RingCentral - RNG Stock Forecast, Price & News

26 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for RingCentral in the last twelve months. There are currently 9 hold ratings, 16 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RNG shares.
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26 Wall Street research analysts have issued 1-year target prices for RingCentral's shares. Their RNG share price forecasts range from $39.00 to $295.00. On average, they anticipate the company's share price to reach $78.92 in the next twelve months. This suggests a possible upside of 76.5% from the stock's current price.
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RingCentral's stock was trading at $35.40 at the beginning of the year. Since then, RNG stock has increased by 26.3% and is now trading at $44.72.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
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RingCentral will be holding an earnings conference call on Wednesday, February 15th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "10174186".

RingCentral, Inc. (NYSE:RNG) posted its earnings results on Wednesday, November, 9th. The software maker reported ($0.42) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.36) by $0.06. The software maker earned $509.03 million during the quarter, compared to analysts' expectations of $502.93 million. RingCentral had a negative trailing twelve-month return on equity of 765.97% and a negative net margin of 37.31%.

RingCentral updated its fourth quarter 2022 earnings guidance on Friday, December, 9th. The company provided earnings per share guidance of $0.59-$0.60 for the period, compared to the consensus estimate of $0.59. The company issued revenue guidance of $523.00 million-$529.00 million, compared to the consensus revenue estimate of $544.97 million.

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.

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).

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 Assenagon Asset Management S.A. (0.75%), Bank of Montreal Can (0.50%), Stephens Investment Management Group LLC (0.43%), New York State Common Retirement Fund (0.21%), Comerica Bank (0.17%) and State of New Jersey Common Pension Fund D (0.07%). Insiders that own company stock include Allan C Thygesen, Anand Eswaran, 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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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.
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One share of RNG stock can currently be purchased for approximately $44.72.

RingCentral (NYSE:RNG) has a market capitalization of $4.29 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 ($7.53) on an earnings per share basis.

The company employs 3,919 workers across the globe.

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.