NYSE:RNG - RingCentral Stock Price, News, & Analysis

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$105.22 +0.55 (+0.53 %)
(As of 02/19/2019 09:48 AM ET)
Previous Close$104.67
Today's Range$103.99 - $105.67
52-Week Range$60.85 - $109.84
Volume56,889 shs
Average Volume825,952 shs
Market Capitalization$8.45 billion
P/E Ratio-2,630.50
Dividend YieldN/A
Beta0.99
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.

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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
Book Value$2.21 per share

Profitability

Net Income$-26,140,000.00

Miscellaneous

Employees1,352
Market Cap$8.45 billion
OptionableOptionable

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 declared that its Board of Directors has authorized a stock buyback plan on Thursday, March 1st 2018, which permits the company to buyback $35,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through a private placement purchase. Shares buyback plans are typically a sign that the company's leadership believes its stock is undervalued.

How were RingCentral's earnings last quarter?

RingCentral Inc (NYSE:RNG) released its earnings results on Monday, February, 11th. The software maker reported $0.01 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.04) by $0.05. The software maker had revenue of $188.62 million for the quarter, compared to analysts' expectations of $180.91 million. RingCentral had a negative return on equity of 0.71% and a negative net margin of 3.89%. View RingCentral's Earnings History.

When is RingCentral's next earnings date?

RingCentral is scheduled to release their next quarterly earnings announcement on Wednesday, May 8th 2019. View Earnings Estimates for RingCentral.

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

RingCentral issued an update on its first quarter 2019 earnings guidance on Monday, February, 11th. The company provided earnings per share guidance of $0.14-0.16 for the period, compared to the Thomson Reuters consensus estimate of $0.15. The company issued revenue guidance of $191.5-194.5 million, compared to the consensus revenue estimate of $188.93 million.RingCentral also updated its FY 2019 guidance to $0.69-0.73 EPS.

What price target have analysts set for RNG?

14 equities research analysts have issued 1 year price objectives for RingCentral's shares. Their forecasts range from $90.00 to $120.00. On average, they anticipate RingCentral's share price to reach $108.5385 in the next year. This suggests a possible upside of 2.8% from the stock's current price. View Analyst Price Targets for RingCentral.

What is the consensus analysts' recommendation for RingCentral?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for RingCentral in the last year. There are currently 3 hold ratings, 10 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for RingCentral.

Has RingCentral been receiving favorable news coverage?

News stories about RNG stock have been trending positive recently, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. RingCentral earned a media sentiment score of 2.3 on InfoTrie's scale. They also gave news stories about the software maker a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the near term.

Who are some of RingCentral's key competitors?

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 variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (4.65%), Whale Rock Capital Management LLC (1.91%), Victory Capital Management Inc. (1.77%), Columbus Circle Investors (1.22%), Lord Abbett & CO. LLC (1.21%) and Millennium Management LLC (1.03%). 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 institutional investors are selling RingCentral stock?

RNG stock was sold by a variety of institutional investors in the last quarter, including Two Sigma Investments LP, First Trust Advisors LP, Victory Capital Management Inc., Chicago Equity Partners LLC, Two Sigma Advisers LP, Castleark Management LLC, Weiss Multi Strategy Advisers LLC and BlackRock Inc.. Company insiders that have sold RingCentral company stock in the last year include David Sipes, John H Marlow, Mckenna Michelle, Mitesh Dhruv, Praful Shah and Vladimir Shmunis. View Insider Buying and Selling for RingCentral.

Which institutional investors are buying RingCentral stock?

RNG stock was bought by a variety of institutional investors in the last quarter, including Macquarie Group Ltd., Polar Capital LLP, Columbus Circle Investors, Canada Pension Plan Investment Board, Summit Partners Public Asset Management LLC, Lord Abbett & CO. LLC, Raymond James Financial Services Advisors Inc. and Whale Rock Capital Management 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, Scottrade, Fidelity and Charles Schwab.

What is RingCentral's stock price today?

One share of RNG stock can currently be purchased for approximately $105.61.

How big of a company is RingCentral?

RingCentral has a market capitalization of $8.48 billion and generates $673.62 million in revenue each year. The software maker earns $-26,140,000.00 in net income (profit) each year or ($0.04) on an earnings per share basis. RingCentral employs 1,352 workers across the globe.

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:  479 (Vote Outperform)
Underperform Votes:  272 (Vote Underperform)
Total Votes:  751
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 2/19/2019 by MarketBeat.com Staff

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