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RingCentral (RNG) Stock Price, News & Analysis

$31.94
-2.17 (-6.36%)
(As of 10:46 AM ET)
Compare
Today's Range
$31.17
$32.17
50-Day Range
$25.31
$34.11
52-Week Range
$25.08
$49.32
Volume
800,661 shs
Average Volume
1.68 million shs
Market Capitalization
$2.99 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$41.57

RingCentral MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.55 Rating Score
Upside/​Downside
26.1% Upside
$41.57 Price Target
Short Interest
Healthy
4.85% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.14
Upright™ Environmental Score
News Sentiment
0.80mentions of RingCentral in the last 14 days
Based on 21 Articles This Week
Insider Trading
Selling Shares
$3.73 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.20) to $0.04 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.84 out of 5 stars

Computer And Technology Sector

104th out of 586 stocks

Data Processing & Preparation Industry

8th out of 51 stocks


RNG stock logo

About RingCentral Stock (NYSE:RNG)

RingCentral, Inc. provides cloud communications, video meetings, collaboration, and contact center software-as-a-service solutions worldwide. The company's products include RingCentral Message Video Phone (MVP) 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 omni-channel and workforce engagement solution with integrated RingCentral MVP; and RingCentral Engage Digital, a digital customer engagement platform that allows enterprises to interact with their customers. The company's products also comprise RingCentral Engage Voice, a cloud-based outbound/blended customer engagement platform for midsize and enterprise companies; RingCentral Video, a video meeting service which includes the company's RCV video and team messaging capabilities and offers video and audio conferencing, file sharing, contact, task, and calendar management. In addition, it offers RingCentral professional services. The company serves a range of industries, including financial services, education, healthcare, legal services, real estate, retail, technology, insurance, construction, hospitality, and state and local government, as well as others. It sells its products through a network of direct sales representatives, as well as sales agents, resellers, and channel partners. The company was incorporated in 1999 and is headquartered in Belmont, California.

RNG Stock Price History

RNG Stock News Headlines

RingCentral CEO Robbiati Out After Three Months on Job
RingCentral founder returns, CEO ousted
Countries Are Investing Heavily Into Securing Energy Independence
There's a worldwide "arms race" for countries to secure lithium - the critical metal essential to powering the world's green energy transition. While the U.S. is now investing heavily into lithium production, the North American supply chain has fallen far behind. One company is on a mission to change that and make a previously remote area the next great lithium mining hub.
RingCentral Announces Return of Vlad Shmunis as CEO
RingCentral Target of Unusually Large Options Trading (NYSE:RNG)
Countries Are Investing Heavily Into Securing Energy Independence
There's a worldwide "arms race" for countries to secure lithium - the critical metal essential to powering the world's green energy transition. While the U.S. is now investing heavily into lithium production, the North American supply chain has fallen far behind. One company is on a mission to change that and make a previously remote area the next great lithium mining hub.
Where RingCentral Stands With Analysts
RingCentral: Rating Upgrade As Things Are Stabilizing
What 6 Analyst Ratings Have To Say About RingCentral
RingCentral Unleashes AI-Powered Customer Engagement for All
RNG Nov 2023 31.000 call
See More Headlines
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Company Calendar

Last Earnings
11/06/2023
Today
12/11/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/21/2024

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
N/A
Employees
3,902
Year Founded
1999

Price Target and Rating

Average Stock Price Target
$41.57
High Stock Price Target
$54.00
Low Stock Price Target
$29.00
Potential Upside/Downside
+21.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.55
Research Coverage
20 Analysts

Profitability

Net Income
$-879,170,000.00
Pretax Margin
-18.26%

Debt

Sales & Book Value

Annual Sales
$1.99 billion
Cash Flow
$1.97 per share
Book Value
($5.06) per share

Miscellaneous

Free Float
87,663,000
Market Cap
$3.20 billion
Optionable
Optionable
Beta
0.88

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RNG Stock Analysis - Frequently Asked Questions

Should I buy or sell RingCentral stock right now?

20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for RingCentral in the last year. There are currently 10 hold ratings, 9 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?

20 brokers have issued 12-month target prices for RingCentral's stock. Their RNG share price targets range from $29.00 to $54.00. On average, they anticipate the company's share price to reach $41.57 in the next twelve months. This suggests a possible upside of 26.1% 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 2023?

RingCentral's stock was trading at $35.40 at the beginning of 2023. Since then, RNG stock has decreased by 6.9% and is now trading at $32.97.
View the best growth stocks for 2023 here
.

When is RingCentral's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 21st 2024.
View our RNG earnings forecast
.

How were RingCentral's earnings last quarter?

RingCentral, Inc. (NYSE:RNG) announced its earnings results on Monday, November, 6th. The software maker reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by $0.08. The software maker earned $558.16 million during the quarter, compared to the consensus estimate of $553.92 million.

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

RingCentral issued an update on its fourth quarter earnings guidance on Monday, December, 11th. The company provided EPS guidance of $0.82-0.83 for the period, compared to the consensus estimate of $0.82. The company issued revenue guidance of $566.5-573.5 million, compared to the consensus revenue estimate of $570.47 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 retail and institutional investors. Top institutional shareholders include Sylebra Capital LLC (8.73%), Ameriprise Financial Inc. (2.87%), AQR Capital Management LLC (0.96%), Charles Schwab Investment Management Inc. (0.77%), Bank of New York Mellon Corp (0.72%) and Maple Rock Capital Partners Inc. (0.55%). Insiders that own company stock include Anand Eswaran, Godfrey Sullivan, John H Marlow, John H Marlow, Joseph D Mansueto, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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 12/11/2023 by MarketBeat.com Staff

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