Most-Downgraded Stocks NYSE:RNG RingCentral - RNG Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding RingCentral, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $44.72 -1.35 (-2.93%) (As of 02/3/2023 12:00 AM ET) Add Compare Share Share Today's Range$43.51▼$45.9750-Day Range$33.22▼$46.0752-Week Range$28.00▼$179.16Volume1.52 million shsAverage Volume1.26 million shsMarket Capitalization$4.29 billionP/E RatioN/ADividend YieldN/APrice Target$78.92 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability RingCentral MarketRank™ ForecastAnalyst RatingModerate Buy2.69 Rating ScoreUpside/Downside76.5% Upside$78.92 Price TargetShort InterestHealthy4.54% of Shares Sold ShortDividend StrengthN/ASustainability-0.14Upright™ Environmental ScoreNews Sentiment0.25Based on 7 Articles This WeekInsider TradingSelling Shares$2.13 M Sold Last QuarterProj. Earnings GrowthGrowingFrom ($1.22) to ($0.45) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.64 out of 5 starsComputer And Technology Sector84th out of 610 stocksData Processing & Preparation Industry5th out of 71 stocks 4.3 Analyst's Opinion Consensus RatingRingCentral has received a consensus rating of Buy. The company's average rating score is 2.69, and is based on 16 buy ratings, 9 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $78.92, RingCentral has a forecasted upside of 76.5% from its current price of $44.72.Amount of Analyst CoverageRingCentral has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted4.54% of the outstanding shares of RingCentral have been sold short.Short Interest Ratio / Days to CoverRingCentral has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in RingCentral has recently increased by 3.82%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldRingCentral does not currently pay a dividend.Dividend GrowthRingCentral does not have a long track record of dividend growth. Previous Next 4.2 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreRingCentral has received a 61.07% net impact score from Upright. Ringcentral seems to create the most significant positive value in categories "Taxes", "Relationships", and "Jobs". The positive contribution in the "Relationships" impact category is mostly driven by its "Collaboration software", "Video conference call software", and "Audio conference call software" products. See details.Environmental SustainabilityThe Environmental Impact score for RingCentral is -0.14. Previous Next 2.4 News and Social Media Coverage News SentimentRingCentral has a news sentiment score of 0.25. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.44 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 7 news articles for RingCentral this week, compared to 5 articles on an average week.Search Interest23 people have searched for RNG on MarketBeat in the last 30 days. This is an increase of 44% compared to the previous 30 days.MarketBeat FollowsOnly 8 people have added RingCentral to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, RingCentral insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,131,454.00 in company stock.Percentage Held by InsidersOnly 6.49% of the stock of RingCentral is held by insiders.Percentage Held by Institutions88.09% of the stock of RingCentral is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for RingCentral are expected to grow in the coming year, from ($1.22) to ($0.45) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of RingCentral is -5.94, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of RingCentral is -5.94, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioRingCentral has a P/B Ratio of 12.15. