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S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
2 Important Retail Stock Battles to Watch
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
Sinema took Wall Street money while killing tax on investors
MarketBeat: Week in Review 8/8 - 8/12
Expanded IRS free-file system one step closer in Dems' bill
US Dollar Replaced By "Biden Bucks"? (Ad)
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
US Dollar Replaced By "Biden Bucks"? (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
2 Important Retail Stock Battles to Watch
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
Sinema took Wall Street money while killing tax on investors
MarketBeat: Week in Review 8/8 - 8/12
Expanded IRS free-file system one step closer in Dems' bill
US Dollar Replaced By "Biden Bucks"? (Ad)
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
US Dollar Replaced By "Biden Bucks"? (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
2 Important Retail Stock Battles to Watch
Tailor an Options Trading Strategy to Fit Your Needs (Ad)pixel
Sinema took Wall Street money while killing tax on investors
MarketBeat: Week in Review 8/8 - 8/12
Expanded IRS free-file system one step closer in Dems' bill
US Dollar Replaced By "Biden Bucks"? (Ad)
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
US Dollar Replaced By "Biden Bucks"? (Ad)
NYSE:RNG

RingCentral - RNG Stock Forecast, Price & News

$53.00
+2.27 (+4.47%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$51.50
$53.88
50-Day Range
$47.75
$62.59
52-Week Range
$47.28
$315.00
Volume
3.20 million shs
Average Volume
2.43 million shs
Market Capitalization
$5.05 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$140.73

RingCentral MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.87 Rating Score
Upside/​Downside
165.5% Upside
$140.73 Price Target
Short Interest
Healthy
7.97% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.14
Upright™ Environmental Score
News Sentiment
0.23mentions of RingCentral in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$2.01 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.42) to ($1.16) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.00 out of 5 stars

Computer And Technology Sector

39th out of 659 stocks

Data Processing & Preparation Industry

3rd out of 72 stocks

RNG stock logo

About RingCentral (NYSE:RNG) Stock

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.

RingCentral Trading Up 4.5 %

NYSE:RNG traded up $2.27 during trading hours on Friday, hitting $53.00. The stock had a trading volume of 3,201,740 shares, compared to its average volume of 2,434,245. RingCentral has a one year low of $47.28 and a one year high of $315.00. The company has a debt-to-equity ratio of 33.52, a quick ratio of 1.25 and a current ratio of 1.19. The company has a market cap of $5.05 billion, a price-to-earnings ratio of -8.62 and a beta of 0.94. The business's 50 day moving average is $53.74 and its 200-day moving average is $91.28.

Wall Street Analyst Weigh In

RNG has been the topic of a number of recent research reports. Morgan Stanley cut their price target on shares of RingCentral from $105.00 to $75.00 and set an "equal weight" rating on the stock in a report on Thursday, July 14th. Oppenheimer upgraded shares of RingCentral from a "market perform" rating to an "outperform" rating and set a $100.00 target price on the stock in a report on Tuesday, May 10th. William Blair reiterated an "outperform" rating on shares of RingCentral in a report on Wednesday, August 3rd. StockNews.com upgraded shares of RingCentral from a "sell" rating to a "hold" rating in a report on Wednesday, May 11th. Finally, UBS Group dropped their target price on shares of RingCentral from $84.00 to $60.00 and set a "neutral" rating on the stock in a report on Wednesday, August 3rd. Five research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $140.73.

Insider Buying and Selling at RingCentral

In other RingCentral news, CFO Vaibhav Agarwal sold 6,325 shares of the company's stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $62.86, for a total value of $397,589.50. Following the completion of the sale, the chief financial officer now owns 74,782 shares of the company's stock, valued at $4,700,796.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Vladimir Shmunis purchased 20,000 shares of RingCentral stock in a transaction dated Tuesday, May 24th. The stock was bought at an average price of $59.52 per share, for a total transaction of $1,190,400.00. Following the completion of the acquisition, the chief executive officer now directly owns 289,379 shares of the company's stock, valued at $17,223,838.08. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Vaibhav Agarwal sold 6,325 shares of the company's stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $62.86, for a total transaction of $397,589.50. Following the completion of the transaction, the chief financial officer now owns 74,782 shares of the company's stock, valued at approximately $4,700,796.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,740 shares of company stock valued at $2,010,500. Corporate insiders own 7.35% of the company's stock.

