Ringcentral Company Profile (NYSE:RNG)

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

Ringcentral, Inc. (NYSE:RNG) released its earnings results on Wednesday, August, 2nd. The company reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.03 by $0.01. The company had revenue of $119.40 million for the quarter, compared to the consensus estimate of $118.19 million. Ringcentral had a negative net margin of 6.77% and a negative return on equity of 19.59%. Ringcentral's quarterly revenue was up 30.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.02 EPS. View Ringcentral's Earnings History.

Ringcentral is scheduled to release their next quarterly earnings announcement on Monday, October, 23rd 2017. View Earnings Estimates for Ringcentral.

13 brokers have issued 1-year price objectives for Ringcentral's stock. Their forecasts range from $26.00 to $47.00. On average, they anticipate Ringcentral's stock price to reach $39.17 in the next year. View Analyst Ratings for Ringcentral.

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. " (8/8/2017)
• 2. William Blair analysts commented, ": We had RingCentral's CEO, Vlad Shmunis, and senior vice president of finance and strategy, Mitesh Dhruv, on the road yesterday and came away with several key takeaways. First, RingCentral's competitive position, especially in the enterprise market, is still undervalued, in our view. Second, the company's value-added reseller (VAR) channel is gaining traction in the middle and enterprise market, and could drive organic revenue acceleration in 2018 and beyond. Third, margin expansion will come, but at a moderate pace (about 100 basis points each year) given the large market opportunity, which is driving continued investment in sales and marketing. We continue to believe the stock is undervalued, trading at 3.1 times our 2018 revenue estimate'below the SaaS group median of 3.9 times and well below the fast-growth-SaaS median of 6.2 times." (3/14/2017)
• 3. Jefferies Group LLC analysts commented, "We hosted investor meetings with RNG's CEO, founder, and chairman, Vlad Shmunis, and SVP of Finance & Strategy, Mitesh Dhruv. Themes included the scale/growth of mid-market/enterprise, partnership momentum, balance of growth and profitability, and de-risking of AT&T in guidance...On a SOTP multiple analysis we estimate $33 (+27%). On a growth-adjusted comp to EGHT, we estimate $32 (+23%). We estimate $19 is the base value of the existing subscription stream alone with no incremental growth, but even the base value could climb to $30 if churn continues to decline." (2/27/2017)
• 4. 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)

Some companies that are related to Ringcentral include Tableau Software (DATA), Guidewire Software (GWRE), Fair Isaac Corporation (FICO), SolarWinds (SWI), Paycom Software (PAYC), Pegasystems (PEGA), RealPage (RP), Ellie Mae (ELLI), HubSpot (HUBS), The Descartes Systems Group (DSGX), Envestnet (ENV), Ebix (EBIX), Q2 Holdings (QTWO), Luxoft Holding (LXFT), MicroStrategy Incorporated (MSTR), AppFolio (APPF), Appian Corporation (APPN) and Talend S.A. (TLND).

Ringcentral's management team includes the folowing people:

• Vladimir Shmunis, Chairman of the Board, Chief Executive Officer
• Mitesh Dhruv, Senior Vice President, Chief Financial Officer
• David Sipes, Chief Operating Officer
• Kira Makagon, Executive Vice President - Innovation
• John Marlow, Senior Vice President - Corporate Development, Chief Administrative Officer, General Counsel, Secretary
• Praful Shah, Chief Strategy Officer
• Robert I. Theis, Lead Independent Director
• Kenneth A. Goldman, Director
• Michelle McKenna-Doyle, Independent Director
• Allan C. Thygesen, Independent Director

Ringcentral's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Capital World Investors (8.61%), Vanguard Group Inc. (8.56%), BlackRock Inc. (6.86%), Gilder Gagnon Howe & Co. LLC (5.55%), FMR LLC (4.66%) and Victory Capital Management Inc. (4.44%). Company insiders that own Ringcentral stock include Clyde Hosein, David Sipes, John H Marlow, Kira Makagon, Mckenna Michelle, Praful Shah, R Neil Williams and Vladimir Shmunis. View Institutional Ownership Trends for Ringcentral.

Ringcentral's stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Vaughan Nelson Investment Management L.P., Alliancebernstein L.P., Columbus Circle Investors, Voya Investment Management LLC, Renaissance Technologies LLC, Shell Asset Management Co. and BNP Paribas Arbitrage SA. Company insiders that have sold Ringcentral stock in the last year include Clyde Hosein, David Sipes, John H Marlow, Kira Makagon, Mckenna Michelle, Praful Shah, R Neil Williams and Vladimir Shmunis. View Insider Buying and Selling for Ringcentral.

Ringcentral's stock was bought by a variety of institutional investors in the last quarter, including Capital World Investors, Whale Rock Capital Management LLC, FMR LLC, Southpoint Capital Advisors LP, BlackRock Inc., Russell Investments Group Ltd., Eagle Asset Management Inc. and Lucha Capital Management LP. View Insider Buying and Selling for Ringcentral.

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.

One share of Ringcentral stock can currently be purchased for approximately $38.35.