RingCentral, Inc. (RNG)

Market Cap	3.22B
Revenue (ttm)	2.25B
Net Income (ttm)	-139.34M
Shares Out	92.17M
EPS (ttm)	-1.49
PE Ratio	n/a
Forward PE	9.38
Dividend	n/a
Ex-Dividend Date	n/a

Volume	1,119,196
Open	34.71
Previous Close	34.29
Day's Range	34.42 - 35.66
52-Week Range	25.08 - 41.76
Beta	1.03
Analysts	Buy
Price Target	38.94 (+11.54%)
Earnings Date	Aug 1, 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 $38.94, which is an increase of 11.54% from the latest price.

Price Target

$38.94

(11.54% upside)

Analyst Consensus: Buy