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NYSE:RNG

RingCentral Stock Forecast, Price & News

$267.40
+9.54 (+3.70 %)
(As of 09/21/2020 12:00 AM ET)
Add
Compare
Today's Range
$252.13
Now: $267.40
$267.87
50-Day Range
$251.86
MA: $280.43
$310.20
52-Week Range
$120.03
Now: $267.40
$317.84
Volume1.12 million shs
Average Volume1.30 million shs
Market Capitalization$23.79 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.48
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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RingCentral logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 3.3Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.56 out of 5 stars


Industry, Sector and Symbol

Industry Data processing & preparation
Sub-IndustryN/A
CUSIPN/A
Phone650-472-4100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$902.86 million
Cash Flow$0.92 per share
Book Value$8.58 per share

Profitability

Net Income$-53,610,000.00

Miscellaneous

Employees2,363
Market Cap$23.79 billion
Next Earnings Date11/2/2020 (Estimated)
OptionableOptionable
$267.40
+9.54 (+3.70 %)
(As of 09/21/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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RingCentral (NYSE:RNG) Frequently Asked Questions

How has RingCentral's stock been impacted by Coronavirus?

RingCentral's stock was trading at $199.34 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, RNG shares have increased by 34.1% and is now trading at $267.40.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of RingCentral?

26 Wall Street analysts have issued "buy," "hold," and "sell" ratings for RingCentral in the last year. There are currently 1 hold rating, 24 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for RingCentral
.

When is RingCentral's next earnings date?

RingCentral is scheduled to release its next quarterly earnings announcement on Monday, November 2nd 2020.
View our earnings forecast for RingCentral
.

How were RingCentral's earnings last quarter?

RingCentral Inc (NYSE:RNG) posted its quarterly earnings data on Monday, August, 3rd. The software maker reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.04. The software maker earned $277.90 million during the quarter, compared to analysts' expectations of $262.98 million. RingCentral had a negative return on equity of 9.06% and a negative net margin of 9.52%. The business's revenue was up 29.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.21 EPS.
View RingCentral's earnings history
.

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

RingCentral updated its FY20 earnings guidance on Monday, August, 3rd. The company provided earnings per share (EPS) guidance of $0.92-0.94 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.92. The company issued revenue guidance of $1.135-1.143 billion, compared to the consensus revenue estimate of $1.08 billion.

What price target have analysts set for RNG?

26 brokerages have issued twelve-month price targets for RingCentral's shares. Their forecasts range from $194.00 to $375.00. On average, they anticipate RingCentral's share price to reach $304.16 in the next twelve months. This suggests a possible upside of 13.7% from the stock's current price.
View analysts' price targets for RingCentral
.

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), Netflix (NFLX), Docusign (DOCU), Shopify (SHOP) and ServiceNow (NOW).

Who are RingCentral's key executives?

RingCentral's management team includes the following 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)

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 investors include Vanguard Group Inc. (8.31%), Jennison Associates LLC (5.67%), Victory Capital Management Inc. (1.37%), Gilder Gagnon Howe & Co. LLC (1.20%), FIL Ltd (0.53%) and Nuveen Asset Management LLC (0.51%). Company insiders that own RingCentral stock include 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 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, Victory Capital Management Inc., FIL Ltd, Federated Hermes Inc., Two Sigma Advisers LP, Gilder Gagnon Howe & Co. LLC, First Trust Advisors LP, and Columbus Circle Investors. Company insiders that have sold RingCentral company stock in the last year include 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 insider buying and selling activity for RingCentral
.

Which major investors are buying RingCentral stock?

RNG stock was bought by a variety of institutional investors in the last quarter, including Jennison Associates LLC, Alyeska Investment Group L.P., Holocene Advisors LP, Marshall Wace North America L.P., Mn Services Vermogensbeheer B.V., Bank of Montreal Can, Point72 Asset Management L.P., and Bamco Inc. NY.
View insider buying and selling activity 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 $267.40.

How big of a company is RingCentral?

RingCentral has a market capitalization of $23.79 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. RingCentral employs 2,363 workers across the globe.

What is RingCentral's official website?

The official website for RingCentral is 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]

This page was last updated on 9/21/2020 by MarketBeat.com Staff

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