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NYSE:RNG

RingCentral - RNG Stock Forecast, Price & News

$39.90
-0.90 (-2.21%)
(As of 09/26/2022 12:46 PM ET)
Add
Compare
Today's Range
$39.90
$42.59
50-Day Range
$40.80
$58.34
52-Week Range
$40.09
$315.00
Volume
31,736 shs
Average Volume
1.74 million shs
Market Capitalization
$3.80 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$126.38

RingCentral MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.84 Rating Score
Upside/​Downside
203.9% Upside
$126.38 Price Target
Short Interest
Healthy
6.93% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.14
Upright™ Environmental Score
News Sentiment
0.38mentions of RingCentral in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$763,314 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.42) to ($1.15) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.71 out of 5 stars

Computer And Technology Sector

149th out of 629 stocks

Data Processing & Preparation Industry

10th out of 75 stocks

RNG stock logo

About RingCentral (NYSE:RNG) Stock

RingCentral, 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.

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RNG Stock News Headlines

RingCentral (RNG) Launches AI-Powered Video Capabilities
RingCentral to Present at Upcoming Investor Conference
See More Headlines
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RNG Company Calendar

Last Earnings
8/02/2022
Today
9/26/2022
Next Earnings (Estimated)
11/08/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
N/A
Employees
3,919
Year Founded
1999

Price Target and Rating

Average Stock Price Forecast
$126.38
High Stock Price Forecast
$349.00
Low Stock Price Forecast
$40.00
Forecasted Upside/Downside
+216.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.84
Research Coverage
25 Analysts

Profitability

Net Income
$-376,250,000.00
Pretax Margin
-31.46%

Debt

Sales & Book Value

Annual Sales
$1.59 billion
Cash Flow
$0.97 per share
Book Value
$3.68 per share

Miscellaneous

Free Float
88,313,000
Market Cap
$3.80 billion
Optionable
Optionable
Beta
0.98

Social Links


Key Executives

  • Vladimir G. ShmunisVladimir G. Shmunis
    Chairman & Chief Executive Officer
  • Mohammed KatibehMohammed Katibeh
    President
  • Sonalee Parekh
    Chief Financial Officer
  • Vlad Vendrow
    Chief Technology Officer
  • Anil Goel
    Vice President-Engineering & General Manager-India













RNG Stock - Frequently Asked Questions

Should I buy or sell RingCentral stock right now?

25 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for RingCentral in the last year. There are currently 5 hold ratings, 19 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 2022?

25 brokerages have issued 1 year price objectives for RingCentral's shares. Their RNG share price forecasts range from $40.00 to $349.00. On average, they anticipate the company's stock price to reach $126.38 in the next year. This suggests a possible upside of 209.7% 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 2022?

RingCentral's stock was trading at $187.35 on January 1st, 2022. Since then, RNG shares have decreased by 78.2% and is now trading at $40.80.
View the best growth stocks for 2022 here
.

When is RingCentral's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our RNG earnings forecast
.

How were RingCentral's earnings last quarter?

RingCentral, Inc. (NYSE:RNG) issued its earnings results on Tuesday, August, 2nd. The software maker reported ($0.57) earnings per share for the quarter, missing the consensus estimate of ($0.47) by $0.10. The software maker had revenue of $486.90 million for the quarter, compared to the consensus estimate of $478.98 million. RingCentral had a negative net margin of 31.67% and a negative trailing twelve-month return on equity of 233.94%.

What guidance has RingCentral issued on next quarter's earnings?

RingCentral updated its third quarter 2022 earnings guidance on Tuesday, August, 9th. The company provided earnings per share (EPS) guidance of $0.50-$0.51 for the period, compared to the consensus estimate of $0.48. The company issued revenue guidance of $500.00 million-$504.00 million, compared to the consensus revenue estimate of $509.46 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 investors include Pictet Asset Management SA (2.70%), Renaissance Technologies LLC (2.38%), abrdn plc (1.03%), Assenagon Asset Management S.A. (0.90%), Eagle Asset Management Inc. (0.76%) and Northern Trust Corp (0.59%). Insiders that own company stock include Allan C Thygesen, Anand Eswaran, David Sipes, 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 $40.80.

How much money does RingCentral make?

RingCentral (NYSE:RNG) has a market capitalization of $3.89 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 ($6.15) 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 9/26/2022 by MarketBeat.com Staff

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