Market Summary
USD34.78+5.28
Market Closed17.90%
RNG Stock Price
RNG RSI Chart
RNG Valuation
RNG Price/Sales (Trailing)
RNG Profitability
RNG Fundamentals
RNG Revenue
RNG Earnings
Price Action
52 Week Range
25.3268.54
(Low)(High)
Last 7 days
12.1%
Last 30 days
24.1%
Last 90 days
0.1%
Trailing 12 Months
-43.9%
RNG Financial Health
RNG Investor Care
Peers (Alternatives to RingCentral)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
MSFT | 2.5T | 207.6B | 12.70% | 25.81% | 35.87 | 11.93 | 7.81% | -4.74% |
ORCL | 281.0B | 48.0B | 11.07% | 46.64% | 33.56 | 5.86 | 14.66% | 10.75% |
ADBE | 190.7B | 18.0B | 14.41% | 1.66% | 40.25 | 10.59 | 11.50% | -1.86% |
AZPN | - | - | -29.25% | -13.98% | - | - | - | - |
CRM | 217.4B | 31.4B | 12.49% | 32.61% | 1.0K | 6.93 | 19.41% | -85.60% |
INTU | 117.6B | 14.1B | 1.14% | 3.13% | 52.51 | 8.36 | 9.30% | -10.51% |
| MID-CAP | ||||||||
APPN | 2.9B | 489.0M | 13.36% | -11.92% | -19.47 | 6.28 | 23.89% | -67.60% |
MANH | 11.1B | 809.1M | 8.18% | 50.50% | 81.07 | 13.74 | 17.99% | 15.82% |
GWRE | 6.7B | 869.9M | 8.60% | 1.58% | -39.92 | 7.66 | 13.87% | -28.82% |
PING | 2.4B | - | 1.17% | 7.67% | -23.16 | 7.93 | - | - |
| SMALL-CAP | ||||||||
ZUO | 1.1B | 396.1M | 29.79% | 5.39% | -5.73 | 2.87 | 14.23% | -99.11% |
YEXT | 1.1B | 400.9M | 1.28% | 74.75% | -16.18 | 2.66 | 2.63% | 29.30% |
UPLD | 92.8M | 315.6M | -17.82% | -77.71% | -0.5 | 0.29 | 2.89% | -207.54% |
Financials for RingCentral
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Revenue | 3.3% | 2,054 | 1,988 | 1,912 | 1,818 | 1,710 |
| Gross Profit | 4.5% | 1,407 | 1,347 | 1,295 | 1,258 | 1,203 |
| Operating Expenses | 0.6% | 2,008 | 1,996 | 1,792 | 1,655 | 1,567 |
| S&GA Expenses | 0.5% | 1,063 | 1,057 | 1,028 | 991 | 929 |
| R&D Expenses | -1.4% | 357 | 362 | 360 | 358 | 337 |
| EBITDA | -12.3% | -622 | -554 | -404 | -345 | - |
| EBITDA Margin | -8.0% | -0.31* | -0.29* | -0.22* | -0.20* | - |
| Earnings Before Taxes | 11.3% | -775 | -874 | -709 | -571 | -523 |
| EBT Margin | -18.5% | -0.44* | -0.37* | -0.31* | -0.31* | - |
| Interest Expenses | 20.4% | 6.00 | 5.00 | 20.00 | 35.00 | 49.00 |
| Net Income | 11.0% | -782 | -879 | -713 | -575 | -527 |
| Net Income Margin | -18.5% | -0.44* | -0.37* | -0.32* | -0.31* | - |
| Free Cahsflow | -5.9% | 159 | 169 | 170 | 147 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Assets | -1.3% | 2,046 | 2,074 | 2,316 | 2,519 | 2,568 |
| Current Assets | 6.9% | 851 | 796 | 775 | 739 | 721 |
| Cash Equivalents | 1.8% | 275 | 270 | 305 | 306 | 302 |
| Inventory | 8.2% | 1.00 | 1.00 | 1.00 | 5.00 | 6.00 |
| Net PPE | 1.0% | 187 | 185 | 182 | 178 | 173 |
| Goodwill | 0.6% | 55.00 | 54.00 | 53.00 | 54.00 | 55.00 |
| Liabilities | -1.6% | 2,319 | 2,357 | 2,361 | 2,358 | 2,320 |
| Current Liabilities | -9.4% | 591 | 653 | 639 | 622 | 576 |
| Shareholder's Equity | 2.2% | -471 | -482 | 49.00 | - | - |
| Retained Earnings | -3.5% | -1,588 | -1,533 | -1,249 | -965 | -805 |
| Additional Paid-In Capital | 6.0% | 1,123 | 1,060 | 1,023 | 937 | 856 |
| Accumulated Depreciation | 7.5% | 278 | 259 | 240 | 224 | 209 |
| Shares Outstanding | 0.5% | 96.00 | 95.00 | 95.00 | - | - |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Cashflow From Operations | 25.9% | 241 | 191 | 200 | 200 | 174 |
| Share Based Compensation | 0.2% | 387 | 386 | 397 | 406 | 401 |
| Cashflow From Investing | 0.7% | -86.60 | -87.21 | -397 | -398 | -391 |
| Cashflow From Financing | -82.3% | -179 | -98.22 | 163 | 183 | 58.00 |
| Buy Backs | 74.7% | 174 | 100 | 45.00 | 25.00 | 0.00 |
Risks for RNG
What is the probability of a big loss on RNG?
