RingCentral, Inc. is a provider of software-as-a-service (SaaS) solutions for business communications. The Company's cloud-based business communications solutions provide a single user identity across multiple locations and devices, including smartphones, tablets, personal computers (PCs) and desk phones, and allow for communication across multiple channels, including voice, text, team messaging collaboration, high definition (HD) video for Web conferencing and fax. The Company's products include RingCentral Office, RingCentral Professional, RingCentral Fax, RingCentral Contact Center and Glip by RingCentral. RingCentral Office is a multi-user, enterprise-grade communications solution. RingCentral Professional is an inbound call routing subscription with additional text and fax capabilities targeting smaller deployments, and RingCentral Fax is an Internet fax subscription that permits sending and receiving faxes over the Internet.
Industry, Sector and Symbol:
- Sector: Computer and Technology
- Industry: Application Software
- Sub-Industry: N/A
- Exchange: NYSE
- Symbol: RNG
- Previous Close: $25.65
- 50 Day Moving Average: $22.96
- 200 Day Moving Average: $22.43
- 52-Week Range: $13.88 - $25.95
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 92.14
- P/E Growth: 5.60
- Market Cap: $1.90B
- Outstanding Shares: 73,960,000
- Beta: 0.78
- Net Margins: -7.72%
- Return on Equity: -20.77%
- Return on Assets: -10.55%
Companies Related to RingCentral:
- Debt-to-Equity Ratio: 0.01%
- Current Ratio: 1.78%
- Quick Ratio: 1.78%
What is RingCentral's stock symbol?
RingCentral trades on the New York Stock Exchange (NYSE) under the ticker symbol "RNG."
Where is RingCentral's stock going? Where will RingCentral's stock price be in 2017?
9 brokerages have issued 12 month target prices for RingCentral's shares. Their forecasts range from $24.00 to $29.00. On average, they anticipate RingCentral's stock price to reach $27.00 in the next year.
When will RingCentral announce their earnings?
RingCentral is scheduled to release their next quarterly earnings announcement on Tuesday, April, 25th 2017.
What are analysts saying about RingCentral stock?
Here are some recent quotes from research analysts about RingCentral stock:
According to Zacks Investment Research, "RingCentral, Inc. provides solutions for business communications primarily in the United States. The Company's products include RingCentral Office, RingCentral Mobile and RingCentral Fax. It provides solutions such as auto-receptionist, flexible extension structure, multiple voicemail boxes, smart call routing, business answering rules, extension dialing, call transfers and elegant integration with Smartphones. RingCentral, Inc. is headquartered in San Mateo, California. " (2/17/2017)
Robert W. Baird analysts commented, "We are positive on the UCaaS growth opportunity, which we believe remains early innings, as well as RNG's positioning. However, with the stock near recent peaks and expectations high, we are initiating coverage with a Neutral rating and $24 target price, and would look for any weakness to perhaps become more aggressive." (8/25/2016)
Jefferies Group LLC analysts commented, "We expect RNG to meet or slightly exceed JunQ guidance for $86.5 to $88.5M total revenue, and show progress on its path to consistent profitability, with slightly positive non-GAAP op. income in the quarter. We look forward to an update on traction up-market, as well as F3Q guidance. Conference Call Details. RNG reports 2Q16 (Jun) results today after the market close. The company will host a conference call at 4:30 PM ET – 1-877-705-6003 (U.S.) / no passcode. We Expect Continued Growth and Positive Profitability. We model +30% yoy subscription revenue growth for 2Q, and +1.5% non-GAAP operating margin. We Look Forward to 3Q and Updated FY16 Guidance… We estimate that current consensus estimates imply about 25% and 28% yoy pro forma" growth for F3Q and FY16, respectively. As a reminder, pro forma growth is calculated by adjusting the year-ago period for the agency model (rather than selling phones) that RNG transitioned to during Q1. Current consensus estimates 1.5% non-GAAP operating margin for FY16. … As Well As Comments on Continued Traction Up-Market. Last quarter, management reported that the ROI of mid-market customers (defined as 50 to 1,000 seats) has begun to exceed that of small business, indicating that it is now more efficient for RNG to pursue larger customers. Additionally, the mid-market accounted for 35% of RingCentral Office bookings in the quarter, up from 30% last year." (8/4/2016)
Who owns RingCentral stock?
RingCentral's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Renaissance Technologies LLC (1.90%), State Street Corp (1.59%), Alyeska Investment Group L.P. (1.48%), Loomis Sayles & Co. L P (1.18%), Two Sigma Investments LP (0.59%) and FMR LLC (0.56%). Company insiders that own RingCentral stock include Clyde Hosein, David Mark Berman, David Sipes, John H Marlow, Kira Makagon, Praful Shah, Vinod Khosla and Vladimir Shmunis.
Who sold RingCentral stock? Who is selling RingCentral stock?
RingCentral's stock was sold by a variety of institutional investors in the last quarter, including Alyeska Investment Group L.P., Royce & Associates LP, Millrace Asset Group Inc., Federated Investors Inc. PA, GSA Capital Partners LLP, Loomis Sayles & Co. L P, Two Sigma Investments LP and AQR Capital Management LLC. Company insiders that have sold RingCentral stock in the last year include Clyde Hosein, David Sipes, John H Marlow, Kira Makagon, Praful Shah and Vladimir Shmunis.
Who bought RingCentral stock? Who is buying RingCentral stock?
RingCentral's stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, FMR LLC, Bogle Investment Management L P DE, Russell Investments Group Ltd., State Street Corp, Marshall Wace LLP, Denver Investment Advisors LLC and A.R.T. Advisors LLC.
How do I buy RingCentral stock?
Shares of RingCentral can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of RingCentral stock cost?
One share of RingCentral stock can currently be purchased for approximately $25.80.