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RNG

RNG - RingCentral Inc Stock Price, Fair Value and News

28.65USD-0.37 (-1.27%)Market Closed

Market Summary

RNG
USD28.65-0.37
Market Closed
-1.27%

RNG Alerts

  • 4 major insider sales recently.
  • Big jump in Earnings (Y/Y)
  • Losses in recent quarter

RNG Stock Price

View Fullscreen

RNG RSI Chart

RNG Valuation

Market Cap

2.7B

Price/Earnings (Trailing)

-19.4

Price/Sales (Trailing)

1.2

EV/EBITDA

22.58

Price/Free Cashflow

7.38

RNG Price/Sales (Trailing)

RNG Profitability

Operating Margin

94.25%

EBT Margin

-5.80%

Return on Equity

26.67%

Return on Assets

-7.44%

Free Cashflow Yield

13.55%

RNG Fundamentals

RNG Revenue

Revenue (TTM)

2.3B

Rev. Growth (Yr)

9.47%

Rev. Growth (Qtr)

2.27%

RNG Earnings

Earnings (TTM)

-139.3M

Earnings Growth (Yr)

47.62%

Earnings Growth (Qtr)

39.69%

Breaking Down RNG Revenue

Last 7 days

-16.7%

Last 30 days

-23.0%

Last 90 days

-17.0%

Trailing 12 Months

-15.2%

How does RNG drawdown profile look like?

RNG Financial Health

Current Ratio

1.09

Debt/Equity

-2.6

Debt/Cashflow

0.28

RNG Investor Care

Buy Backs (1Y)

2.69%

Diluted EPS (TTM)

-1.49

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20242.3B000
20232.1B2.1B2.2B2.2B
20221.7B1.8B1.9B2.0B
20211.3B1.4B1.5B1.6B
2020968.9M1.0B1.1B1.2B
2019724.8M779.1M838.6M902.9M
2018541.7M582.6M626.2M673.6M
2017405.4M433.5M466.9M503.6M
2016317.4M338.6M358.7M379.7M
2015236.9M254.8M274.7M296.2M
2014173.2M188.3M203.3M219.9M
2013125.2M135.9M148.3M160.5M
201287.8M96.7M105.6M114.5M
201100078.9M
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Tracking the Latest Insider Buys and Sells of RingCentral Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Jun 03, 2024
bhatt prat
acquired
-
-
5,829
-
Jun 03, 2024
williams r neil
acquired
-
-
5,829
-
Jun 03, 2024
segal ned d.
acquired
-
-
5,829
-
Jun 03, 2024
theis robert i
acquired
-
-
5,829
-
Jun 03, 2024
goldman kenneth a
acquired
-
-
5,829
-
Jun 03, 2024
clyburn mignon l
acquired
-
-
5,829
-
May 28, 2024
parekh sonalee elizabeth
sold
-295,433
34.847
-8,478
chief financial officer
May 22, 2024
shmunis vladimir
sold
-1,137,240
35.5242
-32,013
ceo and chairman
May 22, 2024
marlow john h
sold
-505,388
35.5207
-14,228
svp, cao & general counsel
May 21, 2024
shmunis vladimir
sold
-2,389,820
35.9209
-66,530
ceo and chairman

1–10 of 50

Which funds bought or sold RNG recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Jun 11, 2024
EverSource Wealth Advisors, LLC
new
-
2,784
2,784
-%
Jun 04, 2024
DekaBank Deutsche Girozentrale
unchanged
-
-
109,000
-%
May 29, 2024
Clean Yield Group
unchanged
-
79.00
3,474
-%
May 16, 2024
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-6.75
-127,610
2,659,310
-%
May 16, 2024
SYLEBRA CAPITAL LLC
reduced
-7.9
-16,004,600
261,808,000
8.70%
May 16, 2024
B. Riley Wealth Advisors, Inc.
added
116
32,024
59,924
-%
May 16, 2024
Virtus Investment Advisers, Inc.
new
-
868,500
868,500
0.62%
May 16, 2024
COMERICA BANK
added
1,715
430,273
454,746
-%
May 16, 2024
JANE STREET GROUP, LLC
unchanged
-
7,349
992,141
-%
May 16, 2024
JANE STREET GROUP, LLC
reduced
-90.27
-12,369,600
1,368,510
-%

1–10 of 28

Are Funds Buying or Selling RNG?

