RingCentral, Inc. (NYSE:RNG – Get Free Report) declared a quarterly dividend on Thursday, October 22nd. Stockholders of record on Friday, November 6th will be given a dividend of $0.1250 per share by the software maker on Friday, November 20th. This represents a $0.50 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, November 6th.
RingCentral Trading Up 0.3%
RNG opened at $77.98 on Wednesday. The stock has a market capitalization of $6.59 billion, a P/E ratio of 10.32, a P/E/G ratio of 1.31 and a beta of 1.05. RingCentral has a 12 month low of $24.14 and a 12 month high of $98.14. The firm’s fifty day simple moving average is $76.22 and its 200 day simple moving average is $49.63.
RingCentral (NYSE:RNG – Get Free Report) last issued its quarterly earnings results on Thursday, October 22nd. The software maker reported $1.33 EPS for the quarter, topping the consensus estimate of $1.28 by $0.05. The firm had revenue of $676.04 million for the quarter, compared to analysts’ expectations of $667.30 million. RingCentral had a net margin of 25.27% and a negative return on equity of 50.15%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.13 EPS. On average, equities research analysts predict that RingCentral will post 2.96 EPS for the current fiscal year.
About RingCentral
RingCentral, Inc is a provider of cloud-based business communications and collaboration solutions. Its platform enables organizations to manage business phone services, team messaging, video meetings, contact center operations and other communications through internet-based applications rather than traditional on-premises systems.
The company’s offerings include RingEX, a unified communications platform that combines voice, messaging and video; RingCentral Video for online meetings and collaboration; and RingCX, a cloud contact center solution.
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