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RingCentral, Inc. (RNG)

NYSE: RNG · IEX Real-Time Price · USD
193.65 -5.02 (-2.53%)
Dec 3, 2021 4:00 PM EST - Market closed
Market Cap18.10B
Revenue (ttm)1.48B
Net Income (ttm)-259.72M
Shares Out93.44M
EPS (ttm)-2.86
PE Ration/a
Forward PE128.21
Dividendn/a
Ex-Dividend Daten/a
Volume2,237,385
Open196.85
Previous Close198.67
Day's Range180.09 - 198.05
52-Week Range180.09 - 449.00
Beta0.69
AnalystsStrong Buy
Price Target392.92 (+102.9%)
Earnings DateNov 9, 2021

About RNG

RingCentral, Inc. provides software-as-a-service solutions that enable businesses to communicate, collaborate, and connect in North America. Its products include RingCentral Office that provides communication and collaboration across various modes, including high-definition voice, video, SMS, messaging and collaboration, conferencing, online meetings, and fax; RingCentral Contact Center, a collaborative contact center solution that delivers omni-channel; and RingCentral Engage Digital, a digital customer engagement platform that allows enterpri...

IndustrySoftware
IPO DateSep 27, 2013
CEOVladimir Shmunis
Employees3,140
Stock ExchangeNYSE
Ticker SymbolRNG
Full Company Profile

Financial Performance

In 2020, RingCentral's revenue was $1.18 billion, an increase of 31.10% compared to the previous year's $902.86 million. Losses were -$83.00 million, 54.8% more than in 2019.

Financial Statements

Analyst Forecast

According to 26 analysts, the average rating for RingCentral stock is "Strong Buy." The 12-month stock price forecast is 392.92, which is an increase of 102.90% from the latest price.

Price Target
$392.92
(102.90% upside)
Analyst Consensus: Strong Buy

News

Workers Concerned That Workplace Freedom Will Disappear in 2022 According to New RingCentral Survey

BELMONT, Calif.--(BUSINESS WIRE)--A new research study by RingCentral, Inc. (NYSE: RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center s...

3 days ago - Business Wire

RingCentral's CEO, CFO, and Investor Relations Rank First Place in Institutional Investor's 2022 All-America Executiv...

BELMONT, Calif.--(BUSINESS WIRE)---- $RNG #RingCentral--RingCentral executive and investor relations leadership are named to Institutional Investor's prestigious 2022 All-America Executive Team

2 weeks ago - Business Wire

RingCentral Gives Customers More Flexibility with New Microsoft Teams Enhancements and BYOC

BELMONT, Calif.--(BUSINESS WIRE)--RingCentral, Inc. (NYSE:RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration and contact center solutions, today announced ...

2 weeks ago - Business Wire

1&1 Versatel Partners With RingCentral to Bring the Power of Gigabit Internet and Business Communications to its Cust...

DÜSSELDORF, Germany & BELMONT, Calif.--(BUSINESS WIRE)--1&1 Versatel, one of Germany's leading business-to-business (B2B) providers of fiber gigabit connections and network-related services, today annou...

2 weeks ago - Business Wire

7 Technology Stocks That Will Resist Any Market Selloff

The tech sector have been a favorite target of market alarmists. Here are seven tech stocks that are likely to resist any market selloff.

2 weeks ago - InvestorPlace

RingCentral is up 25% following partnership with Mitel

According to the agreement, RingCentral, Inc. (NYSE: RNG) will become an exclusive Mitel UCaaS partner and provide the company's global client base with a mobile-first, next-gen, cloud communication pla...

3 weeks ago - Invezz

RingCentral (RNG) Q3 Earnings Top Estimates, Revenues Up Y/Y

RingCentral's (RNG) Q3 results benefit from strong subscription-revenue growth driven by expanding clientele.

3 weeks ago - Zacks Investment Research

Why RingCentral's Stock Is Soaring Today

RingCentral Inc (NYSE: RNG) is trading significantly higher Wednesday after the company reported better-than-expected third-quarter financial results and announced a strategic partnership to provide Mit...

3 weeks ago - Benzinga

DoorDash, RingCentral, And Rivian Generating Some Interest

The Consumer Price Index (CPI) Sees highest increase since 1990.

