19-Apr-2024
No headlines found.
RingCentral Announces Date of First Quarter 2024 Financial Results Conference Call
Business Wire (Wed, 17-Apr 4:05 PM ET)
RingCentral Named an Official Enterprise Cloud Communications Partner of the San Francisco Giants
Business Wire (Thu, 11-Apr 8:00 AM ET)
Brightspeed Launches Brightspeed Voice+ with RingCentral for Enterprise Customers
Business Wire (Tue, 2-Apr 8:00 AM ET)
Business Wire (Tue, 26-Mar 8:00 AM ET)
RingCentral Reimagines the Business Phone System with Real-Time AI
Business Wire (Mon, 25-Mar 8:00 AM ET)
Business Wire (Mon, 11-Mar 8:35 PM ET)
RingCentral to Present at Upcoming Investor Conferences
Business Wire (Thu, 22-Feb 4:05 PM ET)
RingCentral Announces Fourth Quarter and Fiscal Year 2023 Results
Business Wire (Tue, 20-Feb 4:05 PM ET)
Business Wire (Tue, 20-Feb 4:05 PM ET)
RingCentral Appoints Prat Bhatt to Board of Directors
Business Wire (Tue, 20-Feb 4:05 PM ET)
RingCentral is a unified communications as a service, or UCaaS, provider. Its software helps users communicate and collaborate via voice, video, and messaging across all device types and all from one platform. RingCentral helps customers modernize and move from legacy on-premises systems to modern, cloud-based systems. Beyond its core RingCentral MVP solution, RingCentral also offers a cloud-based contact center solution, a stand-alone video meetings solution, and webinars.
Ringcentral Class A trades on the NYSE stock market under the symbol RNG.
As of April 19, 2024, RNG stock price climbed to $29.36 with 694,946 million shares trading.
RNG has a beta of 2.29, meaning it tends to be more sensitive to market movements. RNG has a correlation of 0.31 to the broad based SPY ETF.
RNG has a market cap of $2.71 billion. This is considered a Mid Cap stock.
Last quarter Ringcentral Class A reported $571 million in Revenue and $.86 earnings per share. This beat revenue expectation by $850,833 and exceeded earnings estimates by $.04.
In the last 3 years, RNG stock traded as high as $337.34 and as low as $25.08.
The top ETF exchange traded funds that RNG belongs to (by Net Assets): VTI, VB, SKYY, VBR, COWZ.
RNG has underperformed the market in the last year with a price return of +0.7% while the SPY ETF gained +21.2%. RNG has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -14.8% and -9.4%, respectively, while the SPY returned +3.0% and -4.5%, respectively.
RNG support price is $28.54 and resistance is $29.96 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RNG stock will trade within this expected range on the day.