RingCentral, Inc. provides software-as-a-service solutions for business communications and collaboration primarily in the United States. The company's products include RingCentral Office, a multi-tenant, multi-location, and enterprise-grade communications and collaboration solution that enables employees to communicate through voice, text, team messaging and collaboration, and HD video and Web conferencing through smartphones, tablets, PCs, and desk phones for businesses, which require a communications solution; RingCentral Professional, an inbound call routing subscription with additional text and fax capabilities primarily for smaller businesses; and RingCentral Fax solution that offers Internet fax capabilities, which allow businesses to send and receive fax documents without the need for a fax machine. Its products also comprise RingCentral Contact Center that provides a cloud based contact center solution, which delivers omni-channel capabilities; 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. RingCentral, Inc. 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. The company sells its products through a network of direct sales representatives, as well as sales agents and channel partners. RingCentral, Inc. was founded in 1999 and is headquartered in Belmont, California.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Data processing & preparation
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNYSE:RNG
Previous Symbol
CUSIPN/A
Phone650-472-4100
Debt
Debt-to-Equity Ratio1.22
Current Ratio4.07
Quick Ratio4.07
Price-To-Earnings
Trailing P/E Ratio-218.29
Forward P/E Ratio-848.89
P/E GrowthN/A
Sales & Book Value
Annual Sales$501.53 million
Price / Sales12.13
Cash FlowN/A
Price / CashN/A
Book Value$3.76 per share
Price / Book20.32
Profitability
EPS (Most Recent Fiscal Year)($0.35)
Net Income$-26,140,000.00
Net Margins-4.25%
Return on Equity-3.64%
Return on Assets-1.38%
Miscellaneous
Employees1,352
Outstanding Shares79,620,000
Market Cap$5.91 billion
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 has authorized a share buyback plan on Thursday, March 1st 2018, which authorizes the company to buyback $35,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy shares of its stock through a private placement purchase. Stock buyback plans are generally a sign that the company's board believes its stock is undervalued.
How were RingCentral's earnings last quarter?
RingCentral Inc (NYSE:RNG) issued its earnings results on Monday, November, 5th. The software maker reported $0.19 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.16 by $0.03. The software maker earned $173.83 million during the quarter, compared to analyst estimates of $166.70 million. RingCentral had a negative net margin of 4.25% and a negative return on equity of 3.64%. The business's quarterly revenue was up 33.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.06 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 fourth quarter earnings guidance on Monday, November, 5th. The company provided earnings per share (EPS) guidance of $0.17 -0.19 for the period, compared to the Thomson Reuters consensus estimate of $0.17. The company issued revenue guidance of $179-182 million, compared to the consensus revenue estimate of $175.62 million.RingCentral also updated its FY 2018 guidance to $0.71-0.73 EPS.
What price target have analysts set for RNG?
14 equities research analysts have issued 1-year price objectives for RingCentral's stock. Their forecasts range from $60.00 to $105.00. On average, they anticipate RingCentral's stock price to reach $89.4286 in the next year. This suggests a possible upside of 17.1% from the stock's current price. View Analyst Price Targets for RingCentral.
What is the consensus analysts' recommendation for RingCentral?
14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for RingCentral in the last year. There are currently 3 hold ratings and 11 buy ratings 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. " (11/9/2018)
- 2. Rosenblatt Securities analysts commented, ": We maintain our Overweight rating and our 12-month PT of $169 on JKHY. (We will review our estimates and PT post the earnings call.) JKHY reported quarterly top-line results and EPS above the FactSet consensus. We look to the earnings call for color on the new payments platform and pipeline updates, the impact and timing of termination fees, and the margin trajectory." (11/7/2018)
Has RingCentral been receiving favorable news coverage?
Media stories about RNG stock have been trending somewhat negative this week, according to InfoTrie Sentiment. The research group identifies negative and positive 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 closest to five being the most favorable. RingCentral earned a daily sentiment score of -1.8 on InfoTrie's scale. They also gave news stories about the software maker a news buzz of 4.0 out of 10, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
Who are some of RingCentral's key competitors?
Some companies that are related to RingCentral include Verisk Analytics (VRSK), DXC Technology (DXC), Autohome (ATHM), Zendesk (ZEN), Proofpoint (PFPT), YY (YY), CarGurus (CARG), Pegasystems (PEGA), Bilibili (BILI), Corelogic (CLGX), Zynga (ZNGA), PagSeguro Digital (PAGS), Smartsheet (SMAR), Five9 (FIVN) and Trivago (TRVG).
Who are RingCentral's key executives?
RingCentral's management team includes the folowing people:
- Mr. Vladimir G. Shmunis, Co-Founder, Chairman & CEO (Age 57)
- Mr. Mitesh Dhruv CFA, Chief Financial Officer (Age 40)
- Mr. David D. Sipes, Chief Operating Officer (Age 51)
- Mr. John H. Marlow, Chief Admin. Officer, Gen. Counsel & Sr. VP of Corp. Devel. (Age 49)
- Mr. Praful K. Shah, Chief Strategy Officer (Age 62)
Who are RingCentral's major shareholders?
RingCentral's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Capital World Investors (8.48%), FMR LLC (7.95%), BlackRock Inc. (4.76%), Capital International Investors (3.77%), Gilder Gagnon Howe & Co. LLC (3.03%) and Victory Capital Management Inc. (1.95%). Company insiders that own RingCentral stock include Clyde Hosein, David Sipes, John H Marlow, Kira Makagon, Mckenna Michelle, Mitesh Dhruv, Praful Shah, R Neil Williams 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 Renaissance Technologies LLC, Gilder Gagnon Howe & Co. LLC, Wells Fargo & Company MN, Soros Fund Management LLC, Alliancebernstein L.P., BlueMountain Capital Management LLC, GSA Capital Partners LLP and AQR Capital Management 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 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 Capital International Investors, First Trust Advisors LP, Capital World Investors, Columbus Circle Investors, Janus Henderson Group PLC, Moody National Bank Trust Division, Putnam Investments LLC and US Bancorp DE. 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 $76.40.
How big of a company is RingCentral?
RingCentral has a market capitalization of $5.91 billion and generates $501.53 million in revenue each year. The software maker earns $-26,140,000.00 in net income (profit) each year or ($0.35) on an earnings per share basis. RingCentral employs 1,352 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.
