50% OFF
MarketBeat All Access
Get 30 days free. Save 50% your first year.
  •  days
  •  Hours
  •  Minutes
  •  Seconds
×
S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Get 1TB of Top-Rated Cloud Storage for Life for Just $112
CEO of biggest PE firm predicts “social unrest” (Ad)
Germany secures more gas shipments as Scholz visits Gulf
Labour conference starts with focus on 'immoral' tax cuts
CEO of biggest PE firm predicts “social unrest” (Ad)
Poverty and inflation: Egypt's economy hit by global turmoil
German leader continues Gulf tour with stops in UAE, Qatar
One Stock Doubles Your Money, During Crisis? (Ad)
Fire breaks out at world's biggest produce market in Paris
Asian shares mostly decline echoing US slide on rate worries
S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Get 1TB of Top-Rated Cloud Storage for Life for Just $112
CEO of biggest PE firm predicts “social unrest” (Ad)
Germany secures more gas shipments as Scholz visits Gulf
Labour conference starts with focus on 'immoral' tax cuts
CEO of biggest PE firm predicts “social unrest” (Ad)
Poverty and inflation: Egypt's economy hit by global turmoil
German leader continues Gulf tour with stops in UAE, Qatar
One Stock Doubles Your Money, During Crisis? (Ad)
Fire breaks out at world's biggest produce market in Paris
Asian shares mostly decline echoing US slide on rate worries
S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Get 1TB of Top-Rated Cloud Storage for Life for Just $112
CEO of biggest PE firm predicts “social unrest” (Ad)
Germany secures more gas shipments as Scholz visits Gulf
Labour conference starts with focus on 'immoral' tax cuts
CEO of biggest PE firm predicts “social unrest” (Ad)
Poverty and inflation: Egypt's economy hit by global turmoil
German leader continues Gulf tour with stops in UAE, Qatar
One Stock Doubles Your Money, During Crisis? (Ad)
Fire breaks out at world's biggest produce market in Paris
Asian shares mostly decline echoing US slide on rate worries
S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Get 1TB of Top-Rated Cloud Storage for Life for Just $112
CEO of biggest PE firm predicts “social unrest” (Ad)
Germany secures more gas shipments as Scholz visits Gulf
Labour conference starts with focus on 'immoral' tax cuts
CEO of biggest PE firm predicts “social unrest” (Ad)
Poverty and inflation: Egypt's economy hit by global turmoil
German leader continues Gulf tour with stops in UAE, Qatar
One Stock Doubles Your Money, During Crisis? (Ad)
Fire breaks out at world's biggest produce market in Paris
Asian shares mostly decline echoing US slide on rate worries
NYSE:RNG

RingCentral - RNG Stock Forecast, Price & News

$40.80
-0.86 (-2.06%)
(As of 09/23/2022 08:56 PM ET)
Add
Compare
Today's Range
$40.09
$41.84
50-Day Range
$40.80
$58.34
52-Week Range
$40.09
$315.00
Volume
2.57 million shs
Average Volume
1.75 million shs
Market Capitalization
$3.89 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
209.7% 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
0.36mentions of RingCentral in the last 14 days
Based on 8 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

151st out of 627 stocks

Data Processing & Preparation Industry

9th out of 74 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.

Receive RNG Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for RingCentral and its competitors with MarketBeat's FREE daily newsletter.

RNG Stock News Headlines

RingCentral (RNG) Launches AI-Powered Video Capabilities
RingCentral to Present at Upcoming Investor Conference
See More Headlines
Receive RNG Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for RingCentral and its competitors with MarketBeat's FREE daily newsletter.

RNG Company Calendar

Last Earnings
8/02/2022
Today
9/25/2022
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
+209.7%
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
$0.99 per share
Book Value
$3.68 per share

Miscellaneous

Free Float
88,313,000
Market Cap
$3.89 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 analysts have issued "buy," "hold," and "sell" ratings for RingCentral in the last twelve months. There are currently 5 hold ratings, 19 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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 Wall Street research analysts have issued 12 month price targets for RingCentral's stock. 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 twelve months. 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 at the beginning of the year. 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) posted its quarterly earnings data on Tuesday, August, 2nd. The software maker reported ($0.57) earnings per share for the quarter, missing analysts' consensus estimates of ($0.47) by $0.10. The software maker earned $486.90 million during the quarter, compared to analyst estimates 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 EPS guidance of $0.50-$0.51 for the period, compared to the consensus EPS 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 a number of retail and institutional investors. Top institutional shareholders 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

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.