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RNG

RNG - RingCentral Inc Stock Price, Fair Value and News

29.99USD-0.32 (-1.06%)Market Closed

Market Summary

RNG
USD29.99-0.32
Market Closed
-1.06%

RNG Stock Price

View Fullscreen

RNG RSI Chart

RNG Valuation

Market Cap

2.8B

Price/Earnings (Trailing)

-17.23

Price/Sales (Trailing)

1.29

EV/EBITDA

36.69

Price/Free Cashflow

7.57

RNG Price/Sales (Trailing)

RNG Profitability

Operating Margin

94.11%

EBT Margin

-7.12%

Return on Equity

-338.72%

Return on Assets

-8.5%

Free Cashflow Yield

13.21%

RNG Fundamentals

RNG Revenue

Revenue (TTM)

2.2B

Rev. Growth (Yr)

8.87%

Rev. Growth (Qtr)

2.35%

RNG Earnings

Earnings (TTM)

-165.2M

Earnings Growth (Yr)

83.37%

Earnings Growth (Qtr)

-12.17%

Breaking Down RNG Revenue

Last 7 days

1.3%

Last 30 days

-7.5%

Last 90 days

-8.9%

Trailing 12 Months

12.4%

How does RNG drawdown profile look like?

RNG Financial Health

Current Ratio

1.34

Debt/Equity

31.27

Debt/Cashflow

0.26

RNG Investor Care

Buy Backs (1Y)

0.34%

Diluted EPS (TTM)

-1.75

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
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
Apr 01, 2024
agarwal vaibhav
sold
-68,539
34.546
-1,984
deputy chief financial officer
Mar 15, 2024
agarwal vaibhav
sold
-491,655
34.837
-14,113
deputy chief financial officer
Mar 08, 2024
goldman kenneth a
sold
-46,368
36.056
-1,286
-
Mar 07, 2024
goldman kenneth a
sold
-44,357
34.4659
-1,287
-
Mar 01, 2024
bhatt prat
acquired
-
-
-
-
Mar 01, 2024
bhatt prat
acquired
-
-
4,465
-
Feb 28, 2024
segal ned d.
acquired
-
-
7,718
-
Feb 23, 2024
parekh sonalee elizabeth
sold
-630,729
30.8349
-20,455
chief financial officer
Feb 22, 2024
shmunis vladimir
sold
-4,169,570
30.312
-137,555
ceo and chairman
Feb 22, 2024
marlow john h
sold
-1,725,340
30.3154
-56,913
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
May 06, 2024
SG Americas Securities, LLC
reduced
-57.13
-397,000
311,000
-%
May 06, 2024
Advisory Services Network, LLC
added
44.67
136,431
420,423
0.01%
May 06, 2024
Parallel Advisors, LLC
reduced
-13.86
-668
4,968
-%
May 06, 2024
LMCG INVESTMENTS, LLC
reduced
-30.08
-315,326
792,836
0.05%
May 06, 2024
HighTower Advisors, LLC
reduced
-4.54
-10,000
374,000
-%
May 06, 2024
Manchester Capital Management LLC
new
-
695
695
-%
May 06, 2024
Savant Capital, LLC
new
-
320,616
320,616
-%
May 06, 2024
TEACHER RETIREMENT SYSTEM OF TEXAS
new
-
751,000
751,000
-%
May 06, 2024
Jefferies Financial Group Inc.
added
116
667,017
1,119,230
0.01%
May 06, 2024
NEW YORK LIFE INVESTMENT MANAGEMENT LLC
reduced
-7.82
-21,851
363,380
-%

1–10 of 40

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
May 07, 2024
10-Q
Quarterly Report
May 07, 2024
8-K
Current Report
Apr 24, 2024
10-K/A
Annual Report
Apr 03, 2024
4
Insider Trading
Apr 01, 2024
144
Notice of Insider Sale Intent
Mar 15, 2024
144
Notice of Insider Sale Intent
Mar 15, 2024
144
Notice of Insider Sale Intent
Mar 15, 2024
4
Insider Trading
Mar 14, 2024
144
Notice of Insider Sale Intent
Mar 08, 2024
4
Insider Trading

