RingCentral, Inc. (RNG)

NYSE: RNG · IEX Real-Time Price · USD
35.34
-0.29 (-0.81%)
Dec 7, 2022 4:00 PM EST - Market closed
-0.81%
Market Cap 3.49B
Revenue (ttm) 1.91B
Net Income (ttm) -713.46M
Shares Out 95.58M
EPS (ttm) -5.68
PE Ratio n/a
Forward PE 13.35
Dividend n/a
Ex-Dividend Date n/a
Volume 1,867,759
Open 35.68
Previous Close 35.63
Day's Range 35.1 - 36.52
52-Week Range 28 - 216.65
Beta 0.88
Analysts Buy
Price Target 55.20 (+56.2%)
Earnings Date Nov 9, 2022

About RNG

RingCentral, Inc. provides software-as-a-service solutions that enable businesses to communicate, collaborate, and connect in North America. The company offers business cloud communications and contact center solutions based on its Message Video Phone" platform. 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 soluti... [Read more]

Industry Software
IPO Date Sep 27, 2013
CEO Vladimir Shmunis
Employees 3,919
Stock Exchange NYSE
Ticker Symbol RNG
Full Company Profile

Financial Performance

In 2021, RingCentral's revenue was $1.59 billion, an increase of 34.73% compared to the previous year's $1.18 billion. Losses were -$376.25 million, 353.3% more than in 2020.

Financial Statements

Analyst Forecast

According to 34 analysts, the average rating for RNG stock is "Buy." The 12-month stock price forecast is 55.2, which is an increase of 56.20% from the latest price.

Price Target
$55.2
(56.20% upside)
Analyst Consensus: Buy
Stock Forecasts

News

RingCentral Announces Comprehensive End-to-End-Encryption Solution for Message, Video, and Phone

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

1 day ago - Business Wire

Wall Street Analysts See a 64% Upside in RingCentral (RNG): Can the Stock Really Move This High?

The average of price targets set by Wall Street analysts indicates a potential upside of 64.3% in RingCentral (RNG). While the effectiveness of this highly sought-after metric is questionable, the posit...

5 days ago - Zacks Investment Research

3 Unified Communication as a Service Providers to Buy in 2023

Here we present three tech stocks - RNG, HUBS and ZS - that are poised to gain from the growing demand in Unified Communication as a Service (UCaaS) in 2023.

Other symbols: HUBSZS
6 days ago - Zacks Investment Research

RingCentral Introduces Device as a Service to Simplify Hardware Procurement for Rooms, Video, Phone, and Contact Center

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

6 days ago - Business Wire

RingCentral Named a Leader in the 2022 Gartner® Magic Quadrant™ for Unified Communications as a Service, Worldwide Re...

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

1 week ago - Business Wire

RingCentral Receives Prestigious Recognition For Commitment to Addressing Environmental, Social, and Corporate Govern...

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

1 week ago - Business Wire

RingCentral (RNG) is a Top-Ranked Momentum Stock: Should You Buy?

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

1 week ago - Zacks Investment Research

3 Picks from the Recovering Internet Software & Services Industry

The Internet-Software & Services industry is in recovery mode even as a slowing economy in 2023 looms large. NTES, RNG and VRSN are better equipped than others to come out on top.

Other symbols: NTESVRSN
2 weeks ago - Zacks Investment Research

RingCentral to Present at Upcoming Investor Conferences

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

3 weeks ago - Business Wire

Can RingCentral (RNG) Climb 53% to Reach the Level Wall Street Analysts Expect?

The average of price targets set by Wall Street analysts indicates a potential upside of 53.2% in RingCentral (RNG). While the effectiveness of this highly sought-after metric is questionable, the posit...

3 weeks ago - Zacks Investment Research

Charter Communications Teams Up with RingCentral to Transform the Communications Experience for Businesses of All Sizes

BELMONT, Calif.--( BUSINESS WIRE )--Charter Communications, Inc. (NASDAQ: CHTR), a leading broadband connectivity company serving more than 32 million customers in 41 states, and RingCentral (NYSE: RNG)...

Other symbols: CHTR
3 weeks ago - Business Wire

3 Great Growth Stocks You Should Buy Now

This bear market will end, and when it does, huge gains will be up for grabs.

Other symbols: MQPANW
3 weeks ago - The Motley Fool

Why RingCentral Stock Is Soaring Today

The cloud-based communications specialist posted impressive third-quarter results and drew up an optimistic revenue target for the next reporting period.

3 weeks ago - The Motley Fool

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

RingCentral (RNG) Q3 Earnings and Revenues Surpass Estimates

RingCentral (RNG) delivered earnings and revenue surprises of 7.84% and 1.21%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

4 weeks ago - Zacks Investment Research

RingCentral stock soars after layoffs, earnings beat

RingCentral Inc. RNG, -5.84% shares jumped more than 10% in after-hours trading Wednesday following an earnings beat and announcement of layoffs. The cloud-telephony company reported a third-quarter los...

4 weeks ago - Market Watch

RingCentral Announces Third Quarter 2022 Results

BELMONT, Calif.

4 weeks ago - Business Wire

Is a Surprise Coming for RingCentral (RNG) This Earnings Season?

RingCentral (RNG) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

4 weeks ago - Zacks Investment Research

RingCentral (RNG) Earnings Expected to Grow: Should You Buy?

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

Block, RingCentral, and Other Stocks Facing Tax-Loss Selling

Some of the stocks that have suffered the most this year could get hit some more as investors sell them to create tax losses.

Other symbols: BAXMTCHOLPXSQ
1 month ago - Barrons

Block, RingCentral and Other Stocks Facing ‘Tax Loss Selling'

Some of the stocks that have been hit the hardest could get hit some more as portfolio managers and investors sell them to create tax losses.

Other symbols: SQ
1 month ago - Barrons

Better Cloud Stock: Zoom Video Communications vs. RingCentral

Which cloud-based communications company is a better buy?

Other symbols: ZM
1 month ago - The Motley Fool

Will RingCentral (RNG) Beat Estimates Again in Its Next Earnings Report?

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