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NYSE:RNG

RingCentral Stock Forecast, Price & News

$261.06
-5.00 (-1.88 %)
(As of 10/30/2020 09:57 AM ET)
Add
Compare
Today's Range
$261.02
Now: $261.06
$267.14
50-Day Range
$251.86
MA: $273.61
$294.74
52-Week Range
$134.85
Now: $261.06
$317.84
Volume2,449 shs
Average Volume1.23 million shs
Market Capitalization$23.22 billion
P/E RatioN/A
Dividend YieldN/A
Beta0.53
RingCentral, Inc. provides software-as-a-service solutions that enable businesses to communicate, collaborate, and connect in North America. The company's 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 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. Its products also comprise RingCentral Contact Center, a collaborative contact center solution that delivers omni-channel; 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; and RingCentral Meetings, a collaborative meetings solution that offers web meetings, video conferencing, and screen sharing. In addition, the company offers RingCentral Engage Digital, a digital customer engagement platform that allows enterprises to interact with their customers; RingCentral Engage Voice, a cloud-based outbound/blended customer engagement platform for midsize and enterprise companies; and RingCentral Live Reports, an add-on for RingCentral Office customers to gather real-time information. 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 a strategic partnership with Alcatel-Lucent Enterprise to offers Rainbow Office, a cloud solution. 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
Employees2,363

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$902.86 million
Cash Flow$0.81 per share
Book Value$8.58 per share

Profitability

Net Income$-53,610,000.00

Miscellaneous

Market Cap$23.22 billion
Next Earnings Date11/9/2020 (Confirmed)
OptionableOptionable
$261.06
-5.00 (-1.88 %)
(As of 10/30/2020 09:57 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. Since then, RNG shares have increased by 33.5% and is now trading at $266.06.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of RingCentral?

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for RingCentral in the last year. There are currently 1 hold rating and 26 buy ratings 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 9th 2020.
View our earnings forecast for RingCentral
.

How can I listen to RingCentral's earnings call?

RingCentral will be holding an earnings conference call on Monday, November 9th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.20 by $0.04. The software maker earned $277.90 million during the quarter, compared to analyst estimates of $262.98 million. RingCentral had a negative return on equity of 9.06% and a negative net margin of 9.52%. The company's revenue was up 29.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.21 earnings per share.
View RingCentral's earnings history
.

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

RingCentral issued an update on its FY20 earnings guidance on Monday, August, 3rd. The company provided EPS guidance of $0.92-0.94 for the period, compared to the Thomson Reuters consensus 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?

27 brokers have issued 12 month price objectives for RingCentral's shares. Their forecasts range from $194.00 to $375.00. On average, they anticipate RingCentral's stock price to reach $306.69 in the next year. This suggests a possible upside of 15.3% 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), Docusign (DOCU), Netflix (NFLX), Shopify (SHOP) and ServiceNow (NOW).

Who are RingCentral's key executives?

RingCentral's management team includes the following people:
  • Mr. Vladimir G. Shmunis, Founder, Chairman & CEO (Age 59, Pay $1.15M)
  • Mr. Mitesh Dhruv CFA, Chief Financial Officer (Age 42, Pay $1.24M)
  • Mr. John H. Marlow, Chief Admin. Officer, Sr. VP of Corp. Devel., Gen. Counsel & Sec. (Age 51, Pay $807k)
  • Mr. Praful K. Shah, Chief Strategy Officer (Age 64, Pay $827.57k)
  • Mr. Anand Eswaran, Pres & COO (Age 46)

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 a number of institutional and retail investors. Top institutional investors include Columbus Circle Investors (0.07%), Zweig DiMenna Associates LLC (0.07%), Braun Stacey Associates Inc. (0.07%), State of New Jersey Common Pension Fund D (0.05%), Assenagon Asset Management S.A. (0.03%) and KBC Group NV (0.03%). 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 Columbus Circle Investors, British Airways Pensions Investment Management Ltd, Darwin Advisors LLC, Scott & Selber Inc., Braun Stacey Associates Inc., Robeco Institutional Asset Management B.V., Avitas Wealth Management LLC, and Standard Life Aberdeen plc. 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 acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Envestnet Asset Management Inc., OLD National Bancorp IN, Great Valley Advisor Group Inc., Sumitomo Mitsui DS Asset Management Company Ltd, Exane Derivatives, Exane Derivatives, and Jackson Wealth Management LLC.
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 $266.06.

How big of a company is RingCentral?

RingCentral has a market capitalization of $23.67 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 10/30/2020 by MarketBeat.com Staff

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