Peers (Alternatives to RingCentral Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
268.8B
34.9B
-8.21% 40.03%
64.99
7.71
11.18% 1888.46%
146.2B
37.3B
-8.76% 81.30%
77.47
3.92
16.95% 120.64%
45.9B
5.3B
-12.38% 11.70%
50.03
8.58
9.15% 48.14%
28.4B
2.2B
-4.94% 10.42%
65.29
12.74
3.59% -21.47%
18.7B
4.5B
-1.27% -1.26%
29.32
4.13
3.06% 514.65%
MID-CAP
9.0B
671.8M
7.08% 80.52%
117.4
13.36
33.64% 185.98%
6.4B
4.4B
-7.01% 94.26%
-18.78
1.45
7.53% 78.52%
3.5B
881.7M
0.94% 51.68%
43.42
3.96
4.64% 44.42%
3.4B
970.0M
0.90% -15.87%
-19.13
3.53
13.46% 43.89%
3.0B
296.4M
-1.51% 28.86%
-10.99
10.07
11.14% -3.59%
2.2B
228.1M
-1.05% 5.96%
25.28
9.67
18.99% 599.09%
SMALL-CAP
1.2B
413.5M
0.63% -1.64%
92.02
2.88
-1.65% -71.35%
221.1M
31.6M
107.65% 183.16%
-37.66
6.99
2.76% 43.72%
220.4M
572.4M
-0.46% -81.88%
-1.11
0.39
-19.38% -489.49%
188.4M
117.7M
-2.80% -45.81%
-19.11
1.6
12.54% 11.24%

RingCentral Inc News

Latest updates
Seeking Alpha • 78 minutes ago
Yahoo News UK • 44 hours ago
The Globe and Mail • 44 hours ago
Yahoo New Zealand News • 05 May 2024 • 12:00 pm
Defense World • 04 May 2024 • 07:53 am

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/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue2.3%571558539534525509487468448415379352335304278268253233215201189
Gross Profit3.0%401389375373364342329312312304274255243221201194186174162151145
Operating Expenses0.6%446443420428620524436416416387348297272251231220206184169158148
  S&GA Expenses0.7%27327126426027526226525424622520317916215313813112611010410092.00
  R&D Expenses-0.7%85.0085.0080.0085.0089.0087.0097.0090.0087.0084.0076.0063.0057.0048.0044.0041.0039.0035.0033.0030.0027.00
EBITDA Margin194.3%0.05*-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*0.02*
Interest Expenses35.7%17.0012.005.002.001.001.001.001.0016.0016.0016.0016.0017.0013.0013.008.005.005.005.005.005.00
Income Taxes155.8%2.00-3.787.003.002.001.001.001.001.001.000.000.000.000.000.000.00-0.23-0.100.00-3.10-0.12
Earnings Before Taxes1.7%-45.11-45.90-14.53-51.31-281-283-158-149-117-146-1100.00-1.70-20.531.00-60.51-25.47-12.90-9.13-9.44-5.81
EBT Margin61.0%-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*-0.04*
Net Income-12.2%-47.24-42.12-21.48-54.40-284-284-159-150-118-146-110-0.19-1.83-20.961.00-60.72-25.26-12.75-9.24-6.36-5.68
Net Income Margin59.8%-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*-0.04*
Free Cashflow31.1%10882.0086.0010030.0034.0042.0052.0040.0036.0019.0028.00-12.11-91.2318.006.00-12.5720.0016.0013.0014.00
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets-10.9%1,9452,1821,9602,0462,0742,3162,5192,5682,5791,9661,9692,0702,1852,1161,9651,8721,4511,0591,012966894
  Current Assets-19.4%8491,0528048517967757397216516946487449269931,002972536765735704708
    Cash Equivalents-48.6%222432225275270305306302267345325463640746774762344583568549566
  Inventory28.1%1.001.001.001.001.001.005.006.006.001.001.001.001.001.001.000.000.000.000.000.000.00
  Net PPE0.4%18418418618718518217817316715915314614213311498.0089.0084.0079.0074.0070.00
  Goodwill1.3%67.0066.0055.0055.0054.0053.0054.0055.0055.0056.0057.0056.0057.0056.0055.0055.0055.0055.0056.0055.0025.00
Liabilities-8.9%2,2482,4682,2332,3192,3572,3612,3582,3202,0411,9201,8761,8531,8721,8171,4161,381705690657634577
  Current Liabilities4.5%633605592591653639622576526476447444438369371308281268246229199
  Long Term Debt-14.4%1,5251,7811,559-1,638----------------
    LT Debt, Current-100.0%-20.0020.00------------------
    LT Debt, Non Current-14.4%1,5251,7811,559-1,638----------------
Shareholder's Equity--------49.0033945.0092.00213308298542490746369356331318
  Retained Earnings-2.9%-1,699-1,651-1,609-1,588-1,533-1,249-965-805-748-630-483-372-372-370-349-350-289-264-251-242-235
  Additional Paid-In Capital2.9%1,2051,1711,1431,1231,0601,0239378561,0876735715826746658908401,033633605571551
Accumulated Depreciation6.3%33331429827825924022420919317916515113812711610799.0092.0086.0080.0076.00
Shares Outstanding0.3%95.0095.0096.0096.0095.0095.0095.0095.0092.0091.0091.0091.0089.0088.0088.0087.0083.0082.0082.0081.0080.00
Float---2,800---4,500-23,900-23,900---22,600---8,400--
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations31.5%113,84486,59490,691108,53339,37242,26050,67858,99547,65143,02924,51636,955-2,484-72,81627,04013,069-6,16226,76024,05120,19723,028
  Share Based Compensation0.4%112,146111,682104,66098,19192,23295,658100,51197,608103,216104,42695,36154,96252,19051,56649,25536,58929,66427,37624,91619,39818,709
Cashflow From Investing36.2%-19,984-31,341-17,805-21,319-22,977-18,522-23,784-21,927-333,647-19,574-16,772-26,836-45,645-29,439-18,352-14,250-236,083-10,231-12,191-38,275-39,009
Cashflow From Financing-300.1%-306,220153,045-122,117-82,726-53,438-22,853-19,997-1,930208,242-3,057-145,740-186,496-58,77373,2842,783420,2962,639-1,1166,7877325,274
  Buy Backs-19.0%61,01775,292100,50674,77654,78920,00025,004--------------
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RNG Income Statement

