RingCentral/RNG

$34.54

0.46%
-
1D1W1MYTD1YMAX

About RingCentral

RingCentral, Inc. is a provider of global enterprise cloud communications, video meetings, collaboration, and contact center software-as-a-service (SaaS) solutions. The Company’s cloud-based business communications, collaboration, and customer engagement solutions function across multiple locations and devices, including smartphones, tablets, personal computers (PCs) and desk phones. The Company allows for communication across multiple modes, including high-definition (HD) voice, video, messaging and collaboration, conferencing, online meetings and fax. It offers three products in its portfolio, namely RingCentral MVP, a unified Communications as a Service (UCaaS) platform, including team messaging, video meetings, and a cloud phone system; Customer engagement solutions, including RingCentral Contact Center, RingCentral Engage Digital and Voice; and RingCentral Video, its video meeting solution with team messaging that enables smart video meetings.

Ticker

RNG

Sector

Technology

Trading on

NYSE

Industry

Software & Programming

CEO

Vladimir Shmunis

Employees

4,084

Headquarters

Belmont, United States

RingCentral Metrics

BasicAdvanced
$3.2B
Market cap
-
P/E ratio
-$1.48
EPS
1.03
Beta
-
Dividend rate
$3.2B
1.02988
$43.28
$25.08
1.1M
1.088
1.085
236.235
-3.1%
-7.11%
-10.87%
1.413
10.159
9.67%
81.95%
23%

What the Analysts think about RingCentral

Analyst Ratings

Majority rating from 25 analysts.
Hold

Price Targets

Average projection from 21 analysts.
15.95% upside
High $55.00
Low $32.00
$34.54
Current price
$40.05
Average price target

RingCentral Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
-4.86% profit margin
QuarterlyAnnual
Q1 24
QoQ growth
Revenue
$584M
2.28%
Net income
-$28M
-39.83%
Profit margin
-4.86%
-41.16%

RingCentral Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 8.97%
QuarterlyAnnual
Q2 23
Q3 23
Q4 23
Q1 24
Q2 24
Actual
$0.83
$0.78
$0.86
$0.87
-
Expected
$0.75
$0.75
$0.82
$0.80
$0.88
Surprise
10.72%
4.31%
4.58%
8.97%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

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FAQs

What’s the current market cap for RingCentral stock?

RingCentral (RNG) has a market cap of $3.2B as of May 28, 2024.

What is the P/E ratio for RingCentral stock?

The price to earnings (P/E) ratio for RingCentral (RNG) stock is 0 as of May 28, 2024.

Does RingCentral stock pay dividends?

No, RingCentral (RNG) stock does not pay dividends to its shareholders as of May 28, 2024.

When is the next RingCentral dividend payment date?

RingCentral (RNG) stock does not pay dividends to its shareholders.

What is the beta indicator for RingCentral?

RingCentral (RNG) has a beta rating of 1.03. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.

What is the RingCentral stock price target?

The target price for RingCentral (RNG) stock is $40.05, which is 13.88% above the current price of $35.17. This is an average based on projections from 21 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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