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.
Industry, Sector and Symbol
Industry Data processing & preparation
Sub-IndustryN/A
SectorComputer and Technology
Phone650-472-4100
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$673.62 million
Profitability
Miscellaneous
Employees1,871
Next Earnings Date8/5/2019 (Estimated)
OptionableOptionable
RingCentral (NYSE:RNG) Frequently Asked Questions
What is RingCentral's stock symbol?
RingCentral trades on the New York Stock Exchange (NYSE) under the ticker symbol "RNG."
How will RingCentral's stock buyback program work?
RingCentral declared that its Board of Directors has authorized a stock repurchase plan on Thursday, March 1st 2018, which permits the company to repurchase $35,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through a private placement purchase. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.
How were RingCentral's earnings last quarter?
RingCentral Inc (NYSE:RNG) posted its quarterly earnings data on Monday, May, 6th. The software maker reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.15 by $0.16. The software maker had revenue of $201.50 million for the quarter, compared to analysts' expectations of $193.54 million. RingCentral had a negative return on equity of 0.73% and a negative net margin of 4.12%. The firm's revenue was up 34.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.16 EPS. View RingCentral's Earnings History.
When is RingCentral's next earnings date?
What guidance has RingCentral issued on next quarter's earnings?
RingCentral updated its FY19 earnings guidance on Monday, May, 6th. The company provided EPS guidance of $0.71-0.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.71. The company issued revenue guidance of $862-866 million, compared to the consensus revenue estimate of $854.98 million.RingCentral also updated its FY 2019 guidance to $0.71-0.75 EPS.
What price target have analysts set for RNG?
17 brokers have issued twelve-month price targets for RingCentral's stock. Their predictions range from $90.00 to $148.00. On average, they expect RingCentral's stock price to reach $120.4706 in the next twelve months. This suggests that the stock has a possible downside of 2.5%. View Analyst Price Targets for RingCentral.
What is the consensus analysts' recommendation for RingCentral?
17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for RingCentral in the last year. There are currently 3 hold ratings, 13 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for RingCentral.
What are Wall Street analysts saying about RingCentral stock?
Here are some recent quotes from research analysts about RingCentral stock:
- 1. Stephens analysts commented, "We remain Equal-Weight/Vol. on valuation (9.1x CY20 EV/sales vs. CaaS peers at 5.0x), and intensifying vendor competition. KEY Key Metrics Stephens Consensus Actual vs. Street Revenue ($ 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)
- 2. 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. " (5/1/2019)
Has RingCentral been receiving favorable news coverage?
Headlines about RNG stock have been trending somewhat positive on Sunday, InfoTrie Sentiment reports. The research firm ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. RingCentral earned a media sentiment score of 1.9 on InfoTrie's scale. They also assigned news coverage about the software maker a news buzz of 4.0 out of 10, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.
Who are some of RingCentral's key competitors?
Some companies that are related to RingCentral include Fiserv (FISV), Verisk Analytics (VRSK), DXC Technology (DXC), Autohome (ATHM), PagSeguro Digital (PAGS), Zendesk (ZEN), StoneCo (STNE), Proofpoint (PFPT), Zynga (ZNGA), Pegasystems (PEGA), Bilibili (BILI), YY (YY), CarGurus (CARG), Corelogic (CLGX) and Globant (GLOB).
What other stocks do shareholders of RingCentral own?
Who are RingCentral's key executives?
RingCentral's management team includes the folowing 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)
Who are RingCentral's major shareholders?
RingCentral's stock is owned by a number of of institutional and retail investors. Top institutional investors include Gilder Gagnon Howe & Co. LLC (2.63%), Victory Capital Management Inc. (2.38%), Whale Rock Capital Management LLC (1.57%), Columbus Circle Investors (1.25%), OppenheimerFunds Inc. (1.20%) and Eagle Asset Management Inc. (0.84%). Company insiders that own RingCentral stock include David Sipes, John H Marlow, Kira Makagon, Mckenna Michelle, Mitesh Dhruv, Praful Shah, R Neil Williams, Robert I Theis 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 Whale Rock Capital Management LLC, Gilder Gagnon Howe & Co. LLC, Renaissance Technologies LLC, Wellington Management Group LLP, Loomis Sayles & Co. L P, Vaughan Nelson Investment Management L.P., OppenheimerFunds Inc. and Marshall Wace North America L.P.. Company insiders that have sold RingCentral company stock in the last year include David Sipes, John H Marlow, Mckenna Michelle, Mitesh Dhruv, Praful Shah, Robert I Theis and Vladimir Shmunis. View Insider Buying and Selling for RingCentral.
Which major investors are buying RingCentral stock?
RNG stock was bought by a variety of institutional investors in the last quarter, including FIL Ltd, Eagle Asset Management Inc., Victory Capital Management Inc., Carillon Tower Advisers Inc., Assenagon Asset Management S.A., Stephens Investment Management Group LLC, Spark Investment Management LLC and Blueshift Asset Management LLC. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is RingCentral's stock price today?
One share of RNG stock can currently be purchased for approximately $123.56.
How big of a company is RingCentral?
RingCentral has a market capitalization of $10.04 billion and generates $673.62 million in revenue each year. The software maker earns $-26,200,000.00 in net income (profit) each year or ($0.04) on an earnings per share basis. RingCentral employs 1,871 workers across the globe.
What is RingCentral's official website?
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)
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.