2023-12-31
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues   
Total revenues$ 2,202,429$ 1,988,330$ 1,594,754
Cost of revenues   
Total cost of revenues664,291641,731448,369
Gross profit1,538,1381,346,5991,146,385
Operating expenses   
Research and development335,851362,256309,739
Sales and marketing1,068,0501,057,231854,156
General and administrative333,048292,898284,276
Asset write-down charges0283,6890
Total operating expenses1,736,9491,996,0741,448,171
Loss from operations(198,811)(649,475)(301,786)
Other income (expense), net   
Interest expense(35,997)(4,807)(64,382)
Other income (expense)77,963(219,771)(7,554)
Other income (expense), net41,966(224,578)(71,936)
Loss before income taxes(156,845)(874,053)(373,722)
Provision for income taxes8,3955,1132,528
Net loss$ (165,240)$ (879,166)$ (376,250)
Net loss per common share   
Basic (in dollars per share)$ (1.74)$ (9.23)$ (4.10)
Diluted (in dollars per share)$ (1.74)$ (9.23)$ (4.10)
Weighted-average number of shares used in computing net loss per share   
Basic (in shares)94,91295,23991,738
Diluted (in shares)94,91295,23991,738
Subscriptions   
Revenues   
Total revenues$ 2,100,329$ 1,887,756$ 1,482,080
Cost of revenues   
Total cost of revenues557,050531,098345,948
Other   
Revenues   
Total revenues102,100100,574112,674
Cost of revenues   
Total cost of revenues$ 107,241$ 110,633$ 102,421

RNG Balance Sheet

2023-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets  
Cash and cash equivalents$ 222,195$ 269,984
Accounts receivable, net364,438311,318
Deferred and prepaid sales commission costs184,620158,865
Prepaid expenses and other current assets77,39655,849
Total current assets848,649796,016
Property and equipment, net184,390185,400
Operating lease right-of-use assets42,98935,433
Deferred and prepaid sales commission costs, non-current395,724438,579
Goodwill67,37054,335
Acquired intangibles, net393,767528,051
Other assets12,02435,848
Total assets1,944,9132,073,662
Current liabilities  
Accounts payable53,29562,721
Accrued liabilities325,632380,113
Current portion of long-term debt, net20,0000
Deferred revenue233,619209,725
Total current liabilities632,546652,559
Long-term debt, net1,525,4821,638,411
Operating lease liabilities28,17820,182
Other long-term liabilities61,82745,848
Total liabilities2,248,0332,357,000
Commitments and contingencies (Note 10)
Stockholders’ deficit  
Additional paid-in capital1,204,7811,059,880
Accumulated other comprehensive loss(8,223)(8,781)
Accumulated deficit(1,699,136)(1,533,896)
Total stockholders’ deficit(502,569)(482,787)
Total liabilities, temporary equity and stockholders’ deficit1,944,9132,073,662
Series A Convertible Preferred Stock  
Current liabilities  
Series A convertible preferred stock, $0.0001 par value; 200 shares authorized at December 31, 2023 and 2022; 200 shares issued and outstanding at December 31, 2023 and 2022199,449199,449
Common Class A  
Stockholders’ deficit  
Common stock89
Class B Common Stock  
Stockholders’ deficit  
Common stock$ 1$ 1
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 Tue May 07 2024, market cap of RingCentral Inc is 2.85 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 Tue May 07 2024, RNG's PE ratio (Price to Earnings) is -17.23 and Price to Sales (PS) ratio is 1.29. 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 0.084 (multiply by 100 for percentage) rate of return.