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NYSE:RNG

RingCentral (RNG) Stock Forecast, Price & News

$35.51
+0.81 (+2.33%)
(As of 06/1/2023 ET)
Compare
Today's Range
$33.98
$36.54
50-Day Range
$25.35
$35.51
52-Week Range
$25.32
$68.54
Volume
2.14 million shs
Average Volume
2.94 million shs
Market Capitalization
$3.39 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$47.17

RingCentral MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
32.8% Upside
$47.17 Price Target
Short Interest
Bearish
6.30% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.14
Upright™ Environmental Score
News Sentiment
0.27mentions of RingCentral in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$418,225 Sold Last Quarter
Proj. Earnings Growth
1,833.33%
From $0.03 to $0.58 Per Share

Overall MarketRank

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

2.83 out of 5 stars

Computer And Technology Sector

89th out of 1,226 stocks

Data Processing & Preparation Industry

7th out of 132 stocks


RNG stock logo

About RingCentral (NYSE:RNG) Stock

RingCentral, Inc. engages in the provision of global enterprise cloud communications and collaboration solutions. The firm's solutions provide a single user identity across multiple locations and devices, including smartphones, tablets, PCs and desk phones, and allows for communication across multiple modes, including high-definition voice, video, SMS, messaging and collaboration, conferencing, online meetings and fax. It sells its products under the RingCentral Professional, RingCentral Glip, and RingCentral Fax brands. The company was founded by Vlad Vendrow and Vladimir Shmunis in 1999 and is headquartered in Belmont, CA.

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RNG Stock News Headlines

RingCentral, Inc. (NYSE:RNG) CAO Sells $302,454.80 in Stock
The Real Problem With "Made in America" Lithium
Politicians love to say they support "Made in America" when it comes to manufacturing. But when it comes to lithium - the metal fueling our transition to electric vehicles - it's not that simple.
Is Graphite the New Lithium?
Did you know that graphite (NOT lithium) is the largest component of lithium batteries used for EV's? Unfortunately, there are no graphite-producing mines in North America today. This leaves the U.S. at the mercy of China for our vital graphite supply.
StockNews.com Lowers RingCentral (NYSE:RNG) to Hold
RingCentral, Inc. (NYSE:RNG) CFO Sells $115,770.00 in Stock
RingCentral (NYSE:RNG) Raised to "Buy" at StockNews.com
See More Headlines

RNG Price History

RNG Company Calendar

Last Earnings
11/09/2021
Today
6/02/2023
Next Earnings (Estimated)
8/01/2023
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
$47.17
High Stock Price Forecast
$105.00
Low Stock Price Forecast
$29.00
Forecasted Upside/Downside
+32.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
22 Analysts

Profitability

Net Income
$-879,170,000.00
Pretax Margin
-37.74%

Debt

Sales & Book Value

Annual Sales
$1.99 billion
Cash Flow
$1.94 per share
Book Value
($4.94) per share

Miscellaneous

Free Float
89,396,000
Market Cap
$3.39 billion
Optionable
Optionable
Beta
0.92

Social Links


Key Executives

  • Vladimir G. ShmunisVladimir G. Shmunis
    Chairman & Chief Executive Officer
  • Mohammed KatibehMohammed Katibeh
    President & Chief Operating Officer
  • Sonalee Parekh
    Chief Financial Officer
  • Vlad Vendrow
    Chief Technology Officer
  • Anil Goel
    Vice President-Engineering & General Manager-India













RNG Stock - Frequently Asked Questions

Should I buy or sell RingCentral stock right now?

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for RingCentral in the last twelve months. There are currently 9 hold ratings, 12 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" RNG shares.
View RNG analyst ratings
or view top-rated stocks.

What is RingCentral's stock price forecast for 2023?

22 Wall Street research analysts have issued 12 month target prices for RingCentral's shares. Their RNG share price forecasts range from $29.00 to $105.00. On average, they predict the company's stock price to reach $47.17 in the next twelve months. This suggests a possible upside of 32.8% 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 beginning of 2023. Since then, RNG stock has increased by 0.3% and is now trading at $35.51.
View the best growth stocks for 2023 here
.

Are investors shorting RingCentral?

RingCentral saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 6,020,000 shares, an increase of 29.2% from the April 30th total of 4,660,000 shares. Based on an average trading volume of 2,220,000 shares, the days-to-cover ratio is presently 2.7 days.
View RingCentral's Short Interest
.

When is RingCentral's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our RNG earnings forecast
.

How were RingCentral's earnings last quarter?

RingCentral, Inc. (NYSE:RNG) announced its quarterly earnings results on Tuesday, November, 9th. The software maker reported $0.36 earnings per share for the quarter, beating the consensus estimate of ($0.59) by $0.95. The software maker had revenue of $414.63 million for the quarter, compared to analysts' expectations of $393.42 million. RingCentral had a negative trailing twelve-month return on equity of 765.97% and a negative net margin of 38.09%. During the same quarter last year, the company earned ($0.24) earnings per share.

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

RingCentral updated its FY23 earnings guidance on Tuesday, May, 9th. The company provided earnings per share guidance of $3.19-3.25 for the period, compared to the consensus EPS estimate of $3.09. The company issued revenue guidance of $2.187-2.205 billion, compared to the consensus revenue estimate of $2.19 billion.

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."

Who are RingCentral's major shareholders?

RingCentral's stock is owned by a number of institutional and retail investors. Top institutional investors include Pictet Asset Management SA (4.82%), No Street GP LP (2.49%), Alyeska Investment Group L.P. (2.02%), Susquehanna International Group LLP (0.00%), First Trust Advisors LP (1.74%) and Geode Capital Management LLC (1.15%). Insiders that own company stock include Allan C Thygesen, Anand Eswaran, Godfrey Sullivan, John H Marlow, John H Marlow, Joseph D Mansueto, Kenneth A Goldman, Mckenna Michelle, 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 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 $35.51.

How much money does RingCentral make?

RingCentral (NYSE:RNG) has a market capitalization of $3.39 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 ($8.20) 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 6/2/2023 by MarketBeat.com Staff

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