RingCentral Stock Price, News & Analysis (NYSE:RNG)

$133.56
+0.23 (+0.17 %)
(As of 09/22/2019 04:00 PM ET)
Today's Range
$131.53
Now: $133.56
$134.65
50-Day Range
$124.26
MA: $137.01
$143.53
52-Week Range
$64.41
Now: $133.56
$146.38
Volume605,071 shs
Average Volume696,691 shs
Market Capitalization$11.08 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.87
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. Read More…

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$0.7034 per share
Book Value$3.92 per share

Profitability

Net Income$-26,200,000.00

Miscellaneous

Employees1,871
Market Cap$11.08 billion
Next Earnings Date11/4/2019 (Estimated)
OptionableOptionable

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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 of Directors has authorized a share buyback program on Thursday, March 1st 2018, which allows the company to repurchase $35,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through a private placement purchase. Stock repurchase programs are generally an indication that the company's board believes its shares are undervalued.

How were RingCentral's earnings last quarter?

RingCentral Inc (NYSE:RNG) posted its earnings results on Monday, July, 29th. The software maker reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.16) by $0.13. The software maker had revenue of $215.20 million for the quarter, compared to the consensus estimate of $204.70 million. RingCentral had a negative net margin of 3.95% and a negative return on equity of 1.13%. The business's revenue for the quarter was up 33.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.19 earnings per share. View RingCentral's Earnings History.

When is RingCentral's next earnings date?

RingCentral is scheduled to release their next quarterly earnings announcement on Monday, November 4th 2019. View Earnings Estimates for RingCentral.

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

RingCentral updated its FY19 earnings guidance on Monday, July, 29th. The company provided EPS guidance of $0.77-0.79 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.73. The company issued revenue guidance of $874-877 million, compared to the consensus revenue estimate of $864.20 million.

What price target have analysts set for RNG?

15 equities research analysts have issued 1-year price targets for RingCentral's stock. Their predictions range from $95.00 to $175.00. On average, they expect RingCentral's share price to reach $139.2667 in the next year. This suggests a possible upside of 4.3% 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 2 hold ratings, 12 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for RingCentral.

What are Wall Street analysts saying about RingCentral stock?

Here are some recent quotes from research analysts about RingCentral stock:
  • 1. According to Zacks Investment Research, "RingCentral, Inc. provides solutions for business communications primarily in the United States. The Company's products include RingCentral Office, RingCentral Mobile and RingCentral Fax. It provides solutions such as auto-receptionist, flexible extension structure, multiple voicemail boxes, smart call routing, business answering rules, extension dialing, call transfers and elegant integration with Smartphones. RingCentral, Inc. is headquartered in San Mateo, California. " (7/4/2019)
  • 2. Stephens analysts commented, "We remain Equal-Weight/Vol. on valuation (9.1x CY20 EV/sales vs. CaaS peers at 5.0x), and intensifying vendor competition. KEY Key Metrics Stephens Consensus Actual vs. Street Revenue ($ mil.) 193.3 193.5 201.5 4.1% Subscription Rev. ($ mil.) 176.5 176.8 182.7 3.3% ($ mil.) 205.9 203.1 204.5 0.7% Subscription Rev. ($ mil.) 187.5 185.3 186.5 0.6% ($ mil.) 860.4 854.8 864.0 1.1% Subscription Rev. ($ mil.) 784.4 780.7 788.0 0.9% FactSet Research Systems, Company reports, Stephens Inc." (5/6/2019)

Has RingCentral been receiving favorable news coverage?

News stories about RNG stock have trended somewhat negative recently, InfoTrie Sentiment reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. RingCentral earned a coverage optimism score of -1.3 on InfoTrie's scale. They also assigned headlines about the software maker a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for RingCentral.

Are investors shorting RingCentral?

RingCentral saw a increase in short interest in the month of August. As of August 31st, there was short interest totalling 5,007,200 shares, an increase of 6.4% from the July 31st total of 4,708,200 shares. Based on an average trading volume of 719,600 shares, the days-to-cover ratio is presently 7.0 days. Currently, 7.1% of the shares of the company are short sold. View RingCentral's Current Options Chain.

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 Alibaba Group (BABA), NVIDIA (NVDA), Micron Technology (MU), salesforce.com (CRM), Twilio (TWLO), Advanced Micro Devices (AMD), Netflix (NFLX), Paypal (PYPL), Mastercard (MA) and Square (SQ).

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 a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (7.86%), Victory Capital Management Inc. (2.15%), Nuveen Asset Management LLC (1.01%), Eagle Asset Management Inc. (0.84%), Columbus Circle Investors (0.72%) and D. E. Shaw & Co. Inc. (0.62%). Company insiders that own RingCentral stock include David Sipes, John H Marlow, Mckenna Michelle, Mitesh Dhruv, Praful Shah, 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 Nomura Holdings Inc., Nomura Holdings Inc., Columbus Circle Investors, Bank of New York Mellon Corp, Victory Capital Management Inc., Renaissance Technologies LLC, Jefferies Group LLC and Chartwell Investment Partners LLC. 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, Vaibhav Agarwal and Vladimir Shmunis. View Insider Buying and Selling for RingCentral.

Which institutional investors are buying RingCentral stock?

RNG stock was acquired by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Rathbone Brothers plc, Pictet Asset Management Ltd., Pictet Asset Management Ltd., Point72 Asset Management L.P., Vanguard Group Inc., Marshall Wace LLP and Cubist Systematic Strategies 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, Robinhood, Fidelity and Charles Schwab.

What is RingCentral's stock price today?

One share of RNG stock can currently be purchased for approximately $133.56.

How big of a company is RingCentral?

RingCentral has a market capitalization of $11.08 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.View Additional Information About RingCentral.

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:  601 (Vote Outperform)
Underperform Votes:  344 (Vote Underperform)
Total Votes:  945
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 9/22/2019 by MarketBeat.com Staff

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