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RNG

RingCentral Inc

RNG

34.09USD+1.35 (+4.12%)Market Closed
Watchlist

Market Summary

USD34.09+1.35
Market Closed
4.12%

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

3.3B

Price/Earnings (Trailing)

-8.08

Price/Sales (Trailing)

1.51

EV/EBITDA

-24.01

Price/Free Cashflow

10.88

RNG Price/Sales (Trailing)

RNG Profitability

EBT Margin

-18.26%

Return on Equity

82.99%

Return on Assets

-18.42%

Free Cashflow Yield

9.19%

RNG Fundamentals

RNG Revenue

Revenue (TTM)

2.2B

Revenue Y/Y

9.65%

Revenue Q/Q

3.5%

RNG Earnings

Earnings (TTM)

-402.1M

Earnings Y/Y

85.2%

Earnings Q/Q

-96.05%

Price Action

Last 7 days

10.9%

Last 30 days

23.4%

Last 90 days

8.2%

Trailing 12 Months

-6.2%

How does RNG drawdown profile look like?

RNG Financial Health

Current Ratio

1.74

RNG Investor Care

Shares Dilution (1Y)

0.22%

Diluted EPS (TTM)

-4.22

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20232.1B2.1B2.2B0
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

Latest Insider Trading transactions for RNG

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Dec 01, 2023
parekh sonalee elizabeth
sold
-1,555,410
29.9337
-51,962
chief financial officer
Nov 22, 2023
shmunis vladimir
sold
-278,181
29.276
-9,502
-
Nov 21, 2023
shmunis vladimir
sold
-1,682,660
28.9003
-58,223
-
Nov 21, 2023
marlow john h
sold
-495,719
28.8898
-17,159
svp, cao & general counsel
Nov 21, 2023
agarwal vaibhav
sold
-159,996
29.449
-5,433
deputy chief financial officer
Nov 20, 2023
parekh sonalee elizabeth
sold (taxes)
-273,608
30.31
-9,027
chief financial officer
Nov 20, 2023
robbiati tarek
sold (taxes)
-643,330
30.31
-21,225
chief executive officer
Nov 20, 2023
agarwal vaibhav
sold (taxes)
-202,774
30.31
-6,690
deputy chief financial officer
Nov 16, 2023
agarwal vaibhav
sold
-24,960
30.00
-832
deputy chief financial officer
Nov 15, 2023
marlow john h
acquired
-
-
1,604
svp, cao & general counsel

1–10 of 50

Which funds bought or sold RNG recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Dec 06, 2023
CITIGROUP INC
added
507
3,538,830
4,325,560
-%
Dec 01, 2023
B. Riley Wealth Advisors, Inc.
unchanged
-
156
59,924
-%
Dec 01, 2023
B. Riley Wealth Advisors, Inc.
sold off
-100
-393,251
-
-%
Nov 30, 2023
Neo Ivy Capital Management
new
-
53,000
53,000
0.02%
Nov 24, 2023
DEUTSCHE BANK AG\
reduced
-98.94
-18,740,700
181,455
-%
Nov 22, 2023
Graham Capital Management, L.P.
sold off
-100
-1,964,360
-
-%
Nov 21, 2023
COMERICA BANK
added
893
23,852
23,852
-%
Nov 17, 2023
OLD NATIONAL BANCORP /IN/
added
2.95
-71,089
973,848
0.03%
Nov 17, 2023
JACOBS LEVY EQUITY MANAGEMENT, INC
reduced
-64.08
-3,576,450
1,723,520
0.01%
Nov 17, 2023
Diversified Trust Co
sold off
-100
-236,146
-
-%

1–10 of 34

Latest Funds Activity

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

Schedule 13G FIlings of RingCentral Inc

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
May 26, 2023
sylebra capital ltd
8.68%
7,437,154
SC 13D
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

