RingCentral, Inc. (RNG)

NYSE: RNG · IEX Real-Time Price · USD
29.73
-0.65 (-2.14%)
At close: Apr 17, 2024, 4:00 PM
29.72
-0.01 (-0.03%)
Pre-market: Apr 18, 2024, 4:00 AM EDT
-2.14%
Market Cap 2.74B
Revenue (ttm) 2.20B
Net Income (ttm) -165.24M
Shares Out 92.32M
EPS (ttm) -1.74
PE Ratio n/a
Forward PE 8.30
Dividend n/a
Ex-Dividend Date n/a
Volume 747,991
Open 30.24
Previous Close 30.38
Day's Range 29.72 - 30.46
52-Week Range 25.08 - 43.28
Beta 0.91
Analysts Buy
Price Target 38.71 (+30.21%)
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... [Read more]

Sector Technology
IPO Date Sep 27, 2013
Employees 4,084
Stock Exchange NYSE
Ticker Symbol RNG
Full Company Profile

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.

Financial Statements

Analyst Forecast

According to 18 analysts, the average rating for RNG stock is "Buy." The 12-month stock price forecast is $38.71, which is an increase of 30.21% from the latest price.

Price Target
$38.71
(30.21% upside)
Analyst Consensus: Buy
Stock Forecasts

News

RingCentral Announces Date of First Quarter 2024 Financial Results Conference Call

BELMONT, Calif.--(BUSINESS WIRE)---- $RNG #earnings--RingCentral announced it will report financial results for the first quarter ended March 31, 2024 after market close on Tuesday, May 7, 2024.

12 hours ago - Business Wire

Brightspeed Launches Brightspeed Voice+ with RingCentral for Enterprise Customers

CHARLOTTE, N.C. & BELMONT, Calif.--(BUSINESS WIRE)-- #UCaaS--Brightspeed, the nation's fourth largest fiber broadband builder, announced the launch of its Brightspeed Voice+ product powered by RingCen...

15 days ago - Business Wire

RingCentral Wins the Overall Best of Enterprise Connect 2024 Award; Winners Announced in Four Other Category Awards

ORLANDO, Fla.--(BUSINESS WIRE)--Enterprise Connect, the leading conference and exhibition for enterprise communications and customer experience, today announces RingCentral wins the Overall Best of En...

22 days ago - Business Wire

RingCentral Expands Global Footprint and Drives Adoption Momentum of RingCX, AI-Powered Contact Center

ORLANDO, Fla.--(BUSINESS WIRE)-- #RingCX--Today at Enterprise Connect 2024 in Orlando, RingCentral, Inc. (NYSE: RNG), a leading provider of AI-driven cloud business communications, contact center, vid...

22 days ago - Business Wire

RingCentral Reimagines the Business Phone System with Real-Time AI

ORLANDO, Fla.--(BUSINESS WIRE)-- #AI--Today at Enterprise Connect 2024 in Orlando, RingCentral, Inc. (NYSE: RNG), a leading provider of AI-driven cloud business communications, contact center, video, ...

23 days ago - Business Wire

Optus, One of the Largest Wireless Carriers in Australia, Selects RingCentral to Power Cloud Communications for Australian Businesses

SYDNEY & BELMONT, Calif.--(BUSINESS WIRE)--Optus, One of the Largest Wireless Carriers in Australia, Selects RingCentral to Power Cloud Communications for Australian Businesses.

5 weeks ago - Business Wire

RingCentral to Present at Upcoming Investor Conferences

BELMONT, Calif.--(BUSINESS WIRE)---- $RNG--RingCentral, Inc. (NYSE: RNG), a leading provider of AI-driven cloud business communications, contact center, video and hybrid event solutions, today announc...

7 weeks ago - Business Wire

RingCentral calls for lower 2024 sales than Wall Street expects, and the stock falls

RingCentral Inc. shares fell more than 6% in the extended session Tuesday after the cloud-based communications company reported fourth-quarter earnings largely in line with Wall Street expectations, b...

2 months ago - Market Watch

RingCX Achieves Industry Leadership Recognition and Market Momentum as Businesses Prioritize AI-first Customer Service

BELMONT, Calif.--(BUSINESS WIRE)---- $RNG #RingCX--RingCentral, Inc. (NYSE: RNG), a leading provider of AI-driven cloud business communications, contact center, video and hybrid event solutions, today...

2 months ago - Business Wire

RingCentral Appoints Prat Bhatt to Board of Directors

BELMONT, Calif.--(BUSINESS WIRE)--RingCentral, Inc. (NYSE: RNG), a leading provider of AI-driven cloud business communications, contact center, video and hybrid event solutions, today announced that P...

