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RingCentral (RNG)
NYSE:RNG
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RNG Stock Chart & Stats
Day’s Range― - ―
52-Week Range$26.98 - $42.19
Previous CloseN/A
Volume287.11K
Average Volume (3M)1.18M
Market Cap
$3.12B
Enterprise Value$4.48B
Total Cash (Recent Filing)$160.35M
Total Debt (Recent Filing)$312.00K
Price to Earnings (P/E)―
Beta2.06
Next Earnings
Feb 17, 2025EPS Estimate
0.97Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.05
Shares Outstanding80,068,640
10 Day Avg. Volume1,153,519
30 Day Avg. Volume1,184,581
Standard Deviation0.14
R-Squared0.14
Alpha-0.03
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)1.33
Price to Cash Flow (P/CF)6.20
P/FCF Ratio6.60
Enterprise Value/Market Cap1.44
Enterprise Value/Revenue1.90
Enterprise Value/Gross Profit2.91
Enterprise Value/Ebitda15.41
Forecast
1Y Price Target
$39.82Price Target Upside11.89% Upside
Rating ConsensusHold
Number of Analyst Covering12
RingCentral News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceRecord 4Q NG OM of 21.0% and ARR of $2.48B reflected continued steady execution on its core market-leading UCaaS and Ring CX.
Leadership And StrategyRNG 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
Growth And ValuationTransition from Ring Contact Center to RingCX causes outlook to come down slightly, which likely stalls valuation momentum in the near term.
Growth OutlookRingCentral has continued to trade at a meaningful discount to peers given concerns around growth outlook of UCaaS.
Partnership And RevenueThere is concern that the focus on RingCX could lead to the termination of the partnership with NICE and be a potential revenue headwind.
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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 $3.12B.
When is RingCentral’s upcoming earnings report date?
RingCentral’s upcoming earnings report date is Feb 17, 2025 which is in 16 days.
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?
Among the largest hedge funds holding RingCentral’s share is Maple Rock Capital Partners Inc.. It holds RingCentral’s shares valued at 32M.
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RingCentral Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$39.82 (11.89% Upside)
$39.82 (11.89% Upside)
Blogger Sentiment
Bullish
RNG Sentiment 91%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 585.5K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $176.5K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▼ 1.9%
Last 30 Days ▲ 5.9%
Last 30 Days ▲ 5.9%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-2.91%
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.
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RNG Company Deck
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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
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RNG Stock 12 Month Forecast
Average Price Target
$39.82
▲(11.89% Upside)
Technical Analysis
Best Analysts Covering RNG
1 Year
1 Year Success Rate
22/35 ratings generated profit
1 Year Average Return
+35.07%
downgraded a buy rating 29 days ago
Copying Brian Peterson's trades and holding each position for 1 Year would result in 62.86% of your transactions generating a profit, with an average return of +35.07% per trade.
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