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.
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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 Date11/4/2019 (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 announced that its board has authorized a stock repurchase plan on Thursday, March 1st 2018, which authorizes the company to repurchase $35,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through a private placement purchase. Stock repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.
How were RingCentral's earnings last quarter?
RingCentral Inc (NYSE:RNG) announced its quarterly earnings results on Monday, July, 29th. The software maker reported ($0.03) EPS for the quarter, beating analysts' consensus estimates of ($0.16) by $0.13. The software maker earned $215.20 million during the quarter, compared to analyst estimates of $204.70 million. RingCentral had a negative net margin of 3.95% and a negative return on equity of 1.13%. RingCentral's quarterly revenue was up 33.8% compared to the same quarter last year. During the same period last year, the business earned $0.19 earnings per share. View RingCentral's Earnings History.
When is RingCentral's next earnings date?
What guidance has RingCentral issued on next quarter's earnings?
RingCentral issued an update on its FY19 earnings guidance on Monday, July, 29th. The company provided EPS guidance of $0.77-0.79 for the period, compared to the Thomson Reuters consensus estimate of $0.73. The company issued revenue guidance of $874-877 million, compared to the consensus revenue estimate of $864.20 million.
What price target have analysts set for RNG?
15 analysts have issued 1 year target prices for RingCentral's stock. Their forecasts range from $93.00 to $175.00. On average, they anticipate RingCentral's stock price to reach $136.40 in the next twelve months. This suggests a possible upside of 7.3% from the stock's current price. View Analyst Price Targets for RingCentral.
What is the consensus analysts' recommendation for RingCentral?
15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for RingCentral in the last year. There are currently 2 hold ratings, 12 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for RingCentral.
What are Wall Street analysts saying about RingCentral stock?
Here are some recent quotes from research analysts about RingCentral stock:
- 1. According to Zacks Investment Research, "RingCentral, Inc. provides solutions for business communications primarily in the United States. The Company's products include RingCentral Office, RingCentral Mobile and RingCentral Fax. It provides solutions such as auto-receptionist, flexible extension structure, multiple voicemail boxes, smart call routing, business answering rules, extension dialing, call transfers and elegant integration with Smartphones. RingCentral, Inc. is headquartered in San Mateo, California. " (7/4/2019)
- 2. Stephens analysts commented, "We remain Equal-Weight/Vol. on valuation (9.1x CY20 EV/sales vs. CaaS peers at 5.0x), and intensifying vendor competition. KEY Key Metrics Stephens Consensus Actual vs. Street Revenue ($ 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)
Has RingCentral been receiving favorable news coverage?
Media stories about RNG stock have trended somewhat positive on Sunday, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. RingCentral earned a coverage optimism score of 0.9 on InfoTrie's scale. They also assigned media stories about the software maker a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for RingCentral.
Are investors shorting RingCentral?
RingCentral saw a increase in short interest during the month of August. As of August 31st, there was short interest totalling 5,007,200 shares, an increase of 6.4% from the July 31st total of 4,708,200 shares. Based on an average daily trading volume, of 719,600 shares, the short-interest ratio is currently 7.0 days. Currently, 7.1% of the shares of the stock are short sold. View RingCentral's Current Options Chain.
Who are some of RingCentral's key competitors?
Some companies that are related to RingCentral include Fiserv (FISV), Workday (WDAY), Verisk Analytics (VRSK), PagSeguro Digital (PAGS), Autohome (ATHM), StoneCo (STNE), DXC Technology (DXC), Zendesk (ZEN), Proofpoint (PFPT), Pegasystems (PEGA), Zynga (ZNGA), CarGurus (CARG), Bilibili (BILI), Corelogic (CLGX) and YY (YY).
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 variety of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (7.86%), Victory Capital Management Inc. (2.15%), Nuveen Asset Management LLC (1.01%), Eagle Asset Management Inc. (0.84%), Columbus Circle Investors (0.72%) and D. E. Shaw & Co. Inc. (0.62%). Company insiders that own RingCentral stock include David Sipes, John H Marlow, Mckenna Michelle, Mitesh Dhruv, Praful Shah, Robert I Theis, Vaibhav Agarwal and Vladimir Shmunis. View Institutional Ownership Trends for RingCentral.
Which institutional investors are selling RingCentral stock?
RNG stock was sold by a variety of institutional investors in the last quarter, including Nomura Holdings Inc., Nomura Holdings Inc., Columbus Circle Investors, Bank of New York Mellon Corp, Victory Capital Management Inc., Renaissance Technologies LLC, Jefferies Group LLC and Chartwell Investment Partners LLC. 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, Vaibhav Agarwal and Vladimir Shmunis. View Insider Buying and Selling for RingCentral.
Which institutional investors are buying RingCentral stock?
RNG stock was bought by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Rathbone Brothers plc, Pictet Asset Management Ltd., Pictet Asset Management Ltd., Point72 Asset Management L.P., Vanguard Group Inc., Marshall Wace LLP and Cubist Systematic Strategies 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, Robinhood, Fidelity and Charles Schwab.
What is RingCentral's stock price today?
One share of RNG stock can currently be purchased for approximately $127.15.
How big of a company is RingCentral?
RingCentral has a market capitalization of $10.55 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.View Additional Information About RingCentral.
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.
