RingCentral
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
0
Funds holding %
of 6,815 funds
0
Analysts bullish %
of 9 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
36% more call options, than puts
Call options by funds: $42.5M | Put options by funds: $31.3M
7% more capital invested
Capital invested by funds: $2.3B [Q2] → $2.47B (+$168M) [Q3]
5% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 42
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
0% less funds holding
Funds holding: 278 [Q2] → 277 (-1) [Q3]
10% less repeat investments, than reductions
Existing positions increased: 92 | Existing positions reduced: 102
4.02% less ownership
Funds ownership: 99.44% [Q2] → 95.42% (-4.02%) [Q3]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$30
9%
downside
Avg. target
$40
22%
upside
High target
$45
37%
upside
9 analyst ratings
3 positive
33%
5 neutral
56%
1 negative
11%
Wells Fargo Michael Turrin 48% 1-year accuracy 42 / 88 met price target | 9%downside $30 | Underweight Downgraded | 7 Jan 2025 |
Raymond James Brian Peterson 45% 1-year accuracy 10 / 22 met price target | 37%upside $45 | Outperform Downgraded | 3 Jan 2025 |
Morgan Stanley Meta Marshall 68% 1-year accuracy 17 / 25 met price target | 22%upside $40 | Equal-Weight Maintained | 18 Dec 2024 |
Mizuho Siti Panigrahi 45% 1-year accuracy 10 / 22 met price target | 28%upside $42 | Neutral Downgraded | 13 Dec 2024 |
Baird William Power 63% 1-year accuracy 15 / 24 met price target | 16%upside $38 | Neutral Maintained | 11 Nov 2024 |
Financial journalist opinion
Based on 4 articles about RNG published over the past 30 days
Positive
Zacks Investment Research
4 days ago
Why RingCentral (RNG) is a Top Value Stock for the Long-Term
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Positive
Zacks Investment Research
6 days ago
RNG Rises 20% in 6 Months: Here is Why It is a Must-Buy Stock Now
RingCentral's innovative AI-driven solutions and expanding global reach set the stage for continued growth and a stronger market position.
Positive
Seeking Alpha
1 week ago
RingCentral: Stock Poised To Outperform In 2025
RingCentral's recent 17% stock correction to $35 presents a buying opportunity, given its undervaluation and strong expected revenue/earnings growth. The company offers comprehensive cloud communication solutions, including AI-powered contact centers and video meeting services, enhancing business communication and customer engagement. RingCentral's improved gross margin and reduced expenses indicate a likely path to profitability in 2025.
Positive
Zacks Investment Research
3 weeks ago
Here's Why RingCentral (RNG) is a Strong Growth Stock
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Positive
Zacks Investment Research
1 month ago
Here's Why RingCentral (RNG) is a Strong Value Stock
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.
Positive
Zacks Investment Research
1 month ago
Why RingCentral (RNG) is a Top Growth Stock for the Long-Term
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.
Neutral
Business Wire
1 month ago
RingCentral Enhances Zendesk Integration to Streamline User Workflows and Personalize Customer Support
BELMONT, Calif.--(BUSINESS WIRE)-- #ringcx--RingCentral, Inc. (NYSE: RNG), a global leader in AI-powered trusted business communications for companies of all sizes, today announced that it has enhanced its Zendesk integration with the launch of Zendesk Talk Partner Edition for RingEX™. This solution seamlessly embeds RingEX's world-class voice capabilities and rich call data directly into the Zendesk customer support platform, empowering users with streamlined workflows and actionable insights that perso.
Positive
Seeking Alpha
1 month ago
RingCentral: Operational Excellence Amid A Forgettable Stock Performance Year
RingCentral's stock has underperformed, but its operational performance remains strong, achieving GAAP operating profitability and consistent earnings surprises over 20 quarters. The company's Q3 results showed impressive growth in subscription sales and free cash flow, with a notable improvement in GAAP operating margin. Despite financial challenges, including high liabilities and a low Altman Z-Score, RingCentral's AI-driven solutions and market leadership offer significant growth potential.
Neutral
Business Wire
1 month ago
RingCentral to Present at Upcoming Investor Conferences
BELMONT, Calif.--(BUSINESS WIRE)---- $RNG--RingCentral, Inc. (NYSE: RNG), a leading global provider of trusted AI communications for businesses of all sizes, today announced that members of its management team are scheduled to present at the following investor conferences: UBS Global Technology and AI Conference Date: Tuesday, December 3, 2024 Time: 10:15 a.m. MT (12:15 p.m. ET) Barclays 22nd Annual Global Technology Conference Date: Wednesday, December 11, 2024 Time: 10:25 a.m. PT (1:25 p.m. ET) A live.
Positive
Seeking Alpha
1 month ago
RingCentral: Under The Radar Pick -- Reiterating Buy
We're putting RingCentral, Inc. on investors' radar for next year. We think RingCentral's UCaaS platform with AI integration enhances its positioning to boost its total ARR growth in FY25. We also think management is executing strategically to boost its profitability and support further Free Cash Flow expansion.
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