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

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$108.15 +1.85 (+1.74 %)
(As of 03/26/2019 04:00 PM ET)
Previous Close$106.30
Today's Range$107.03 - $109.11
52-Week Range$61.35 - $111.70
Volume22,675 shs
Average Volume716,698 shs
Market Capitalization$8.79 billion
P/E Ratio-2,701.25
Dividend YieldN/A
Beta0.95
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. Its products also comprise RingCentral Contact Center, a collaborative contact center solution that delivers omni-channel; 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. The company 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. It sells its products through a network of direct sales representatives, as well as sales agents and channel partners. The company was incorporated in 1999 and is headquartered in Belmont, California.

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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$0.7125 per share
Book Value$3.92 per share

Profitability

Net Income$-26,200,000.00

Miscellaneous

Employees1,871
Market Cap$8.79 billion
Next Earnings Date5/8/2019 (Estimated)
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 of Directors has approved a share buyback program on Thursday, March 1st 2018, which authorizes the company to repurchase $35,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through a private placement purchase. Shares repurchase programs are generally an indication that the company's board believes its shares are undervalued.

How were RingCentral's earnings last quarter?

RingCentral Inc (NYSE:RNG) posted its quarterly earnings data on Monday, February, 11th. The software maker reported $0.01 EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.04) by $0.05. The software maker had revenue of $188.62 million for the quarter, compared to analysts' expectations of $180.91 million. RingCentral had a negative net margin of 3.89% and a negative return on equity of 0.69%. View RingCentral's Earnings History.

When is RingCentral's next earnings date?

RingCentral is scheduled to release their next quarterly earnings announcement on Wednesday, May 8th 2019. View Earnings Estimates for RingCentral.

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

RingCentral updated its first quarter 2019 earnings guidance on Monday, February, 11th. The company provided earnings per share (EPS) guidance of $0.14-0.16 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.15. The company issued revenue guidance of $191.5-194.5 million, compared to the consensus revenue estimate of $188.93 million.RingCentral also updated its FY 2019 guidance to $0.69-0.73 EPS.

What price target have analysts set for RNG?

15 analysts have issued 1 year price targets for RingCentral's shares. Their predictions range from $90.00 to $125.00. On average, they expect RingCentral's share price to reach $111.2143 in the next year. This suggests a possible upside of 2.9% from the stock's current price. View Analyst Price Targets for RingCentral.

What is the consensus analysts' recommendation for RingCentral?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for RingCentral in the last year. There are currently 3 hold ratings, 11 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for RingCentral.

Has RingCentral been receiving favorable news coverage?

Media coverage about RNG stock has been trending somewhat positive on Tuesday, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. RingCentral earned a media sentiment score of 1.7 on InfoTrie's scale. They also assigned news articles about the software maker a news buzz of 6.0 out of 10, indicating that recent media coverage is somewhat likely to have an effect on the company's share price in the next several days.

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), Micron Technology (MU), Alibaba Group (BABA), salesforce.com (CRM), Netflix (NFLX), Adobe (ADBE), Twilio (TWLO), Advanced Micro Devices (AMD), Square (SQ) and Alphabet (GOOG).

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 a number of of retail and institutional investors. Top institutional investors include FMR LLC (9.00%), BlackRock Inc. (4.65%), Whale Rock Capital Management LLC (1.91%), Victory Capital Management Inc. (1.77%), Columbus Circle Investors (1.22%) and Lord Abbett & CO. LLC (1.21%). 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, 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 Two Sigma Investments LP, First Trust Advisors LP, Victory Capital Management Inc., Chicago Equity Partners LLC, Two Sigma Advisers LP, Castleark Management LLC, Weiss Multi Strategy Advisers LLC and BlackRock Inc.. 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 purchased by a variety of institutional investors in the last quarter, including FMR LLC, Norges Bank, Macquarie Group Ltd., Polar Capital LLP, Columbus Circle Investors, Canada Pension Plan Investment Board, Summit Partners Public Asset Management LLC and Lord Abbett & CO. LLC. 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 $108.05.

How big of a company is RingCentral?

RingCentral has a market capitalization of $8.78 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.

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:  500 (Vote Outperform)
Underperform Votes:  283 (Vote Underperform)
Total Votes:  783
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 3/26/2019 by MarketBeat.com Staff

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