2 months ago - Business Wire

RingCentral Announces Fourth Quarter and Fiscal Year 2023 Results

BELMONT, Calif.--(BUSINESS WIRE)---- $RNG #earnings--RingCentral today announced financial results for the fourth quarter and fiscal year ended December 31, 2023.

2 months ago - Business Wire

RingCentral Modernizes Patient Care Communications for Healthcare Organizations With New EHR Integrations and Generative AI

BELMONT, Calif.--(BUSINESS WIRE)--RingCentral, Inc. (NYSE: RNG), a leading provider of AI-first global enterprise cloud communications, video, webinars, hybrid events, and contact center solutions, to...

2 months ago - Business Wire

RingCentral Drives Momentum and Adoption Across Healthcare Organizations

BELMONT, Calif.--(BUSINESS WIRE)--RingCentral, Inc. (NYSE: RNG), a leading provider of AI-first global enterprise cloud communications, video, webinars, hybrid events, and contact center solutions, hi...

2 months ago - Business Wire

RingCentral Announces Date of Fourth Quarter 2023 Financial Results Conference Call

BELMONT, Calif.--(BUSINESS WIRE)--RingCentral, Inc. (NYSE: RNG), a leading provider of AI-first global enterprise cloud communications, video, webinars, hybrid events, and contact center solutions, to...

2 months ago - Business Wire

Ned Segal Elected to RingCentral's Board of Directors

BELMONT, Calif.--(BUSINESS WIRE)--RingCentral announced that Ned Segal has been elected to the Company's Board of Directors.

3 months ago - Business Wire

RingCentral Announces Repurchase of Approximately $253 Million of Convertible Notes

BELMONT, Calif.--(BUSINESS WIRE)--RingCentral, Inc. (“RingCentral” or the “Company”) (NYSE: RNG), a leading provider of AI-first global enterprise cloud communications, video, webinars, hybrid events,...

4 months ago - Business Wire

RingCentral CEO Robbiati Resigns and Is Replaced by Founder Shmunis. The Stock Is Tumbling.

CEO Tarek Robbiati resigns from the company and its board, just four months after his appointment to the job.

4 months ago - Barrons

RingCentral Announces Return of Vlad Shmunis as CEO

BELMONT, Calif.--(BUSINESS WIRE)--RingCentral, Inc. (NYSE: RNG), a leading provider of AI-first global enterprise cloud communications, video, webinars, hybrid events, and contact center solutions, to...

4 months ago - Business Wire

RingCentral Named a Leader in the 2023 Gartner® Magic Quadrant™ for Unified Communications as a Service, Worldwide Report for Ninth Year in a Row

BELMONT, Calif.--(BUSINESS WIRE)-- #GartnerMQ--Gartner has recognized RingCentral as a Leader in the 2023 Magic Quadrant for Unified Communications as a Service (UCaaS), Worldwide report.

4 months ago - Business Wire

Enterprise Connect 2024 Expands Conference Program, Adds RingCentral CEO Keynote

SAN FRANCISCO--(BUSINESS WIRE)--Enterprise Connect, the leading conference and exhibition for enterprise communications and customer experience, today announces Tarek Robbiati, Chief Executive Officer...

5 months ago - Business Wire

RingCentral Introduces RingCentral Events for Virtual, Onsite, and Hybrid Events

BELMONT, Calif.--(BUSINESS WIRE)-- #AI--RingCentral introduces RingCentral Events, an all-in-one solution for virtual, onsite, and hybrid event needs.

5 months ago - Business Wire

RingCentral Announces General Availability of RingCX, a Natively Built AI-first Contact Center that is Simple to Use and Easy to Deploy

BELMONT, Calif.--(BUSINESS WIRE)-- #AI--RingCentral announces general availability of RingCX, its AI-first contact center.

5 months ago - Business Wire

RingCentral's stock jumps on narrowing loss, revenue beat, raised guidance

RingCentral Inc.'s stock jumped about 10% in after-hours trading Monday after it reported a narrowing quarterly loss, results that beat analysts' forecasts on the top- and bottom-lines, and sales proj...

5 months ago - Market Watch

RingCentral Announces Third Quarter 2023 Results

BELMONT, Calif.--(BUSINESS WIRE)---- $RNG #UCaaS--RingCentral today announced financial results for the third quarter ended September 30, 2023.

5 months ago - Business Wire

Vodafone and RingCentral Deliver New Cloud Solution in Spain to Enable Flexible Ways of Working

MADRID & BELMONT, Calif.--(BUSINESS WIRE)--Vodafone and RingCentral unveil solution in Spain to provide business customers greater flexibility and simplicity in the way they work.

Other symbols: VOD
6 months ago - Business Wire