Recent SEC filings of RingCentral Inc

View All Filings
Date Filed Form Type Document
Dec 04, 2023
4
Insider Trading
Dec 01, 2023
144
Notice of Insider Sale Intent
Nov 24, 2023
4
Insider Trading
Nov 22, 2023
4
Insider Trading
Nov 22, 2023
4
Insider Trading
Nov 22, 2023
4
Insider Trading
Nov 22, 2023
4
Insider Trading
Nov 21, 2023
144
Notice of Insider Sale Intent
Nov 21, 2023
144
Notice of Insider Sale Intent
Nov 21, 2023
144
Notice of Insider Sale Intent

Peers (Alternatives to RingCentral Inc)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
244.5B
34.0B
18.57% 92.68%
94.31
7.2
12.08% 832.37%
126.8B
36.0B
24.71% 133.38%
120.32
3.53
23.77% 111.91%
47.9B
5.3B
8.25% 13.92%
52.28
8.97
9.15% 48.14%
24.9B
2.2B
0.09% 17.28%
51.49
11.53
6.50% 3.13%
21.9B
4.5B
18.20% 1.00%
93.18
4.86
3.50% -66.41%
MID-CAP
6.5B
572.7M
-9.35% 65.72%
-138.18
11.4
29.15% 4.99%
5.0B
4.4B
23.23% 24.15%
-5.59
1.16
11.93% 29.50%
3.3B
284.7M
4.63% 118.99%
-12.46
11.48
5.51% -9.92%
3.1B
920.0M
18.89% -5.46%
-10.55
3.33
26.29% 10.26%
2.8B
863.6M
9.54% 15.11%
43.27
3.29
4.08% 56.97%
2.1B
217.5M
-2.44% 33.28%
151.7
9.81
19.98% 38.67%
SMALL-CAP
1.2B
413.5M
0.67% 10.41%
92.02
2.88
-1.65% -71.35%
622.7M
592.1M
20.78% -62.37%
-3.47
1.05
-22.55% -433.99%
193.3M
122.1M
-6.38% -5.47%
-28.91
1.58
39.32% 62.24%
50.0M
31.2M
-6.44% -9.38%
-6.88
1.6
8.78% 46.25%

RingCentral Inc News

Latest updates
The DBT News08 Dec 202310:32 pm29 hours ago
Best Stocks07 Dec 202310:08 pm2 days ago
InvestorsObserver07 Dec 202306:46 pm2 days ago
MarketBeat07 Dec 202310:16 am2 days ago
Marketscreener.com05 Dec 202304:31 pm4 days ago
GuruFocus.com27 Nov 202311:27 pm12 days ago
Defense World27 Nov 202310:57 am12 days ago
Yahoo Finance27 Nov 202308:00 am12 days ago
Yahoo Finance25 Nov 202308:00 am14 days ago
Best Stocks21 Nov 202307:57 pm18 days ago
Yahoo Finance06 Nov 202308:00 am33 days ago
Investing.com06 Nov 202308:00 am33 days ago
InvestorsObserver02 Nov 202307:00 am37 days ago
Zacks Investment Research31 Oct 202307:00 am39 days ago

