RingCentral, Inc. provides software-as-a-service solutions for business communications and collaboration primarily in the United States. The company's products include RingCentral Office, a multi-tenant, multi-location, and enterprise-grade communications and collaboration solution that enables employees to communicate through voice, text, team messaging and collaboration, and HD video and Web conferencing through smartphones, tablets, PCs, and desk phones for businesses, which require a communications solution; RingCentral Professional, an inbound call routing subscription with additional text and fax capabilities primarily for smaller businesses; and RingCentral Fax solution that offers Internet fax capabilities, which allow businesses to send and receive fax documents without the need for a fax machine. Its products also comprise RingCentral Contact Center that provides a cloud based contact center solution, which delivers omni-channel capabilities; 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. RingCentral, Inc. 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. The company sells its products through a network of direct sales representatives, as well as sales agents and channel partners. RingCentral, Inc. was founded in 1999 and is headquartered in Belmont, California.
Industry, Sector and Symbol
Industry Data processing & preparation
Sub-IndustryN/A
SectorComputer and Technology
SymbolNYSE:RNG
CUSIPN/A
Phone650-472-4100
Debt
Debt-to-Equity Ratio1.29
Current Ratio4.71
Quick Ratio4.71
Price-To-Earnings
Trailing P/E Ratio-220.29
Forward P/E Ratio-385.50
P/E GrowthN/A
Sales & Book Value
Annual Sales$501.53 million
Price / Sales12.10
Cash FlowN/A
Price / CashN/A
Book Value$2.21 per share
Price / Book34.89
Profitability
EPS (Most Recent Fiscal Year)($0.35)
Net Income$-26,140,000.00
Net Margins-3.99%
Return on Equity-9.90%
Return on Assets-4.62%
Miscellaneous
Employees1,352
Outstanding Shares78,710,000
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 has initiated a share repurchase plan on Thursday, March 1st 2018, which authorizes the company to repurchase $35,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase shares of its stock through a private placement purchase. Stock repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.
How were RingCentral's earnings last quarter?
RingCentral Inc (NYSE:RNG) announced its quarterly earnings data on Wednesday, May, 9th. The software maker reported $0.16 EPS for the quarter, topping the consensus estimate of $0.12 by $0.04. The software maker earned $150 million during the quarter, compared to the consensus estimate of $145.41 million. RingCentral had a negative return on equity of 9.90% and a negative net margin of 3.99%. The company's quarterly revenue was up 33.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.03 EPS. View RingCentral's Earnings History.
When is RingCentral's next earnings date?
What guidance has RingCentral issued on next quarter's earnings?
RingCentral issued an update on its FY18 earnings guidance on Wednesday, May, 9th. The company provided earnings per share guidance of $0.61-0.65 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.58. The company issued revenue guidance of $638-647 million, compared to the consensus revenue estimate of $633.64 million.RingCentral also updated its Q2 guidance to $0.14-0.16 EPS.
What price target have analysts set for RNG?
12 Wall Street analysts have issued 1-year price objectives for RingCentral's stock. Their predictions range from $40.00 to $92.00. On average, they expect RingCentral's share price to reach $66.5833 in the next twelve months. View Analyst Ratings for RingCentral.
Who are some of RingCentral's key competitors?
Some companies that are related to RingCentral include DXC Technology (DXC), Verisk Analytics (VRSK), Autohome (ATHM), YY (YY), Proofpoint (PFPT), Zendesk (ZEN), Bilibili (BILI), DST Systems (DST), Pegasystems (PEGA), Corelogic (CLGX), CarGurus (CARG), Zynga (ZNGA), PagSeguro Digital (PAGS), Smartsheet (SMAR) and Acxiom (ACXM).
Who are RingCentral's key executives?
RingCentral's management team includes the folowing people:
- Mr. Vladimir G. Shmunis, Co-Founder, Chairman & CEO (Age 57)
- Mr. Mitesh Dhruv CFA, Chief Financial Officer (Age 40)
- Mr. David D. Sipes, Chief Operating Officer (Age 51)
- Mr. John H. Marlow, Chief Admin. Officer, Gen. Counsel & Sr. VP of Corp. Devel. (Age 49)
- Mr. Praful K. Shah, Chief Strategy Officer (Age 62)
Has RingCentral been receiving favorable news coverage?
News stories about RNG stock have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. RingCentral earned a daily sentiment score of 0.18 on Accern's scale. They also gave news stories about the software maker an impact score of 47.89 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.
Who are RingCentral's major shareholders?
RingCentral's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (5.92%), Victory Capital Management Inc. (2.11%), Whale Rock Capital Management LLC (1.82%), Alkeon Capital Management LLC (1.23%), JPMorgan Chase & Co. (1.03%) and Northern Trust Corp (1.01%). Company insiders that own RingCentral stock include Clyde Hosein, David Sipes, John H Marlow, Kira Makagon, Mckenna Michelle, Mitesh Dhruv, Praful Shah, R Neil Williams 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 BlackRock Inc., Vaughan Nelson Investment Management L.P., The Manufacturers Life Insurance Company , Victory Capital Management Inc., Massachusetts Financial Services Co. MA, Russell Investments Group Ltd., Lord Abbett & CO. LLC and Wells Fargo & Company MN. Company insiders that have sold RingCentral company stock in the last year include David Sipes, John H Marlow, Mckenna Michelle, Mitesh Dhruv, Praful Shah, R Neil Williams and Vladimir Shmunis. View Insider Buying and Selling for RingCentral.
Which major investors are buying RingCentral stock?
RNG stock was bought by a variety of institutional investors in the last quarter, including Alkeon Capital Management LLC, Whale Rock Capital Management LLC, Allianz Asset Management GmbH, Allianz Asset Management GmbH, Millennium Management LLC, OZ Management LP, Dimensional Fund Advisors LP and Federated Investors Inc. PA. 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, Scottrade, Fidelity and Charles Schwab.
What is RingCentral's stock price today?
One share of RNG stock can currently be purchased for approximately $77.10.
How big of a company is RingCentral?
RingCentral has a market capitalization of $6.32 billion and generates $501.53 million in revenue each year. The software maker earns $-26,140,000.00 in net income (profit) each year or ($0.35) on an earnings per share basis. RingCentral employs 1,352 workers across the globe.
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 (RNG)
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.
