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NYSE:RNG - RingCentral Stock Price, Forecast & News

$238.97
+21.17 (+9.72 %)
(As of 03/29/2020 02:51 PM ET)
Today's Range
$207.53
Now: $238.97
$252.85
50-Day Range
$138.96
MA: $214.39
$248.79
52-Week Range
$101.33
Now: $238.97
$252.85
Volume2.87 million shs
Average Volume1.92 million shs
Market Capitalization$20.81 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.55
RingCentral, Inc. provides software-as-a-service solutions that enable businesses to communicate, collaborate, and connect primarily in North America. The company's products include RingCentral Office, provides communication and collaboration across various modes, including high-definition voice, video, SMS, messaging and collaboration, conferencing, online meetings, and fax through smartphones, tablets, PCs, and desk phones; RingCentral Professional, a cloud based virtual telephone service for professionals, as well as provides inbound call answering and management services, and includes inbound local, long-distance, and toll-free minutes; and RingCentral Fax that provides online fax capabilities that allow businesses to send and receive fax documents without a fax machine. Its products also comprise RingCentral Contact Center, a collaborative contact center solution that delivers omni-channel; and RingCentral Glip, a team messaging and collaboration solution that allows a range of teams to stay connected through various modes of communication through an integration with RingCentral Office. The company serves a range of industries, including financial services, 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 and channel partners. The company was incorporated in 1999 and is headquartered in Belmont, California.
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Industry, Sector and Symbol

Industry Data processing & preparation
Sub-IndustryN/A
SectorComputer and Technology
CUSIPN/A
Phone650-472-4100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$902.86 million
Cash Flow$0.96 per share
Book Value$8.58 per share

Profitability

Net Income$-53,610,000.00

Miscellaneous

Employees2,363
Market Cap$20.81 billion
Next Earnings Date5/4/2020 (Estimated)
OptionableOptionable

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RingCentral (NYSE:RNG) Frequently Asked Questions

How has RingCentral's stock been impacted by COVID-19 (Coronavirus)?

RingCentral's stock was trading at $199.34 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, RNG stock has increased by 19.9% and is now trading at $238.97. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of RingCentral?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for RingCentral in the last year. There are currently 2 hold ratings, 18 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for RingCentral.

When is RingCentral's next earnings date?

RingCentral is scheduled to release its next quarterly earnings announcement on Monday, May 4th 2020. View our earnings forecast for RingCentral.

How were RingCentral's earnings last quarter?

RingCentral Inc (NYSE:RNG) announced its quarterly earnings data on Monday, February, 10th. The software maker reported $0.22 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.21 by $0.01. The software maker earned $252.87 million during the quarter, compared to the consensus estimate of $237.38 million. RingCentral had a negative net margin of 5.94% and a negative return on equity of 2.87%. RingCentral's revenue was up 34.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.23 EPS. View RingCentral's earnings history.

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

RingCentral issued an update on its FY20 earnings guidance on Monday, February, 10th. The company provided EPS guidance of $0.93-0.94 for the period, compared to the Thomson Reuters consensus estimate of $0.93. The company issued revenue guidance of $1.125-1.135 billion, compared to the consensus revenue estimate of $1.08 billion.

What price target have analysts set for RNG?

21 brokers have issued 1-year price targets for RingCentral's shares. Their forecasts range from $95.00 to $256.00. On average, they anticipate RingCentral's share price to reach $231.40 in the next twelve months. This suggests that the stock has a possible downside of 3.2%. View analysts' price targets for RingCentral.

What are Wall Street analysts saying about RingCentral stock?

Here are some recent quotes from research analysts about RingCentral stock:
  • 1. 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. " (11/9/2019)
  • 2. Stephens analysts commented, "We remain Equal-Weight/Vol. on valuation (9.1x CY20 EV/sales vs. CaaS peers at 5.0x), and intensifying vendor competition. KEY Key Metrics Stephens Consensus Actual vs. Street Revenue ($ mil.) 193.3 193.5 201.5 4.1% Subscription Rev. ($ mil.) 176.5 176.8 182.7 3.3% ($ mil.) 205.9 203.1 204.5 0.7% Subscription Rev. ($ mil.) 187.5 185.3 186.5 0.6% ($ mil.) 860.4 854.8 864.0 1.1% Subscription Rev. ($ mil.) 784.4 780.7 788.0 0.9% FactSet Research Systems, Company reports, Stephens Inc." (5/6/2019)

Has RingCentral been receiving favorable news coverage?

