Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
RingCentral (RNG)
NYSE:RNG
RNG Stock Chart & Stats
Day’s Range― - ―
52-Week Range$26.98 - $42.19
Previous CloseN/A
Volume287.11K
Average Volume (3M)1.05M
Market Cap
$3.04B
Enterprise Value$4.48B
Total Cash (Recent Filing)N/A
Total Debt (Recent Filing)N/A
Price to Earnings (P/E)―
Beta1.95
Next Earnings
Feb 20, 2025EPS Estimate
0.97Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.05
Shares Outstanding80,068,640
10 Day Avg. Volume845,794
30 Day Avg. Volume1,049,324
Standard Deviation0.14
R-Squared0.15
Alpha-0.03
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)1.29
Price to Cash Flow (P/CF)6.00
P/FCF Ratio6.40
Enterprise Value/Market Cap1.47
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit2.91
Enterprise Value/Ebitda21.33
Forecast
1Y Price Target
$39.43Price Target Upside16.62% Upside
Rating ConsensusHold
Number of Analyst Covering7
---
Bulls Say, Bears Say
Bulls Say
Financial PerformanceRNG reported strong Q3 2024 top-line results with subscription revenue increasing 10% year-over-year to $583M, exceeding consensus by 2%.
LeadershipRNG named Abhey Lamba new CFO, who most recently served as VP of Finance for Global Infrastructure at AWS, bringing valuable experience from finance roles at Cisco and Autodesk.
Product GrowthNew wins continued across the trifecta of new products with combined new product customer count increasing an impressive ~40%.
Bears Say
Competitive EnvironmentAnalyst is wary of risks from the competitive environment.
Growth ChallengesThe friction from leading with RingCX vs. Ring Contact Center is likely to weigh on growth slightly in the near term.
Partnership RisksThere is concern that the focus on RingCX could lead to the termination of the partnership with NICE and be a potential revenue headwind.
---
Ownership Overview
1.94% Insiders
38.46% Mutual Funds
2.63% Other Institutional Investors
34.59% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
The estimated number of people who visited one or more of the websites owned by RingCentral
Desktop Users
Mobile Users
RNG FAQ
What was RingCentral’s price range in the past 12 months?
RingCentral lowest stock price was $26.98 and its highest was $42.19 in the past 12 months.
What is RingCentral’s market cap?
RingCentral’s market cap is $3.04B.
When is RingCentral’s upcoming earnings report date?
RingCentral’s upcoming earnings report date is Feb 20, 2025 which is tomorrow.
How were RingCentral’s earnings last quarter?
RingCentral released its earnings results on Nov 07, 2024. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.923 by $0.027.
Is RingCentral overvalued?
According to Wall Street analysts RingCentral’s price is currently Undervalued.
Does RingCentral pay dividends?
RingCentral does not currently pay dividends.
What is RingCentral’s EPS estimate?
RingCentral’s EPS estimate is 0.97.
How many shares outstanding does RingCentral have?
RingCentral has 80,068,640 shares outstanding.
What happened to RingCentral’s price movement after its last earnings report?
RingCentral reported an EPS of $0.95 in its last earnings report, beating expectations of $0.923. Following the earnings report the stock price went down -2.139%.
Which hedge fund is a major shareholder of RingCentral?
Currently, no hedge funds are holding shares in RNG
---
RingCentral Stock Smart Score
Neutral
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$39.43 (16.62% Upside)
$39.43 (16.62% Upside)
Blogger Sentiment
Bullish
RNG Sentiment 91%
Sector Average 67%
Sector Average 67%
Insider Transactions
Sold Shares
Worth $121.2K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 0.5%
Last 30 Days ▼ 3.3%
Last 30 Days ▼ 3.3%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
3.91%
12-Months-Change
Fundamentals
Return on Equity
28.43%
Trailing 12-Months
Asset Growth
-16.68%
Trailing 12-Months
Company Description
RingCentral
Founded in 1999, California-based 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 Professional, RingCentral Office, RingCentral Glip, and RingCentral Fax.
---
RNG Company Deck
---
RNG Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Positive
RingCentral reported strong financial performance and strategic progress with significant growth in revenue and profitability. The company showcased leadership in the UCaaS market and promising early traction in CCaaS with RingCX. However, slight gross margin decline and macroeconomic challenges in the SMB segment present some challenges, balanced by the overall positive trajectory driven by new product offerings and strategic partnerships.Read More>---
RNG Revenue Breakdown
90.00% North America
10.00% Other
---
RNG Stock 12 Month Forecast
Average Price Target
$39.43
▲(16.62% Upside)
Technical Analysis
Best Analysts Covering RNG
1 Year
1 Year Success Rate
21/35 ratings generated profit
1 Year Average Return
+34.93%
downgraded a buy rating 2 months ago
Copying Brian Peterson's trades and holding each position for 1 Year would result in 60.00% of your transactions generating a profit, with an average return of +34.93% per trade.
---