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RingCentral (RNG)
NYSE:RNG
Holding RNG?
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RNG Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$26.27 - $40.98
Previous Close$36.21
Volume1.25M
Average Volume (3M)1.32M
Market Cap
$3.32B
Enterprise Value$4.68B
Total Cash (Recent Filing)$212.65M
Total Debt (Recent Filing)$1.56B
Price to Earnings (P/E)―
Beta2.29
Next Earnings
Feb 17, 2025EPS Estimate
$0.97Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.05
Shares Outstanding90,430,579
10 Day Avg. Volume1,533,697
30 Day Avg. Volume1,320,592
Standard Deviation0.14
R-Squared0.14
Alpha-0.03
Financial Highlights & Ratios
Price to Book (P/B)-6.31
Price to Sales (P/S)1.44
Price to Cash Flow (P/CF)6.50
P/FCF Ratio6.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.98
Enterprise Value/Gross Profit3.04
Enterprise Value/Ebitda16.10
Forecast
1Y Price Target
$40.29Price Target Upside11.08% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
RingCentral News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceRNG reported strong Q3 2024 top-line results with subscription revenue increasing 10% y/y to $583M and exceeding consensus by 2% ($9M).
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
Competitive EnvironmentThe competitive landscape remains tough around breadth of offerings and pricing, which is further pressuring topline growth.
Executive ChangesThis is yet another executive change for RNG, which has now replaced the majority of the executive team in the past few years, raising concerns about continuity in strategy and execution.
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
2.46% Insiders
35.48% Mutual Funds
4.51% Other Institutional Investors
35.65% 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 $26.27 and its highest was $40.98 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 Feb 17, 2025 which is in 92 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 81,895,440 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 36M.
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RingCentral Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$40.29 (11.08% Upside)
$40.29 (11.08% Upside)
Blogger Sentiment
Bullish
RNG Sentiment 80%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 304.2K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $287.2K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▼ 1.7%
Last 30 Days ▲ 4.3%
Last 30 Days ▲ 4.3%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
31.43%
12-Months-Change
Fundamentals
Return on Equity
―
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
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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
$40.29
▲(11.08% Upside)
Technical Analysis
Best Analysts Covering RNG
1 Year
1 Year Success Rate
17/31 ratings generated profit
1 Year Average Return
+21.41%
reiterated a buy rating 6 days ago
Copying Ryan Koontz's trades and holding each position for 1 Year would result in 54.84% of your transactions generating a profit, with an average return of +21.41% per trade.
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