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RingCentral Inc Stock Research

RNG

34.78USD+5.28(+17.90%)Market Closed

Market Summary

USD34.78+5.28
Market Closed
17.90%

RNG Alerts

RNG Stock Price

RNG RSI Chart

RNG Valuation

Market Cap

2.8B

Price/Earnings (Trailing)

-3.16

Price/Sales (Trailing)

1.4

EV/EBITDA

-4.02

Price/Free Cashflow

17.5

RNG Price/Sales (Trailing)

RNG Profitability

EBT Margin

-43.96%

Return on Equity

182.1%

Return on Assets

-42.4%

Free Cashflow Yield

5.71%

RNG Fundamentals

RNG Revenue

Revenue (TTM)

2.1B

Revenue Y/Y

14.12%

Revenue Q/Q

1.7%

RNG Earnings

Earnings (TTM)

-782.6M

Earnings Y/Y

63.97%

Earnings Q/Q

80.85%

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

Current Ratio

1.22

RNG Investor Care

Shares Dilution (1Y)

4.10%

Diluted EPS (TTM)

-8.2

Peers (Alternatives to RingCentral)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
2.5T
207.6B
12.70% 25.81%
35.87
11.93
7.81% -4.74%
281.0B
48.0B
11.07% 46.64%
33.56
5.86
14.66% 10.75%
190.7B
18.0B
14.41% 1.66%
40.25
10.59
11.50% -1.86%
-
-
-29.25% -13.98%
-
-
- -
217.4B
31.4B
12.49% 32.61%
1.0K
6.93
19.41% -85.60%
117.6B
14.1B
1.14% 3.13%
52.51
8.36
9.30% -10.51%
MID-CAP
2.9B
489.0M
13.36% -11.92%
-19.47
6.28
23.89% -67.60%
11.1B
809.1M
8.18% 50.50%
81.07
13.74
17.99% 15.82%
6.7B
869.9M
8.60% 1.58%
-39.92
7.66
13.87% -28.82%
2.4B
-
1.17% 7.67%
-23.16
7.93
- -
SMALL-CAP
1.1B
396.1M
29.79% 5.39%
-5.73
2.87
14.23% -99.11%
1.1B
400.9M
1.28% 74.75%
-16.18
2.66
2.63% 29.30%
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)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Revenue3.3%2,0541,9881,9121,8181,710
Gross Profit4.5%1,4071,3471,2951,2581,203
Operating Expenses0.6%2,0081,9961,7921,6551,567
  S&GA Expenses0.5%1,0631,0571,028991929
  R&D Expenses-1.4%357362360358337
EBITDA-12.3%-622-554-404-345-
EBITDA Margin-8.0%-0.31*-0.29*-0.22*-0.20*-
Earnings Before Taxes11.3%-775-874-709-571-523
EBT Margin-18.5%-0.44*-0.37*-0.31*-0.31*-
Interest Expenses20.4%6.005.0020.0035.0049.00
Net Income11.0%-782-879-713-575-527
Net Income Margin-18.5%-0.44*-0.37*-0.32*-0.31*-
Free Cahsflow-5.9%159169170147-
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Assets-1.3%2,0462,0742,3162,5192,568
  Current Assets6.9%851796775739721
    Cash Equivalents1.8%275270305306302
  Inventory8.2%1.001.001.005.006.00
  Net PPE1.0%187185182178173
  Goodwill0.6%55.0054.0053.0054.0055.00
Liabilities-1.6%2,3192,3572,3612,3582,320
  Current Liabilities-9.4%591653639622576
Shareholder's Equity2.2%-471-48249.00--
  Retained Earnings-3.5%-1,588-1,533-1,249-965-805
  Additional Paid-In Capital6.0%1,1231,0601,023937856
Accumulated Depreciation7.5%278259240224209
Shares Outstanding0.5%96.0095.0095.00--
Cashflow (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q12022Q42022Q32022Q22022Q1
Cashflow From Operations25.9%241191200200174
  Share Based Compensation0.2%387386397406401
Cashflow From Investing0.7%-86.60-87.21-397-398-391
Cashflow From Financing-82.3%-179-98.2216318358.00
  Buy Backs74.7%17410045.0025.000.00

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 ascendingFund NameType% 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
-%

1–10 of 35

Latest Funds Activity

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

RingCentral News

Barron's
RingCentral and 8x8 Stock Are Soaring. An Activist Discloses Large Stakes..
Barron's,
2 days ago
InvestorsObserver

Schedule 13G FIlings of RingCentral

Date FiledName of FilerPercent of ClassNo. of SharesForm 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 ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Vladimir G. Shmunis
3920
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

2023-03-31
CONDENSED 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 revenues160,676155,474
Gross profit373,013312,182
Operating expenses  
Research and development85,24190,274
Sales and marketing260,212254,455
General and administrative82,09170,995
Total operating expenses427,544415,724
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), net3,217(46,451)
Loss before income taxes(51,314)(149,993)
Provision for income taxes3,085979
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)95,72094,574
Diluted (in shares)95,72094,574
Subscriptions  
Revenues  
Total revenues$ 508,294$ 439,927
Cost of revenues  
Total cost of revenues136,425129,689
Other  
Revenues  
Total revenues25,39527,729
Cost of revenues  
Total cost of revenues$ 24,251$ 25,785

RNG Balance Sheet

2023-03-31
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets  
Cash and cash equivalents$ 274,804$ 269,984
Accounts receivable, net315,335311,318
Deferred and prepaid sales commission costs181,358158,865
Prepaid expenses and other current assets79,53355,849
Total current assets851,030796,016
Property and equipment, net187,279185,400
Operating lease right-of-use assets34,13835,433
Deferred and prepaid sales commission costs, non-current390,459438,579
Goodwill54,64754,335
Acquired intangibles, net494,931528,051
Other assets33,93635,848
Total assets2,046,4202,073,662
Current liabilities  
Accounts payable56,35362,721
Accrued liabilities314,902380,113
Deferred revenue219,933209,725
Total current liabilities591,188652,559
Convertible senior notes, net1,639,5301,638,411
Operating lease liabilities18,39120,182
Other long-term liabilities69,81745,848
Total liabilities2,318,9262,357,000
Commitments and contingencies (Note 7)
Series A convertible preferred stock199,449199,449
Stockholders' deficit  
Common stock1010
Additional paid-in capital1,123,3511,059,880
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