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

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$108.38 +2.88 (+2.73 %)
(As of 04/23/2019 08:44 AM ET)
Previous Close$105.50
Today's Range$104.8250 - $108.65
52-Week Range$63.95 - $111.89
Volume648,897 shs
Average Volume815,276 shs
Market Capitalization$8.81 billion
P/E RatioN/A
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$0.7213 per share
Book Value$3.92 per share

Profitability

Net Income$-26,200,000.00

Miscellaneous

Employees1,871
Market Cap$8.81 billion
Next Earnings Date5/6/2019 (Confirmed)
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 announced that its board has authorized a share repurchase program on Thursday, March 1st 2018, which authorizes the company to buyback $35,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through a private placement purchase. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

How were RingCentral's earnings last quarter?

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

When is RingCentral's next earnings date?

RingCentral is scheduled to release their next quarterly earnings announcement on Monday, May 6th 2019. View Earnings Estimates for RingCentral.

How can I listen to RingCentral's earnings call?

RingCentral will be holding an earnings conference call on Monday, May 6th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8777056003.

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 guidance of $0.14-0.16 for the period, compared to the Thomson Reuters consensus 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 Wall Street analysts have issued 12 month price objectives for RingCentral's shares. Their predictions range from $90.00 to $125.00. On average, they anticipate RingCentral's stock price to reach $111.2143 in the next year. This suggests a possible upside of 2.6% 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?

News articles about RNG stock have trended somewhat negative this week, according to InfoTrie. The research firm ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. RingCentral earned a daily sentiment score of -1.6 on InfoTrie's scale. They also gave news headlines about the software maker a news buzz of 5.0 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the company's share price in the next few 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), Alibaba Group (BABA), Micron Technology (MU), salesforce.com (CRM), Netflix (NFLX), Mastercard (MA), Lam Research (LRCX), Square (SQ), AT&T (T) and Adobe (ADBE).

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 many different of institutional and retail investors. Top institutional shareholders include Columbus Circle Investors (1.25%), Moody National Bank Trust Division (0.14%), Chartwell Investment Partners LLC (0.08%), Glaxis Capital Management LLC (0.04%), State of Alaska Department of Revenue (0.01%) and Sciencast Management LP (0.01%). 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 State of Alaska Department of Revenue, Moody National Bank Trust Division, Cambridge Trust Co. and Strs Ohio. 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 bought by a variety of institutional investors in the last quarter, including Columbus Circle Investors, Glaxis Capital Management LLC, Sciencast Management LP, Virtu Financial LLC, Clarus Wealth Advisors, Raymond James Trust N.A., Oakbrook Investments LLC and Chartwell Investment Partners 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 $108.38.

How big of a company is RingCentral?

RingCentral has a market capitalization of $8.81 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:  510 (Vote Outperform)
Underperform Votes:  287 (Vote Underperform)
Total Votes:  797
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 4/23/2019 by MarketBeat.com Staff

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