Financials for RingCentral Inc

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Revenue3.5%558539534525509487468448415379352335304278268253233215201189174
Gross Profit3.8%389375373364342329312312304274255243221201194186174162151145135
Operating Expenses5.6%443420428620524436416416387348297272251231220206184169158148142
  S&GA Expenses2.4%27126426027526226525424622520317916215313813112611010410092.0086.00
  R&D Expenses6.4%85.0080.0085.0089.0087.0097.0090.0087.0084.0076.0063.0057.0048.0044.0041.0039.0035.0033.0030.0027.0026.00
EBITDA Margin68.9%-0.05*-0.18*-0.25*-0.31*-0.29*-0.22*-0.20*-0.12*-0.07*0.01*0.09*0.04*-0.03*-0.03*-0.05*0.00*0.02*0.02*0.02*0.02*0.02*
Interest Expenses137.6%12.005.002.001.001.001.001.0016.0016.0016.0016.0017.0013.0013.008.005.005.005.005.005.005.00
Income Taxes-154.0%-3.787.003.002.001.001.001.001.001.000.000.000.000.000.000.00-0.21-0.150.00-3.09-0.110.00
Earnings Before Taxes-215.9%-45.90-14.53-51.31-281-283-158-149-117-146-1100.00-1.70-20.531.00-60.51-25.47-12.90-9.13-9.44-5.81-9.41
EBT Margin39.1%-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*-0.04*-0.03*
Net Income-96.1%-42.12-21.48-54.40-284-284-159-150-118-146-110-0.19-1.83-20.961.00-60.72-25.26-12.75-9.24-6.36-5.68-9.52
Net Income Margin39.0%-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*-0.04*-0.03*
Free Cashflow-4.7%82.0086.0010030.0034.0042.0052.0040.0036.0019.0028.00-12.11-91.2318.006.00-12.5720.0016.0013.0014.0014.00
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Assets11.3%2,1821,9602,0462,0742,3162,5192,5682,5791,9661,9692,0702,1852,1161,9651,8721,4511,0591,012966894842
  Current Assets31.0%1,0528048517967757397216516946487449269931,002972536765735704708702
    Cash Equivalents91.9%432225275270305306302267345325463640746774762344583568549566577
  Inventory3.5%1.001.001.001.001.005.006.006.001.001.001.001.001.001.000.000.000.000.000.000.000.00
  Net PPE-1.2%18418618718518217817316715915314614213311498.0089.0084.0079.0074.0070.0060.00
  Goodwill21.8%66.0055.0055.0054.0053.0054.0055.0055.0056.0057.0056.0057.0056.0055.0055.0055.0055.0056.0055.0024.009.00
Liabilities10.5%2,4682,2332,3192,3572,3612,3582,3202,0411,9201,8761,8531,8721,8171,4161,381705690657634577542
  Current Liabilities2.2%605592591653639622576526476447444438369371308281268246229199173
    LT Debt, Current0%20.0020.00-------------------
    LT Debt, Non Current14.3%1,7811,559-1,638-----------------
Shareholder's Equity-2.7%-484-471-471-482-244-37.6949.0033945.0092.00213308298542490746369356331318299
  Retained Earnings-2.6%-1,651-1,609-1,588-1,533-1,249-965-805-748-630-483-372-372-370-349-350-289-264-251-242-235-230
  Additional Paid-In Capital2.4%1,1711,1431,1231,0601,0239378561,0876735715826746658908401,033633605571551527
Accumulated Depreciation5.3%31429827825924022420919317916515113812711610799.0092.0086.0080.0076.0071.00
Shares Outstanding-100.0%-95.0096.00-96.0095.0095.00-92.0091.0091.0089.0089.0088.0087.0083.0082.0082.0081.0080.0080.00
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q3
Cashflow From Operations-4.5%86,594,00090,691,000108,533,00039,372,00042,260,00050,678,00058,995,00047,651,00043,029,00024,516,00036,955,000-2,484,000-72,816,00027,040,00013,069,000-6,162,00026,760,00024,051,00020,197,00023,028,00020,227,000
  Share Based Compensation6.7%111,682,000104,660,00098,191,00092,232,00095,658,000100,511,00097,608,000103,216,000104,426,00095,361,00054,962,00052,190,00051,566,00049,255,00036,589,00029,664,00027,376,00024,916,00019,398,00018,709,00018,515,000
Cashflow From Investing-76.0%-31,341,000-17,805,000-21,319,000-22,977,000-18,522,000-23,784,000-21,927,000-333,647,000-19,574,000-16,772,000-26,836,000-45,645,000-29,439,000-18,352,000-14,250,000-236,083,000-10,231,000-12,191,000-38,275,000-39,009,000-8,746,000
Cashflow From Financing225.3%153,045,000-122,117,000-82,726,000-53,438,000-22,853,000-19,997,000-1,930,000208,242,000-3,057,000-145,740,000-186,496,000-58,773,00073,284,0002,783,000420,296,0002,639,000-1,116,0006,787,000732,0005,274,000-568,000
  Buy Backs-25.1%75,292,000100,506,00074,776,00054,789,00020,000,00025,004,000---------------

