RingCentral (RNG) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $34.92 to $37.09
• 50-Day Range: $29.85 to $38.79
• 52-Week Range: $26.98 to $40.98
• Volume: 1.33 million shs
• Average Volume: 1.31 million shs
• Market Capitalization: $3.34 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $40.73
• Consensus Rating: Moderate Buy

RingCentral Stock Analysis - MarketRank™

RingCentral scored higher than 95% of companies evaluated by MarketBeat, and ranked 62nd out of 648 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

RingCentral has received a consensus rating of Moderate Buy. The company's average rating score is 2.53, and is based on 6 buy ratings, 8 hold ratings, and no sell ratings.

Amount of Analyst Coverage

RingCentral has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 46.43%

Earnings Growth

Earnings for RingCentral are expected to grow by 46.43% in the coming year, from $0.84 to $1.23 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of RingCentral is -34.82, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of RingCentral is -34.82, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

RingCentral has a PEG Ratio of 2.21. PEG Ratios above 1 indicate that a company could be overvalued.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

6.42% of the float of RingCentral has been sold short.

Short Interest Ratio / Days to Cover

RingCentral has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in RingCentral has recently decreased by 0.19%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

RingCentral does not currently pay a dividend.

Dividend Growth

RingCentral does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 4.2 / 5
• Environmental Score: -0.14

Percentage of Shares Shorted

6.42% of the float of RingCentral has been sold short.

Short Interest Ratio / Days to Cover

RingCentral has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in RingCentral has recently decreased by 0.19%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.8 / 5
• News Sentiment: 0.85

News Sentiment

RingCentral has a news sentiment score of 0.85. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.62 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 17 news articles for RingCentral this week, compared to 6 articles on an average week.

Search Interest

7 people have searched for RNG on MarketBeat in the last 30 days. This is an increase of 75% compared to the previous 30 days.

MarketBeat Follows

1 people have added RingCentral to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, RingCentral insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,632,417.00 in company stock.

Percentage Held by Insiders

Only 6.76% of the stock of RingCentral is held by insiders.

Percentage Held by Institutions

98.61% of the stock of RingCentral is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

RNG Stock Analysis - Frequently Asked Questions

How have RNG shares performed this year?

RingCentral's stock was trading at $33.95 at the beginning of 2024. Since then, RNG stock has increased by 8.7% and is now trading at $36.91.
View the best growth stocks for 2024 here.

How were RingCentral's earnings last quarter?

RingCentral, Inc. (NYSE:RNG) announced its earnings results on Thursday, November, 7th. The software maker reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.10. The software maker had revenue of $608.77 million for the quarter, compared to analyst estimates of $601.91 million. RingCentral had a negative trailing twelve-month return on equity of 2.55% and a negative net margin of 4.17%.

Does RingCentral have any subsidiaries?

RingCentral subsidiaries include these companies: Kindite, DeepAffects, Connect First Inc., Dimelo SA, Glip Inc., RCLEC Inc., RCVA Inc., and others.

Who are RingCentral's major shareholders?

RingCentral's top institutional shareholders include Groupama Asset Managment (3.92%), Pacer Advisors Inc. (2.87%), Geode Capital Management LLC (1.41%) and Maple Rock Capital Partners Inc. (1.08%). Insiders that own company stock include Vladimir Shmunis, Sonalee Elizabeth Parekh, John H Marlow, 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), Salesforce (CRM), Meta Platforms (META), Humana (HUM), American Water Works (AWK), Waste Connections (WCN) and Voyager Therapeutics (VYGR).

Company Calendar

• Last Earnings: 11/07/2024
• Today: 11/24/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/18/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Data processing & preparation
• Sub-Industry: Business Services
• Current Symbol: NYSE:RNG
• CUSIP: N/A
• CIK: 1384905
• Web: www.ringcentral.com
• Phone: (650) 472-4100
• Fax: 888-528-7464
• Employees: 4,084
• Year Founded: 1999

Price Target and Rating

• Average Stock Price Target: $40.73
• High Stock Price Target: $50.00
• Low Stock Price Target: $32.00
• Potential Upside/Downside: +10.4%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.53
• Research Coverage: 15 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.06)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 43.94
• P/E Growth: 2.21
• Net Income: $-165,240,000.00
• Net Margins: -4.17%
• Pretax Margin: -3.98%
• Return on Equity: -2.55%
• Return on Assets: 0.72%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.12
• Quick Ratio: 1.12

Sales & Book Value

• Annual Sales: $2.20 billion
• Price / Sales: 1.52
• Cash Flow: $2.87 per share
• Price / Cash Flow: 12.88
• Book Value: ($6.03) per share
• Price / Book: -6.12

Miscellaneous

• Outstanding Shares: 90,430,000
• Free Float: 84,318,000
• Market Cap: $3.34 billion
• Optionable: Optionable
• Beta: 0.99