NYSE:RNG

RingCentral (RNG) Stock Price, News & Analysis

$29.79
-0.50 (-1.65%)
(As of 11:09 AM ET)
Today's Range
$29.42
$30.06
50-Day Range
$29.24
$36.34
52-Week Range
$25.08
$43.28
Volume
110,417 shs
Average Volume
1.15 million shs
Market Capitalization
$2.75 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$38.56

RingCentral MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
30.3% Upside
$38.56 Price Target
Short Interest
Healthy
4.80% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.14
Upright™ Environmental Score
News Sentiment
-0.17mentions of RingCentral in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$800,974 Sold Last Quarter
Proj. Earnings Growth
140.00%
From $0.45 to $1.08 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.

4.86 out of 5 stars

Computer And Technology Sector

31st out of 586 stocks

Data Processing & Preparation Industry

3rd out of 56 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, Inc. (RNG)
Wall Street Legend Issues New NVDA Warning
Legendary Stockpicker: "Buy this A.I. stock NOW" His award-winning system pinpointed NVDA and META before both stocks doubled. Now it's flashing "BUY" on this under-the-radar A.I. stock.
RingCentral (NYSE:RNG) Price Target Cut to $32.00
Wells Fargo Sticks to Their Hold Rating for RingCentral (RNG)
3 AI Stocks Trading Below Their True Potential
Wall Street Legend Issues New NVDA Warning
Legendary Stockpicker: "Buy this A.I. stock NOW" His award-winning system pinpointed NVDA and META before both stocks doubled. Now it's flashing "BUY" on this under-the-radar A.I. stock.
RingCentral: Business Continues To Stabilize
RNG Crosses Below Key Moving Average Level
RNG Apr 2024 30.000 put
Validea Detailed Fundamental Analysis - RNG
RNG Oct 2024 40.000 call
RNG Mar 2024 33.000 call
RingCentral deputy CFO sells shares worth over $491k
RNG Mar 2024 36.000 put
RNG Mar 2024 26.000 call
RNG Mar 2024 37.000 put
See More Headlines
Receive RNG Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for RingCentral and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
2/20/2024
Today
4/25/2024
Next Earnings (Confirmed)
5/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
N/A
Employees
4,084
Year Founded
1999

Price Target and Rating

Average Stock Price Target
$38.56
High Stock Price Target
$50.00
Low Stock Price Target
$31.00
Potential Upside/Downside
+27.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
16 Analysts

Profitability

Net Income
$-165,240,000.00
Pretax Margin
-7.12%

Debt

Sales & Book Value

Annual Sales
$2.20 billion
Cash Flow
$2.69 per share
Book Value
($5.38) per share

Miscellaneous

Free Float
86,077,000
Market Cap
$2.80 billion
Optionable
Optionable
Beta
0.92

Social Links

Beginner's Guide to Pot Stock Investing Cover

Click the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise.

Get This Free Report

RNG Stock Analysis - Frequently Asked Questions

Should I buy or sell RingCentral stock right now?

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for RingCentral in the last twelve months. There are currently 8 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities 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?

16 analysts have issued 1 year price targets for RingCentral's shares. Their RNG share price targets range from $31.00 to $50.00. On average, they predict the company's share price to reach $38.56 in the next year. This suggests a possible upside of 30.3% 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 2024?

RingCentral's stock was trading at $33.95 on January 1st, 2024. Since then, RNG shares have decreased by 12.8% and is now trading at $29.59.
View the best growth stocks for 2024 here
.

When is RingCentral's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our RNG earnings forecast
.

How can I listen to RingCentral's earnings call?

RingCentral will be holding an earnings conference call on Tuesday, May 7th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "10023429".

How were RingCentral's earnings last quarter?

RingCentral, Inc. (NYSE:RNG) announced its earnings results on Tuesday, February, 20th. The software maker reported ($0.33) EPS 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 analysts' expectations of $569.65 million.

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

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 earnings per share 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.

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 variety of retail and institutional investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.20%), Alaska Permanent Fund Corp (0.08%), Allspring Global Investments Holdings LLC (0.04%), IMC Chicago LLC (0.00%), Simplicity Wealth LLC (0.01%) and Sovereign Financial Group Inc. (0.01%). 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.
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.

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 4/25/2024 by MarketBeat.com Staff

From Our Partners