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RingCentral Stock Price, Forecast & Analysis (NYSE:RNG)

$169.97
-0.22 (-0.13 %)
(As of 11/18/2019 01:41 PM ET)
Today's Range
$168.19
Now: $169.97
$170.34
50-Day Range
$121.61
MA: $159.11
$176.12
52-Week Range
$64.41
Now: $169.97
$177.99
Volume22,644 shs
Average Volume1.36 million shs
Market Capitalization$14.10 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.87
RingCentral, Inc provides software-as-a-service solutions that enable businesses to communicate, collaborate, and connect primarily in North America. The company's products include RingCentral Office, provides communication and collaboration across various modes, including high-definition voice, video, SMS, messaging and collaboration, conferencing, online meetings, and fax through smartphones, tablets, PCs, and desk phones; RingCentral Professional, a cloud based virtual telephone service for professionals, as well as provides inbound call answering and management services, and includes inbound local, long-distance, and toll-free minutes; and RingCentral Fax that provides online fax capabilities that allow businesses to send and receive fax documents without a fax machine. Read More…

Industry, Sector and Symbol

Industry Data processing & preparation
Sub-IndustryN/A
SectorComputer and Technology
CUSIPN/A
Phone650-472-4100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$673.62 million
Cash Flow$0.70 per share
Book Value$4.45 per share

Profitability

Net Income$-26,200,000.00

Miscellaneous

Employees1,871
Market Cap$14.10 billion
Next Earnings Date2/10/2020 (Estimated)
OptionableOptionable

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RingCentral (NYSE:RNG) Frequently Asked Questions

What is RingCentral's stock symbol?

RingCentral trades on the New York Stock Exchange (NYSE) under the ticker symbol "RNG."

How will RingCentral's stock buyback program work?

RingCentral declared that its board has approved a share buyback plan on Thursday, March 1st 2018, which authorizes the company to repurchase $35,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase shares of its stock through a private placement purchase. Shares repurchase plans are generally a sign that the company's board of directors believes its stock is undervalued.

How were RingCentral's earnings last quarter?

RingCentral Inc (NYSE:RNG) issued its earnings results on Monday, November, 4th. The software maker reported $0.22 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.19 by $0.03. The software maker earned $233.35 million during the quarter, compared to analysts' expectations of $221.37 million. RingCentral had a negative return on equity of 1.61% and a negative net margin of 4.06%. The company's revenue for the quarter was up 34.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.19 earnings per share. View RingCentral's Earnings History.

When is RingCentral's next earnings date?

RingCentral is scheduled to release their next quarterly earnings announcement on Monday, February 10th 2020. View Earnings Estimates for RingCentral.

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

RingCentral issued an update on its fourth quarter earnings guidance on Monday, November, 4th. The company provided EPS guidance of approx $0.21 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.21. The company issued revenue guidance of $238-240 million, compared to the consensus revenue estimate of $237.35 million.

What price target have analysts set for RNG?

17 brokerages have issued 12 month price targets for RingCentral's stock. Their forecasts range from $95.00 to $225.00. On average, they anticipate RingCentral's share price to reach $161.69 in the next twelve months. This suggests that the stock has a possible downside of 4.9%. View Analyst Price Targets for RingCentral.

What is the consensus analysts' recommendation for RingCentral?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for RingCentral in the last year. There are currently 2 hold ratings, 14 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for RingCentral.

What are Wall Street analysts saying about RingCentral stock?

Here are some recent quotes from research analysts about RingCentral stock:
  • 1. According to Zacks Investment Research, "RingCentral, Inc. provides solutions for business communications primarily in the United States. The Company's products include RingCentral Office, RingCentral Mobile and RingCentral Fax. It provides solutions such as auto-receptionist, flexible extension structure, multiple voicemail boxes, smart call routing, business answering rules, extension dialing, call transfers and elegant integration with Smartphones. RingCentral, Inc. is headquartered in San Mateo, California. " (11/9/2019)
  • 2. Stephens analysts commented, "We remain Equal-Weight/Vol. on valuation (9.1x CY20 EV/sales vs. CaaS peers at 5.0x), and intensifying vendor competition. KEY Key Metrics Stephens Consensus Actual vs. Street Revenue ($ mil.) 193.3 193.5 201.5 4.1% Subscription Rev. ($ mil.) 176.5 176.8 182.7 3.3% ($ mil.) 205.9 203.1 204.5 0.7% Subscription Rev. ($ mil.) 187.5 185.3 186.5 0.6% ($ mil.) 860.4 854.8 864.0 1.1% Subscription Rev. ($ mil.) 784.4 780.7 788.0 0.9% FactSet Research Systems, Company reports, Stephens Inc." (5/6/2019)

Has RingCentral been receiving favorable news coverage?