Other symbols:DASHRIVN
3 weeks ago - Forbes

Why Are RingCentral Shares Trading Higher Premarket?

Keybanc analyst Steve Enders maintained RingCentral Inc (NYSE:RNG) with an Overweight and raised the price target from $390 to $404, implying a 72.3% upside. RingCentral reported third-quarter FY21 reve...

3 weeks ago - Benzinga

RingCentral (RNG) Q3 Earnings and Revenues Beat Estimates

RingCentral (RNG) delivered earnings and revenue surprises of 9.09% and 5.39%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

3 weeks ago - Zacks Investment Research

RingCentral: Q3 Earnings Insights

RingCentral (NYSE:RNG) reported its Q3 earnings results on Tuesday, November 9, 2021 at 04:02 PM. Here's what investors need to know about the announcement.

3 weeks ago - Benzinga

RingCentral and Mitel Announce Strategic Partnership to Enable Customers to Transition Seamlessly to Cloud-Based Unif...

BELMONT, Calif. & OTTAWA, Ontario--(BUSINESS WIRE)--RingCentral, Inc. (NYSE: RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutio...

3 weeks ago - Business Wire

RingCentral Announces Third Quarter 2021 Results

BELMONT, Calif.--(BUSINESS WIRE)--RingCentral, Inc. (NYSE: RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announce...

3 weeks ago - Business Wire

5 Large-Cap Stocks Likely to Win Big on Earnings Next Week

Five large-cap (market capital > $10 billion) stocks will report earnings results next week. These are: DHI, RNG, DOCS, DIS and AFRM.

Other symbols:AFRMDHIDISDOCS
4 weeks ago - Zacks Investment Research

RingCentral Helps America's Largest Dental Support Organization to Run and Grow Its Business

BELMONT, Calif.--(BUSINESS WIRE)-- #UCaaS--RingCentral, Inc. (NYSE:RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today ...

1 month ago - Business Wire

RingCentral (RNG) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

RingCentral (RNG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

Susan G. Komen Maximizes Breast Cancer Donor Dollars by Going Fully Remote with RingCentral Cloud Communications

BELMONT, Calif.--(BUSINESS WIRE)-- #UCaaS--RingCentral, Inc. (NYSE: RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today...

1 month ago - Business Wire

RingCentral Ranked Highest in Three out of Four Use Cases in the 2021 Gartner® Critical Capabilities for Unified Comm...

BELMONT, Calif.--(BUSINESS WIRE)-- #CriticalCapabilities--RingCentral ranks highest in 3 out of 4 use cases in 2021 Gartner Critical Capabilities for Unified Communications as a Service, Worldwide report

1 month ago - Business Wire

RingCentral Partners With Leading Healthcare Providers to Drive Better Patient Outcomes

BELMONT, Calif.--(BUSINESS WIRE)--RingCentral, Inc. (NYSE:RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced...

1 month ago - Business Wire

RingCentral Named a Leader in the 2021 Gartner® Magic Quadrant™ for Unified Communications as a Service, Worldwide Re...

BELMONT, Calif.--(BUSINESS WIRE)-- #GartnerMQ--Gartner has recognized RingCentral as a Leader in the 2021 Magic Quadrant for Unified Communications as a Service (UCaaS), Worldwide report

1 month ago - Business Wire

RingCentral Announces Date of Third Quarter 2021 Financial Results Conference Call

BELMONT, Calif.--(BUSINESS WIRE)---- $RNG #UCaaS--RingCentral announces it will report financial results for the third quarter ended September 30, 2021 after market close on Tuesday, November 9, 2021

1 month ago - Business Wire

Chase Coleman Reinforces RingCentral Bet

Chase Coleman (Trades, Portfolio), founder of Tiger Global Management and one of Julian Robertson (Trades, Portfolio)'s former “tiger cubs,” disclosed earlier this week he upped his stake in RingCentral...

1 month ago - GuruFocus

RingCentral Reveals Platform Innovations that Help Every Organization to Embrace Hybrid Work

BELMONT, Calif.--(BUSINESS WIRE)--RingCentral, Inc. (NYSE:RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced...

1 month ago - Business Wire

Why RingCentral (RNG) is Poised to Beat Earnings Estimates Again

RingCentral (RNG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

1 month ago - Zacks Investment Research