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RNG Stock News Headlines

RingCentral (NYSE:RNG) Coverage Initiated at MKM Partners
RingCentral (NYSE:RNG) Price Target Cut to $90.00
Mizuho Trims RingCentral (NYSE:RNG) Target Price to $80.00
RingCentral (NYSE:RNG) Price Target Cut to $105.00
UBS Group Lowers RingCentral (NYSE:RNG) Price Target to $60.00
RingCentral (RNG) Q2 2022 Earnings Call Transcript
See More Headlines
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RNG Company Calendar

Last Earnings
11/09/2021
Today
8/13/2022
Next Earnings (Estimated)
11/08/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
N/A
Employees
3,919
Year Founded
1999

Price Target and Rating

Average Stock Price Forecast
$140.73
High Stock Price Forecast
$349.00
Low Stock Price Forecast
$60.00
Forecasted Upside/Downside
+165.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.87
Research Coverage
23 Analysts

Profitability

Net Income
$-376,250,000.00
Pretax Margin
-31.46%

Debt

Sales & Book Value

Annual Sales
$1.59 billion
Cash Flow
$1.03 per share
Book Value
($0.40) per share

Miscellaneous

Free Float
88,313,000
Market Cap
$5.05 billion
Optionable
Optionable
Beta
0.94

Social Links















RNG Stock - Frequently Asked Questions

Should I buy or sell RingCentral stock right now?

23 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for RingCentral in the last twelve months. There are currently 4 hold ratings, 18 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RNG shares.
View RNG analyst ratings
or view top-rated stocks.

What is RingCentral's stock price forecast for 2022?

23 brokerages have issued 12 month target prices for RingCentral's stock. Their RNG share price forecasts range from $60.00 to $349.00. On average, they predict the company's share price to reach $140.73 in the next year. This suggests a possible upside of 165.5% from the stock's current price.
View analysts price targets for RNG
or view top-rated stocks among Wall Street analysts.

How have RNG shares performed in 2022?

RingCentral's stock was trading at $187.35 on January 1st, 2022. Since then, RNG stock has decreased by 71.7% and is now trading at $53.00.
View the best growth stocks for 2022 here
.

When is RingCentral's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our RNG earnings forecast
.

How were RingCentral's earnings last quarter?

RingCentral, Inc. (NYSE:RNG) issued its quarterly earnings results on Tuesday, November, 9th. The software maker reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.59) by $0.95. The software maker earned $414.63 million during the quarter, compared to the consensus estimate of $393.42 million. RingCentral had a negative trailing twelve-month return on equity of 233.94% and a negative net margin of 31.67%. During the same quarter in the previous year, the firm earned ($0.24) EPS.

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

RingCentral issued an update on its third quarter 2022 earnings guidance on Tuesday, August, 9th. The company provided EPS guidance of $0.50-$0.51 for the period, compared to the consensus earnings per share estimate of $0.48. The company issued revenue guidance of $500.00 million-$504.00 million, compared to the consensus revenue estimate of $509.46 million.

What is Vlad Shmunis' approval rating as RingCentral's CEO?

659 employees have rated RingCentral Chief Executive Officer Vlad Shmunis on Glassdoor.com. Vlad Shmunis has an approval rating of 98% among the company'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), Block (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."

Who are RingCentral's major shareholders?

RingCentral's stock is owned by a variety of institutional and retail investors. Top institutional investors include Pictet Asset Management SA (2.70%), Renaissance Technologies LLC (2.38%), abrdn plc (1.03%), Assenagon Asset Management S.A. (0.90%), Eagle Asset Management Inc. (0.76%) and Northern Trust Corp (0.59%). Insiders that own company stock include Allan C Thygesen, Anand Eswaran, David Sipes, Godfrey Sullivan, John H Marlow, John H Marlow, Joseph D Mansueto, Kenneth A Goldman, Mckenna Michelle, Mitesh Dhruv, Mohammed Katibeh, Praful Shah, R Neil Williams, Robert I Theis, Sonalee Elizabeth Parekh, Vaibhav Agarwal and Vladimir Shmunis.
View institutional ownership trends
.

How do I buy shares of RingCentral?

Shares of RNG stock 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 $53.00.

How much money does RingCentral make?

RingCentral (NYSE:RNG) has a market capitalization of $5.05 billion and generates $1.59 billion in revenue each year. The software maker earns $-376,250,000.00 in net income (profit) each year or ($6.15) on an earnings per share basis.

How many employees does RingCentral have?

The company 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 the company 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 8/13/2022 by MarketBeat.com Staff

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