Are funds buying RNG calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own RNG
No. of Funds

Unveiling RingCentral Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2024
ameriprise financial inc
5.50%
4,610,276
SC 13G
Feb 14, 2024
lytton laurence w
1.8%
1,528,157
SC 13G/A
Feb 13, 2024
alkeon capital management llc
1.8%
1,528,157
SC 13G/A
Feb 13, 2024
vanguard group inc
12.37%
10,371,224
SC 13G/A
Feb 09, 2024
capital world investors
13.5%
11,314,238
SC 13G/A
Feb 06, 2024
shmunis vladimir
5.3%
4,680,010
SC 13G/A
Feb 01, 2024
pictet asset management sa
6.3%
5,239,898
SC 13G/A
Jan 31, 2024
pictet asset management sa
6.2%
4,514,733
SC 13G
Jan 29, 2024
blackrock inc.
6.3%
5,263,100
SC 13G/A
May 26, 2023
sylebra capital ltd
8.68%
7,437,154
SC 13D

Recent SEC filings of RingCentral Inc

View All Filings
Date Filed Form Type Document
Jun 04, 2024
4
Insider Trading
Jun 04, 2024
4
Insider Trading
Jun 04, 2024
4
Insider Trading
Jun 04, 2024
4
Insider Trading
Jun 04, 2024
4
Insider Trading
Jun 04, 2024
4
Insider Trading
May 29, 2024
4
Insider Trading
May 28, 2024
144
Notice of Insider Sale Intent
May 23, 2024
4
Insider Trading
May 23, 2024
4
Insider Trading

Peers (Alternatives to RingCentral Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
221.9B
35.7B
-17.28% 9.34%
40.56
6.21
11.04% 1343.27%
148.1B
38.6B
8.48% 71.70%
106.52
3.84
14.01% 141.26%
48.2B
5.6B
3.32% 4.43%
48.33
8.54
10.60% 18.97%
28.4B
2.2B
-0.33% -2.85%
65.29
12.74
3.59% -21.47%
17.9B
4.6B
-8.80% -15.29%
21.34
3.92
3.13% 15150.61%
MID-CAP
8.5B
671.8M
-5.17% 34.86%
110.62
12.59
33.64% 185.98%
5.8B
4.7B
-15.02% 39.36%
-31.57
1.24
10.90% 88.31%
3.7B
296.4M
16.19% -28.80%
-13.52
12.39
11.14% -3.59%
3.4B
970.0M
0.90% -15.87%
-19.13
3.53
13.46% 43.89%
3.1B
895.2M
-8.61% 23.92%
34.97
3.5
5.72% 46.94%
2.5B
237.5M
-1.88% 25.58%
28.83
10.47
19.89% 491.11%
SMALL-CAP
1.2B
413.5M
0.63% -1.64%
92.02
2.88
-1.65% -71.35%
237.7M
31.6M
1.44% 252.07%
-40.47
7.51
2.76% 43.72%
206.0M
117.7M
7.69% -32.14%
-20.89
1.75
12.54% 11.24%
157.9M
544.5M
-35.17% -83.13%
-0.38
0.29
-18.24% -2615.41%

RingCentral Inc News

Latest updates
Nasdaq25 hours ago
MarketBeat35 hours ago
Yahoo Canada Shine On41 hours ago
Yahoo Finance12 Jun 202401:45 pm
Yahoo Movies Canada09 Jun 202403:56 pm
Yahoo Finance06 Jun 202401:40 pm