83.1%
Probability that RingCentral stock will be more than 20% underwater in next one year
43.9%
Probability that RingCentral stock will be more than 30% underwater in next one year.
41.5%
Probability that RingCentral stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does RNG drawdown profile look like?
Y-axis is the maximum loss one would have experienced if RingCentral was unfortunately bought at previous high price.
Drawdowns
Returns for RNG
Cumulative Returns on RNG
8.4%
7-Year Cumulative Returns
-14.0%
5-Year Cumulative Returns
-48.3%
3-Year Cumulative Returns
What are the long-term rolling returns for RNG?
FIve years rolling returns for RingCentral.
Annualized Returns
Which funds bought or sold RNG recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-05-22 | PUTNAM INVESTMENTS LLC | reduced | -11.47 | -760,772 | 2,504,200 | -% |
2023-05-22 | AMERIPRISE FINANCIAL INC | reduced | -10.76 | -84,816 | 287,184 | -% |
2023-05-22 | PUTNAM INVESTMENTS LLC | unchanged | - | 2,380 | 80,880 | -% |
2023-05-22 | PUTNAM INVESTMENTS LLC | added | 4.27 | 592,158 | 9,162,480 | 0.01% |
2023-05-19 | Coppell Advisory Solutions LLC | sold off | -100 | -283 | - | -% |
2023-05-18 | NEW YORK STATE COMMON RETIREMENT FUND | added | 35.63 | 1,232,000 | 8,268,000 | 0.01% |
2023-05-18 | JPMORGAN CHASE & CO | reduced | -24.46 | -2,264,470 | 4,290,530 | -% |
2023-05-18 | NEW YORK STATE COMMON RETIREMENT FUND | unchanged | - | 203,000 | 6,905,000 | 0.01% |
2023-05-17 | Ilmarinen Mutual Pension Insurance Co | added | 33.33 | 412,000 | 3,067,000 | 0.04% |
2023-05-17 | Thrivent Financial for Lutherans | added | 86.87 | 528,000 | 1,383,000 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
RingCentral News
Schedule 13G FIlings of RingCentral
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 14, 2023 | shmunis vladimir | 5.2% | 4,696,285 | SC 13G | |
| Feb 14, 2023 | tiger global management llc | 0.0% | 0 | SC 13G/A | |
| Feb 13, 2023 | capital world investors | 15.1% | 12,964,077 | SC 13G/A | |
| Feb 13, 2023 | alkeon capital management llc | 5.6% | 4,802,188 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 11.33% | 9,747,692 | SC 13G/A | |
| Feb 07, 2023 | blackrock inc. | 7.3% | 6,278,715 | SC 13G/A | |
| Nov 10, 2022 | capital world investors | 13.6% | 11,613,227 | SC 13G/A | |
| Sep 09, 2022 | capital world investors | 6.8% | 5,815,721 | SC 13G/A | |
| Sep 09, 2022 | capital international investors | 2.9% | 2,513,988 | SC 13G/A | |
| Jul 11, 2022 | vanguard group inc | 10.01% | 8,506,843 | SC 13G/A |
RNG Fair Value
Recent SEC filings of RingCentral
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| May 26, 2023 | 144 | Notice of Insider Sale Intent | |
| May 26, 2023 | SC 13D | 13D - Major Acquisition | |
| May 24, 2023 | SC 13D/A | 13D - Major Acquisition | |
| May 23, 2023 | 4 | Insider Trading | |
| May 23, 2023 | 4 | Insider Trading | |
| May 23, 2023 | 4 | Insider Trading | |
| May 23, 2023 | 4 | Insider Trading | |
| May 23, 2023 | 4 | Insider Trading | |
| May 17, 2023 | 4 | Insider Trading | |
| May 17, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for RNG
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-05-20 | Katibeh Mohammed | sold (taxes) | -422,523 | 31.02 | -13,621 | president and coo |
2023-05-20 | Shmunis Vladimir | acquired | - | - | 4,171 | ceo & chairman |
2023-05-20 | Parekh Sonalee Elizabeth | sold (taxes) | -665,162 | 31.02 | -21,443 | chief financial officer |
2023-05-20 | Agarwal Vaibhav | sold (taxes) | -207,493 | 31.02 | -6,689 | chief accounting officer |
2023-05-20 | Marlow John H | sold (taxes) | -209,726 | 31.02 | -6,761 | svp, cao & general counsel |
2023-05-19 | Marlow John H | acquired | - | - | 138,664 | svp, cao & general counsel |
2023-05-19 | Agarwal Vaibhav | acquired | - | - | 43,333 | chief accounting officer |
2023-05-19 | Katibeh Mohammed | acquired | - | - | 202,796 | president and coo |
2023-05-19 | Parekh Sonalee Elizabeth | acquired | - | - | 157,730 | chief financial officer |
2023-05-19 | Shmunis Vladimir | acquired | - | - | 311,993 | ceo & chairman |
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.
