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NYSE:RNG

RingCentral (RNG) Stock Price, News & Analysis

RingCentral logo
$34.87 -0.17 (-0.49%)
(As of 11/21/2024 ET)

About RingCentral Stock (NYSE:RNG)

Key Stats

Today's Range
$34.42
$35.50
50-Day Range
$29.38
$38.79
52-Week Range
$26.98
$40.98
Volume
1.35 million shs
Average Volume
1.22 million shs
Market Capitalization
$3.15 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$40.73
Consensus Rating
Moderate Buy

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.

RingCentral Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
93rd Percentile Overall Score

RNG MarketRank™: 

RingCentral scored higher than 93% of companies evaluated by MarketBeat, and ranked 87th out of 650 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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.

  • Read more about RingCentral's stock forecast and price target.
  • 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 -32.90, 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 -32.90, 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 2.26. PEG Ratios above 1 indicate that a company could be overvalued.

  • Read more about RingCentral's valuation and earnings.
  • 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 Yield

    RingCentral does not currently pay a dividend.

  • Dividend Growth

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

  • 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 Sentiment

    RingCentral has a news sentiment score of 0.92. 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 0.60 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 4 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.
  • 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 $3,463,214.00 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.

  • Read more about RingCentral's insider trading history.
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RNG Stock News Headlines

RingCentral: Under The Radar Pick -- Reiterating Buy
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Northland Securities Sticks to Its Buy Rating for RingCentral (RNG)
RingCentral (NYSE:RNG) Earns Buy Rating from Needham & Company LLC
RingCentral (NYSE:RNG) Stock Rating Upgraded by StockNews.com
See More Headlines

RNG Stock Analysis - Frequently Asked Questions

RingCentral's stock was trading at $33.95 at the start of the year. Since then, RNG stock has increased by 2.7% and is now trading at $34.87.
View the best growth stocks for 2024 here
.

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

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

Top institutional shareholders of RingCentral 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, John H Marlow, Sonalee Elizabeth Parekh, Mohammed Katibeh, Vaibhav Agarwal, Kenneth A Goldman, Mitesh Dhruv and Anand Eswaran.
View institutional ownership trends
.

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.

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
11/21/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/18/2025

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
$40.73
High Stock Price Target
$50.00
Low Stock Price Target
$32.00
Potential Upside/Downside
+16.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.53
Research Coverage
15 Analysts

Profitability

Net Income
$-165,240,000.00
Pretax Margin
-3.98%

Debt

Sales & Book Value

Annual Sales
$2.36 billion
Cash Flow
$2.66 per share
Book Value
($6.03) per share

Miscellaneous

Free Float
84,318,000
Market Cap
$3.15 billion
Optionable
Optionable
Beta
0.99

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