NYSE:RNG

RingCentral Stock Forecast, Price & News

$325.38
-3.63 (-1.10 %)
(As of 04/16/2021 04:00 PM ET)
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Today's Range
$322.19
Now: $325.38
$330.83
50-Day Range
$283.69
MA: $324.18
$385.99
52-Week Range
$215.05
Now: $325.38
$449.00
Volume602,439 shs
Average Volume896,773 shs
Market Capitalization$29.44 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.7
RingCentral, Inc. provides software-as-a-service solutions that enable businesses to communicate, collaborate, and connect in North America. Its products include RingCentral Office that provides communication and collaboration across various modes, including high-definition voice, video, SMS, messaging and collaboration, conferencing, online meetings, and fax; RingCentral Contact Center, a collaborative contact center solution that delivers omni-channel; and RingCentral Engage Digital, a digital customer engagement platform that allows enterprises to interact with their customers. The company's products also comprise RingCentral Engage Voice, a cloud-based outbound/blended customer engagement platform for midsize and enterprise companies; 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; and RingCentral Live Reports, an add-on for RingCentral Office customers to gather real-time information. In addition, it offers RingCentral Professional, a cloud based virtual telephone service that provides inbound call answering and management services for professionals; and RingCentral Fax that provides online fax capabilities. The company serves a range of industries, including financial services, education, 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, resellers, and channel partners. RingCentral, Inc. has strategic partnerships with Alcatel-Lucent Enterprise; and Vodafone Business. The company was incorporated in 1999 and is headquartered in Belmont, California.
RingCentral logo

Industry, Sector and Symbol

Industry Data processing & preparation
Sub-IndustryN/A
CUSIPN/A
Phone650-472-4100
Employees3,140
Year Founded1999

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$902.86 million
Cash Flow$0.74 per share
Book Value$8.58 per share

Profitability

Net Income$-53,610,000.00

Miscellaneous

Market Cap$29.44 billion
Next Earnings Date5/5/2021 (Estimated)
OptionableOptionable

Headlines

See More Headlines

MarketRank

Overall MarketRank

1.90 out of 5 stars

Computer And Technology Sector

104th out of 1,551 stocks

Data Processing & Preparation Industry

9th out of 100 stocks

Analyst Opinion: 4.5Community Rank: 3.3Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.0 5 -4 -3 -2 -1 -
$325.38
-3.63 (-1.10 %)
(As of 04/16/2021 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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RingCentral (NYSE:RNG) Frequently Asked Questions

Is RingCentral a buy right now?

22 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for RingCentral in the last twelve months. There are currently 21 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" RingCentral stock.
View analyst ratings for RingCentral
or view top-rated stocks.

What stocks does MarketBeat like better than RingCentral?

Wall Street analysts have given RingCentral a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but RingCentral wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is RingCentral's next earnings date?

RingCentral is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021.
View our earnings forecast for RingCentral
.

How were RingCentral's earnings last quarter?

RingCentral, Inc. (NYSE:RNG) issued its quarterly earnings results on Tuesday, February, 16th. The software maker reported $0.29 earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.18) by $0.47. The software maker had revenue of $334.54 million for the quarter, compared to the consensus estimate of $316.92 million. RingCentral had a negative net margin of 9.66% and a negative trailing twelve-month return on equity of 12.62%.
View RingCentral's earnings history
.

How has RingCentral's stock been impacted by Coronavirus (COVID-19)?

RingCentral's stock was trading at $199.34 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, RNG shares have increased by 63.2% and is now trading at $325.38.
View which stocks have been most impacted by COVID-19
.

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

RingCentral updated its FY 2021 After-Hours earnings guidance on Tuesday, February, 16th. The company provided earnings per share (EPS) guidance of 1.20-1.24 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.17. The company issued revenue guidance of $1.475-1.49 billion, compared to the consensus revenue estimate of $1.44 billion.

What price target have analysts set for RNG?

