RNG Stock - RingCentral, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $2.40B | $2.20B | $1.99B | $1.59B | $1.18B |
| Gross Profit | $1.69B | $1.54B | $1.35B | $1.15B | $860.05M |
| Gross Margin | 70.6% | 69.8% | 67.7% | 71.9% | 72.7% |
| Operating Income | $2.67M | $-198,811,000 | $-649,475,000 | $-301,786,000 | $-113,239,000 |
| Net Income | $-58,288,000 | $-165,240,000 | $-879,166,000 | $-376,250,000 | $-82,996,000 |
| Net Margin | -2.4% | -7.5% | -44.2% | -23.6% | -7.0% |
| EPS | $-0.63 | $-1.74 | $-9.23 | $-4.10 | $-0.94 |
RingCentral, Inc. provides software-as-a-service solutions that enable businesses to communicate, collaborate, and connect in North America. The company offers business cloud communications and contact center solutions based on its Message Video Phone? platform. 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 Video, a video meeting service which includes our RCV video and team messaging capabilities and offers video and audio conferencing, file sharing, contact, task, and calendar management. 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.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 1st 2025 | Wells Fargo | Initiation | Equal Weight | $32 |
| August 6th 2025 | Oppenheimer | Upgrade | Outperform | $35 |
| June 6th 2025 | KeyBanc Capital Markets | Initiation | Sector Weight | - |
| May 9th 2025 | Needham | Resumed | Buy | $36 |
| January 27th 2025 | Barclays | Downgrade | Equal Weight | $37← $45 |
| January 7th 2025 | Wells Fargo | Downgrade | Underweight | $30← $38 |
| January 3rd 2025 | Raymond James | Downgrade | Outperform | $45← $50 |
| December 13th 2024 | Mizuho | Downgrade | Neutral | $42 |
| August 2nd 2024 | Rosenblatt | Upgrade | Buy | $45 |
| December 20th 2023 | Wells Fargo | Downgrade | Equal Weight | $36 |
| December 12th 2023 | Jefferies | Downgrade | Hold | $35← $40 |
| October 23rd 2023 | Rosenblatt | Downgrade | Neutral | $35← $52 |
| August 8th 2023 | Morgan Stanley | Downgrade | Equal Weight | - |
| August 8th 2023 | Craig Hallum | Downgrade | Hold | $38 |
| May 26th 2023 | Needham | Upgrade | Buy | $42 |
Earnings History & Surprises
RNGEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 6, 2026 | — | — | — | — |
Q1 2026 | Feb 19, 2026 | $1.14 | — | — | — |
Q4 2025 | Nov 3, 2025 | $1.08 | $1.13 | +4.6% | ✓ BEAT |
Q3 2025 | Aug 5, 2025 | $1.02 | $1.06 | +3.9% | ✓ BEAT |
Q2 2025 | May 8, 2025 | $0.96 | $1.00 | +4.2% | ✓ BEAT |
Q1 2025 | Feb 20, 2025 | $0.96 | $0.98 | +2.1% | ✓ BEAT |
Q4 2024 | Nov 7, 2024 | $0.92 | $0.95 | +3.3% | ✓ BEAT |
Q3 2024 | Aug 1, 2024 | $0.88 | $0.91 | +3.4% | ✓ BEAT |
Q2 2024 | May 7, 2024 | $0.80 | $0.87 | +8.7% | ✓ BEAT |
Q1 2024 | Feb 20, 2024 | $0.83 | $0.86 | +3.6% | ✓ BEAT |
Q4 2023 | Nov 6, 2023 | $0.76 | $0.78 | +2.6% | ✓ BEAT |
Q3 2023 | Aug 7, 2023 | $0.75 | $0.83 | +10.7% | ✓ BEAT |
Q2 2023 | May 9, 2023 | $0.69 | $0.76 | +10.1% | ✓ BEAT |
Q1 2023 | Feb 15, 2023 | $0.59 | $0.60 | +1.7% | ✓ BEAT |
Q4 2022 | Nov 9, 2022 | $0.51 | $0.55 | +7.8% | ✓ BEAT |
Q3 2022 | Aug 2, 2022 | $0.40 | $0.45 | +12.5% | ✓ BEAT |
Q2 2022 | May 9, 2022 | $0.34 | $0.39 | +14.7% | ✓ BEAT |
Q1 2022 | Feb 22, 2022 | $0.37 | $0.39 | +5.4% | ✓ BEAT |
Q4 2021 | Nov 9, 2021 | $0.33 | $0.36 | +9.1% | ✓ BEAT |
Q3 2021 | Aug 3, 2021 | $0.28 | $0.32 | +14.3% | ✓ BEAT |
Latest News
Shares of software stocks are trading higher after Fed Governor Waller called for a December rate cut.
📈 PositiveShares of software stocks are trading lower amid broader tech weakness as AI-linked stocks sell off.
📉 NegativeRosenblatt Maintains Buy on RingCentral, Maintains $32 Price Target
📈 PositiveMorgan Stanley Maintains Equal-Weight on RingCentral, Raises Price Target to $31
➖ NeutralRingCentral shares are trading lower after the company reported Q3 financial results and issued Q4 sales guidance below estimates. Also, the company narrowed its FY25 sales guidance.
📉 NegativeRosenblatt Maintains Buy on RingCentral, Maintains $32 Price Target
📈 PositiveRingCentral Raises FY2025 Adj EPS Guidance from $4.20-$4.32 to $4.29-$4.33 vs $4.25 Est; Narrows FY2025 Sales Guidance from $2.496B-$2.544B to $2.508B-$2.520B vs $2.515B Est
📈 PositiveRingCentral Launches RingWEM Workforce Engagement Management Offering
📈 PositiveRingCentral Sees Q4 Adj EPS $1.12-$1.15 vs $1.13 Est; Sees Sales $638.000M-$646.000M vs $648.074M Est
➖ NeutralRingCentral Q3 Adj. EPS $1.13 Beats $1.07 Estimate, Sales $638.655M Beat $635.564M Estimate
📈 PositiveWells Fargo Initiates Coverage On RingCentral with Equal-Weight Rating, Announces Price Target of $32
➖ NeutralRingCentral Acquires CommunityWFM, Terms Not Disclosed
📈 PositiveRingCentral surges after 'solid' Q2 results, upgrade at Oppenheimer
📈 PositiveRingCentral GAAP EPS of $0.14 beats by $0.01, revenue of $620.4M beats by $2.5M
📈 PositiveFrequently Asked Questions about RNG
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