RingCentral Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Thousands)
Income Statement (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue2.3%584571558539534525509487468448415379352335304278268253233215201
Gross Profit3.2%414401389375373364342329312312304274255243221201194186174162151
Operating Expenses-4.8%425446443420428620524436416416387348297272251231220206184169158
  S&GA Expenses0.0%273273271264260275262265254246225203179162153138131126110104100
  R&D Expenses-5.1%81.0085.0085.0080.0085.0089.0087.0097.0090.0087.0084.0076.0063.0057.0048.0044.0041.0039.0035.0033.0030.00
EBITDA Margin26.9%0.08*0.06*-0.05*-0.18*-0.25*-0.31*-0.29*-0.22*-0.20*-0.12*-0.07*0.01*0.09*0.04*-0.02*-0.02*-0.05*0.00*0.01*0.01*0.01*
Interest Expenses-1.5%16.0017.0012.005.002.001.001.001.001.0016.0016.0016.0016.0017.0013.0013.008.005.005.005.005.00
Income Taxes56.1%3.002.00-3.787.003.002.001.001.001.001.001.000.000.000.000.000.000.00-0.23-0.100.00-3.10
Earnings Before Taxes44.1%-25.21-45.11-45.90-14.53-51.31-281-283-158-149-117-146-1100.00-1.70-20.531.00-60.51-25.47-12.90-9.13-9.44
EBT Margin18.5%-0.06*-0.07*-0.18*-0.30*-0.38*-0.44*-0.37*-0.31*-0.31*-0.23*-0.17*-0.10*-0.02*-0.07*-0.10*-0.10*-0.11*-0.06*-0.04*-0.04*-0.05*
Net Income39.7%-28.49-47.24-42.12-21.48-54.40-284-284-159-150-118-146-110-0.19-1.83-20.961.00-60.72-25.26-12.75-9.24-6.36
Net Income Margin17.6%-0.06*-0.08*-0.19*-0.31*-0.38*-0.44*-0.37*-0.32*-0.31*-0.24*-0.18*-0.10*-0.02*-0.07*-0.10*-0.10*-0.11*-0.06*-0.04*-0.04*-0.04*
Free Cashflow-16.6%90.0010882.0086.0010030.0034.0042.0052.0040.0036.0019.0028.00-12.11-91.2318.006.00-12.5720.0016.0013.00
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets-3.7%1,8731,9452,1821,9602,0462,0742,3162,5192,5682,5791,9661,9692,0702,1852,1161,9651,8721,4511,0591,012966
  Current Assets-2.1%8318491,0528048517967757397216516946487449269931,002972536765735704
    Cash Equivalents-8.6%203222432225275270305306302267345325463640746774762344583568549
  Inventory40.0%2.001.001.001.001.001.001.005.006.006.001.001.001.001.001.001.000.000.000.000.000.00
  Net PPE-0.9%18318418418618718518217817316715915314614213311498.0089.0084.0079.0074.00
  Goodwill-0.7%67.0067.0066.0055.0055.0054.0053.0054.0055.0055.0056.0057.0056.0057.0056.0055.0055.0055.0055.0056.0055.00
Liabilities-2.3%2,1962,2482,4682,2332,3192,3572,3612,3582,3202,0411,9201,8761,8531,8721,8171,4161,381705690657634
  Current Liabilities20.8%764633605592591653639622576526476447444438369371308281268246229
  Long Term Debt-10.8%1,3601,5251,7811,559-1,638---------------
    LT Debt, Current804.6%18120.0020.0020.00-----------------
    LT Debt, Non Current-10.8%1,3601,5251,7811,559-1,638---------------
Shareholder's Equity-3.9%-522-502---471-482--49.0033945.0092.00213308298542490746369356331
  Retained Earnings-1.7%-1,727-1,699-1,651-1,609-1,588-1,533-1,249-965-805-748-630-483-372-372-370-349-350-289-264-251-242
  Additional Paid-In Capital0.5%1,2101,2051,1711,1431,1231,0601,0239378561,0876735715826746658908401,033633605571
Accumulated Depreciation5.8%35333331429827825924022420919317916515113812711610799.0092.0086.0080.00
Shares Outstanding-1.9%93.0095.0095.0095.0096.0095.0096.0095.0095.0092.0092.0091.0091.0089.0088.0088.0087.0083.0082.0082.0081.00
Float----2,800---4,500-23,900-23,900---22,600---8,400-
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations-15.6%96.0011487.0091.0010939.0042.0051.0059.0048.0043.0025.0037.00-2.48-72.8227.0013.00-6.1627.0024.0020.00
  Share Based Compensation-21.4%88.0011211210598.0092.0096.0010198.0010310495.0055.0052.0052.0049.0037.0030.0027.0025.0019.00
Cashflow From Investing2.9%-19.41-19.98-31.34-17.80-21.32-22.98-18.52-23.78-21.93-333-19.57-16.77-26.84-45.64-29.44-18.35-14.25-236-10.23-12.19-38.27
Cashflow From Financing69.1%-94.66-306153-122-82.73-53.44-22.85-20.00-1.93208-3.06-145-186-58.7773.003.004203.00-1.127.001.00
  Buy Backs31.6%80.0061.0075.0010175.0055.0020.0025.00-------------
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RNG Income Statement