22 equities research analysts have issued 12 month price objectives for RingCentral's shares. Their forecasts range from $275.00 to $535.00. On average, they expect RingCentral's stock price to reach $431.77 in the next twelve months. This suggests a possible upside of 32.7% from the stock's current price.
View analysts' price targets for RingCentral
or view top-rated stocks among Wall Street analysts.

Who are RingCentral's key executives?

RingCentral's management team includes the following people:
  • Mr. Vladimir G. Shmunis, Founder, Chairman & CEO (Age 60, Pay $1.15M) (LinkedIn Profile)
  • Mr. Mitesh Dhruv CFA, Chief Financial Officer (Age 43, Pay $1.24M) (LinkedIn Profile)
  • Mr. John H. Marlow, Chief Admin. Officer, Sr. VP of Corp. Devel., Gen. Counsel & Sec. (Age 52, Pay $807k) (LinkedIn Profile)
  • Mr. Praful K. Shah, Chief Strategy Officer (Age 65, Pay $827.57k) (LinkedIn Profile)
  • Mr. Anand Eswaran, Pres & COO (Age 46) (LinkedIn Profile)
  • Mr. Vlad Vendrow, Co-Founder & CTO (LinkedIn Profile)
  • Mr. Vaibhav Agarwal, VP, Corp. Controller & Chief Accounting Officer (Age 44)
  • Mr. Trevor Schulze, Sr. VP & Chief Information Officer (LinkedIn Profile)
  • Ryan Goodman, Director of Investor Relations
  • Mr. Jaya Kumar, Chief Marketing Officer

What is Vlad Shmunis' approval rating as RingCentral's CEO?

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.

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), Alibaba Group (BABA), salesforce.com (CRM), Square (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 many different institutional and retail investors. Top institutional shareholders include Moody National Bank Trust Division (0.04%), Royal London Asset Management Ltd. (0.03%), DnB Asset Management AS (0.01%), Jackson Wealth Management LLC (0.01%), Verde Capital Management (0.00%) and HighPoint Advisor Group LLC (0.00%). Company insiders that own RingCentral stock include Allan C Thygesen, Anand Eswaran, David Sipes, John H Marlow, Kenneth A Goldman, Mckenna Michelle, Mitesh Dhruv, Praful Shah, R Neil Williams, Robert I Theis, Vaibhav Agarwal 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 Moody National Bank Trust Division, Verde Capital Management, and Gilbert & Cook Inc.. Company insiders that have sold RingCentral company stock in the last year include Allan C Thygesen, Anand Eswaran, John H Marlow, Kenneth A Goldman, Mckenna Michelle, Mitesh Dhruv, Praful Shah, R Neil Williams, Robert I Theis, Vaibhav Agarwal, and Vladimir Shmunis.
View insider buying and selling activity for RingCentral
or view top insider-selling stocks.

Which institutional investors are buying RingCentral stock?

RNG stock was purchased by a variety of institutional investors in the last quarter, including DnB Asset Management AS, NuWave Investment Management LLC, Redpoint Investment Management Pty Ltd, Harbor Investment Advisory LLC, Royal London Asset Management Ltd., Jackson Wealth Management LLC, Wealth Management Partners LLC, and HighPoint Advisor Group LLC.
View insider buying and selling activity for RingCentral
or or view top insider-buying stocks.

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 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 $325.38.

How much money does RingCentral make?

RingCentral has a market capitalization of $29.44 billion and generates $902.86 million in revenue each year. The software maker earns $-53,610,000.00 in net income (profit) each year or ($0.19) on an earnings per share basis.

How many employees does RingCentral have?

RingCentral employs 3,140 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..

When was RingCentral founded?

RingCentral was founded in 1999.

What is RingCentral's official website?

The official website for RingCentral is www.ringcentral.com.

Where are RingCentral's headquarters?

RingCentral is headquartered at 20 DAVIS DRIVE, BELMONT CA, 94002.

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]


This page was last updated on 4/18/2021 by MarketBeat.com Staff
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