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About RingCentral (NYSE:RNG) StockRingCentral, Inc. engages in the provision of global enterprise cloud communications and collaboration solutions. The firm's solutions provide a single user identity across multiple locations and devices, including smartphones, tablets, PCs and desk phones, and allows for communication across multiple modes, including high-definition voice, video, SMS, messaging and collaboration, conferencing, online meetings and fax. It sells its products under the RingCentral Professional, RingCentral Glip, and RingCentral Fax brands. The company was founded by Vlad Vendrow and Vladimir Shmunis in 1999 and is headquartered in Belmont, CA.Read More Receive RNG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for RingCentral and its competitors with MarketBeat's FREE daily newsletter. Email Address RNG Stock News HeadlinesFebruary 3, 2023 | finance.yahoo.comWall Street Analysts Think RingCentral (RNG) Could Surge 25.57%: Read This Before Placing a BetFebruary 2, 2023 | finance.yahoo.comIs MongoDB (MDB) Stock Outpacing Its Computer and Technology Peers This Year?February 5, 2023 | Investor Place Media (Ad)Cash Holders STILL Aren't Taking Steps to PrepareStocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.February 2, 2023 | finance.yahoo.comIs RingCentral, Inc. (NYSE:RNG) Trading At A 50% Discount?January 24, 2023 | msn.comRingCentral shares rise 2% despite MKM rating cutJanuary 23, 2023 | finance.yahoo.comRingCentral Announces Date of Fourth Quarter 2022 Financial Results Conference CallJanuary 18, 2023 | finance.yahoo.comWall Street Analysts Believe RingCentral (RNG) Could Rally 58.49%: Here's is How to TradeJanuary 5, 2023 | finance.yahoo.comMegaCorp Logistics Taps RingCentral® for Best-in-Class Voice Capabilities to Support Seamless, Flexible Customer Service CommunicationFebruary 5, 2023 | Tradewins (Ad)Know Your Profit Potential BEFORE You Trade!I’m Chuck Hughes, ten-time trading champion and author of the coveted e-book, “Options Trading Made Easy”, the strategy guide that will teach you to calculate your trade’s profit potential before you risk any capital. Click here for a free copy now! December 29, 2022 | finance.yahoo.comRingCentral, Inc. (NYSE:RNG) Q3 2022 Earnings Call TranscriptDecember 9, 2022 | finance.yahoo.comWhy Is RingCentral (RNG) Down 1.5% Since Last Earnings Report?December 8, 2022 | finance.yahoo.comRingCentral Selected by Westland Insurance to Provide Unified Communications and Scalability as the Company Experiences Rapid GrowthDecember 6, 2022 | finance.yahoo.comRingCentral Announces Comprehensive End-to-End-Encryption Solution for Message, Video, and PhoneDecember 1, 2022 | finance.yahoo.comRingCentral Introduces Device as a Service to Simplify Hardware Procurement for Rooms, Video, Phone, and Contact CenterDecember 1, 2022 | finance.yahoo.com3 Unified Communication as a Service Providers to Buy in 2023November 30, 2022 | finance.yahoo.comRingCentral Named a Leader in the 2022 Gartner® Magic Quadrant™ for Unified Communications as a Service, Worldwide Report for Eighth Year in a RowNovember 28, 2022 | finance.yahoo.comRingCentral Receives Prestigious Recognition For Commitment to Addressing Environmental, Social, and Corporate Governance IssuesNovember 24, 2022 | finance.yahoo.comWhy RingCentral (RNG) is a Top Momentum Stock for the Long-TermNovember 16, 2022 | finance.yahoo.comCan RingCentral (RNG) Climb 53% to Reach the Level Wall Street Analysts Expect?November 16, 2022 | finance.yahoo.comRingCentral to Present at Upcoming Investor ConferencesNovember 13, 2022 | finance.yahoo.com3 Great Growth Stocks You Should Buy NowNovember 11, 2022 | finance.yahoo.comRingCentral Third Quarter 2022 Earnings: Revenues Beat ExpectationsNovember 10, 2022 | finance.yahoo.comRingCentral (RNG) Q3 2022 Earnings Call TranscriptNovember 9, 2022 | finance.yahoo.comRingCentral Announces Third Quarter 2022 ResultsNovember 9, 2022 | finance.yahoo.comRingCentral stock soars after layoffs, earnings beatNovember 9, 2022 | finance.yahoo.comRingCentral (RNG) Q3 Earnings and Revenues Surpass EstimatesNovember 9, 2022 | finance.yahoo.comRingCentral Looks Like a Bad Call Right NowSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive RNG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for RingCentral and its competitors with MarketBeat's FREE daily newsletter. Email Address RNG Company Calendar Last Earnings11/09/2022Today2/05/2023Next Earnings (Confirmed)2/15/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Data processing & preparation Sub-IndustryN/A SectorComputer and Technology Current SymbolNYSE:RNG CUSIPN/A CIK1384905 Webwww.ringcentral.com Phone(650) 472-4100Fax888-528-7464Employees3,919Year Founded1999Price Target and Rating Average Stock Price Forecast$78.92 High Stock Price Forecast$295.00 