RNG Stock Analysis: Ringcentral | NYSE
Software - Application | NYSE, USA | Market Cap: 3.239m USD | 12M Return: 77.4% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 66.2M
EPS Trend: 91.2%
Qual. Beats: -1
Rev. Trend: 98.9%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
RingCentral, Inc. (NYSE: RNG) is a cloud-based business communications provider offering an integrated platform spanning business phone, SMS, contact center, video collaboration, and messaging, increasingly augmented by agentic voice AI. Its core product suite includes RingEX (a unified communications platform), RingCentral Contact Center and RingCX (contact center as a service solutions), and the Customer Engagement Bundle for smaller deployments. The company is layering AI capabilities across its stack through products such as AI Receptionist, AI Virtual Assistant, AI Quality Management, AI Agent Assist, and AI Supervisor Assist, alongside RingCentral Events for virtual and hybrid events.
RingCentral sells primarily through a subscription-based software-as-a-service model, distributing to both enterprise customers and small and medium-sized businesses via resellers, distributors, partners, and global service providers. Its end markets span healthcare, financial and professional services, retail, government, education, legal, real estate, technology, insurance, construction, and hospitality. Founded in 1999 and headquartered in Belmont, California, the company has been listed on the NYSE since its 2013 IPO and is classified within the Information Technology sector under the Application Software sub-industry.
- AI Receptionist adoption accelerates enterprise seat growth and ARPU expansion
- Microsoft Teams and Zoom competition pressures UCaaS pricing and market share
- Operating margin expansion driven by workforce reductions and AI efficiency gains
| Net Income: 110.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.50 > 0.02 and ΔFCF/TA 17.52 > 1.0 |
| NWC/Revenue: 2.73% < 20% (prev -17.63%; Δ 20.36% < -1%) |
| CFO/TA 0.49 > 3% & CFO 677.5m > Net Income 110.3m |
| Net Debt (1.28b) to EBITDA (337.4m): 3.80 < 3 |
| Current Ratio: 1.11 > 1.5 & < 3 |
| Outstanding Shares: last quarter (86.8m) vs 12m ago -6.15% < -2% |
| Gross Margin: 71.80% > 18% (prev 70.77%; Δ 1.02% > 0.5%) |
| Asset Turnover: 173.0% > 50% (prev 153.0%; Δ 20.06% > 0%) |
| Interest Coverage Ratio: 5.78 > 6 (EBIT TTM 182.5m / Interest Expense TTM 31.6m) |
| A: 0.05 (Total Current Assets 733.2m - Total Current Liabilities 662.7m) / Total Assets 1.38b |
| B: -1.20 (Retained Earnings -1.66b / Total Assets 1.38b) |
| C: 0.12 (EBIT TTM 182.5m / Avg Total Assets 1.49b) |
| D: -0.31 (Book Value of Equity -610.4m / Total Liabilities 1.99b) |
| Altman-Z'' = -3.08 = D |
| DSRI: 0.95 (Receivables 389.0m/391.2m, Revenue 2.58b/2.46b) |
| GMI: 0.99 (GM 70.77% / 71.80%) |
| AQI: 0.83 (AQ_t 0.30 / AQ_t-1 0.36) |
| SGI: 1.05 (Revenue 2.58b / 2.46b) |
| TATA: -0.41 (NI 110.3m - CFO 677.5m) / TA 1.38b) |
| Beneish M = -3.19 (Cap -4..+1) = AA |
As of July 25, 2026, the stock is trading at USD 48.31 with a total of 8,430,019 shares traded. Over the past week, the price has changed by +16.92%, over one month by +34.76%, over three months by +18.30% and over the past year by +77.35%.
Current recommended Stop Loss: 45.60 (which is 5.6% or 1.2 ATR below the current price).
Ringcentral has received a consensus analysts rating of 3.60. Therefore, it is recommended to hold RNG.
