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S&P 500   4,299.70
DOW   33,666.34
QQQ   358.01
Can Undervalued Healthcare Stocks Add Yield To Your Portfolio?
66,000% upside on tiny biotech? (Ad)
Stock market today: European shares gain and Asian shares are mixed, with Chinese markets on holiday
Low Beta Stocks To Offset A Possible Hard Landing
66,000% upside on tiny biotech? (Ad)
5 Cheap Ways to Ride The AI Supercycle to Profits
Nursing Home REITs: The Surprise Heroes of High Yield Investing
WARNING: Seven millionaires to trigger sudden market panic? (Ad)
3 Intriguing ETFs Trading Under $10 a Share
Energy Stocks Shine as High Oil Prices Boost Dividend Yields
S&P 500   4,299.70
DOW   33,666.34
QQQ   358.01
Can Undervalued Healthcare Stocks Add Yield To Your Portfolio?
66,000% upside on tiny biotech? (Ad)
Stock market today: European shares gain and Asian shares are mixed, with Chinese markets on holiday
Low Beta Stocks To Offset A Possible Hard Landing
66,000% upside on tiny biotech? (Ad)
5 Cheap Ways to Ride The AI Supercycle to Profits
Nursing Home REITs: The Surprise Heroes of High Yield Investing
WARNING: Seven millionaires to trigger sudden market panic? (Ad)
3 Intriguing ETFs Trading Under $10 a Share
Energy Stocks Shine as High Oil Prices Boost Dividend Yields
S&P 500   4,299.70
DOW   33,666.34
QQQ   358.01
Can Undervalued Healthcare Stocks Add Yield To Your Portfolio?
66,000% upside on tiny biotech? (Ad)
Stock market today: European shares gain and Asian shares are mixed, with Chinese markets on holiday
Low Beta Stocks To Offset A Possible Hard Landing
66,000% upside on tiny biotech? (Ad)
5 Cheap Ways to Ride The AI Supercycle to Profits
Nursing Home REITs: The Surprise Heroes of High Yield Investing
WARNING: Seven millionaires to trigger sudden market panic? (Ad)
3 Intriguing ETFs Trading Under $10 a Share
Energy Stocks Shine as High Oil Prices Boost Dividend Yields
NYSE:RNG

RingCentral (RNG) Stock Forecast, Price & News

$29.02
+0.36 (+1.26%)
(As of 09/28/2023 ET)
Compare
Today's Range
$28.00
$29.37
50-Day Range
$28.00
$41.60
52-Week Range
$25.32
$49.32
Volume
609,132 shs
Average Volume
1.11 million shs
Market Capitalization
$2.75 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$43.52

RingCentral MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.55 Rating Score
Upside/​Downside
50.0% Upside
$43.52 Price Target
Short Interest
Bearish
5.63% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.14
Upright™ Environmental Score
News Sentiment
-0.07mentions of RingCentral in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$2.36 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.10) to $0.25 Per Share

Overall MarketRank

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

2.44 out of 5 stars

Computer And Technology Sector

219th out of 605 stocks

Data Processing & Preparation Industry

19th out of 58 stocks


RNG stock logo

About RingCentral (NYSE:RNG) Stock

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 Price History

RNG Stock News Headlines

RNG Sep 2023 36.500 call
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. MORE HERE...
RingCentral (NYSE:RNG) Lowered to Hold at StockNews.com
KeyBanc Sticks to Their Buy Rating for RingCentral (RNG)
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. MORE HERE...
3 B-Rated Software Buys Under $35
RingCentral Inc Class A
RNG Sep 2023 33.000 call
What 13 Analyst Ratings Have To Say About RingCentral
RingCentral (RNG) Gets a Buy from Mizuho Securities
RingCentral (RNG) Receives a Hold from Robert W. Baird
RingCentral (RNG) Gets a Buy from William Blair
RingCentral Announces CEO Succession
Analyst Ratings for RingCentral
See More Headlines
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RNG Company Calendar

Last Earnings
8/07/2023
Today
9/29/2023
Next Earnings (Estimated)
11/08/2023
Fiscal Year End
12/31/2023

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 Forecast
$43.52
High Stock Price Forecast
$62.00
Low Stock Price Forecast
$29.00
Forecasted Upside/Downside
+50.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.55
Research Coverage
20 Analysts

Profitability

Net Income
$-879,170,000.00
Pretax Margin
-29.97%

Debt

Sales & Book Value

Annual Sales
$1.99 billion
Cash Flow
$1.90 per share
Book Value
($5.06) per share

Miscellaneous

Free Float
88,540,000
Market Cap
$2.75 billion
Optionable
Optionable
Beta
0.92

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Key Executives

  • Mr. Vladimir G. ShmunisMr. Vladimir G. Shmunis (Age 62)
    Founder & Exec. Chairman
    Comp: $896.24k
  • Mr. Tarek A. Robbiati M.B.A. (Age 58)
    M.Sc., CEO & Director
    Comp: $2.86k
  • Ms. Sonalee Elizabeth ParekhMs. Sonalee Elizabeth Parekh (Age 50)
    Chief Financial Officer
    Comp: $712.21k
  • Mr. Vaibhav AgarwalMr. Vaibhav Agarwal (Age 46)
    Chief Accounting Officer
    Comp: $495.99k
  • Mr. John H. MarlowMr. John H. Marlow (Age 54)
    Chief Admin. Officer, Sr. VP of Corp. Devel., Gen. Counsel & Sec.
    Comp: $617.02k
  • Mr. Mo Katibeh (Age 44)
    Special Advisor
    Comp: $983.57k
  • Mr. Vlad Vendrow
    Co-Founder & CTO
  • Mr. Ryan Chusid Goodman C.F.A.
    Director of Investor Relations
  • Ms. Bobbie Grafeld
    Chief HR Officer
  • Ms. Kira Makagon (Age 60)
    Chief Innovation Officer













RNG Stock - Frequently Asked Questions

Should I buy or sell RingCentral stock right now?

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.
View RNG analyst ratings
or view top-rated stocks.

What is RingCentral's stock price forecast for 2023?

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.
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 start of the year. Since then, RNG shares have decreased by 18.0% and is now trading at $29.02.
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, November 8th 2023.
View our RNG earnings forecast
.

How were RingCentral's earnings last quarter?

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.

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

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.

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).

What is RingCentral's stock symbol?

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

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.

What is RingCentral's stock price today?

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

How much money does RingCentral make?

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.

How many employees does RingCentral have?

The company employs 3,902 workers across the globe.

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
How can I contact RingCentral?

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.

This page (NYSE:RNG) was last updated on 9/29/2023 by MarketBeat.com Staff

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