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NYSE:RNG

RingCentral - RNG Stock Forecast, Price & News

$36.35
+1.01 (+2.86%)
(As of 12/8/2022 12:00 AM ET)
Add
Compare
Today's Range
$35.12
$37.44
50-Day Range
$28.36
$42.68
52-Week Range
$28.00
$201.57
Volume
1.36 million shs
Average Volume
1.85 million shs
Market Capitalization
$3.48 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$83.87

RingCentral MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.78 Rating Score
Upside/​Downside
130.7% Upside
$83.87 Price Target
Short Interest
Bearish
6.95% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.14
Upright™ Environmental Score
News Sentiment
0.75mentions of RingCentral in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$586,905 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.23) to ($0.47) Per Share

Overall MarketRank

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

2.58 out of 5 stars

Computer And Technology Sector

147th out of 621 stocks

Data Processing & Preparation Industry

12th out of 69 stocks

RNG stock logo

About RingCentral (NYSE:RNG) Stock

RingCentral, Inc. provides software-as-a-service solutions that enable businesses to communicate, collaborate, and connect in North America. The company offers business cloud communications and contact center solutions based on its Message Video Phone? platform. Its products include RingCentral Office that provides communication and collaboration across various modes, including high-definition voice, video, SMS, messaging and collaboration, conferencing, online meetings, and fax; RingCentral Contact Center, a collaborative contact center solution that delivers omni-channel; 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 our 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, a cloud based virtual telephone service that provides inbound call answering and management services for professionals; and RingCentral Fax that provides online fax capabilities. 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. RingCentral, Inc. has strategic partnerships with Alcatel-Lucent Enterprise; and Vodafone Business. The company was incorporated in 1999 and is headquartered in Belmont, California.

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RNG Stock News Headlines

RingCentral to Present at Upcoming Investor Conferences
3 Great Growth Stocks You Should Buy Now
RingCentral (RNG) Q3 2022 Earnings Call Transcript
RingCentral Announces Third Quarter 2022 Results
RingCentral stock soars after layoffs, earnings beat
RingCentral Looks Like a Bad Call Right Now
See More Headlines
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RNG Company Calendar

Last Earnings
11/09/2021
Today
12/08/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/28/2023

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
N/A
Employees
3,919
Year Founded
1999

Price Target and Rating

Average Stock Price Forecast
$83.87
High Stock Price Forecast
$295.00
Low Stock Price Forecast
$39.00
Forecasted Upside/Downside
+130.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.78
Research Coverage
23 Analysts

Profitability

Net Income
$-376,250,000.00
Pretax Margin
-37.10%

Debt

Sales & Book Value

Annual Sales
$1.59 billion
Cash Flow
$1.01 per share
Book Value
$3.68 per share

Miscellaneous

Free Float
89,648,000
Market Cap
$3.48 billion
Optionable
Optionable
Beta
0.88

Social Links


Key Executives

  • Mr. Vladimir G. ShmunisMr. Vladimir G. Shmunis (Age 61)
    Founder, Chairman & CEO
    Comp: $782.72k
  • Mr. John H. MarlowMr. John H. Marlow (Age 53)
    Chief Admin. Officer, Sr. VP of Corp. Devel., Gen. Counsel & Sec.
    Comp: $666.96k
  • Mr. Mo Katibeh (Age 43)
    Pres & COO
  • Mr. Vlad Vendrow
    Co-Founder & CTO
  • Ms. Sonalee Elizabeth ParekhMs. Sonalee Elizabeth Parekh (Age 49)
    Chief Financial Officer
  • Mr. Vaibhav AgarwalMr. Vaibhav Agarwal (Age 45)
    Chief Accounting Officer
  • Ryan Goodman
    Director of Investor Relations
  • Ms. Kira Makagon (Age 59)
    Chief Innovation Officer
  • Mr. Carson Hostetter
    Chief Revenue Officer
  • Mr. Chuck Emmette
    Sr. Director of Global Professional Services













RNG Stock - Frequently Asked Questions

Should I buy or sell RingCentral stock right now?

23 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for RingCentral in the last twelve months. There are currently 6 hold ratings, 16 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research 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?

23 brokerages have issued 1-year price targets for RingCentral's stock. Their RNG share price forecasts range from $39.00 to $295.00. On average, they expect the company's stock price to reach $83.87 in the next twelve months. This suggests a possible upside of 129.3% 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 2022?

RingCentral's stock was trading at $187.35 on January 1st, 2022. Since then, RNG stock has decreased by 80.5% and is now trading at $36.58.
View the best growth stocks for 2022 here
.

When is RingCentral's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our RNG earnings forecast
.

How were RingCentral's earnings last quarter?

RingCentral, Inc. (NYSE:RNG) issued its quarterly earnings data on Tuesday, November, 9th. The software maker reported $0.36 EPS for the quarter, topping analysts' consensus estimates of ($0.59) by $0.95. The software maker earned $414.63 million during the quarter, compared to analyst estimates of $393.42 million. RingCentral had a negative net margin of 37.31% and a negative trailing twelve-month return on equity of 765.97%. During the same quarter last year, the company posted ($0.24) earnings per share.

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

RingCentral issued an update on its fourth quarter earnings guidance on Wednesday, November, 9th. The company provided earnings per share guidance of $0.59-$0.60 for the period, compared to the consensus EPS estimate of $0.59. The company issued revenue guidance of $523-$529 million, compared to the consensus revenue estimate of $545.39 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."

Who are RingCentral's major shareholders?

RingCentral's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.37%), Pictet Asset Management SA (3.46%), Tiger Global Management LLC (2.61%), Renaissance Technologies LLC (2.12%), First Trust Advisors LP (1.63%) and Citadel Advisors LLC (0.00%). Insiders that own company stock include Allan C Thygesen, Anand Eswaran, David Sipes, 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 $36.58.

How much money does RingCentral make?

RingCentral (NYSE:RNG) has a market capitalization of $3.51 billion and generates $1.59 billion in revenue each year. The software maker earns $-376,250,000.00 in net income (profit) each year or ($7.53) on an earnings per share basis.

How many employees does RingCentral have?

The company employs 3,919 workers across the globe.

Does RingCentral have any subsidiaries?
The following companies are subsidiares of RingCentral: Connect First Inc., DeepAffects, Dimelo SA, Glip Inc., RCLEC Inc., RCVA Inc., RingCentral Australia Pty Ltd, RingCentral B.V., RingCentral Brasil Soluces EM TI LTDA, RingCentral CH GmbH, RingCentral Canada Inc., RingCentral Espana SL, RingCentral Estonia OÜ, RingCentral Florida LLC, RingCentral France, RingCentral Holdings I Inc, RingCentral Hong Kong Limited, RingCentral IP Holdings Inc, RingCentral International Inc., RingCentral Ireland Ltd., RingCentral Italy SrL, RingCentral Japan K.K., RingCentral Korea Ltd., RingCentral Singapore Pte. Ltd., RingCentral South Africa Pty Ltd, RingCentral UK LTD, and RingCentral Xiamen 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 12/8/2022 by MarketBeat.com Staff