- StrongBuy: 6
- Buy: 2
- Hold: 11
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 44.7 | -7.5% |
P/E Trailing = 39.8144
P/E Forward = 7.6104
P/S = 1.2714
P/B = 96.6823
P/EG = 0.2084
Revenue TTM = 2.58b USD
EBIT TTM = 182.5m USD
EBITDA TTM = 337.4m USD
Long Term Debt = 629.6m USD (from longTermDebt, last fiscal year)
Short Term Debt = 46.3m USD (from shortTermDebt, last quarter)
Debt = 1.39b USD (from shortLongTermDebtTotal, last quarter) + Leases 48.5m
Net Debt = 1.28b USD (calculated: Debt 1.39b - CCE 111.5m)
Enterprise Value = 4.52b USD (3.24b + Debt 1.39b - CCE 111.5m)
Interest Coverage Ratio = 5.78 (Ebit TTM 182.5m / Interest Expense TTM 31.6m)
EV/FCF = 6.58x (Enterprise Value 4.52b / FCF TTM 687.0m)
FCF Yield = 15.20% (FCF TTM 687.0m / Enterprise Value 4.52b)
FCF Margin = 26.59% (FCF TTM 687.0m / Revenue TTM 2.58b)
Net Margin = 4.27% (Net Income TTM 110.3m / Revenue TTM 2.58b)
Gross Margin = 71.80% ((Revenue TTM 2.58b - Cost of Revenue TTM 728.7m) / Revenue TTM)
Gross Margin QoQ = 71.89% (prev 72.15%)
Tobins Q-Ratio = 3.27 (Enterprise Value 4.52b / Total Assets 1.38b)
Interest Expense / Debt = 2.27% (Interest Expense 31.6m / Debt 1.39b)
Taxrate = 9.10% (11.0m / 121.3m)
NOPAT = 165.9m (EBIT 182.5m * (1 - 9.10%))
Current Ratio = 1.11 (Total Current Assets 733.2m / Total Current Liabilities 662.7m)
Debt / Equity = -2.28 (negative equity) (Debt 1.39b / totalStockholderEquity, last quarter -610.4m)
Debt / EBITDA = 3.80 (Net Debt 1.28b / EBITDA 337.4m)
Debt / FCF = 1.86 (Net Debt 1.28b / FCF TTM 687.0m)
Total Stockholder Equity = -535.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 7.38% (Net Income 110.3m / Total Assets 1.38b)
RoE = -20.59% (negative equity) (Net Income TTM 110.3m / Total Stockholder Equity -535.5m)
RoCE = 194.0% (EBIT 182.5m / Capital Employed (Equity -535.5m + L.T.Debt 629.6m))
RoIC = 25.38% (NOPAT 165.9m / Invested Capital 653.5m)
WACC = 8.06% (E(3.24b)/V(4.63b) * Re(10.64%) + D(1.39b)/V(4.63b) * Rd(2.27%) * (1-Tc(0.09)))
Discount Rate = 10.64% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -83.01 | Cagr: -3.08%
[DCF] Terminal Value 77.97% ; FCFF base≈619.1m ; Y1≈709.7m ; Y5≈1.04b
[DCF] Fair Price = 194.9 (EV 15.7b - Net Debt 1.28b = Equity 14.4b / Shares 74.1m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 91.18 | EPS CAGR: 13.78% | SUE: -4.0 | # QB: -1
Revenue Correlation: 98.85 | Revenue CAGR: 6.62% | SUE: 3.01 | # QB: 1
EPS current Quarter (2026-09-30): EPS=1.26 | Chg30d=+0.79% | Revisions=+21% | Analysts=14
EPS current Year (2026-12-31): EPS=4.95 | Chg30d=+0.29% | Revisions=+72% | GrowthEPS=+13.5% | GrowthRev=+4.6%
EPS next Year (2027-12-31): EPS=5.44 | Chg30d=+1.04% | Revisions=+18% | GrowthEPS=+9.9% | GrowthRev=+4.5%
[Analyst] Revisions Ratio: +49% (up=26, down=8)