RingCentral
RNG

$28.06

3.24%

Market Cap: $2.58B

About: RingCentral is a unified communications as a service, or UCaaS, provider. Its software helps users communicate and collaborate via voice, video, and messaging across all device types and all from one platform. RingCentral helps customers modernize and move from legacy on-premises systems to modern, cloud-based systems. Beyond its core RingCentral MVP solution, RingCentral also offers a cloud-based contact center solution, a stand-alone video meetings solution, and webinars.

Employees: 4,084

Information Technology Computer Processing & Data Preparation

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 8 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

43% more first-time investments, than exits

New positions opened: 60 | Existing positions closed: 42

24% more repeat investments, than reductions

Existing positions increased: 98 | Existing positions reduced: 79

7% more funds holding

Funds holding: 257 [Q1] → 275 (+18) [Q2]

1% more call options, than puts

Call options by funds: $35.5M | Put options by funds: $35.1M

0.58% more ownership

Funds ownership: 97.39% [Q1] → 97.97% (+0.58%) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

19% less capital invested

Capital invested by funds: $2.79B [Q1] → $2.27B (-$516M) [Q2]

See Fund Rankings

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$28

0%

upside

Avg. target

$39

39%

upside

High target

$50

78%

upside

8 analyst ratings

4 positive

50%

4 neutral

50%

0 negative

0%

Deutsche Bank Matthew Niknam 47% 1-year accuracy 7 / 15 met price target	60%upside $45	Buy Maintained	6 Aug 2024
Baird William Power 53% 1-year accuracy 9 / 17 met price target	28%upside $36	Neutral Maintained	5 Aug 2024
Needham Ryan Koontz 45% 1-year accuracy 40 / 88 met price target	50%upside $42	Buy Reiterated	5 Aug 2024
Wells Fargo Michael Turrin 54% 1-year accuracy 40 / 74 met price target	25%upside $35	Equal-Weight Maintained	2 Aug 2024
Northland Capital Markets Michael Latimore 35% 1-year accuracy 6 / 17 met price target	78%upside $50	Outperform Maintained	2 Aug 2024

See Analyst Rankings

Financial journalist opinion

Based on 9 articles about RNG published over the past 30 days

RingCentral starts search for new CFO as Sonalee Parekh resigns

RingCentral has launched a search for a new top finance executive, as its CFO, Sonalee Parekh, will resign, effective Sept. 10.

RingCentral starts search for new CFO as Sonalee Parekh resigns

RingCentral Announces CFO Transition

BELMONT, Calif.--(BUSINESS WIRE)---- $RNG--RingCentral today announced that Sonalee Parekh has resigned as Chief Financial Officer.

RingCentral Announces CFO Transition

Zacks Investment Research

Should Value Investors Buy Ringcentral (RNG) Stock?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Ringcentral (RNG) Stock?

Zacks Investment Research

RNG Adds AI Features to RingCX: Should Investors Buy the Stock?

RNG's growing AI prowess with the extension of AI-supported features of its contact center solution, RingCX, makes the stock attractive.

RNG Adds AI Features to RingCX: Should Investors Buy the Stock?

Zacks Investment Research

Why RingCentral (RNG) is a Top Growth Stock for the Long-Term

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

Why RingCentral (RNG) is a Top Growth Stock for the Long-Term

RingCentral Announces New AI-Powered Capabilities for RingCX

BELMONT, Calif.--(BUSINESS WIRE)-- #AI--RingCentral today announced new innovations for its AI-powered contact center solution, RingCX.

RingCentral Announces New AI-Powered Capabilities for RingCX

RingCentral to Present at Upcoming Investor Conference

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 announced that members of its management team are scheduled to present at the following investor conference: Goldman Sachs Communacopia + Technology Conference Date: Monday, September 9, 2024 Time: 2:25 p.m. PT (5:25 p.m. ET) A live webcast will be accessible on the Company's investor relations website at ir.ring.

RingCentral to Present at Upcoming Investor Conference

Zacks Investment Research

Why RingCentral (RNG) is a Top Value Stock for the Long-Term

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Why RingCentral (RNG) is a Top Value Stock for the Long-Term

Zacks Investment Research

Does RingCentral (RNG) Have the Potential to Rally 25.6% as Wall Street Analysts Expect?

The average of price targets set by Wall Street analysts indicates a potential upside of 25.6% in RingCentral (RNG). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Does RingCentral (RNG) Have the Potential to Rally 25.6% as Wall Street Analysts Expect?

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