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S&P 500   3,825.33
DOW   31,097.26
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S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
NYSE:RNG

RingCentral Stock Forecast, Price & News

$55.23
+2.97 (+5.68%)
(As of 07/1/2022 12:00 AM ET)
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Today's Range
$51.70
$55.30
50-Day Range
$48.69
$92.43
52-Week Range
$48.53
$315.00
Volume
1.97 million shs
Average Volume
1.56 million shs
Market Capitalization
$5.09 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$172.57

RingCentral Stock Forecast (MarketRank)

Analyst Rating
Moderate Buy
2.90 Rating Score
Upside/​Downside
212.5% Upside
$172.57 Price Target
Short Interest
Bearish
12.79% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.14
Upright™ Environmental Score
News Sentiment
0.54mentions of RingCentral in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$2.84 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.66) to ($1.48) Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.12 out of 5 stars

Computer And Technology Sector

268th out of 936 stocks

Data Processing & Preparation Industry

24th out of 113 stocks

30 days | 90 days | 365 days | Advanced Chart

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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
7/02/2022
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
+212.5%
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
$0.88 per share
Book Value
$3.68 per share

Miscellaneous

Free Float
85,388,000
Market Cap
$5.09 billion
Optionable
Optionable
Beta
0.95

Social Links















RingCentral Frequently Asked Questions

Should I buy or sell RingCentral stock right now?

21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for RingCentral in the last year. There are currently 3 hold ratings, 17 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities 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 brokerages have issued twelve-month price objectives for RingCentral's shares. Their RNG stock forecasts range from $80.00 to $349.00. On average, they expect RingCentral's stock price to reach $172.57 in the next twelve months. This suggests a possible upside of 212.5% 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 price performed in 2022?

RingCentral's stock was trading at $187.35 at the start of the year. Since then, RNG stock has decreased by 70.5% and is now trading at $55.23.
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 results on Monday, May, 9th. The software maker reported ($0.63) earnings per share (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 analysts' expectations of $458.36 million. RingCentral had a negative net margin of 30.82% and a negative trailing twelve-month return on equity of 183.51%. The business's revenue was up 32.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.41) earnings per share.
View RingCentral's earnings history
.

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

RingCentral updated 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 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."

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 $55.23.

How much money does RingCentral make?

RingCentral (NYSE:RNG) has a market capitalization of $5.09 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..
Read More

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 ir@ringcentral.com, or via fax at 888-528-7464.

This page (NYSE:RNG) was last updated on 7/2/2022 by MarketBeat.com Staff

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