News stories about RNG stock have been trending extremely negative on Sunday, InfoTrie reports. The research group identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. RingCentral earned a news sentiment score of -4.0 on InfoTrie's scale. They also assigned media coverage about the software maker a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutRingCentral.

Who are some of RingCentral's key competitors?

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.com (CRM), Square (SQ), Netflix (NFLX), Advanced Micro Devices (AMD), Paypal (PYPL), Micron Technology (MU), Mastercard (MA) and Adobe (ADBE).

Who are RingCentral's key executives?

RingCentral's management team includes the following people:
  • Mr. Vladimir G. Shmunis, Co-Founder, Chairman & CEO (Age 58)
  • Mr. Mitesh Dhruv CFA, Chief Financial Officer (Age 41)
  • Mr. David D. Sipes, Chief Operating Officer (Age 52)
  • Mr. John H. Marlow, Chief Admin. Officer, Gen. Counsel & Sr. VP of Corp. Devel. (Age 50)
  • Mr. Praful K. Shah, Chief Strategy Officer (Age 63)

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 variety of institutional and retail investors. Top institutional shareholders include Capital World Investors (12.14%), Capital International Investors (3.42%), FIL Ltd (1.84%), Victory Capital Management Inc. (1.74%), Victory Capital Management Inc. (1.56%) and 1832 Asset Management L.P. (1.14%). Company insiders that own RingCentral stock include David Sipes, John H Marlow, Mckenna Michelle, Mitesh Dhruv, Praful Shah, Robert I Theis, Vaibhav Agarwal and Vladimir Shmunis. View institutional ownership trends for RingCentral.

Which major investors are selling RingCentral stock?

RNG stock was sold by a variety of institutional investors in the last quarter, including UBS Group AG, Victory Capital Management Inc., Victory Capital Management Inc., Alliancebernstein L.P., Nuveen Asset Management LLC, Massachusetts Financial Services Co. MA, Pictet Asset Management Ltd., and Raymond James Financial Services Advisors Inc.. Company insiders that have sold RingCentral company stock in the last year include David Sipes, John H Marlow, Mitesh Dhruv, Praful Shah, Robert I Theis, Vaibhav Agarwal, and Vladimir Shmunis. View insider buying and selling activity for RingCentral.

Which major investors are buying RingCentral stock?

RNG stock was bought by a variety of institutional investors in the last quarter, including Jennison Associates LLC, Norges Bank, FIL Ltd, Zevenbergen Capital Investments LLC, Sumitomo Mitsui Trust Holdings Inc., Capital World Investors, UBS Asset Management Americas Inc., and Honeycomb Asset Management LP. View insider buying and selling activity for RingCentral.

How do I buy shares of RingCentral?

Shares of RNG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is RingCentral's stock price today?

One share of RNG stock can currently be purchased for approximately $238.97.

How big of a company is RingCentral?

RingCentral has a market capitalization of $20.81 billion and generates $902.86 million in revenue each year. The software maker earns $-53,610,000.00 in net income (profit) each year or ($0.19) on an earnings per share basis. RingCentral employs 2,363 workers across the globe. View additional information about RingCentral.

What is RingCentral's official website?

The official website for RingCentral is http://www.ringcentral.com/.

How can I contact RingCentral?

RingCentral's mailing address is 20 DAVIS DRIVE, BELMONT CA, 94002. The software maker can be reached via phone at 650-472-4100 or via email at [email protected]


MarketBeat Community Rating for RingCentral (NYSE RNG)

Community Ranking:  3.3 out of 5 (star star star)
Outperform Votes:  757 (Vote Outperform)
Underperform Votes:  390 (Vote Underperform)
Total Votes:  1,147
MarketBeat's community ratings are surveys of what our community members think about RingCentral and other stocks. Vote "Outperform" if you believe RNG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe RNG will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/29/2020 by MarketBeat.com Staff

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