Ringcentral Stock Analysis

RNG Stock  USD 34.54  0.86  2.43%   
Ringcentral is undervalued with Real Value of 39.39 and Target Price of 44.68. The main objective of Ringcentral stock analysis is to determine its intrinsic value, which is an estimate of what Ringcentral is worth, separate from its market price. There are two main types of Ringcentral's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Ringcentral's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Ringcentral's stock to identify patterns and trends that may indicate its future price movements.
The Ringcentral stock is traded in the USA on New York Stock Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Ringcentral is usually not traded on Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour Day. Ringcentral Stock trading window is adjusted to America/New York timezone. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and Ringcentral's ongoing operational relationships across important fundamental and technical indicators.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ringcentral. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
For more detail on how to invest in Ringcentral Stock please use our How to Invest in Ringcentral guide.

Ringcentral Stock Analysis Notes

About 98.0% of the company shares are owned by institutional investors. The company has Price/Earnings To Growth (PEG) ratio of 0.41. Ringcentral recorded a loss per share of 1.48. The entity had not issued any dividends in recent years. RingCentral, Inc. provides software-as-a-service solutions that enable businesses to communicate, collaborate, and connect in North America. The company was incorporated in 1999 and is headquartered in Belmont, California. Ringcentral operates under SoftwareApplication classification in the United States and is traded on New York Stock Exchange. It employs 19 people. To find out more about Ringcentral contact Vladimir Shmunis at 650 472 4100 or learn more at https://www.ringcentral.com.

Ringcentral Quarterly Total Revenue

584.21 Million

Ringcentral Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Ringcentral's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Ringcentral or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
The company reported the last year's revenue of 2.2 B. Reported Net Loss for the year was (165.24 M) with profit before taxes, overhead, and interest of 1.35 B.
Over 98.0% of the company shares are owned by institutional investors
Latest headline from gurufocus.com: Insider Sale CEO Vladimir Shmunis Sells 98,543 Shares of RingCentral Inc

Ringcentral Upcoming and Recent Events

Earnings reports are used by Ringcentral to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Ringcentral previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
21st of February 2024
Upcoming Quarterly Report
View
14th of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
21st of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

Ringcentral Largest EPS Surprises

Earnings surprises can significantly impact Ringcentral's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2016-02-04
2015-12-310.00160.010.0084525 
2018-02-12
2017-12-310.060.070.0116 
2017-08-02
2017-06-300.030.040.0133 
View All Earnings Estimates

Ringcentral Environmental, Social, and Governance (ESG) Scores

Ringcentral's ESG score is a quantitative measure that evaluates Ringcentral's performance and commitment regarding environmental, social, and governance (ESG) factors. These scores are becoming increasingly crucial in investment decision-making processes, providing insights into non-financial aspects of Ringcentral's operations that may have significant financial implications and affect Ringcentral's stock price as well as guide investors towards more socially responsible investments.

Ringcentral Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Ringcentral is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Ringcentral backward and forwards among themselves. Ringcentral's institutional investor refers to the entity that pools money to purchase Ringcentral's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares
Geode Capital Management, Llc2023-12-31
1.3 M
Morgan Stanley - Brokerage Accounts2023-12-31
1.1 M
Maple Rock Capital Partners, Inc.2023-12-31
902 K
Norges Bank2023-12-31
897.5 K
Charles Schwab Investment Management Inc2023-12-31
732.5 K
Bank Of New York Mellon Corp2023-12-31
724.9 K
Aqr Capital Management Llc2023-12-31
670 K
Two Sigma Investments Llc2023-12-31
522.5 K
Goldman Sachs Group Inc2023-12-31
477.4 K
Capital World Investors2023-12-31
11.3 M
Vanguard Group Inc2023-12-31
10.4 M
Note, although Ringcentral's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Ringcentral Market Capitalization

The company currently falls under 'Mid-Cap' category with a total capitalization of 3.18 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Ringcentral's market, we take the total number of its shares issued and multiply it by Ringcentral's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Ringcentral Profitablity

Ringcentral's profitability indicators refer to fundamental financial ratios that showcase Ringcentral's ability to generate income relative to its revenue or operating costs. If, let's say, Ringcentral is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Ringcentral's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Ringcentral's profitability requires more research than a typical breakdown of Ringcentral's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Net Profit Margin of (0.06) %, which means that it does not effectively control expenditures or properly executes on its pricing strategies. This is way below average. In the same way, it shows Net Operating Margin of (0.01) %, which entails that for every $100 of revenue, it lost $0.01.
Last ReportedProjected for Next Year
Return On Tangible Assets(0.11)(0.12)
Return On Capital Employed(0.14)(0.14)
Return On Assets(0.08)(0.09)
Return On Equity 0.33  0.35 

