for Growth, Stability, Momentum, and Quality. Get access to all the HUBS ratings <a href="https://stocknews.com/stock/HUBS/">here</a>.
Bottom Line
HUBS reported solid financial results in the last reported quarter. The company has a strong presence in the software market, offering a wide of services to its customers. It also continues to expand its operations through innovative solutions and strategic acquisitions, which are contributing to strengthening its market position.
However, owing to its elevated valuation and rigid market competition, it could be wise to wait for a better entry into this stock.
Stocks to Consider Instead of HubSpot, Inc. (HUBS)
Given its near-term uncertain prospects, the odds of HUBS outperforming in the weeks and months ahead are compromised. However, there are many industry peers with much more impressive POWR Ratings. So, consider these A (Strong Buy) or B (Buy) stocks from the B-rated <a href="https://stocknews.com/category/software-business/">Software - Business</a> industry instead:
SolarWinds Corporation (<a href="https://stocknews.com/stock/SWI/">SWI</a>), RingCentral Inc. Cl A (<a href="https://stocknews.com/stock/RNG/">RNG</a>), and VMware Inc. (<a href="https://stocknews.com/stock/VMW/">VMW</a>)
For exploring more A and B-rated software stocks, <a href="https://stocknews.com/category/software-business/">click here</a>.
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HUBS shares were trading at $668.28 per share on Monday afternoon, down $8.79 (-1.30%). Year-to-date, HUBS has gained 15.11%, versus a 24.92% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/hubs-swi-rng-vmw-hubspots-growth-trajectory-is-hubs-a-smart-investment-now/>HubSpot's Growth Trajectory: Is HUBS a Smart Investment Now?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

HubSpot's Growth Trajectory: Is HUBS a Smart Investment Now?

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