RingCentral Stock Forecast, Price & News

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for RingCentral in the last twelve months. There are currently 3 hold ratings, 17 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" RingCentral stock.
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21 Wall Street analysts have issued 1 year price objectives for RingCentral's stock. Their RNG stock forecasts range from $80.00 to $349.00. On average, they expect RingCentral's share price to reach $172.57 in the next twelve months. This suggests a possible upside of 203.0% from the stock's current price.
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RingCentral's stock was trading at $187.35 at the beginning of the year. Since then, RNG stock has decreased by 69.6% and is now trading at $56.96.
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RingCentral is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022.
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RingCentral, Inc. (NYSE:RNG) released its quarterly earnings data on Monday, May, 9th. The software maker reported ($0.63) EPS for the quarter, missing analysts' consensus estimates of ($0.54) by $0.09. The software maker earned $467.66 million during the quarter, compared to analyst estimates of $458.36 million. RingCentral had a negative trailing twelve-month return on equity of 183.51% and a negative net margin of 30.82%. The company's quarterly revenue was up 32.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.41) earnings per share.
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RingCentral issued an update on its second quarter 2022 earnings guidance on Monday, June, 6th. The company provided EPS guidance of $0.40-$0.41 for the period, compared to the consensus EPS estimate of $0.38. The company issued revenue guidance of $475.50 million-$479.50 million, compared to the consensus revenue estimate of $477.19 million.

659 employees have rated RingCentral CEO Vlad Shmunis on Glassdoor.com. Vlad Shmunis has an approval rating of 98% among RingCentral's employees. This puts Vlad Shmunis in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to RingCentral include Bilibili (BILI), Clarivate (CLVT), Zynga (ZNGA), Zendesk (ZEN), Globant (GLOB), Change Healthcare (CHNG), DXC Technology (DXC), Toast (TOST), TELUS International (Cda) (TIXT), Five9 (FIVN), Playtika (PLTK), Autohome (ATHM), Pegasystems (PEGA), PagSeguro Digital (PAGS) and CarGurus (CARG).
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Based on aggregate information from My MarketBeat watchlists, some companies that other RingCentral investors own include NVIDIA (NVDA), Alibaba Group (BABA), Salesforce (CRM), Square (SQ), PayPal (PYPL), Advanced Micro Devices (AMD), DocuSign (DOCU), Netflix (NFLX), Shopify (SHOP) and ServiceNow (NOW).

RingCentral trades on the New York Stock Exchange (NYSE) under the ticker symbol "RNG."

RingCentral's stock is owned by many different retail and institutional investors. Top institutional shareholders include Capital World Investors (12.56%), Capital International Investors (9.59%), Vanguard Group Inc. (8.23%), Scge Management L.P. (1.52%), Sustainable Growth Advisers LP (1.38%) and Aaron Wealth Advisors LLC (1.04%). Company insiders that own RingCentral 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.
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RNG stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Zurcher Kantonalbank Zurich Cantonalbank , KBC Group NV, Bank of Nova Scotia, Gilder Gagnon Howe & Co. LLC, Assenagon Asset Management S.A., Primecap Management Co. CA, and US Bancorp DE. Company insiders that have sold RingCentral company stock in the last two years include Allan C Thygesen, Anand Eswaran, Godfrey Sullivan, John H Marlow, Joseph D Mansueto, Mitesh Dhruv, Mohammed Katibeh, Praful Shah, R Neil Williams, Robert I Theis, Sonalee Elizabeth Parekh, Vaibhav Agarwal, and Vladimir Shmunis.
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RNG stock was bought by a variety of institutional investors in the last quarter, including Aaron Wealth Advisors LLC, Renaissance Technologies LLC, Capital World Investors, Chicago Capital LLC, First Trust Advisors LP, Woodline Partners LP, Vanguard Group Inc., and UBS Group AG.
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Shares of RNG 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.
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One share of RNG stock can currently be purchased for approximately $56.96.

RingCentral (NYSE:RNG) has a market capitalization of $5.25 billion and generates $1.59 billion in revenue each year. The software maker earns $-376.25 million in net income (profit) each year or ($5.69) on an earnings per share basis.

RingCentral employs 3,919 workers across the globe.

RingCentral was founded in 1999.

RingCentral's mailing address is 20 DAVIS DRIVE, BELMONT CA, 94002. The official website for RingCentral is www.ringcentral.com. The software maker can be reached via phone at (650) 472-4100, via email at [email protected], or via fax at 888-528-7464.