RNG - RingCentral, Inc.
| Previous Close | 160.75 |
| Open | 159.96 |
| Bid | 163.55 x 1200 |
| Ask | 163.60 x 800 |
| Day's Range | 159.25 - 164.13 |
| 52 Week Range | 69.84 - 177.99 |
| Volume | 779,690 |
| Avg. Volume | 1,280,777 |
| Market Cap | 14B |
| Beta (5Y Monthly) | 0.92 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.41 |
| Earnings Date | Feb 10, 2020 - Feb 14, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 193.71 |
- Investor's Business Daily
No. 1 Ranked Stock With 62% EPS Growth, 50.9% ROE Tests Buy Zone
After joining ServiceNow, RingCentral and Paylocity on the latest list of new buys by the best mutual funds, Paycom is testing a new buy zone.
- Benzinga
Bank Of America: RingCentral's Partnership With Avaya Off To Strong Start
RingCentral Inc (NYSE: RNG ) announced in October a strategic partnership with Avaya Holdings Corp (NYSE: AVYA ) to introduce Avaya Cloud Office by RingCentral ("ACO") and early checks by BofA ...
- Investor's Business Daily
RingCentral Stock Gets Boost From Cloud Shift, Avaya, AT&T Deals
An expanding partner channel has boosted RingCentral stock, which has doubled in 2019. RingCentral deals with Avaya and AT&T; could give it an edge in business communications software.
- Investor's Business Daily
RingCentral CEO Vlad Shmunis Dials Up A Startup Mentality
Vlad Shmunis made a fortune twice from his business idea. What's the secret of the billionaire RingCentral CEO? Find value when others can't see it.
- American City Business Journals
Former head of Oakland Coliseum Authority charged with conflict-of-interest felony
Prosecutors said the Coliseum Authority is seeking to renegotiate the naming rights of the stadium due to the potential conflict of interest of the current deal.
- PR Newswire
Frost & Sullivan Awards RingCentral for its Innovation-backed Growth in the Hosted IP Telephony and UCaaS Market
Based on its recent analysis of the North American hosted Internet protocol (IP) telephony and Unified Communication-as-a-Service (UCaaS) market, Frost & Sullivan recognizes RingCentral, Inc. with the 2019 North American Market Leadership Award. RingCentral has achieved user and revenue share leadership on the back of innovation and a vision to deliver comprehensive, secure, and reliable communications solutions to businesses. With approximately 2 million users globally and a compound annual growth rate (CAGR) of approximately 33 percent over the past five years RingCentral was declared by Frost & Sullivan the clear market leader in the region.
- Business Wire
RingCentral Appoints Richard Massey as Regional VP of EMEA Channel
RingCentral UK Ltd., a leading provider of global enterprise cloud communications, collaboration, and contact centre solutions and a wholly-owned subsidiary of RingCentral, Inc. (RNG), today announced the appointment of Richard Massey as Regional VP of EMEA Channel. Based in London, Richard will be responsible for growing RingCentral’s EMEA channel business. Richard joins RingCentral from Fujitsu, where he was Head of Strategy for Unified Communications and Contact Centre for EMEA.
- TipRanks
Rosenblatt: Top 3 Tech Stock Picks Heading Into 2020
Founded back in 1979, when it acted as a floor broker on the New York Stock Exchange, Rosenblatt Securities has grown and adapted, becoming a major figure in the agency brokerage niche and the largest single broker on the NYSE floor. Analytics and research are key to success in investment banking and floor trading. After all, it’s impossible to know the right market moves without knowing what’s happening behind the scenes of potential equity investments. Rosenblatt’s market research arm delves into the depths, finding out what makes stocks tick, so the firm’s clients can make the best-informed decisions.Today, we’ll look at Rosenblatt’s annual report, entitled "Our Top Core Holdings Ideas to Celebrate Rosenblatt's 40th Anniversary," to outline the firm's ‘top picks.’ These stocks picked out by top-rated analysts and investors should take note.Specifically, we'll take a look at three stocks that are more purely tech-oriented, that have changed the game in their particular niches, and brought impressive gains to investors. Adding to the good news, TipRanks’ Stock Screener shows that each has racked up enough analyst support in the last three months to earn a “strong buy” consensus rating.Let's take a closer look and see why these stocks truly are top picks:Splunk (SPLK)As if to underscore the importance of data analysis, Splunk is first on our list here. This San Francisco-based software company offers products that monitor, search, and analyze the machine generated big data, indexes and correlates the results, and makes the whole available to customers through a browser-style interface. In short, Splunk makes it easy for its customers to use all of their accumulated information. In recent years, Splunk has also begun offering software products for security analytics and Internet of Things applications.Businesses need Splunk’s products, and that need has powered Splunk’s success. The company’s EPS, at 58 cents, beat the estimate by a significant margin and was also 52% higher than the year-ago quarter. Revenues were strong, too, and at $602 million showed a 29% year-over-year gain. With fast growth rates like those, you won’t be surprised to learn that SPLK is up 44% in 2019.5-star Rosenblatt analyst Yun Kim reviewed SPLK and came away deeply impressed. In a list of reasons to own shares in the company, he wrote, “[Splunk is the] emerging de facto enterprise standard in IT, along with the likes of CRM, ORCL, SAP and MSFT... It is at the foundation of the current data-driven digital transformation secular trend… We also note that SPLK closed 24 $10M+ deals last year and 10 such deals