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
SymbolNYSE:RNG
CUSIPN/A
Phone650-472-4100
Debt
Debt-to-Equity Ratio1.24
Current Ratio4.32
Quick Ratio4.32
Price-To-Earnings
Trailing P/E Ratio-255.86
Forward P/E Ratio-636.43
P/E GrowthN/A
Sales & Book Value
Annual Sales$501.53 million
Price / Sales13.98
Cash FlowN/A
Price / CashN/A
Book Value$2.21 per share
Price / Book40.32
Profitability
EPS (Most Recent Fiscal Year)($0.35)
Net Income$-26,140,000.00
Net Margins-3.92%
Return on Equity-5.93%
Return on Assets-2.45%
Miscellaneous
Employees1,352
Outstanding Shares78,710,000
Market Cap$6.90 billion
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 share repurchase program on Thursday, March 1st 2018, which allows the company to buyback $35,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through a private placement purchase. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.
How were RingCentral's earnings last quarter?
RingCentral Inc (NYSE:RNG) released its earnings results on Monday, August, 6th. The software maker reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.04. The software maker had revenue of $160.83 million for the quarter, compared to the consensus estimate of $155.71 million. RingCentral had a negative net margin of 3.92% and a negative return on equity of 5.93%. RingCentral's quarterly revenue was up 34.1% on a year-over-year basis. During the same period last year, the company earned $0.04 EPS. View RingCentral's Earnings History.
When is RingCentral's next earnings date?
What guidance has RingCentral issued on next quarter's earnings?
RingCentral updated its FY18 earnings guidance on Monday, August, 6th. The company provided EPS guidance of $0.66-0.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.62. The company issued revenue guidance of $649-656 million, compared to the consensus revenue estimate of $643.32 million.RingCentral also updated its Q3 guidance to $0.15-0.17 EPS.
What price target have analysts set for RNG?
12 brokerages have issued 12 month target prices for RingCentral's shares. Their predictions range from $60.00 to $100.00. On average, they anticipate RingCentral's stock price to reach $86.75 in the next year. This suggests that the stock has a possible downside of 2.6%. View Analyst Price Targets for RingCentral.
What is the consensus analysts' recommendation for RingCentral?
12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for RingCentral in the last year. There are currently 3 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for RingCentral.
Are investors shorting RingCentral?
RingCentral saw a increase in short interest in the month of July. As of July 13th, there was short interest totalling 3,130,331 shares, an increase of 47.1% from the June 29th total of 2,128,141 shares. Based on an average daily trading volume, of 840,446 shares, the short-interest ratio is currently 3.7 days. Approximately 4.9% of the shares of the stock are sold short. View RingCentral's Current Options Chain.
Who are some of RingCentral's key competitors?
Some companies that are related to RingCentral include DXC Technology (DXC), Verisk Analytics (VRSK), Autohome (ATHM), Zendesk (ZEN), Proofpoint (PFPT), YY (YY), CarGurus (CARG), DST Systems (DST), Pegasystems (PEGA), Corelogic (CLGX), PagSeguro Digital (PAGS), Acxiom (ACXM), Zynga (ZNGA), Bilibili (BILI) and Smartsheet (SMAR).
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)
Has RingCentral been receiving favorable news coverage?
News headlines about RNG stock have been trending somewhat positive this week, according to Accern. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. RingCentral earned a media and rumor sentiment score of 0.22 on Accern's scale. They also gave news headlines about the software maker an impact score of 46.08 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next few days. View Recent Headlines for RingCentral.
Who are RingCentral's major shareholders?
RingCentral's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include FMR LLC (8.09%), BlackRock Inc. (4.80%), Gilder Gagnon Howe & Co. LLC (3.35%), Renaissance Technologies LLC (2.47%), Victory Capital Management Inc. (2.01%) and Whale Rock Capital Management LLC (1.81%). 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 BlackRock Inc., FMR LLC, Hunt Lane Capital LP, Gilder Gagnon Howe & Co. LLC, Wells Fargo & Company MN, Schwab Charles Investment Management Inc., Russell Investments Group Ltd. and Columbus Circle Investors. Company insiders that have sold RingCentral company stock in the last year include David Sipes, John H Marlow, Mckenna Michelle, Mitesh Dhruv, Praful Shah, R Neil Williams and Vladimir Shmunis. View Insider Buying and Selling for RingCentral.
Which institutional investors are buying RingCentral stock?
RNG stock was purchased by a variety of institutional investors in the last quarter, including Millennium Management LLC, Redwood Investments LLC, Paloma Partners Management Co, Bank of Montreal Can, OppenheimerFunds Inc., Cubist Systematic Strategies LLC, Bank of Nova Scotia and LMR Partners LLP. 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 $89.10.
How big of a company is RingCentral?
RingCentral has a market capitalization of $6.90 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.
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.
