Is RingCentral (ring) stock a buy or sell?
RingCentral has received a consensus rating of Buy. The company's average rating score is 2.89, and is based on 15 buy ratings, 3 hold ratings, and no sell ratings. According to analysts' consensus price target of $372.62, RingCentral has a forecasted upside of 92.5% from its current price of $193.57.
What is the upside for RingCentral's stock?
19 brokers have issued 1-year target prices for RingCentral's shares. Their forecasts range from $220.00 to $535.00. On average, they expect RingCentral's share price to reach $372.62 in the next year. This suggests a possible upside of 91.0% from the stock's current price.
Is RingCentral’s exposure to midsize firms harming its growth?
RingCentral’s relatively high exposure to small and midsize firms may increase churn and limit future growth. RingCentral operates in a highly competitive environment and large players could take market share away from the firm. © 2021 Yahoo.
What does RingCentral do?
RingCentral, Inc. engages in the provision of global enterprise cloud communications and collaboration solutions.
Why is Ring central stock dropping?
RingCentral stock tumbled after the earnings report. Shares of the cloud-based communications services company are down almost 15% on Wednesday, despite reporting what would appear to be a classic beat-and-raise earnings report after the close of trading on Tuesday.
Will RingCentral stock go back up?
Stock Price Forecast The 24 analysts offering 12-month price forecasts for RingCentral Inc have a median target of 119.00, with a high estimate of 225.00 and a low estimate of 80.00. The median estimate represents a +80.80% increase from the last price of 65.82.
Is RingCentral stock a good 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 RingCentral overvalued?
Valuation metrics show that Ringcentral, Inc. may be overvalued. Its Value Score of D indicates it would be a bad pick for value investors. The financial health and growth prospects of RNG, demonstrate its potential to underperform the market.
Is ringcentral undervalued?
Slightly overvalued with limited growth.
Will ZM stock go up?
In the third quarter of fiscal 2022 (ending Oct. 31, 2021), Zoom reported $1.05 billion in revenue, a 35% increase year over year. Its full-year 2022 revenue guidance of $4 billion would mean 51% growth compared to fiscal 2021.
Is RingCentral profitable?
RingCentral has seen its stock price retreat more than -60% YTD. The company struggles to reach profitability as marketing and R&D spending outpaces revenue growth. Recent results recorded a beat on EPS and Revenue, with 2022 guidance raised.
How to invest in Ring stock?
Shares of RING can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Where is RingCentral located?
What is RingCentral software?
has strategic partnerships with Alcatel-Lucent Enterprise; and Vodafone Business. The company was incorporated in 1999 and is headquartered in Belmont, California.
About RingCentral
RingCentral, Inc. provides software-as-a-service solutions that enable businesses to communicate, collaborate, and connect in North America. Its products include RingCentral Office that provides communication and collaboration across various modes, including high-definition voice, video, SMS, messaging and collaboration, conferencing, online meetings, and fax; RingCentral Contact Center, a collaborative contact center solution that delivers omni-channel; and RingCentral Engage Digital, a digital customer engagement platform that allows enterprises to interact with their customers. The company’s products also comprise RingCentral Engage Voice, a cloud-based outbound/blended customer engagement platform for midsize and enterprise companies; RingCentral Glip, a team messaging and collaboration solution that allows a range of teams to stay connected through various modes of communication through an integration with RingCentral Office; and RingCentral Live Reports, an add-on for RingCentral Office customers to gather real-time information. In addition, it offers RingCentral Professional, a cloud based virtual telephone service that provides inbound call answering and management services for professionals; and RingCentral Fax that provides online fax capabilities. The company serves a range of industries, including financial services, education, healthcare, legal services, real estate, retail, technology, insurance, construction, hospitality, and state and local government, as well as others. It sells its products through a network of direct sales representatives, as well as sales agents, resellers, and channel partners. RingCentral, Inc. has strategic partnerships with Alcatel-Lucent Enterprise; and Vodafone Business. The company was incorporated in 1999 and is headquartered in Belmont, California.
Headlines
RingCentral, Inc. engages in the provision of global enterprise cloud communications and collaboration solutions.
RingCentral (NYSE:RNG) Frequently Asked Questions
RingCentral Stock Is Tumbling. Blame Valuation and Competition. - Barron's
The red-hot cloud communications sector is cooling down thanks to widespread vaccination against COVID-19
21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for RingCentral in the last year. There are currently 3 hold ratings, 17 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" RingCentral stock. View analyst ratings for RingCentral or view top-rated stocks.
What happened
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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.
Quarter Details
RingCentral's decline includes an 8% drop today, as video conferencing specialist Zoom Video Communications ( NASDAQ:ZM) is buying Five9 ( NASDAQ:FIVN), a provider of cloud-based call center software, in a $14.7 billion deal. That business combination might tighten the competition for cloud-based calling services, which is RingCentral's home turf.
Key Q4 Developments
Software-subscription (91.6% of total revenues) revenues surged 33.6% year over year to $306.5 million. Annualized Exit Monthly Recurring Subscriptions (“ARR”) increased 35% year over year to $1.3 billion. RingCentral Office ARR soared 39% year over year to $1.2 billion.
Guidance
During the quarter, the company announced that RingCentral Global Office will be available in six continents including Africa, Asia, Australia, Europe, North America and South America.
