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NYSE:RNG

RingCentral (RNG) Stock Price, News & Analysis

$34.87
-0.01 (-0.03%)
(As of 02:10 PM ET)
Today's Range
$34.51
$35.30
50-Day Range
$30.22
$36.34
52-Week Range
$25.08
$43.28
Volume
332,568 shs
Average Volume
1.25 million shs
Market Capitalization
$3.22 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$38.89

RingCentral MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
11.6% Upside
$38.89 Price Target
Short Interest
Healthy
5.18% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.14
Upright™ Environmental Score
News Sentiment
0.82mentions of RingCentral in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$732,427 Sold Last Quarter
Proj. Earnings Growth
108.89%
From $0.45 to $0.94 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.72 out of 5 stars

Computer And Technology Sector

47th out of 587 stocks

Data Processing & Preparation Industry

3rd out of 58 stocks

RNG stock logo

About RingCentral Stock (NYSE:RNG)

RingCentral, Inc., together with its subsidiaries, provides cloud communications, video meetings, collaboration, and contact center software-as-a-service solutions worldwide. The company's products include RingCentral Message Video Phone that provides a unified experience for communication and collaboration across multiple modes, including HD voice, video, SMS, messaging and collaboration, conferencing, online meetings, and fax; RingCentral Contact Center, a collaborative contact center solution that delivers AI-powered omnichannel and workforce engagement solutions with integrated RingCentral MVP; and RingCX, an AI-powered contact center that a native delivers omnichannel experience. It provides RingCentral Video, a video meeting service that includes the company's RCV video and team messaging capabilities; offers video and audio conferencing, team messaging, file sharing, contact, task, and calendar management, as well as pre-meeting, in-meeting, and post-meeting capabilities. In addition, the company offers RingCentral Professional Services, which include consultation, UCaaS and CCaaS implementation, VoIP phone system adoption, configuring custom workflows, customer and user onboarding, ongoing support, advanced support, managed services, and more. It serves a range of industries, including financial services, education, healthcare, legal services, real estate, retail, technology, insurance, construction, hospitality, state and local government, and others. It sells its products to enterprise customers, as well as small and medium-sized businesses through resellers and distributors, partners, and global service providers. RingCentral, Inc. was incorporated in 1999 and is headquartered in Belmont, California.

RNG Stock Price History

RNG Stock News Headlines

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When these tech bubbles burst, they invariably leave investors disillusioned by their losses. Now, many worry a similar fate is awaiting AI. And one man, legendary financial analyst Porter Stansberry, who called Nvidia at $11…
Validea Detailed Fundamental Analysis - RNG
RNG Oct 2024 40.000 call
AI to Meet the Same Fate as EVs?
When these tech bubbles burst, they invariably leave investors disillusioned by their losses. Now, many worry a similar fate is awaiting AI. And one man, legendary financial analyst Porter Stansberry, who called Nvidia at $11…
RNG Mar 2024 33.000 call
RingCentral deputy CFO sells shares worth over $491k
RNG Mar 2024 36.000 put
RNG Mar 2024 26.000 call
RNG Mar 2024 37.000 put
RNG Mar 2024 29.000 put
RingCentral: Neutral Downgrade Amid Uncertainties
RNG Mar 2024 30.000 put
RNG Apr 2024 32.000 put
RNG Jan 2026 40.000 put
RNG Apr 2024 26.000 put
RNG Mar 2024 35.000 call
RingCentral Inc CFO Sonalee Parekh Sells 20,455 Shares
RingCentral Inc CEO Vladimir Shmunis Sells 195,778 Shares
See More Headlines
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Company Calendar

Last Earnings
2/20/2024
Today
3/28/2024
Next Earnings (Estimated)
5/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
N/A
Employees
4,084
Year Founded
1999

Price Target and Rating

Average Stock Price Target
$38.89
High Stock Price Target
$50.00
Low Stock Price Target
$31.00
Potential Upside/Downside
+11.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
16 Analysts

Profitability

Net Income
$-165,240,000.00
Pretax Margin
-7.12%

Debt

Sales & Book Value

Annual Sales
$2.20 billion
Cash Flow
$2.69 per share
Book Value
($5.38) per share

Miscellaneous

Free Float
86,077,000
Market Cap
$3.22 billion
Optionable
Optionable
Beta
0.92

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RNG Stock Analysis - Frequently Asked Questions

Should I buy or sell RingCentral stock right now?

