Why is RingCentral (RNG) stock trading higher Wednesday?
Mar 30, 2022 · RingCentral Stock Forecast, Price & News $106.62 -3.62 (-3.28%) (As of 04/14/2022 12:00 AM ET) Today's Range $105.80 $111.45 50-Day Range $99.65 $173.28 52-Week Range $98.91 $337.34 Volume 940,315 shs Average Volume 1.08 million shs Market Capitalization $9.83 billion P/E Ratio N/A Dividend Yield N/A Beta 0.76 Profile Analyst Ratings …
Where can I buy shares of Rng?
Apr 08, 2022 · According to 33 analysts, the average rating for RNG stock is "Buy." The 12-month stock price forecast is 232.36, which is an increase of 107.84% from the latest price.
What is the best price to sell RNG on weekly sell?
The Ascent RingCentral (RNG) New York Stock Exchange RNG $110.24 $2.18 2.0% Price as of April 13, 2022, 4:00 p.m. ET View Interactive RNG Charts RingCentral Inc. is a provider of...
Why is rng so much better than ZM?
RNG on weekly Sell at the current price with a classic target of 17.00, with a drop of 93.00%. Possible reversal area for prices from 88.35 to 77.65, with a decrease of 64.45% stop loss by weekly closing above 310.07
Is RNG a good stock to buy?
Out of 15 analysts, 10 (66.67%) are recommending RNG as a Strong Buy, 2 (13.33%) are recommending RNG as a Buy, 3 (20%) are recommending RNG as a Hold, 0 (0%) are recommending RNG as a Sell, and 0 (0%) are recommending RNG as a Strong Sell. What is RNG's earnings growth forecast for 2022-2024?
Why is RNG stock going down?
Price target cuts weigh on shares. RingCentral (NYSE:RNG) shares fell sharply on Wednesday as the workflow management company posted better-than-expected fourth-quarter earnings and strong guidance, but a number of analysts cut their price targets, despite the positive results.Feb 23, 2022
Is RingCentral a buy?
RingCentral has received a consensus rating of Buy. The company's average rating score is 2.90, and is based on 17 buy ratings, 3 hold ratings, and no sell ratings.
Is RNG overvalued?
PB vs Industry: RNG is overvalued based on its PB Ratio (31.1x) compared to the US Software industry average (4.2x).
Is Ring Central profitable?
Revenue: Total revenue was $415 million for the third quarter of 2021, up from $304 million in the third quarter of 2020, representing 37% growth. Subscriptions revenue of $385 million increased 38% year over year and accounted for 93% of total revenue.Nov 9, 2021
How do I contact ringcentral?
(888) 528-7464RingCentral / Customer service
Will RNG stock go up?
Stock Price Forecast The 25 analysts offering 12-month price forecasts for RingCentral Inc have a median target of 225.00, with a high estimate of 300.00 and a low estimate of 165.00. The median estimate represents a +85.14% increase from the last price of 121.53.
Is RingCentral undervalued?
RingCentral is one of the most undervalued stocks in the market when we compare its price to Wall Street's average target price of $407, which is 85% higher than the current market price.Sep 23, 2021
Is RingCentral a buy right now?
21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for RingCentral in the last twelve months. There are currently 3 hol...
How has RingCentral's stock price been impacted by Coronavirus (COVID-19)?
RingCentral's stock was trading at $199.34 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Or...
When is RingCentral's next earnings date?
RingCentral is scheduled to release its next quarterly earnings announcement on Tuesday, May 3rd 2022. View our earnings forecast for RingCentral .
How were RingCentral's earnings last quarter?
RingCentral, Inc. (NYSE:RNG) released its quarterly earnings data on Tuesday, February, 22nd. The software maker reported $0.39 EPS for the quarter...
What guidance has RingCentral issued on next quarter's earnings?
RingCentral updated its FY 2022 earnings guidance on Tuesday, March, 8th. The company provided earnings per share (EPS) guidance of $1.690-$1.720 f...
What price target have analysts set for RNG?
21 brokerages have issued 12-month target prices for RingCentral's stock. Their forecasts range from $165.00 to $450.00. On average, they expect Ri...
Who are RingCentral's key executives?
RingCentral's management team includes the following people: Vladimir G. Shmunis , Chairman & Chief Executive Officer Mo Katibeh , Chief Operati...
What is Vlad Shmunis' approval rating as RingCentral's CEO?
659 employees have rated RingCentral CEO Vlad Shmunis on Glassdoor.com . Vlad Shmunis has an approval rating of 98% among RingCentral's employees....
Who are some of RingCentral's key competitors?
Some companies that are related to RingCentral include Verisk Analytics (VRSK) , Zendesk (ZEN) , Zynga (ZNGA) , Globant (GLOB) , Clarivate (CL...
Is RingCentral a buy right now?
What stocks does MarketBeat like better than RingCentral?
