company background image
RNG logo

RingCentral NYSE:RNG Stock Report

Last Price

US$29.00

Market Cap

US$2.7b

7D

-13.0%

1Y

-8.0%

Updated

06 Sep, 2024

Data

Company Financials +

RNG Stock Overview

Provides cloud communications, video meetings, collaboration, and contact center software-as-a-service solutions worldwide.

RNG fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance0/6
Financial Health2/6
Dividends0/6

RingCentral, Inc. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for RingCentral
Historical stock prices
Current Share PriceUS$29.00
52 Week HighUS$38.35
52 Week LowUS$25.08
Beta1.03
11 Month Change-12.17%
3 Month Change-15.43%
1 Year Change-7.99%
33 Year Change-86.76%
5 Year Change-77.19%
Change since IPO59.34%

Recent News & Updates

RingCentral: Expect Continued Margin Expansion, Steady Debt Reduction

Sep 02

There's No Escaping RingCentral, Inc.'s (NYSE:RNG) Muted Revenues Despite A 26% Share Price Rise

Aug 04
There's No Escaping RingCentral, Inc.'s (NYSE:RNG) Muted Revenues Despite A 26% Share Price Rise

Recent updates

RingCentral: Expect Continued Margin Expansion, Steady Debt Reduction

Sep 02

There's No Escaping RingCentral, Inc.'s (NYSE:RNG) Muted Revenues Despite A 26% Share Price Rise

Aug 04
There's No Escaping RingCentral, Inc.'s (NYSE:RNG) Muted Revenues Despite A 26% Share Price Rise

RingCentral, Inc.'s (NYSE:RNG) Business And Shares Still Trailing The Industry

May 06
RingCentral, Inc.'s (NYSE:RNG) Business And Shares Still Trailing The Industry

RingCentral: Business Continues To Stabilize

Apr 08

RingCentral: Making Progress, But Many Caveats Remain

Mar 03

RingCentral, Inc.'s (NYSE:RNG) Low P/S No Reason For Excitement

Jan 21
RingCentral, Inc.'s (NYSE:RNG) Low P/S No Reason For Excitement

RingCentral's Growth Concerns And Financial Strain

Dec 21

RingCentral, Inc. (NYSE:RNG) Shares Could Be 39% Below Their Intrinsic Value Estimate

Dec 14
RingCentral, Inc. (NYSE:RNG) Shares Could Be 39% Below Their Intrinsic Value Estimate

RingCentral: Rating Upgrade As Things Are Stabilizing

Dec 01

RingCentral: Should Do Fine Long Term, But I'm Negative Near Term

Sep 27

RingCentral: Looks Cheap, But Carries Too Much Debt

Sep 21

RingCentral: Deserves Better In View Of Innovation And Conversational AI

Aug 01

RingCentral: Navigating Growth Challenges

Jun 28

RingCentral teams up with Amazon Web Services on cloud offerings

Feb 15

RingCentral: Still Working From Home, Buy This UCaaS Stock

Dec 08

RingCentral: A Compelling Buying Opportunity

Sep 16

Shareholder Returns

RNGUS SoftwareUS Market
7D-13.0%-2.4%-2.7%
1Y-8.0%17.8%21.3%

Return vs Industry: RNG underperformed the US Software industry which returned 17.8% over the past year.

Return vs Market: RNG underperformed the US Market which returned 21.3% over the past year.

Price Volatility

Is RNG's price volatile compared to industry and market?
RNG volatility
RNG Average Weekly Movement7.0%
Software Industry Average Movement7.3%
Market Average Movement6.3%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market3.1%

Stable Share Price: RNG's share price has been volatile over the past 3 months.

Volatility Over Time: RNG's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19994,084Vlad Shmuniswww.ringcentral.com

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 workforce engagement solutions with integrated RingCentral MVP; and RingCX, an AI-powered contact center that a native delivers omnichannel experience. It provides RingCentral Video, a video meeting service that includes the company’s RCV video and team messaging capabilities; offers video and audio conferencing, team messaging, file sharing, contact, task, and calendar management, as well as pre-meeting, in-meeting, and post-meeting capabilities.

RingCentral, Inc. Fundamentals Summary

How do RingCentral's earnings and revenue compare to its market cap?
RNG fundamental statistics
Market capUS$2.68b
Earnings (TTM)-US$132.61m
Revenue (TTM)US$2.31b

1.2x

P/S Ratio

-20.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
RNG income statement (TTM)
RevenueUS$2.31b
Cost of RevenueUS$686.43m
Gross ProfitUS$1.62b
Other ExpensesUS$1.75b
Earnings-US$132.61m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)-1.44
Gross Margin70.24%
Net Profit Margin-5.75%
Debt/Equity Ratio-467.5%

How did RNG perform over the long term?

See historical performance and comparison