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NYSE:RNG

RingCentral Stock Forecast, Price & News

$56.17
-2.75 (-4.67%)
(As of 06/28/2022 02:15 PM ET)
Add
Compare
Today's Range
$56.12
$59.80
50-Day Range
$48.69
$105.44
52-Week Range
$48.53
$315.00
Volume
39,353 shs
Average Volume
1.93 million shs
Market Capitalization
$5.18 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$172.57
30 days | 90 days | 365 days | Advanced Chart

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RNG Stock Forecast (MarketRank)

Overall MarketRank

2.48 out of 5 stars

Computer And Technology Sector

209th out of 936 stocks

Data Processing & Preparation Industry

12th out of 113 stocks

Analyst Opinion: 3.5Community Rank: 5.0Dividend Strength: 0.0Insider Behavior: 3.3Valuation: 0.6 5 -4 -3 -2 -1 -
RingCentral logo

About RingCentral (NYSE:RNG)

RingCentral, Inc. provides software-as-a-service solutions that enable businesses to communicate, collaborate, and connect in North America. The company offers business cloud communications and contact center solutions based on its Message Video Phone? platform. 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 Video, a video meeting service which includes our RCV video and team messaging capabilities and offers video and audio conferencing, file sharing, contact, task, and calendar management. 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.

RNG Stock News Headlines

RingCentral (NYSE:RNG) Shares Up 3.7%
RingCentral (NYSE:RNG) Shares Up 8.2%
RingCentral (NYSE:RNG) Sets New 52-Week Low at $55.32
See More Headlines

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
N/A
Employees
3,919
Year Founded
1999

Company Calendar

Last Earnings
5/09/2022
Today
6/28/2022
Next Earnings (Estimated)
8/02/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$172.57
High Stock Price Forecast
$349.00
Low Stock Price Forecast
$80.00
Forecasted Upside/Downside
+207.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.9047619047619
Research Coverage
21 Analysts

Profitability

Net Income
$-376.25 million
Pretax Margin
-30.64%

Debt

Sales & Book Value

Annual Sales
$1.59 billion
Cash Flow
$0.90 per share
Book Value
$3.68 per share

Miscellaneous

Free Float
85,388,000
Market Cap
$5.18 billion
Optionable
Optionable
Beta
0.95

Social Links















RingCentral Frequently Asked Questions

Should I buy or sell RingCentral stock right now?

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for RingCentral in the last twelve months. There are currently 3 hold ratings, 17 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" RingCentral stock.
View analyst ratings for RingCentral
or view top-rated stocks.

What is RingCentral's stock price forecast for 2022?

21 Wall Street analysts have issued 1 year price objectives for RingCentral's stock. Their RNG stock forecasts range from $80.00 to $349.00. On average, they expect RingCentral's share price to reach $172.57 in the next twelve months. This suggests a possible upside of 203.0% from the stock's current price.
View analysts' price targets for RingCentral
or view top-rated stocks among Wall Street analysts.

How has RingCentral's stock performed in 2022?

RingCentral's stock was trading at $187.35 at the beginning of the year. Since then, RNG stock has decreased by 69.6% and is now trading at $56.96.
View the best growth stocks for 2022 here
.

When is RingCentral's next earnings date?

RingCentral is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022.
View our earnings forecast for RingCentral
.

How were RingCentral's earnings last quarter?

RingCentral, Inc. (NYSE:RNG) released its quarterly earnings data on Monday, May, 9th. The software maker reported ($0.63) EPS for the quarter, missing analysts' consensus estimates of ($0.54) by $0.09. The software maker earned $467.66 million during the quarter, compared to analyst estimates of $458.36 million. RingCentral had a negative trailing twelve-month return on equity of 183.51% and a negative net margin of 30.82%. The company's quarterly revenue was up 32.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.41) earnings per share.
View RingCentral's earnings history
.

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

RingCentral issued an update on its second quarter 2022 earnings guidance on Monday, June, 6th. The company provided EPS guidance of $0.40-$0.41 for the period, compared to the consensus EPS estimate of $0.38. The company issued revenue guidance of $475.50 million-$479.50 million, compared to the consensus revenue estimate of $477.19 million.

Who are RingCentral's key executives?

RingCentral's management team includes the following people:

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.

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 (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 retail and institutional investors. Top institutional shareholders include Capital World Investors (12.56%), Capital International Investors (9.59%), Vanguard Group Inc. (8.23%), Scge Management L.P. (1.52%), Sustainable Growth Advisers LP (1.38%) and Aaron Wealth Advisors LLC (1.04%). Company insiders that own RingCentral stock include Allan C Thygesen, Anand Eswaran, David Sipes, 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.
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 Bank of New York Mellon Corp, Zurcher Kantonalbank Zurich Cantonalbank , KBC Group NV, Bank of Nova Scotia, Gilder Gagnon Howe & Co. LLC, Assenagon Asset Management S.A., Primecap Management Co. CA, and US Bancorp DE. Company insiders that have sold RingCentral company stock in the last two years include Allan C Thygesen, Anand Eswaran, Godfrey Sullivan, John H Marlow, Joseph D Mansueto, Mitesh Dhruv, Mohammed Katibeh, Praful Shah, R Neil Williams, Robert I Theis, Sonalee Elizabeth Parekh, Vaibhav Agarwal, and Vladimir Shmunis.
View insider buying and selling activity for RingCentral
or view top insider-selling stocks.

Which major investors are buying RingCentral stock?

RNG stock was bought by a variety of institutional investors in the last quarter, including Aaron Wealth Advisors LLC, Renaissance Technologies LLC, Capital World Investors, Chicago Capital LLC, First Trust Advisors LP, Woodline Partners LP, Vanguard Group Inc., and UBS Group AG.
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 $56.96.

How much money does RingCentral make?

RingCentral (NYSE:RNG) has a market capitalization of $5.25 billion and generates $1.59 billion in revenue each year. The software maker earns $-376.25 million in net income (profit) each year or ($5.69) on an earnings per share basis.

How many employees does RingCentral have?

RingCentral employs 3,919 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..
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When was RingCentral founded?

RingCentral was founded in 1999.

How can I contact RingCentral?

RingCentral's mailing address is 20 DAVIS DRIVE, BELMONT CA, 94002. The official website for RingCentral is www.ringcentral.com. The software maker can be reached via phone at (650) 472-4100, via email at [email protected], or via fax at 888-528-7464.

This page (NYSE:RNG) was last updated on 6/28/2022 by MarketBeat.com Staff

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