Low Stock Price Forecast$39.00 Forecasted Upside/Downside+76.5%Consensus RatingModerate Buy Rating Score (0-4)2.69 Research Coverage26 Analysts Profitability EPS (Most Recent Fiscal Year)($7.53) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-376,250,000.00 Net Margins-37.31% Pretax Margin-37.10% Return on Equity-765.97% Return on Assets-8.07% Debt Debt-to-Equity RatioN/A Current Ratio1.21 Quick Ratio1.21 Sales & Book Value Annual Sales$1.59 billion Price / Sales2.69 Cash Flow$0.99 per share Price / Cash Flow45.31 Book Value$3.68 per share Price / Book12.15Miscellaneous Outstanding Shares95,870,000Free Float89,648,000Market Cap$4.29 billion OptionableOptionable Beta0.87 Social Links Key ExecutivesVladimir G. ShmunisChairman & Chief Executive OfficerMohammed KatibehPresident & Chief Operating OfficerSonalee ParekhChief Financial OfficerVlad VendrowChief Technology OfficerAnil GoelVice President-Engineering & General Manager-IndiaKey CompetitorsAutohomeNYSE:ATHMStoneCoNASDAQ:STNEPegasystemsNASDAQ:PEGAJOYYNASDAQ:YYShutterstockNYSE:SSTKView All CompetitorsInsiders & InstitutionsOLD National Bancorp INSold 13,130 shares on 2/3/2023Ownership: 0.026%Intellectus Partners LLCSold 225 shares on 2/2/2023Ownership: 0.008%SG Americas Securities LLCBought 4,424 shares on 2/2/2023Ownership: 0.005%Zurcher Kantonalbank Zurich Cantonalbank Sold 2,322 shares on 2/1/2023Ownership: 0.013%CWM LLCSold 6,012 shares on 2/1/2023Ownership: 0.002%View All Insider TransactionsView All Institutional Transactions RNG Stock - Frequently Asked Questions Should I buy or sell RingCentral stock right now? 26 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for RingCentral in the last twelve months. There are currently 9 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? 26 Wall Street research analysts have issued 1-year target prices for RingCentral's shares. Their RNG share price forecasts range from $39.00 to $295.00. On average, they anticipate the company's share price to reach $78.92 in the next twelve months. This suggests a possible upside of 76.5% 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 2023? RingCentral's stock was trading at $35.40 at the beginning of the year. Since then, RNG stock has increased by 26.3% and is now trading at $44.72. View the best growth stocks for 2023 here. When is RingCentral's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023. View our RNG earnings forecast. How can I listen to RingCentral's earnings call? RingCentral will be holding an earnings conference call on Wednesday, February 15th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "10174186". How were RingCentral's earnings last quarter? RingCentral, Inc. (NYSE:RNG) posted its earnings results on Wednesday, November, 9th. The software maker reported ($0.42) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.36) by $0.06. The software maker earned $509.03 million during the quarter, compared to analysts' expectations of $502.93 million. RingCentral had a negative trailing twelve-month return on equity of 765.97% and a negative net margin of 37.31%. What guidance has RingCentral issued on next quarter's earnings? RingCentral updated its fourth quarter 2022 earnings guidance on Friday, December, 9th. The company provided earnings per share guidance of $0.59-$0.60 for the period, compared to the consensus estimate of $0.59. The company issued revenue guidance of $523.00 million-$529.00 million, compared to the consensus revenue estimate of $544.97 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 retail and institutional investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.75%), Bank of Montreal Can (0.50%), Stephens Investment Management Group LLC (0.43%), New York State Common Retirement Fund (0.21%), Comerica Bank (0.17%) and State of New Jersey Common Pension Fund D (0.07%). Insiders that own company stock include Allan C Thygesen, Anand Eswaran, 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 $44.72. How much money does RingCentral make? RingCentral (NYSE:RNG) has a market capitalization of $4.29 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 2/5/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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