RingCentral (RNG) Stock Price, News & Analysis

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.
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16 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 year. This suggests a possible upside of 30.9% from the stock's current price.
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RingCentral's stock was trading at $33.95 on January 1st, 2024. Since then, RNG shares have decreased by 12.5% and is now trading at $29.72.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
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RingCentral, Inc. (NYSE:RNG) released 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 earned $571.27 million during the quarter, compared to analyst estimates of $569.65 million.

ETFs with the largest weight of RingCentral (NYSE:RNG) stock in their portfolio include Global X Education ETF (EDUT), Direxion Work From Home ETF (WFH), iShares Virtual Work and Life Multisector ETF (IWFH), First Trust Cloud Computing ETF (SKYY), WisdomTree Cloud Computing Fund (WCLD), ProShares Ultra Nasdaq Cloud Computing ETF (SKYU), Global X Founder-Run Companies ETF (BOSS) and Fidelity Disruptive Communications ETF (FDCF).

RingCentral updated its first quarter 2024 earnings guidance on Tuesday, February, 20th. The company provided earnings per share (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.

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.

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).

RingCentral's stock is owned by a variety of institutional and retail investors. Top institutional investors include Alaska Permanent Fund Corp (0.08%), IMC Chicago LLC (0.00%), Sovereign Financial Group Inc. (0.01%) and Sunbelt Securities Inc. (0.00%). 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.
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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.
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