RingCentral, Inc. (RNG)

Market Cap	2.82B
Revenue (ttm)	2.20B
Net Income (ttm)	-165.24M
Shares Out	92.32M
EPS (ttm)	-1.74
PE Ratio	n/a
Forward PE	8.55
Dividend	n/a
Ex-Dividend Date	n/a

Volume	253,354
Open	30.30
Previous Close	30.01
Day's Range	30.30 - 30.95
52-Week Range	25.08 - 43.28
Beta	0.91
Analysts	Buy
Price Target	38.35 (+25.37%)
Earnings Date	May 7, 2024

About RNG

RingCentral, Inc., together with its subsidiaries, provides cloud communications, video meetings, collaboration, and contact center software-as-a-service solutions worldwide. The company's products include RingCentral Message Video Phone that provides a unified experience for communication and collaboration across multiple modes, including HD voice, video, SMS, messaging and collaboration, conferencing, online meetings, and fax; RingCentral Contact Center, a collaborative contact center solution that delivers AI-powered omnichannel and workforc...

• Industry: Software - Application
• Sector: Technology
• IPO Date: Sep 27, 2013
• Employees: 4,084
• Stock Exchange: NYSE
• Ticker Symbol: RNG

Financial Performance

In 2023, RingCentral's revenue was $2.20 billion, an increase of 10.77% compared to the previous year's $1.99 billion. Losses were -$165.24 million, -81.20% less than in 2022.

Analyst Forecast

According to 18 analysts, the average rating for RNG stock is "Buy." The 12-month stock price forecast is $38.35, which is an increase of 25.37% from the latest price.

Price Target

$38.35

(25.37% upside)

Analyst Consensus: Buy