NYSE:RNG - RingCentral Stock Price, News, & Analysis

$118.04
-0.12 (-0.10 %)
(As of 06/17/2019 01:03 AM ET)
Today's Range
$115.63
Now: $118.04
$118.32
50-Day Range
$113.16
MA: $119.72
$125.00
52-Week Range
$64.41
Now: $118.04
$127.00
Volume476,792 shs
Average Volume603,941 shs
Market Capitalization$9.67 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.94
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. Read More…

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$673.62 million
Cash Flow$0.7022 per share
Book Value$3.92 per share

Profitability

Net Income$-26,200,000.00

Miscellaneous

Employees1,871
Market Cap$9.67 billion
Next Earnings Date8/5/2019 (Estimated)
OptionableOptionable

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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 of Directors has authorized a stock buyback plan on Thursday, March 1st 2018, which authorizes the company to repurchase $35,000,000.00 in 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 generally a sign that the company's board of directors believes its shares are undervalued.

How were RingCentral's earnings last quarter?

RingCentral Inc (NYSE:RNG) announced its quarterly earnings results on Monday, May, 6th. The software maker reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.15 by $0.16. The software maker had revenue of $201.50 million for the quarter, compared to analysts' expectations of $193.54 million. RingCentral had a negative return on equity of 0.73% and a negative net margin of 4.12%. RingCentral's quarterly revenue was up 34.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.16 EPS. View RingCentral's Earnings History.

When is RingCentral's next earnings date?

RingCentral is scheduled to release their next quarterly earnings announcement on Monday, August 5th 2019. View Earnings Estimates for RingCentral.

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

RingCentral updated its FY19 earnings guidance on Monday, May, 6th. The company provided earnings per share guidance of $0.71-0.75 for the period, compared to the Thomson Reuters consensus estimate of $0.71. The company issued revenue guidance of $862-866 million, compared to the consensus revenue estimate of $854.98 million.RingCentral also updated its FY 2019 guidance to $0.71-0.75 EPS.

What price target have analysts set for RNG?

17 equities research analysts have issued 1-year price objectives for RingCentral's stock. Their forecasts range from $90.00 to $148.00. On average, they anticipate RingCentral's stock price to reach $120.4706 in the next year. This suggests a possible upside of 2.1% from the stock's current price. View Analyst Price Targets for RingCentral.

What is the consensus analysts' recommendation for RingCentral?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for RingCentral in the last year. There are currently 3 hold ratings, 13 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. 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)
  • 2. 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. " (5/1/2019)

Has RingCentral been receiving favorable news coverage?

News coverage about RNG stock has been trending somewhat positive this week, InfoTrie reports. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. RingCentral earned a media sentiment score of 1.2 on InfoTrie's scale. They also gave media coverage about the software maker a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the near term. View News Stories for RingCentral.

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), Micron Technology (MU), salesforce.com (CRM), Netflix (NFLX), Mastercard (MA), Twilio (TWLO), Adobe (ADBE), Square (SQ) and AT&T (T).

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 many different of retail and institutional investors. Top institutional shareholders include Gilder Gagnon Howe & Co. LLC (2.61%), Victory Capital Management Inc. (2.38%), Columbus Circle Investors (1.25%), OppenheimerFunds Inc. (1.20%), Eagle Asset Management Inc. (0.84%) and FIL Ltd (0.78%). Company insiders that own RingCentral stock include David Sipes, John H Marlow, Mckenna Michelle, Mitesh Dhruv, Praful Shah, R Neil Williams, Robert I Theis 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 Gilder Gagnon Howe & Co. LLC, Vaughan Nelson Investment Management L.P., OppenheimerFunds Inc., Marshall Wace North America L.P., Clearbridge Investments LLC, First Trust Advisors LP, Neuberger Berman Group LLC and Timpani 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, Robert I Theis and Vladimir Shmunis. View Insider Buying and Selling for RingCentral.

Which major investors are buying RingCentral stock?

RNG stock was bought by a variety of institutional investors in the last quarter, including FIL Ltd, Eagle Asset Management Inc., Victory Capital Management Inc., Carillon Tower Advisers Inc., Assenagon Asset Management S.A., Stephens Investment Management Group LLC, Spark Investment Management LLC and Raymond James Financial Services Advisors Inc.. 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 $118.04.

How big of a company is RingCentral?

RingCentral has a market capitalization of $9.67 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?

The official website for RingCentral is http://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]


MarketBeat Community Rating for RingCentral (NYSE RNG)

Community Ranking:  3.2 out of 5 (star star star)
Outperform Votes:  543 (Vote Outperform)
Underperform Votes:  307 (Vote Underperform)
Total Votes:  850
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.
This page was last updated on 6/17/2019 by MarketBeat.com Staff

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