Press coverage about RNG stock has trended very negative on Monday, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. RingCentral earned a media sentiment score of -3.0 on InfoTrie's scale. They also assigned media stories about the software maker a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the immediate future. View News Stories for RingCentral.

Are investors shorting RingCentral?

RingCentral saw a decrease in short interest in October. As of October 31st, there was short interest totalling 5,000,000 shares, a decrease of 8.1% from the September 30th total of 5,440,000 shares. Based on an average daily trading volume, of 1,160,000 shares, the short-interest ratio is currently 4.3 days. Approximately 7.1% of the shares of the stock are short sold. View RingCentral's Current Options Chain.

Who are some of RingCentral's key competitors?

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), Netflix (NFLX), Micron Technology (MU), salesforce.com (CRM), Roku (ROKU), Square (SQ), Advanced Micro Devices (AMD), Twilio (TWLO) and Mastercard (MA).

Who are RingCentral's key executives?

RingCentral's management team includes the folowing people:
  • Mr. Vladimir G. Shmunis, Co-Founder, Chairman & CEO (Age 58)
  • Mr. Mitesh Dhruv CFA, Chief Financial Officer (Age 41)
  • Mr. David D. Sipes, Chief Operating Officer (Age 52)
  • Mr. John H. Marlow, Chief Admin. Officer, Gen. Counsel & Sr. VP of Corp. Devel. (Age 50)
  • Mr. Praful K. Shah, Chief Strategy Officer (Age 63)

Who are RingCentral's major shareholders?

RingCentral's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Eagle Asset Management Inc. (0.81%), Carillon Tower Advisers Inc. (0.53%), Columbus Circle Investors (0.46%), Massachusetts Financial Services Co. MA (0.43%), First Trust Advisors LP (0.37%) and Stephens Investment Management Group LLC (0.26%). Company insiders that own RingCentral stock include David Sipes, John H Marlow, Mckenna Michelle, Mitesh Dhruv, Praful Shah, Robert I Theis, Vaibhav Agarwal and Vladimir Shmunis. View Institutional Ownership Trends for RingCentral.

Which major investors are selling RingCentral stock?

RNG stock was sold by a variety of institutional investors in the last quarter, including Columbus Circle Investors, First Trust Advisors LP, Assenagon Asset Management S.A., Russell Investments Group Ltd., Daiwa Securities Group Inc., 1492 Capital Management LLC, Eagle Asset Management Inc. and Chartwell Investment Partners LLC. Company insiders that have sold RingCentral company stock in the last year include David Sipes, John H Marlow, Mckenna Michelle, Mitesh Dhruv, Praful Shah, Robert I Theis, Vaibhav Agarwal and Vladimir Shmunis. View Insider Buying and Selling for RingCentral.

Which major investors are buying RingCentral stock?

RNG stock was acquired by a variety of institutional investors in the last quarter, including Cookson Peirce & Co. Inc., Massachusetts Financial Services Co. MA, Selz Capital LLC, State of New Jersey Common Pension Fund D, Carillon Tower Advisers Inc., California Public Employees Retirement System, Tuttle Tactical Management and Cognios Capital LLC. View Insider Buying and Selling for RingCentral.

How do I buy shares of RingCentral?

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

What is RingCentral's stock price today?

One share of RNG stock can currently be purchased for approximately $169.97.

How big of a company is RingCentral?

RingCentral has a market capitalization of $14.10 billion and generates $673.62 million in revenue each year. The software maker earns $-26,200,000.00 in net income (profit) each year or ($0.04) on an earnings per share basis. RingCentral employs 1,871 workers across the globe.View Additional Information About RingCentral.

What is RingCentral's official website?

The official website for RingCentral is http://www.ringcentral.com/.

How can I contact RingCentral?

RingCentral's mailing address is 20 DAVIS DRIVE, BELMONT CA, 94002. The software maker can be reached via phone at 650-472-4100 or via email at [email protected]


MarketBeat Community Rating for RingCentral (NYSE RNG)

Community Ranking:  3.2 out of 5 (star star star)
Outperform Votes:  638 (Vote Outperform)
Underperform Votes:  361 (Vote Underperform)
Total Votes:  999
MarketBeat's community ratings are surveys of what our community members think about RingCentral and other stocks. Vote "Outperform" if you believe RNG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe RNG will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/18/2019 by MarketBeat.com Staff

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