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RingCentral (RNG)
NYSE:RNG
RingCentral (RNG) Stock Price & Analysis
2,344 Followers
RNG Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$25.32 - $62.51
Previous Close$34.01
Volume1.32M
Average Volume (3M)2.24M
Market Cap
$3.25B
Enterprise Value$4.63B
Total Cash (Recent Filing)$274.80M
Total Debt (Recent Filing)$1.66B
Price to Earnings (P/E)-4.2
Beta1.89
Next Earnings
Aug 01, 2023EPS Estimate
$0.75Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-8.19
Shares Outstanding95,601,451
10 Day Avg. Volume2,399,886
30 Day Avg. Volume2,238,105
Standard Deviation0.14
R-Squared0.13
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)-3.24
Price to Sales (P/S)5.46
Price to Cash Flow (P/CF)7.60
P/FCF Ratio7.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.26
Enterprise Value/Gross Profit3.44
Enterprise Value/Ebitda-9.40
Forecast
1Y Price Target
$43.79Price Target Upside30.87% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering22
RingCentral News
Stock Analysis & IdeasZM vs. RNG: Which Video Conferencing Stock is Better?
Pre-EarningsRNG Earnings this Week: How Will it Perform?
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Product Insights
The estimated number of people who visited one or more of the websites owned by RingCentral
Desktop Users
Mobile Users
RNG FAQ
What was RingCentral’s price range in the past 12 months?
RingCentral lowest stock price was $25.32 and its highest was $62.51 in the past 12 months.
What is RingCentral’s market cap?
Currently, no data Available
When is RingCentral’s upcoming earnings report date?
RingCentral’s upcoming earnings report date is Aug 01, 2023 which is in 54 days.
How were RingCentral’s earnings last quarter?
RingCentral released its earnings results on May 09, 2023. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.694 by $0.066.
Is RingCentral overvalued?
According to Wall Street analysts RingCentral’s price is currently Undervalued.
Does RingCentral pay dividends?
RingCentral does not currently pay dividends.
What is RingCentral’s EPS estimate?
RingCentral’s EPS estimate is $0.75.
How many shares outstanding does RingCentral have?
RingCentral has 85,676,910 shares outstanding.
What happened to RingCentral’s price movement after its last earnings report?
RingCentral reported an EPS of $0.76 in its last earnings report, beating expectations of $0.694. Following the earnings report the stock price went up 14.34%.
Which hedge fund is a major shareholder of RingCentral?
Among the largest hedge funds holding RingCentral’s share is No Street GP LP. It holds RingCentral’s shares valued at 73M.
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RingCentral Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$43.79 (30.87% Upside)
$43.79 (30.87% Upside)
Blogger Sentiment
Bullish
RNG Sentiment 80%
Sector Average 64%
Sector Average 64%
Hedge Fund Trend
Increased
By 1.6M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Neutral
Last 7 Days ▼ 0.8%
Last 30 Days ▲ 1.3%
Last 30 Days ▲ 1.3%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-44.96%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
-20.30%
Trailing 12-Months
Learn more about TipRanks Smart Score
Company Description
RingCentral
Founded in 1999, California-based RingCentral, Inc. provides software-as-a-service solutions that enable businesses to communicate, collaborate, and connect in North America. The company's products include RingCentral Professional, RingCentral Office, RingCentral Glip, and RingCentral Fax.
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Top 5 ETFs holding RNG
Vanguard Information Technology ETF
$11.58M
iShares Russell 1000 Growth ETF
$9.55M
iShares Expanded Tech-Software Sector ETF
$8.26M
iShares U.S. Technology ETF
$4.04M
Fidelity MSCI Information Technology Index ETF
$3.52M
Up to five ETFs with an Outperform Smart Score that hold RNG. The ETFs are listed according to market value of RNG within the ETF
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