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NYSE:RNG

RingCentral Stock Forecast, Price & News

$329.18
+23.33 (+7.63 %)
(As of 12/2/2020 04:51 PM ET)
Add
Compare
Today's Range
$305.94
Now: $329.18
$329.95
50-Day Range
$257.01
MA: $284.21
$304.65
52-Week Range
$134.85
Now: $329.18
$329.95
Volume2.28 million shs
Average Volume1.23 million shs
Market Capitalization$29.51 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.
RingCentral logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.5Community Rank: 3.3Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.29 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$1.02 per share
Book Value$8.58 per share

Profitability

Net Income$-53,610,000.00

Miscellaneous

Market Cap$29.51 billion
Next Earnings Date2/8/2021 (Estimated)
OptionableOptionable
$329.18
+23.33 (+7.63 %)
(As of 12/2/2020 04:51 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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RingCentral (NYSE:RNG) Frequently Asked Questions

How has RingCentral's stock price been impacted by Coronavirus (COVID-19)?

RingCentral's stock was trading at $199.34 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, RNG stock has increased by 63.8% and is now trading at $326.50.
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
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than RingCentral?

Wall Street analysts have given RingCentral a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but RingCentral wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is RingCentral's next earnings date?

RingCentral is scheduled to release its next quarterly earnings announcement on Monday, February 8th 2021.
View our earnings forecast for RingCentral
.

How were RingCentral's earnings last quarter?

RingCentral, Inc. (NYSE:RNG) posted its quarterly earnings data on Monday, November, 9th. The software maker reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. The software maker had revenue of $303.60 million for the quarter, compared to analyst estimates of $273.34 million. RingCentral had a negative net margin of 9.52% and a negative return on equity of 9.06%. RingCentral's revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.22 EPS.
View RingCentral's earnings history
.

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

RingCentral issued an update on its fourth quarter earnings guidance on Monday, November, 9th. The company provided earnings per share guidance of $0.26-0.27 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.26. The company issued revenue guidance of $290.5-292.5 million, compared to the consensus revenue estimate of $292.03 million.

What price target have analysts set for RNG?

27 analysts have issued 1-year price targets for RingCentral's stock. Their forecasts range from $194.00 to $375.00. On average, they expect RingCentral's share price to reach $306.69 in the next twelve months. This suggests that the stock has a possible downside of 6.1%.
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)
  • Mr. Vlad Vendrow, Co-Founder & CTO
  • Mr. Vaibhav Agarwal, VP, Corp. Controller & Chief Accounting Officer (Age 43)
  • Mr. Trevor Schulze, Sr. VP & Chief Information Officer
  • Ryan Goodman, Director of Investor Relations
  • Mr. Amritesh Chaudhuri, Sr. VP of Marketing

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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.35%), Jennison Associates LLC (5.74%), State Street Corp (1.73%), Scge Management L.P. (1.68%), Victory Capital Management Inc. (1.18%) and Massachusetts Financial Services Co. MA (0.59%). 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 State Street Corp, Columbus Circle Investors, Charles Schwab Investment Management Inc., Victory Capital Management Inc., Morgan Stanley, Sei Investments Co., First Trust Advisors LP, and BlackRock Inc.. 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 purchased by a variety of institutional investors in the last quarter, including Great West Life Assurance Co. Can, Scge Management L.P., Jennison Associates LLC, Natixis, Point72 Asset Management L.P., Massachusetts Financial Services Co. MA, William Blair Investment Management LLC, and Blair William & Co. IL.
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 $326.50.

How big of a company is RingCentral?

RingCentral has a market capitalization of $29.26 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 12/2/2020 by MarketBeat.com Staff

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