Management Efficiency

Ringcentral has Return on Asset of (0.0434) % which means that on every $100 spent on assets, it lost $0.0434. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (6.8933) %, meaning that it generated no profit with money invested by stockholders. Ringcentral's management efficiency ratios could be used to measure how well Ringcentral manages its routine affairs as well as how well it operates its assets and liabilities. The Ringcentral's current Return On Equity is estimated to increase to 0.35, while Return On Tangible Assets are projected to decrease to (0.12). At this time, Ringcentral's Other Current Assets are most likely to increase significantly in the upcoming years. The Ringcentral's current Intangible Assets is estimated to increase to about 413.5 M, while Other Assets are projected to decrease to roughly 243.5 M.
Last ReportedProjected for Next Year
Book Value Per Share(5.30)(5.03)
Net Current Asset Value 0.00  0.00 
Tangible Asset Value 0.00  0.00 
Tangible Book Value Per Share(10.15)(9.65)
Enterprise Value Over EBITDA 63.05  59.90 
Price Book Value Ratio(6.41)(6.09)
Enterprise Value Multiple 63.05  59.90 
Price Fair Value(6.41)(6.09)
Enterprise Value12.7 B13.3 B
The analysis of Ringcentral's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Ringcentral's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Ringcentral Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Beta
0.941

Technical Drivers

As of the 26th of May, Ringcentral holds the Risk Adjusted Performance of 0.056, coefficient of variation of 1214.98, and Semi Deviation of 2.08. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Ringcentral, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Ringcentral, which can be compared to its competitors. Please check Ringcentral variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Ringcentral is priced some-what accurately, providing market reflects its current price of 34.54 per share. Given that Ringcentral has jensen alpha of 0.1361, we recommend you to check out Ringcentral's recent market performance to make sure the company can sustain itself at a future point.

Ringcentral Price Movement Analysis

Execute Study
The output start index for this execution was thirteen with a total number of output elements of fourty-eight. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Ringcentral middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Ringcentral. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.

Ringcentral Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Ringcentral insiders, such as employees or executives, is commonly permitted as long as it does not rely on Ringcentral's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Ringcentral insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Ringcentral Predictive Daily Indicators

Ringcentral intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Ringcentral stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Ringcentral Corporate Filings

F4
23rd of May 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
F4
21st of May 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
8K
7th of May 2024
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify
10K
24th of April 2024
An amendment to a previously filed Form 10-K
ViewVerify
F4
3rd of April 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
F4
15th of March 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
F4
8th of March 2024
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
4th of March 2024
Other Reports
ViewVerify

Ringcentral Forecast Models

Ringcentral's time-series forecasting models are one of many Ringcentral's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Ringcentral's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

About Ringcentral Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Ringcentral prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Ringcentral shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Ringcentral. By using and applying Ringcentral Stock analysis, traders can create a robust methodology for identifying Ringcentral entry and exit points for their positions.
Last ReportedProjected for Next Year
Pretax Profit Margin(0.07)(0.07)
Operating Profit Margin(0.08)(0.09)
Net Loss(0.08)(0.08)
Gross Profit Margin 0.70  0.54 

Current Ringcentral Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Ringcentral analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Ringcentral analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
44.68Buy25Odds
Ringcentral current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Ringcentral analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Ringcentral stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Ringcentral, talking to its executives and customers, or listening to Ringcentral conference calls.
Ringcentral Analyst Advice Details

Ringcentral Stock Analysis Indicators

Ringcentral stock analysis indicators help investors evaluate how Ringcentral stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Ringcentral shares will generate the highest return on investment. By understating and applying Ringcentral stock analysis, traders can identify Ringcentral position entry and exit signals to maximize returns.
Begin Period Cash Flow270 M
Long Term Debt1.5 B
Common Stock Shares Outstanding94.9 M
Total Stockholder Equity-502.6 M
Tax Provision8.5 M
Property Plant And Equipment Net227.4 M
Cash And Short Term Investments222.2 M
Cash222.2 M
Accounts Payable53.3 M
Net Debt1.6 B
50 Day M A33.2436
Total Current Liabilities632.5 M
Other Operating Expenses2.4 B
Non Current Assets Total1.3 B
Forward Price Earnings8.7951
Non Currrent Assets Other592.4 M
Stock Based Compensation426.7 M
When determining whether Ringcentral is a strong investment it is important to analyze Ringcentral's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Ringcentral's future performance. For an informed investment choice regarding Ringcentral Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ringcentral. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
For more detail on how to invest in Ringcentral Stock please use our How to Invest in Ringcentral guide.
You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.

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When running Ringcentral's price analysis, check to measure Ringcentral's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ringcentral is operating at the current time. Most of Ringcentral's value examination focuses on studying past and present price action to predict the probability of Ringcentral's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ringcentral's price. Additionally, you may evaluate how the addition of Ringcentral to your portfolios can decrease your overall portfolio volatility.
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Is Ringcentral's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ringcentral. If investors know Ringcentral will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ringcentral listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.48)
Revenue Per Share
23.9
Quarterly Revenue Growth
0.095
Return On Assets
(0.04)
Return On Equity
(6.89)
The market value of Ringcentral is measured differently than its book value, which is the value of Ringcentral that is recorded on the company's balance sheet. Investors also form their own opinion of Ringcentral's value that differs from its market value or its book value, called intrinsic value, which is Ringcentral's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ringcentral's market value can be influenced by many factors that don't directly affect Ringcentral's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ringcentral's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ringcentral is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ringcentral's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.