RNG Income Statement
2023-03-31CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | |
|---|---|---|
Mar. 31, 2023 | Mar. 31, 2022 | |
| Revenues | ||
| Total revenues | $ 533,689 | $ 467,656 |
| Cost of revenues | ||
| Total cost of revenues | 160,676 | 155,474 |
| Gross profit | 373,013 | 312,182 |
| Operating expenses | ||
| Research and development | 85,241 | 90,274 |
| Sales and marketing | 260,212 | 254,455 |
| General and administrative | 82,091 | 70,995 |
| Total operating expenses | 427,544 | 415,724 |
| Loss from operations | (54,531) | (103,542) |
| Other income (expense), net | ||
| Interest expense | (2,212) | (1,232) |
| Other income (expense) | 5,429 | (45,219) |
| Other income (expense), net | 3,217 | (46,451) |
| Loss before income taxes | (51,314) | (149,993) |
| Provision for income taxes | 3,085 | 979 |
| Net loss | $ (54,399) | $ (150,972) |
| Net loss per common share | ||
| Basic (in dollars per share) | $ (0.57) | $ (1.60) |
| Diluted (in dollars per share) | $ (0.57) | $ (1.60) |
| Weighted-average number of shares used in computing net loss per share | ||
| Basic (in shares) | 95,720 | 94,574 |
| Diluted (in shares) | 95,720 | 94,574 |
| Subscriptions | ||
| Revenues | ||
| Total revenues | $ 508,294 | $ 439,927 |
| Cost of revenues | ||
| Total cost of revenues | 136,425 | 129,689 |
| Other | ||
| Revenues | ||
| Total revenues | 25,395 | 27,729 |
| Cost of revenues | ||
| Total cost of revenues | $ 24,251 | $ 25,785 |
RNG Balance Sheet
2023-03-31CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets | ||
| Cash and cash equivalents | $ 274,804 | $ 269,984 |
| Accounts receivable, net | 315,335 | 311,318 |
| Deferred and prepaid sales commission costs | 181,358 | 158,865 |
| Prepaid expenses and other current assets | 79,533 | 55,849 |
| Total current assets | 851,030 | 796,016 |
| Property and equipment, net | 187,279 | 185,400 |
| Operating lease right-of-use assets | 34,138 | 35,433 |
| Deferred and prepaid sales commission costs, non-current | 390,459 | 438,579 |
| Goodwill | 54,647 | 54,335 |
| Acquired intangibles, net | 494,931 | 528,051 |
| Other assets | 33,936 | 35,848 |
| Total assets | 2,046,420 | 2,073,662 |
| Current liabilities | ||
| Accounts payable | 56,353 | 62,721 |
| Accrued liabilities | 314,902 | 380,113 |
| Deferred revenue | 219,933 | 209,725 |
| Total current liabilities | 591,188 | 652,559 |
| Convertible senior notes, net | 1,639,530 | 1,638,411 |
| Operating lease liabilities | 18,391 | 20,182 |
| Other long-term liabilities | 69,817 | 45,848 |
| Total liabilities | 2,318,926 | 2,357,000 |
| Commitments and contingencies (Note 7) | ||
| Series A convertible preferred stock | 199,449 | 199,449 |
| Stockholders' deficit | ||
| Common stock | 10 | 10 |
| Additional paid-in capital | 1,123,351 | 1,059,880 |
| Accumulated other comprehensive loss | (7,021) | (8,781) |
| Accumulated deficit | (1,588,295) | (1,533,896) |
| Total stockholders' deficit | (471,955) | (482,787) |
| Total liabilities, temporary equity and stockholders’ deficit | $ 2,046,420 | $ 2,073,662 |