RNG Income Statement

2023-09-30
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues    
Total revenues$ 558,164$ 509,032$ 1,631,158$ 1,463,584
Cost of revenues    
Total cost of revenues168,974167,474494,067481,138
Gross profit389,190341,5581,137,091982,446
Operating expenses    
Research and development85,44486,700250,965273,492
Sales and marketing270,767261,914795,422781,767
General and administrative87,15472,261244,472217,810
Asset write-down charge0103,2420103,242
Total operating expenses443,365524,1171,290,8591,376,311
Loss from operations(54,175)(182,559)(153,768)(393,865)
Other income (expense), net    
Interest expense(12,162)(1,178)(19,492)(3,613)
Other income (expense)20,441(100,006)61,521(194,725)
Other income (expense), net8,279(101,184)42,029(198,338)
Loss before income taxes(45,896)(283,743)(111,739)(592,203)
(Benefit from) provision for income taxes(3,780)8736,2582,900
Net loss$ (42,116)$ (284,616)$ (117,997)$ (595,103)
Net loss per common share    
Basic (in dollars per share)$ (0.45)$ (2.98)$ (1.24)$ (6.26)
Diluted (in dollars per share)$ (0.45)$ (2.98)$ (1.24)$ (6.26)
Weighted-average number of shares used in computing net loss per share    
Basic (in shares)94,59395,57595,21395,097
Diluted (in shares)94,59395,57595,21395,097
Subscriptions    
Revenues    
Total revenues$ 531,030$ 483,229$ 1,552,956$ 1,386,140
Cost of revenues    
Total cost of revenues141,172134,372413,664395,083
Other    
Revenues    
Total revenues27,13425,80378,20277,444
Cost of revenues    
Total cost of revenues$ 27,802$ 33,102$ 80,403$ 86,055

RNG Balance Sheet

2023-09-30
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets  
Cash and cash equivalents$ 432,352$ 269,984
Accounts receivable, net347,912311,318
Deferred and prepaid sales commission costs176,197158,865
Prepaid expenses and other current assets95,85855,849
Total current assets1,052,319796,016
Property and equipment, net183,593185,400
Operating lease right-of-use assets32,47735,433
Deferred and prepaid sales commission costs, non-current394,020438,579
Goodwill66,48254,335
Acquired intangibles, net431,920528,051
Other assets21,68335,848
Total assets2,182,4942,073,662
Current liabilities  
Accounts payable43,31162,721
Accrued liabilities310,752380,113
Current portion of long-term debt, net20,0000
Deferred revenue231,247209,725
Total current liabilities605,310652,559
Long-term debt, net1,781,2521,638,411
Operating lease liabilities18,57720,182
Other long-term liabilities62,36245,848
Total liabilities2,467,5012,357,000
Commitments and contingencies (Note 9)
Series A convertible preferred stock199,449199,449
Stockholders' deficit  
Common stock910
Additional paid-in capital1,170,6721,059,880
Accumulated other comprehensive loss(3,244)(8,781)
Accumulated deficit(1,651,893)(1,533,896)
Total stockholders' deficit(484,456)(482,787)
Total liabilities, temporary equity and stockholders’ deficit$ 2,182,494$ 2,073,662
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
 WEBSITEwww.ringcentral.com
 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 Fri Dec 08 2023, market cap of RingCentral Inc is 3.25 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. 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 Fri Dec 08 2023, RNG's PE ratio (Price to Earnings) is -8.08 and Price to Sales (PS) ratio is 1.51. 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 0.071 (multiply by 100 for percentage) rate of return.