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NYSE:RNGRingCentral Stock Price, Forecast & News

$274.25
+14.74 (+5.68 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$261.90
Now: $274.25
$274.37
50-Day Range
$205.14
MA: $245.42
$285.85
52-Week Range
$110.34
Now: $274.25
$292.48
Volume988,258 shs
Average Volume1.21 million shs
Market Capitalization$23.89 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.59
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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Beat the Market (BTM) Rank

Analyst Opinion: 2.5Community Rank: 3.3Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.36 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$902.86 million
Cash Flow$0.88 per share
Book Value$5.63 per share

Profitability

Net Income$-53,610,000.00

Miscellaneous

Employees2,363
Market Cap$23.89 billion
Next Earnings Date8/3/2020 (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 reached pandemic status according to the World Health Organization (WHO). Since then, RNG shares have increased by 37.6% and is now trading at $274.25. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of RingCentral?

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for RingCentral in the last year. There are currently 1 hold rating, 22 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, August 3rd 2020. View our earnings forecast for RingCentral.

How were RingCentral's earnings last quarter?

RingCentral Inc (NYSE:RNG) issued its earnings results on Wednesday, May, 6th. The software maker reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.18 by $0.01. The software maker earned $267.51 million during the quarter, compared to analysts' expectations of $248.83 million. RingCentral had a negative return on equity of 6.09% and a negative net margin of 11.14%. The firm's revenue for the quarter was up 32.8% on a year-over-year basis. During the same period last year, the business posted $0.17 earnings per share. 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 Wednesday, May, 6th. The company provided EPS guidance of $0.91-0.94 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.92. The company issued revenue guidance of $1.116-1.125 billion, compared to the consensus revenue estimate of $1.08 billion.

What price target have analysts set for RNG?

24 Wall Street analysts have issued 1 year price targets for RingCentral's shares. Their forecasts range from $194.00 to $290.00. On average, they anticipate RingCentral's stock price to reach $260.91 in the next twelve months. This suggests that the stock has a possible downside of 4.9%. View analysts' price targets for RingCentral.

Has RingCentral been receiving favorable news coverage?

Media coverage about RNG stock has trended extremely negative recently, according to InfoTrie Sentiment. The research group ranks the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. RingCentral earned a news sentiment score of -4.3 on InfoTrie's scale. They also gave headlines about the software maker a news buzz of 1.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. 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), Micron Technology (MU), Paypal (PYPL), Cisco Systems (CSCO), Advanced Micro Devices (AMD), Mastercard (MA) and Netflix (NFLX).

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 retail and institutional investors. Top institutional shareholders include Capital World Investors (11.64%), Capital International Investors (3.37%), Jennison Associates LLC (3.01%), Victory Capital Management Inc. (1.74%), Geode Capital Management LLC (1.01%) and 1832 Asset Management L.P. (0.88%). Company insiders that own RingCentral stock include Anand Eswaran, David Sipes, John H Marlow, Kenneth A Goldman, 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 Pictet Asset Management Ltd., 1832 Asset Management L.P., Two Sigma Advisers LP, Squarepoint Ops LLC, Columbus Circle Investors, Berkshire Capital Holdings Inc., Atom Investors LP, and First Trust Advisors LP. Company insiders that have sold RingCentral company stock in the last year include Anand Eswaran, David Sipes, John H Marlow, Kenneth A Goldman, Mckenna Michelle, 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 acquired by a variety of institutional investors in the last quarter, including Jennison Associates LLC, Alliancebernstein L.P., Wellington Management Group LLP, Frontier Capital Management Co. LLC, AGF Investments Inc., Janus Henderson Group PLC, Victory Capital Management Inc., and Massachusetts Financial Services Co. MA. 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 $274.25.

How big of a company is RingCentral?

RingCentral has a market capitalization of $23.89 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.

What is RingCentral's official website?

The official website for RingCentral is 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]

This page was last updated on 5/31/2020 by MarketBeat.com Staff

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