RingCentral Inc's fundamentals are relatively stable, and its growth potential is high.Its valuation is considered fairly valued, ranking 89/482 in the Software & IT Services industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Hold, with the highest price target at 33.76.In the medium term, the stock price is expected to remain stable.Despite an average stock market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
RingCentral Inc's Score
Industry at a Glance
Industry Ranking
89 / 482
Overall Ranking
154 / 4562
Industry
Software & IT Services
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Analyst Rating
Based on
18
analysts
Hold
Current Rating
33.758
Target Price
+14.08%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
RingCentral Inc Highlights
StrengthsRisks
RingCentral, Inc. is a provider of artificial intelligence (AI)-powered cloud business communications, contact center, video and hybrid event solutions. It has an AI-powered multi-product portfolio including unified communications as a service (UCaaS), contact center as a service (CCaaS), video and events, and RingSense AI solutions. Its multi-product portfolio includes RingEX, RingCentral Contact Center, RingCX, RingCentral Artificial Intelligence Solutions, and RingCentral Events. RingCentral Contact Center is a collaborative contact center solution that delivers AI-powered omnichannel and workforce engagement solutions integrated with RingEX. RingCX is its next-generation CCaaS solution, delivering an AI-powered customer engagement solution with customer relationship management (CRM) integrations and a broad ecosystem of integrated partner solutions. RingCentral Events solutions enable businesses to host virtual, hybrid, and in-person events with AI-powered engagement tools.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 20.72% year-on-year.
Overvalued
The company’s latest PE is 202.53, at a high 3-year percentile range.
Institutional Selling
The latest institutional holdings are 87.91M shares, decreasing 10.16% quarter-over-quarter.
RingCentral, Inc. is a provider of artificial intelligence (AI)-powered cloud business communications, contact center, video and hybrid event solutions. It has an AI-powered multi-product portfolio including unified communications as a service (UCaaS), contact center as a service (CCaaS), video and events, and RingSense AI solutions. Its multi-product portfolio includes RingEX, RingCentral Contact Center, RingCX, RingCentral Artificial Intelligence Solutions, and RingCentral Events. RingCentral Contact Center is a collaborative contact center solution that delivers AI-powered omnichannel and workforce engagement solutions integrated with RingEX. RingCX is its next-generation CCaaS solution, delivering an AI-powered customer engagement solution with customer relationship management (CRM) integrations and a broad ecosystem of integrated partner solutions. RingCentral Events solutions enable businesses to host virtual, hybrid, and in-person events with AI-powered engagement tools.
Ticker SymbolRNG
CompanyRingCentral Inc
CEOShmunis (Vladimir)
Websitehttps://www.ringcentral.com/
FAQs
What is the current price of RingCentral Inc (RNG)?
The current price of RingCentral Inc (RNG) is 29.560.
What is the symbol of RingCentral Inc?
The ticker symbol of RingCentral Inc is RNG.
What is the 52-week high of RingCentral Inc?
The 52-week high of RingCentral Inc is 37.750.
What is the 52-week low of RingCentral Inc?
The 52-week low of RingCentral Inc is 20.585.
What is the market capitalization of RingCentral Inc?
The market capitalization of RingCentral Inc is 2.56B.
What is the net income of RingCentral Inc?
The net income of RingCentral Inc is -58.29M.
Is RingCentral Inc (RNG) currently rated as Buy, Hold, or Sell?
According to analysts, RingCentral Inc (RNG) has an overall rating of Hold, with a price target of 33.758.
What is the Earnings Per Share (EPS TTM) of RingCentral Inc (RNG)?
The Earnings Per Share (EPS TTM) of RingCentral Inc (RNG) is 0.144.