Ringcentral Stock Today
| RNG Stock | USD 36.91 2.04 5.85% |
Performance5 of 100
| Odds Of DistressLess than 32
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Ringcentral is trading at 36.91 as of the 24th of November 2024. This is a 5.85 percent increase since the beginning of the trading day. The stock's lowest day price was 34.92. Ringcentral has about a 32 percent probability of financial distress in the next few years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for Ringcentral are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of September 2024 and ending today, the 24th of November 2024. Click here to learn more.
Business Domain Software & Services | IPO Date 27th of September 2013 | Category Technology | Classification Information Technology |
RingCentral, Inc. provides software-as-a-service solutions that enable businesses to communicate, collaborate, and connect in North America. The company was incorporated in 1999 and is headquartered in Belmont, California. Ringcentral operates under SoftwareApplication classification in the United States and is traded on New York Stock Exchange. The company has 80.51 M outstanding shares of which 5.14 M shares are at this time shorted by investors with about 4.18 days to cover. More on Ringcentral
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Ringcentral Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| Chairman | Vladimir Shmunis | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Name | Reliant Gold Corp | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Application Software, Software - Application, Information Technology, NYSE Composite, ISE Cloud Computing, Information Technology, Software, Software—Application, Technology (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Financial Strength
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Debt LevelsRingcentral can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Ringcentral's financial leverage. It provides some insight into what part of Ringcentral's total assets is financed by creditors.
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Ringcentral (RNG) is traded on New York Stock Exchange in USA. It is located in 20 Davis Drive, Belmont, CA, United States, 94002 and employs 4,084 people. Ringcentral is listed under Application Software category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 3.34 B. Ringcentral runs under Software sector within Information Technology industry. The entity has 80.51 M outstanding shares of which 5.14 M shares are at this time shorted by investors with about 4.18 days to cover.
Ringcentral has about 269.98 M in cash with 399.66 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.21.
Check Ringcentral Probability Of Bankruptcy
Ownership AllocationThe majority of Ringcentral outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Ringcentral to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Ringcentral. Please pay attention to any change in the institutional holdings of Ringcentral as this could imply that something significant has changed or is about to change at the company.
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Ringcentral Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Fmr Inc | 2024-09-30 | 1.4 M | |
| Geode Capital Management, Llc | 2024-09-30 | 1.3 M | |
| Maple Rock Capital Partners, Inc. | 2024-06-30 | 1.3 M | |
| Norges Bank | 2024-06-30 | 1 M | |
| Jupiter Asset Management Limited | 2024-09-30 | 1 M | |
| Morgan Stanley - Brokerage Accounts | 2024-06-30 | 923.9 K | |
| Aqr Capital Management Llc | 2024-06-30 | 881.1 K | |
| Charles Schwab Investment Management Inc | 2024-09-30 | 822.1 K | |
| Qube Research & Technologies | 2024-06-30 | 764.4 K | |
| Vanguard Group Inc | 2024-09-30 | 11.7 M | |
| Capital World Investors | 2024-09-30 | 10.1 M |
Ringcentral Historical Income Statement
Ringcentral Stock Against Markets
Ringcentral Corporate Directors
| Michelle McKenna | Independent Directors | Profile | |
| Robert Theis | Lead Independent Director | Profile | |
| Godfrey Sullivan | Independent Director | Profile | |
| Arne Duncan | Independent Director | Profile |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ringcentral. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. For more detail on how to invest in Ringcentral Stock please use our How to Invest in Ringcentral guide.You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ringcentral. If investors know Ringcentral will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ringcentral listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.05) | Revenue Per Share 25.361 | Quarterly Revenue Growth 0.091 | Return On Assets (0.01) | Return On Equity (6.89) |
The market value of Ringcentral is measured differently than its book value, which is the value of Ringcentral that is recorded on the company's balance sheet. Investors also form their own opinion of Ringcentral's value that differs from its market value or its book value, called intrinsic value, which is Ringcentral's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ringcentral's market value can be influenced by many factors that don't directly affect Ringcentral's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ringcentral's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ringcentral is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ringcentral's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.