16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for RingCentral in the last twelve months. There are currently 2 hold ratings, 13 buy ratings and 1 strong buy rating for the stock.
Are investors shorting RingCentral?
Wall Street analysts have given RingCentral a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but RingCentral wasn't one of them.
When is RingCentral's next earnings date?
RingCentral saw a increase in short interest in July. As of July 30th, there was short interest totaling 7,180,000 shares, an increase of 22.9% from the July 15th total of 5,840,000 shares. Based on an average trading volume of 1,110,000 shares, the days-to-cover ratio is currently 6.5 days.
How were RingCentral's earnings last quarter?
RingCentral is scheduled to release its next quarterly earnings announcement on Monday, November 8th 2021.#N#View our earnings forecast for RingCentral.
How has RingCentral's stock price been impacted by COVID-19 (Coronavirus)?
RingCentral, Inc. (NYSE:RNG) released its earnings results on Tuesday, August, 3rd. The software maker reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.57) by $0.89.
What guidance has RingCentral issued on next quarter's earnings?
RingCentral's stock was trading at $199.34 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, RNG shares have increased by 25.8% and is now trading at $250.81.#N#View which stocks have been most impacted by COVID-19.
About RNG
RingCentral updated its FY 2021 earnings guidance on Tuesday, August, 17th. The company provided earnings per share guidance of $1.280-$1.300 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.260.
Financial Performance
RingCentral, Inc. provides software-as-a-service solutions that enable businesses to communicate, collaborate, and connect in North America.
Analyst Forecast
In 2020, RingCentral's revenue was $1.18 billion, an increase of 31.10% compared to the previous year's $902.86 million. Losses were -$83.00 million, 54.8% more than in 2019.
News
According to 25 analysts, the average rating for RingCentral stock is "Strong Buy." The 12-month stock price forecast is 404.96, which is an increase of 82.90% from the latest price.
Ideas
RingCentral (RNG) reported earnings 30 days ago. What's next for the stock?
Profile
It may not be the best of trades, but it seems like a good opportunity to me. The algorithmic advisor Market Miracle last night provided an input signal for the company $RNG Ringcentral the signal is perhaps beyond my expectations since it foresees a possible price increase of over 50 percentage points.
How much did RingCentral stock fall in 2021?
RingCentral, Inc. engages in the provision of global enterprise cloud communications and collaboration solutions.
Is RingCentral stock a sell signal?
The RingCentral, Inc. stock price fell by -2.47% on the last day (Thursday, 8th Jul 2021) from $299.82 to $292.41. and has now fallen 3 days in a row. During the day the stock fluctuated 3.02% from a day low at $287.36 to a day high of $296.03. The price has fallen in 6 of the last 10 days and is down by -1.65% for this period. Volume has increased on the last day by 86 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 637 thousand shares were bought and sold for approximately $186.24 million.
What is RingCentral's consensus rating and price target?
The RingCentral, Inc. stock holds a sell signal from the short-term moving average ; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $295.45. On a fall, the stock will find some support from the long-term average at approximately $274.32. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, June 28, 2021, and so far it has fallen -4.73%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 months Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Do Wall Street analysts like RingCentral more than its competitors?
According to the issued ratings of 16 analysts in the last year, the consensus rating for RingCentral stock is Buy based on the current 2 hold ratings, 13 buy ratings and 1 strong buy rating for RNG. The average twelve-month price target for RingCentral is $431.16 with a high price target of $535.00 and a low price target of $300.00.
Do MarketBeat users like RingCentral more than its competitors?
Analysts like RingCentral stock more than the stock of other Computer and Technology companies. The consensus rating score for RingCentral is 2.94 while the average consensus rating score for computer and technology companies is 2.62. Learn more#N#on how RNG compares to other companies
Does RingCentral's stock price have much upside?
MarketBeat users like RingCentral stock more than the stock of other Computer and Technology companies. 79.92% of MarketBeat users gave RingCentral an outperform vote while computer and technology companies recieve an average of 68.01% outperform votes by MarketBeat users.
What analysts cover RingCentral?
According to analysts, RingCentral's stock has a predicted upside of 30.49% based on their 12-month price targets.
The red-hot cloud communications sector is cooling down thanks to widespread vaccination against COVID-19
RingCentral has been rated by Colliers Securities, Deutsche Bank Aktiengesellschaft, Needham & Company LLC, Piper Sandler, and UBS Group in the past 90 days.
What happened
Anders Bylund is a Foolish Technology and Entertainment Specialist. Where the two markets intersect, you'll find his wheelhouse. He has been an official Fool since 2006 but a jester all his life.
So what
Shares of cloud-based communications expert RingCentral ( NYSE:RNG) have fallen 34.1% this year as of today, according to data from S&P Global Market Intelligence.
Now what
Remote-work policies have been a boon for RingCentral during the coronavirus crisis, as the company's all-digital voice and video communication solutions came in handy for getting your job done from the living room or home office.
