Ringcentral (RNG)
(Delayed Data from NYSE)
$37.23 USD
+0.31 (0.84%)
Updated May 20, 2024 04:00 PM ET
After-Market: $37.25 +0.02 (0.05%) 7:58 PM ET
3-Hold of 5 3
C Value A Growth A Momentum A VGM
Fundamental Charts
About PEG Ratio (TTM)
The company's trailing twelve month (TTM) PEG ratio is the P/E ratio divided by its long-term growth rate consensus. This ratio essentially compares the P/E to its growth rate, thus, for many, telling a more complete story than just the P/E ratio alone. Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). A value greater than 1, in general, is not as good (overvalued to its growth rate). For example, a company with a P/E ratio of 25 and a growth rate of 20% would have a PEG ratio of 1.25 (25 / 20 = 1.25). A company with a P/E ratio of 40 and a growth rate of 50% would have a PEG ratio of 0.80 (40 / 50 = 0.80). Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. But when compared to its growth rate, it doesn't have the earnings growth to justify its P/E. In this example, the one with the P/E of 40 is the better bargain because it is selling at a discount to its growth rate. So the PEG ratio tells you what you're paying for each unit of earnings growth.
RNG 37.23 +0.31(0.84%)
Will RNG be a Portfolio Killer in May?
Zacks Investment Research is releasing its prediction for RNG based on the 1-3 month trading system that more than doubles the S&P 500.
Zacks News for RNG
Are You a Momentum Investor? This 1 Stock Could Be the Perfect Pick
Are You a Momentum Investor? This 1 Stock Could Be the Perfect Pick
RNG: What are Zacks experts saying now?
Zacks Private Portfolio Services
Why RingCentral (RNG) is a Top Growth Stock for the Long-Term
Why RingCentral (RNG) is a Top Growth Stock for the Long-Term
RingCentral (RNG) Q1 Earnings Top Estimates, Revenues Up Y/Y
Other News for RNG
Buy Rating Affirmed for RingCentral Amid Strong Q1 Results and Promising Growth Outlook
Wells Fargo Sticks to Its Hold Rating for RingCentral (RNG)
Vodafone Business Ireland and RingCentral Unveil Innovative Hybrid Work Solution, Facilitating Seamless Collaboration Across Devices and Locations
Avaya and RingCentral Expand Strategic Partnership with AI-Powered Communications and Collaboration Experiences
Avaya, RingCentral expand strategic partnership with AI- driven collaborations