RingCentral (RNG) Stock Forecast, Price & News

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for RingCentral in the last twelve months. There are currently 10 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" RNG shares.
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20 Wall Street research analysts have issued twelve-month target prices for RingCentral's stock. Their RNG share price forecasts range from $29.00 to $62.00. On average, they anticipate the company's share price to reach $43.52 in the next twelve months. This suggests a possible upside of 50.0% from the stock's current price.
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RingCentral's stock was trading at $35.40 at the start of the year. Since then, RNG shares have decreased by 18.0% and is now trading at $29.02.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
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RingCentral, Inc. (NYSE:RNG) issued its quarterly earnings data on Monday, August, 7th. The software maker reported ($0.03) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.07) by $0.04. The software maker had revenue of $539.31 million for the quarter, compared to analysts' expectations of $536.04 million.

ETFs with the largest weight of RingCentral (NYSE:RNG) stock in their portfolio include Global X Education ETF (EDUT), iShares Virtual Work and Life Multisector ETF (IWFH), Direxion Work From Home ETF (WFH), 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 Wedbush ETFMG Global Cloud Technology ETF (IVES).

RingCentral issued an update on its third quarter 2023 earnings guidance on Monday, August, 7th. The company provided earnings per share (EPS) guidance of $0.75-$0.78 for the period, compared to the consensus EPS estimate of $0.82. The company issued revenue guidance of $552.00 million-$556.00 million, compared to the consensus revenue estimate of $553.71 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "RNG."

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.
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One share of RNG stock can currently be purchased for approximately $29.02.

RingCentral (NYSE:RNG) has a market capitalization of $2.75 billion and generates $1.99 billion in revenue each year. The software maker earns $-879,170,000.00 in net income (profit) each year or ($6.75) on an earnings per share basis.

The company employs 3,902 workers across the globe.

RingCentral's mailing address is 20 DAVIS DRIVE, BELMONT CA, 94002. The official website for the company is www.ringcentral.com. The software maker can be reached via phone at (650) 472-4100, via email at ir@ringcentral.com, or via fax at 888-528-7464.