RingCentral - RNG Stock Forecast, Price & News

23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for RingCentral in the last twelve months. There are currently 6 hold ratings, 16 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" RNG shares.
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23 equities research analysts have issued 12-month price targets for RingCentral's stock. Their RNG share price forecasts range from $39.00 to $295.00. On average, they expect the company's stock price to reach $83.87 in the next year. This suggests a possible upside of 130.5% from the stock's current price.
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RingCentral's stock was trading at $187.35 at the start of the year. Since then, RNG shares have decreased by 80.6% and is now trading at $36.39.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
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RingCentral, Inc. (NYSE:RNG) released its earnings results on Tuesday, November, 9th. The software maker reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.59) by $0.95. The software maker had revenue of $414.63 million for the quarter, compared to analysts' expectations of $393.42 million. RingCentral had a negative trailing twelve-month return on equity of 765.97% and a negative net margin of 37.31%. During the same period last year, the business earned ($0.24) earnings per share.

RingCentral issued an update on its fourth quarter 2022 earnings guidance on Friday, December, 9th. The company provided EPS guidance of $0.59-$0.60 for the period, compared to the consensus EPS 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 a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.37%), Pictet Asset Management SA (3.46%), Tiger Global Management LLC (2.61%), Renaissance Technologies LLC (2.12%), First Trust Advisors LP (1.63%) and Citadel Advisors LLC (0.00%). Insiders that own company 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.
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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 $36.39.

RingCentral (NYSE:RNG) has a market capitalization of $3.49 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.