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NYSE:RNG

RingCentral (RNG) Stock Price, News & Analysis

$28.06
-0.94 (-3.24%)
(As of 09/6/2024 ET)
Today's Range
$28.06
$29.58
50-Day Range
$27.81
$35.19
52-Week Range
$25.08
$38.35
Volume
1.62 million shs
Average Volume
1.19 million shs
Market Capitalization
$2.59 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$40.07

RingCentral MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
42.8% Upside
$40.07 Price Target
Short Interest
Bearish
6.80% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.14
Upright™ Environmental Score
News Sentiment
0.39mentions of RingCentral in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$3.38 M Sold Last Quarter
Proj. Earnings Growth
87.30%
From $0.63 to $1.18 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.73 out of 5 stars

Computer And Technology Sector

68th out of 594 stocks

Data Processing & Preparation Industry

5th out of 56 stocks

RNG stock logo

About RingCentral Stock (NYSE:RNG)

RingCentral, Inc., together with its subsidiaries, provides cloud communications, video meetings, collaboration, and contact center software-as-a-service solutions worldwide. The company's products include RingCentral Message Video Phone that provides a unified experience for communication and collaboration across multiple modes, including HD voice, video, SMS, messaging and collaboration, conferencing, online meetings, and fax; RingCentral Contact Center, a collaborative contact center solution that delivers AI-powered omnichannel and workforce engagement solutions with integrated RingCentral MVP; and RingCX, an AI-powered contact center that a native delivers omnichannel experience. It provides RingCentral Video, a video meeting service that includes the company's RCV video and team messaging capabilities; offers video and audio conferencing, team messaging, file sharing, contact, task, and calendar management, as well as pre-meeting, in-meeting, and post-meeting capabilities. In addition, the company offers RingCentral Professional Services, which include consultation, UCaaS and CCaaS implementation, VoIP phone system adoption, configuring custom workflows, customer and user onboarding, ongoing support, advanced support, managed services, and more. It serves a range of industries, including financial services, education, healthcare, legal services, real estate, retail, technology, insurance, construction, hospitality, state and local government, and others. It sells its products to enterprise customers, as well as small and medium-sized businesses through resellers and distributors, partners, and global service providers. RingCentral, Inc. was incorporated in 1999 and is headquartered in Belmont, California.

RNG Stock Price History

RNG Stock News Headlines

China Stockpiling Gold “Like No Tomorrow”
For 18 consecutive months, China’s central bank has increased its gold reserve. The country, with a population of over 1.4 BILLION is “buying gold like there’s no tomorrow,” according to The New York Times. China, a rising global economic threat, aims to reduce its dependence on the US dollar… .
RingCentral CFO Sonalee Parekh Resigns
RingCentral Announces CFO Transition
China Stockpiling Gold “Like No Tomorrow”
For 18 consecutive months, China’s central bank has increased its gold reserve. The country, with a population of over 1.4 BILLION is “buying gold like there’s no tomorrow,” according to The New York Times. China, a rising global economic threat, aims to reduce its dependence on the US dollar… .
RNG Aug 2024 37.000 call
See More Headlines
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Company Calendar

Last Earnings
8/01/2024
Today
9/07/2024
Next Earnings (Estimated)
11/04/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
Business Services
Employees
4,084
Year Founded
1999

Price Target and Rating

Average Stock Price Target
$40.07
High Stock Price Target
$50.00
Low Stock Price Target
$31.00
Potential Upside/Downside
+42.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
16 Analysts

Profitability

Net Income
$-165,240,000.00
Pretax Margin
-5.54%

Debt

Sales & Book Value

Annual Sales
$2.20 billion
Cash Flow
$2.28 per share
Book Value
($5.38) per share

Miscellaneous

Free Float
85,943,000
Market Cap
$2.58 billion
Optionable
Optionable
Beta
1.03

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RNG Stock Analysis - Frequently Asked Questions

How have RNG shares performed this year?

RingCentral's stock was trading at $33.95 on January 1st, 2024. Since then, RNG shares have decreased by 17.3% and is now trading at $28.06.
View the best growth stocks for 2024 here
.

How were RingCentral's earnings last quarter?

RingCentral, Inc. (NYSE:RNG) issued its quarterly earnings results on Thursday, August, 1st. The software maker reported $0.91 EPS for the quarter, beating the consensus estimate of $0.88 by $0.03. The company's revenue for the quarter was up 9.9% compared to the same quarter last year.

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.

Does RingCentral have any subsidiaries?

The following companies are subsidiaries of RingCentral: Kindite, DeepAffects, Connect First Inc., Dimelo SA, Glip Inc., RCLEC Inc., RCVA Inc., and others.

Who are RingCentral's major shareholders?

Top institutional investors of RingCentral include Pacer Advisors Inc. (1.97%), Renaissance Technologies LLC (1.74%), AQR Capital Management LLC (0.96%) and Bank of New York Mellon Corp (0.66%). Insiders that own company stock include Vladimir Shmunis, John H Marlow, Sonalee Elizabeth Parekh, Mohammed Katibeh, Vaibhav Agarwal, Kenneth A Goldman, Mitesh Dhruv and Anand Eswaran.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of RingCentral own?

Based on aggregate information from My MarketBeat watchlists, some other companies that RingCentral investors own include NVIDIA (NVDA), Alibaba Group (BABA), Salesforce (CRM), Block (SQ), PayPal (PYPL), Advanced Micro Devices (AMD) and DocuSign (DOCU).

This page (NYSE:RNG) was last updated on 9/7/2024 by MarketBeat.com Staff

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