two years ago, indicating more of its customers are adopting SPLK as its enterprise standard.”A growing industry consensus that Splunk is the way forward for data aggregation, combined with an increasing number of major sales, led Kim to give SPLK a Buy rating and a $200 price target – suggesting an impressive 32% upside. (To watch Kim's track record, click here)Kim’s bullish stance on Splunk is in line with Wall Street’s view. SPLK has a Strong Buy consensus rating, based on no less than 25 Buy ratings set in recent weeks. Shares are trading for $149.37, and the stock’s recent strong gains have pushed that price close to the average price target of $158.43, leaving a modest 6% upside. If Splunk continues to perform, expect the analysts to adjust the target upwards. (See Splunk stock analysis on TipRanks)PayPal (PYPL)PayPal’s impressive growth has been powered by its domination of the payment processing niche. The company has turned digital payments into the preferred method for online transactions, helping move along the dramatic expansion of e-commerce in recent years. The rewards have been substantial: in fiscal 2018, PayPal saw more than $15 billion in revenues, and over $2 billion in net profits. For 2019 the stock has gained 28%, even after slipping from its peak price in July. This gives PayPal a 3-point advantage over the S&P 500’s year-to-date growth.A look at the company’s Q3 report will show some details of the growth. Total payment volume, a key metric of the value of transactions put through PayPal’s system, rose to $178.67 billion, growing 25%. Revenue was up 19% to $4.38 billion, and EPS showed an 8% year-over-year gain to 39 cents. But the best news for investors was the revision to full-year 2019 EPS. The company bumped it up to $3.07, 3.3% higher than the Street’s expectations. Growth in every metric, and plenty of share price appreciation make PYPL a winner for investors.5-star Rosenblatt analyst Kenneth Hill sees room for an additional 18% upside in PYPL shares. Hill points out several of PayPal’s positional advantages: “Best-in-class, two-sided ecosystem with PayPal’s and Venmo's more than 275mn active Consumer accounts and 24mn Merchant accounts… Clear path ahead to increasing Venmo monetization from Pay with Venmo and Venmo Debit/ Credit, in addition to Instant Transfer… Long-term potential to be a first mover in Asia… complimenting efforts in Europe and Latin America…”Hill sees PayPal with a strong competitive advantage, and puts a $128 price target on the stock to compliment his Buy rating. (To watch Hill's track record, click here)Wall Street generally agrees with Hill. PayPal’s Strong Buy consensus rating is based on 22 Buys, and only 3 Holds. The average price target, $125.86 suggests that PYPL still has room for 16% growth. (See PayPal stock analysis on TipRanks)RingCentral (RNG)The emergence of cloud computing has brought sea-changes to every imaginable niche in the business world. RingCentral has connected it to the world of communications, providing software solutions to combine office computer and telephone systems. The company’s core product, RingCentral Office, is compatible with other popular applications like Salesforce, Outlook, Google Docs, and DropBox, while providing unique features in call forwarding, multiple telephone extensions, video conferencing, and screen sharing. In short, RingCentral lets customers link and control all of their office communication systems.In Q3, RingCentral posted EPS of 22 cents, beating both the analyst consensus and the year-ago number by 15%. The company’s stock has surged in recent months, bringing its year-to-date gain up to 108% – RNG has more than doubled in value in 2019, and the year’s not over yet. A couple of additional numbers from the recent quarter make it clear why RNG has gained so much. The company’s software subscription increased 33% year-over-year, to reach $210.9 million, while revenues grew to $233.4 million. And while the company was posting this growth, it was also boosting R&D expenditures by 30%.Analyst Ryan Koontz wrote up Rosenblatt’s note on RingCentral, summing up the bottom line in a clear, bullish stand. He wrote, “While RingCentral’s products are strong and arguably the best in the industry, we are most impressed with RingCentral’s commanding go-to-market strategy and execution. The company has built an industry leading team... RingCentral is the largest UCaaS vendor in the market and has continued to take share, growing revenues faster than all of its major competitors.” Koontz was especially cognizant of RingCentral’s new strategic partnership with Avaya, a leader in contact center technology. The joint endeavor was announced this past October and has generated great excitement in the industry.Koontz puts a $210 price target on RNG shares, implying a 22% upside to the stock. Wall Street is in general agreement with his stance, although more conservative on the price target. RNG’s Strong Buy analyst consensus is built from 14 Buy ratings and a single Hold, while the $186 average price target is 8.6% higher than the current $171 share price. (See RingCentral stock analysis on TipRanks)
- Insider Monkey
Hedge Funds Have Never Been More Bullish On RingCentral Inc (RNG)
We are still in an overall bull market and many stocks that smart money investors were piling into surged through November 22nd. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 52% and 49% respectively. Hedge funds' top 3 stock picks returned 39.1% this year and beat the S&P […]
- Investor's Business Daily
Stocks To Watch: 154 Funds Own This Stock With 125% Growth
Along with Paycom, ServiceNow and Paylocity, RingCentral is among the top stocks to watch. It's showing 125% average EPS growth over the last three years.