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for RingCentral in the last year. There are currently 8 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" RNG shares.
View RNG analyst ratings
or view top-rated stocks.

What is RingCentral's stock price target for 2024?

16 Wall Street research analysts have issued twelve-month target prices for RingCentral's shares. Their RNG share price targets range from $31.00 to $50.00. On average, they expect the company's share price to reach $38.89 in the next twelve months. This suggests a possible upside of 11.6% from the stock's current price.
View analysts price targets for RNG
or view top-rated stocks among Wall Street analysts.

How have RNG shares performed in 2024?

RingCentral's stock was trading at $33.95 at the beginning of 2024. Since then, RNG stock has increased by 2.6% and is now trading at $34.84.
View the best growth stocks for 2024 here
.

When is RingCentral's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our RNG earnings forecast
.

How were RingCentral's earnings last quarter?

RingCentral, Inc. (NYSE:RNG) issued its earnings results on Tuesday, February, 20th. The software maker reported ($0.33) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by $0.31. The software maker had revenue of $571.27 million for the quarter, compared to analysts' expectations of $569.65 million.

What guidance has RingCentral issued on next quarter's earnings?

RingCentral issued an update on its first quarter 2024 earnings guidance on Tuesday, February, 20th. The company provided EPS guidance of 0.790-0.800 for the period, compared to the consensus EPS estimate of 0.820. The company issued revenue guidance of $575.0 million-$580.0 million, compared to the consensus revenue estimate of $581.5 million.

What is Vlad Shmunis' approval rating as RingCentral's CEO?

659 employees have rated RingCentral Chief Executive Officer Vlad Shmunis on Glassdoor.com. Vlad Shmunis has an approval rating of 98% among the company's employees. This puts Vlad Shmunis in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of RingCentral own?

Based on aggregate information from My MarketBeat watchlists, some companies that other RingCentral investors own include NVIDIA (NVDA), Alibaba Group (BABA), Salesforce (CRM), Block (SQ), PayPal (PYPL), Advanced Micro Devices (AMD), DocuSign (DOCU), Netflix (NFLX), Shopify (SHOP) and ServiceNow (NOW).

Who are RingCentral's major shareholders?

RingCentral's stock is owned by a number of institutional and retail investors. Top institutional investors include Capital World Investors (12.07%), Vanguard Group Inc. (11.06%), Vanguard Group Inc. (11.23%), First Trust Advisors LP (2.12%), No Street GP LP (1.60%) and Voloridge Investment Management LLC (0.97%). Insiders that own company stock include Anand Eswaran, Godfrey Sullivan, John H Marlow, John H Marlow, Joseph D Mansueto, Kenneth A Goldman, Mitesh Dhruv, Mohammed Katibeh, Praful Shah, R Neil Williams, Robert I Theis, Sonalee Elizabeth Parekh, Vaibhav Agarwal and Vladimir Shmunis.
View institutional ownership trends
.

How do I buy shares of RingCentral?

Shares of RNG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does RingCentral have any subsidiaries?
The following companies are subsidiares of RingCentral: Connect First Inc., DeepAffects, Dimelo SA, Glip Inc., Kindite, RCLEC Inc., RCVA Inc., RingCentral Australia Pty Ltd, RingCentral B.V., RingCentral Brasil Soluções em TI LTDA, RingCentral CH GmbH, RingCentral Canada Inc., RingCentral Espana SL, RingCentral Estonia OÜ, RingCentral Florida LLC, RingCentral France, RingCentral Germany GmbH, RingCentral Holdings I Inc., RingCentral Hong Kong Limited, RingCentral IP Holdings Inc., RingCentral India Private Limited, RingCentral Innovation (India) Private Limited, RingCentral International Inc., RingCentral Ireland Limited, RingCentral Israel Ltd., RingCentral Italy S.R.L., RingCentral Japan K.K., RingCentral Korea Ltd., RingCentral Philippines Inc., RingCentral Singapore Pte. Ltd., RingCentral South Africa Pty Ltd, RingCentral UK LTD, RingCentral Ventures LLC, and Xiamen RingCentral Software Co. Ltd..
Read More
This page (NYSE:RNG) was last updated on 3/28/2024 by MarketBeat.com Staff

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