2024-03-31
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues  
Total revenues$ 584,211$ 533,689
Cost of revenues  
Total cost of revenues170,479160,676
Gross profit413,732373,013
Operating expenses  
Research and development80,52885,241
Sales and marketing272,730260,212
General and administrative71,37382,091
Total operating expenses424,631427,544
Loss from operations(10,899)(54,531)
Other income (expense), net  
Interest expense(16,254)(2,212)
Other income1,9445,429
Other income (expense), net(14,310)3,217
Loss before income taxes(25,209)(51,314)
Provision for income taxes3,2853,085
Net loss$ (28,494)$ (54,399)
Net loss per common share  
Basic (in dollars per share)$ (0.31)$ (0.57)
Diluted (in dollars per share)$ (0.31)$ (0.57)
Weighted-average number of shares used in computing net loss per share  
Basic (in shares)93,14295,720
Diluted (in shares)93,14295,720
Subscriptions  
Revenues  
Total revenues$ 557,487$ 508,294
Cost of revenues  
Total cost of revenues143,650136,425
Other  
Revenues  
Total revenues26,72425,395
Cost of revenues  
Total cost of revenues$ 26,829$ 24,251

RNG Balance Sheet

2024-03-31
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets  
Cash and cash equivalents$ 203,130$ 222,195
Accounts receivable, net371,357364,438
Deferred and prepaid sales commission costs184,816184,620
Prepaid expenses and other current assets71,72877,396
Total current assets831,031848,649
Property and equipment, net182,736184,390
Operating lease right-of-use assets39,61542,989
Deferred and prepaid sales commission costs, non-current381,175395,724
Goodwill66,90367,370
Acquired intangibles, net358,850393,767
Other assets12,79312,024
Total assets1,873,1031,944,913
Current liabilities  
Accounts payable24,03053,295
Accrued liabilities312,405325,632
Current portion of long-term debt, net180,92320,000
Deferred revenue246,690233,619
Total current liabilities764,048632,546
Long-term debt, net1,360,4571,525,482
Operating lease liabilities25,61628,178
Other long-term liabilities45,90161,827
Total liabilities2,196,0222,248,033
Commitments and contingencies (Note 9)
Series A convertible preferred stock199,449199,449
Stockholders’ deficit  
Common stock99
Additional paid-in capital1,210,3661,204,781
Accumulated other comprehensive loss(5,113)(8,223)
Accumulated deficit(1,727,630)(1,699,136)
Total stockholders’ deficit(522,368)(502,569)
Total liabilities, temporary equity and stockholders’ deficit$ 1,873,103$ 1,944,913
RNG
RingCentral, Inc. provides cloud communications, video meetings, collaboration, and contact center software-as-a-service solutions worldwide. The company's products include RingCentral Message Video Phone (MVP) that provides a unified experience for communication and collaboration across multiple modes, including HD voice, video, SMS, messaging and collaboration, conferencing, online meetings, and fax; RingCentral Contact Center, a collaborative contact center solution that delivers AI powered omni-channel and workforce engagement solution with integrated RingCentral MVP; 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 the company's 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 services. 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. The company was incorporated in 1999 and is headquartered in Belmont, California.
 CEO
 WEBSITEringcentral.com
 INDUSTRYSoftware - Apps
 EMPLOYEES3902

RingCentral Inc Frequently Asked Questions


What is the ticker symbol for RingCentral Inc? What does RNG stand for in stocks?

RNG is the stock ticker symbol of RingCentral Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of RingCentral Inc (RNG)?

As of Thu Jun 13 2024, market cap of RingCentral Inc is 2.7 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of RNG stock?

You can check RNG's fair value in chart for subscribers.

What is the fair value of RNG stock?

You can check RNG's fair value in chart for subscribers. The fair value of RingCentral Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of RingCentral Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for RNG so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is RingCentral Inc a good stock to buy?

The fair value guage provides a quick view whether RNG is over valued or under valued. Whether RingCentral Inc is cheap or expensive depends on the assumptions which impact RingCentral Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for RNG.

What is RingCentral Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu Jun 13 2024, RNG's PE ratio (Price to Earnings) is -19.4 and Price to Sales (PS) ratio is 1.2. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. RNG PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on RingCentral Inc's stock?

In the past 10 years, RingCentral Inc has provided 0.079 (multiply by 100 for percentage) rate of return.