- Business Wire
Westcon Becomes RingCentral Platinum Partner
Westcon, the global technology distributor, today announced that it has been named a Platinum Partner of RingCentral UK Ltd., a leading provider of global enterprise cloud communications, collaboration, and contact centre solutions and a wholly-owned subsidiary of RingCentral, Inc. (RNG). Being named a Platinum Partner cements Westcon’s status as one of RingCentral’s most strategic partners. This news follows the announcement earlier this year that Westcon is now a Master Agent for RingCentral in the UK and Ireland, making the value-added distributor RingCentral’s lead partner in its new master agency model for Europe.
- Business Wire
Institutional Investor Ranks RingCentral’s CEO, CFO, and Investor Relations First Place in Each Individual Category for 2020 All-America Executive Team Software Sector
RingCentral, Inc. , a leading provider of global enterprise cloud communications, collaboration, and contact center solutions, today announced its executive and investor relations leadership ranked first place in the prestigious Institutional Investor 2020 All-America Executive Team.
- Thomson Reuters StreetEvents
Edited Transcript of RNG earnings conference call or presentation 4-Nov-19 10:00pm GMT
Q3 2019 RingCentral Inc Earnings Call
- Newsfile
Matrix Networks Named a RingCentral Preferred Partner
Portland, Oregon--(Newsfile Corp. - November 14, 2019) - Matrix Networks, a leader in selection, deployment, and support of collaboration and networking technologies, today announced that it has been named a Preferred Partner of RingCentral, Inc. (NYSE: RNG), a leading provider of global enterprise cloud communications, collaboration, and contact center solutions.Through this partnership, Matrix Networks will continue to deploy RingCentral solutions, including RingCentral Office® and RingCentral Contact Center™, to business customers using Matrix Networks' unique ...
- Investor's Business Daily
Enterprise Software Stock With 165% Growth May Fund New Breakout
As Salesforce.com sets up and RingCentral eyes a new all-time high, fellow enterprise software leader Paylocity approaches a new buy point.
- Business Wire
Avaya Announces Offering of Class A RingCentral Common Stock
Avaya Holdings Corp. (AVYA), a global leader in solutions to enhance and simplify communications and collaboration, announced today that Avaya Inc. intends to offer in an underwritten public offering 1,750,000 shares of RingCentral, Inc. (RNG) Class A common stock (the “Offering”). The Offering consists entirely of shares to be sold by Avaya Inc. RingCentral will not receive any of the proceeds from the shares sold in the Offering nor will RingCentral be subject to lock up restrictions. Avaya will be subject to customary lock up restrictions.
- Business Wire
RingCentral, Inc. Announces Issuance of Class A Common Stock to Avaya in Connection with Strategic Partnership
RingCentral has filed an automatically effective registration statement on Form S-3 with the Securities and Exchange Commission, which will cover the resale of all of the shares of Class A common stock issued to Avaya. RingCentral is a leading provider of global enterprise cloud communications, collaboration, and contact center solutions. More flexible and cost-effective than legacy on-premises systems, the RingCentral platform empowers employees to work better together, from any location, on any device, and via any mode to serve customers, improving business efficiency and customer satisfaction.
- Business Wire
Largest Wholesale Grocery Supply Company in US Powers Growing Mobile Workforce with RingCentral Cloud Communications Solutions
RingCentral, Inc. (RNG), a leading provider of global enterprise cloud communications, collaboration, and contact center solutions, today announced that it has been selected by C&S Wholesale Grocers, Inc., the largest wholesale grocery supply company in the US, to enable its growing remote and distributed workforce and boost customer engagement. With more than 45 locations nationwide, C&S needed a cloud communications solution that enhances mobility, improves employee collaboration, and integrates with other cloud business applications.
- Investor's Business Daily
Five9 Stock Pops; Software Maker's Earnings Top Views, Guidance Hiked
Five9 stock popped as Q3 earnings and revenue topped expectations. The maker of the business communications software also raised full-year guidance.
- Zacks
RingCentral (RNG) Q3 Earnings Beat Estimates, Revenues Up Y/Y
RingCentral's (RNG) third-quarter 2019 results reflect solid demand for cloud communication solutions and an expanding partner base.
