Zacks Rating on Ringcentral (RNG)

Ringcentral (RNG) : 8 brokerage houses believe that Ringcentral (RNG) is a Strong Buy at current levels. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Ringcentral (RNG). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 9 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.22.

Ringcentral (RNG) : The most positive equity analysts on Ringcentral (RNG) expects the shares to touch $32, whereas, the least positive believes that the stock will trade at $25 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $28.38 with an expected fluctuation of $2.39 from the mean.


Shares of RingCentral, Inc. rose by 0.35% in the last five trading days and 0.75% for the last 4 weeks. RingCentral, Inc. is up 23.36% in the last 3-month period. Year-to-Date the stock performance stands at -2.8%. Ringcentral (NYSE:RNG): stock turned positive on Tuesday. Though the stock opened at $22.26, the bulls momentum made the stock top out at $23.03 level for the day. The stock recorded a low of $22.18 and closed the trading day at $22.92, in the green by 0.09%. The total traded volume for the day was 526,902. The stock had closed at $22.9 in the previous days trading.

RingCentral, Inc. is a provider of software-as-a-service (SaaS) solutions for business communications. The Companys products are RingCentral Office, RingCentral Professional and RingCentral Fax, which it sells as monthly subscriptions to its customers. The Companys flagship product RingCentral Office is a multi-location, multi-user, enterprise-grade communications solution that enables employees to communicate through different channels and on multiple devices. RingCentral Professional is an inbound call routing subscription with additional text and fax capabilities targeting smaller deployments. RingCentral Fax is an Internet fax subscription that permits sending and receiving faxes over the Internet.

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