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NYSE:RNG

RingCentral (RNG) Stock Price, News & Analysis

$34.91
+0.62 (+1.81%)
(As of 07/26/2024 ET)
Today's Range
$34.53
$35.66
50-Day Range
$26.99
$37.23
52-Week Range
$25.08
$41.76
Volume
1.31 million shs
Average Volume
1.22 million shs
Market Capitalization
$3.22 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$38.94

RingCentral MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.53 Rating Score
Upside/​Downside
11.6% Upside
$38.94 Price Target
Short Interest
Bearish
6.60% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.14
Upright™ Environmental Score
News Sentiment
0.52mentions of RingCentral in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$762,165 Sold Last Quarter
Proj. Earnings Growth
98.15%
From $0.54 to $1.07 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.

4.28 out of 5 stars

Computer And Technology Sector

227th out of 612 stocks

Data Processing & Preparation Industry

17th 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

RingCentral (NYSE:RNG) Stock Rating Lowered by StockNews.com
Get out of cash before the Fed's next meeting
"How I 6X-ed my wife's 401K in 1 year" At the peak of the dot-com boom, a former hedge fund manager put all $20,000 of his wife's 401k into shares of just ONE stock. Everyone on Wall Street said he was crazy. But a year later, that $20,000 in his wife's account was worth $120,000. Today, he says: "If you thought the dot-com mania was intense, what's about to happen in the coming weeks could be even crazier and could open up a new window of opportunity for 500%-plus gains."
RingCentral Review (2024): Is It Right For Your Business?
RingCentral (RNG) Scheduled to Post Earnings on Thursday
FIVN Sep 2024 60.000 call
Get out of cash before the Fed's next meeting
"How I 6X-ed my wife's 401K in 1 year" At the peak of the dot-com boom, a former hedge fund manager put all $20,000 of his wife's 401k into shares of just ONE stock. Everyone on Wall Street said he was crazy. But a year later, that $20,000 in his wife's account was worth $120,000. Today, he says: "If you thought the dot-com mania was intense, what's about to happen in the coming weeks could be even crazier and could open up a new window of opportunity for 500%-plus gains."
FIVN Dec 2025 75.000 put
FIVN Dec 2025 100.000 put
FIVN Apr 2025 65.000 call
RingCentral Inc - Class A
7 Must-Have Growth Stocks to Hold Until 2031
See More Headlines
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Company Calendar

Last Earnings
5/07/2024
Today
7/26/2024
Next Earnings (Confirmed)
8/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
Business Services
Employees
4,084
Year Founded
1999

Price Target and Rating

Average Stock Price Target
$38.94
High Stock Price Target
$50.00
Low Stock Price Target
$28.00
Potential Upside/Downside
+11.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.53
Research Coverage
19 Analysts

Profitability

Net Income
$-165,240,000.00
Pretax Margin
-5.80%

Debt

Sales & Book Value

Annual Sales
$2.20 billion
Cash Flow
$2.97 per share
Book Value
($5.38) per share

Miscellaneous

Free Float
85,943,000
Market Cap
$3.22 billion
Optionable
Optionable
Beta
1.03

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RNG Stock Analysis - Frequently Asked Questions

How have RNG shares performed this year?

RingCentral's stock was trading at $33.95 at the beginning of the year. Since then, RNG stock has increased by 2.8% and is now trading at $34.91.
View the best growth stocks for 2024 here
.

How were RingCentral's earnings last quarter?

RingCentral, Inc. (NYSE:RNG) posted its quarterly earnings data on Tuesday, May, 7th. The software maker reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.05. The software maker earned $584.21 million during the quarter, compared to the consensus estimate of $577.81 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.

Does RingCentral have any subsidiaries?

RingCentral subsidiaries include these companies: Kindite, DeepAffects, Connect First Inc., Dimelo SA, Glip Inc., RCLEC Inc., RCVA Inc., and more.

Who are RingCentral's major shareholders?

Top institutional investors of RingCentral include Bank of New York Mellon Corp (0.66%), Harel Insurance Investments & Financial Services Ltd. (0.10%), SG Americas Securities LLC (0.09%) and Wedge Capital Management L L P NC (0.06%). Insiders that own company stock include Sonalee Elizabeth Parekh, Vladimir Shmunis, Mohammed Katibeh, John H Marlow, Vaibhav Agarwal, Kenneth A Goldman, R Neil Williams, Mitesh Dhruv and Anand Eswaran.
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.

What other stocks do shareholders of RingCentral own?

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

This page (NYSE:RNG) was last updated on 7/27/2024 by MarketBeat.com Staff

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