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RingCentral (RNG)
NYSE:RNG
RingCentral (RNG) Stock Price & Analysis
2,437 Followers
RNG Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$25.08 - $43.28
Previous Close$28.57
Volume832.47K
Average Volume (3M)1.10M
Market Cap
$2.63B
Enterprise Value$3.98B
Total Cash (Recent Filing)$222.19M
Total Debt (Recent Filing)$1.57B
Price to Earnings (P/E)―
Beta2.22
Next Earnings
Jul 30, 2024EPS Estimate
$0.88Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.48
Shares Outstanding92,174,189
10 Day Avg. Volume1,509,672
30 Day Avg. Volume1,101,975
Standard Deviation0.14
R-Squared0.14
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)-2.68
Price to Sales (P/S)1.04
Price to Cash Flow (P/CF)5.70
P/FCF Ratio5.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.81
Enterprise Value/Gross Profit2.59
Enterprise Value/Ebitda19.83
Forecast
1Y Price Target
$38.23Price Target Upside33.81% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering16
RingCentral News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceRNG raised its full year subscription revenue guidance from $2.260-2.285 billion to $2.267-2.287 billion, annual growth of 8-9%.
Product LaunchNICE launched 1CX, an all-in-one UCaaS solution that is priced at $5 per user per month, which eliminates complexity, improves productivity, and provides a true end-to-end communication experience.
Strategic WinsManagement highlighted multiple large-customer wins that include a Fortune 500 retailer, a leading operator of medical centers in the U.S., and Rotherham Metropolitan Borough Council in the U.K.
Bears Say
PartnershipThe recent product developments have blurred the clear boundaries of the long-term partnership, raising questions about its future.
PricingThe new product's $5 price point is significantly below nearly every other UCaaS competitor in the market, indicating potential pricing pressure.
Revenue GrowthThe revenue growth guide of 8%-9% is below where annual recurring revenue exited the first quarter, signaling potential growth concerns.
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Ownership Overview
Currently, No data available
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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 $25.07 and its highest was $43.28 in the past 12 months.
What is RingCentral’s market cap?
Currently, no data Available
When is RingCentral’s upcoming earnings report date?
RingCentral’s upcoming earnings report date is Jul 30, 2024 which is in 26 days.
How were RingCentral’s earnings last quarter?
RingCentral released its earnings results on May 07, 2024. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.798 by $0.072.
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 $0.88.
How many shares outstanding does RingCentral have?
RingCentral has 82,249,650 shares outstanding.
What happened to RingCentral’s price movement after its last earnings report?
RingCentral reported an EPS of $0.87 in its last earnings report, beating expectations of $0.798. Following the earnings report the stock price went up 14.638%.
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 41M.
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RingCentral Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$38.23 (33.81% Upside)
$38.23 (33.81% Upside)
Blogger Sentiment
Bullish
RNG Sentiment 75%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 57.1K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 3.3%
Last 30 Days ▲ 5.8%
Last 30 Days ▲ 5.8%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-15.12%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
-8.47%
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
Q1 2024
0:00 / 0:00
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RNG Revenue Breakdown
95.36% Subscriptions
4.64% Other
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RNG Stock 12 Month Forecast
Average Price Target
$38.23
▲(33.81% Upside)
Technical Analysis
Best Analysts Covering RNG
1 Year
1 Year Success Rate
19/29 ratings generated profit
1 Year Average Return
+49.83%
reiterated a buy rating 8 months ago
Copying Terry Tillman's trades and holding each position for 1 Year would result in 65.52% of your transactions generating a profit, with an average return of +49.83% per trade.
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