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RingCentral (RNG) Competitors

RingCentral logo
$35.02 -0.54 (-1.52%)
(As of 11/20/2024 ET)

RNG vs. ALLE, WPP, CART, ULS, MEDP, STN, GLOB, HQY, BILI, and LYFT

Should you be buying RingCentral stock or one of its competitors? The main competitors of RingCentral include Allegion (ALLE), WPP (WPP), Maplebear (CART), UL Solutions (ULS), Medpace (MEDP), Stantec (STN), Globant (GLOB), HealthEquity (HQY), Bilibili (BILI), and Lyft (LYFT). These companies are all part of the "business services" industry.

RingCentral vs.

Allegion (NYSE:ALLE) and RingCentral (NYSE:RNG) are both industrial products companies, but which is the better investment? We will contrast the two companies based on the strength of their earnings, dividends, media sentiment, risk, valuation, profitability, community ranking, analyst recommendations and institutional ownership.

RingCentral received 489 more outperform votes than Allegion when rated by MarketBeat users. Likewise, 73.00% of users gave RingCentral an outperform vote while only 58.43% of users gave Allegion an outperform vote.

CompanyUnderperformOutperform
AllegionOutperform Votes
433
58.43%
Underperform Votes
308
41.57%
RingCentralOutperform Votes
922
73.00%
Underperform Votes
341
27.00%

In the previous week, Allegion had 9 more articles in the media than RingCentral. MarketBeat recorded 12 mentions for Allegion and 3 mentions for RingCentral. Allegion's average media sentiment score of 0.81 beat RingCentral's score of 0.78 indicating that Allegion is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Allegion
6 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
RingCentral
2 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Allegion has higher revenue and earnings than RingCentral. RingCentral is trading at a lower price-to-earnings ratio than Allegion, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Allegion$3.65B3.32$540.40M$6.5121.42
RingCentral$2.20B1.44-$165.24M-$1.06-33.04

Allegion currently has a consensus target price of $144.60, indicating a potential upside of 3.71%. RingCentral has a consensus target price of $40.73, indicating a potential upside of 16.31%. Given RingCentral's stronger consensus rating and higher possible upside, analysts clearly believe RingCentral is more favorable than Allegion.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Allegion
1 Sell rating(s)
4 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
1.80
RingCentral
0 Sell rating(s)
8 Hold rating(s)
6 Buy rating(s)
1 Strong Buy rating(s)
2.53

92.2% of Allegion shares are owned by institutional investors. Comparatively, 98.6% of RingCentral shares are owned by institutional investors. 0.3% of Allegion shares are owned by company insiders. Comparatively, 6.8% of RingCentral shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Allegion has a net margin of 15.36% compared to RingCentral's net margin of -4.17%. Allegion's return on equity of 45.64% beat RingCentral's return on equity.

Company Net Margins Return on Equity Return on Assets
Allegion15.36% 45.64% 14.09%
RingCentral -4.17%-2.55%0.72%

Allegion has a beta of 1.11, suggesting that its stock price is 11% more volatile than the S&P 500. Comparatively, RingCentral has a beta of 0.99, suggesting that its stock price is 1% less volatile than the S&P 500.

Summary

Allegion beats RingCentral on 11 of the 19 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding {thisCompany.Symbol} and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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RNG vs. The Competition

MetricRingCentralData processing & preparation IndustryComputer SectorNYSE Exchange
Market Cap$3.22B$4.34B$23.65B$19.85B
Dividend YieldN/A3.08%2.77%3.52%
P/E Ratio-33.0434.46268.7342.73
Price / Sales1.445.193,389.6719.27
Price / Cash13.1330.1632.4517.86
Price / Book-5.816.177.365.52
Net Income-$165.24M$42.17M$660.95M$986.45M
7 Day Performance-4.68%-1.55%0.23%0.45%
1 Month Performance2.67%3.18%0.81%1.05%
1 Year Performance21.56%7.83%18.76%24.67%

RingCentral Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
RNG
RingCentral
4.6004 of 5 stars
$35.02
-1.5%
$40.73
+16.3%
+15.5%$3.22B$2.20B-33.044,084
ALLE
Allegion
4.2489 of 5 stars
$139.43
+0.9%
$144.60
+3.7%
+31.9%$12.12B$3.65B21.4212,400Analyst Revision
WPP
WPP
0.8386 of 5 stars
$51.41
-0.3%
N/A+15.7%$11.71B$18.46B0.00114,732Analyst Downgrade
News Coverage
CART
Maplebear
4.4369 of 5 stars
$41.58
-2.8%
$47.29
+13.7%
+60.9%$10.68B$3.04B27.913,380Analyst Revision
ULS
UL Solutions
2.554 of 5 stars
$52.82
+2.1%
$49.00
-7.2%
N/A$10.35B$2.68B0.0015,233
MEDP
Medpace
4.7711 of 5 stars
$326.09
+3.5%
$380.00
+16.5%
+18.2%$9.79B$1.89B28.555,900
STN
Stantec
3.6362 of 5 stars
$84.13
+1.3%
N/A+19.3%$9.47B$4.80B38.2428,000
GLOB
Globant
4.0586 of 5 stars
$215.70
+3.4%
$229.06
+6.2%
+3.0%$9.29B$2.10B56.3229,150Analyst Forecast
Gap Up
HQY
HealthEquity
3.672 of 5 stars
$102.96
+0.3%
$107.23
+4.1%
+54.3%$8.97B$999.59M85.803,150
BILI
Bilibili
2.2417 of 5 stars
$19.19
+3.6%
$19.69
+2.6%
+31.7%$7.95B$3.19B-20.868,801Earnings Report
Analyst Forecast
Gap Up
LYFT
Lyft
4.0642 of 5 stars
$16.77
+1.2%
$17.48
+4.3%
+61.4%$6.87B$4.40B0.002,945

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This page (NYSE:RNG) was last updated on 11/21/2024 by MarketBeat.com Staff
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