RNG Stock Analysis: Ringcentral | NYSE
Software - Application | NYSE, USA | Market Cap: 6.001m USD | 12M Return: 153.4% | US76680R2067 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 113M
EPS Trend: 91.2%
Qual. Beats: -1
Rev. Trend: 98.9%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 11.7 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: 0.49 > 0.02 and ΔFCF/TA 16.38 > 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): 3.78 < 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: 2.98 > 6 (EBIT TTM 182.5m / Interest Expense TTM 61.2m) |
| 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 September 27, 2026, the stock is trading at USD 76.16 with a total of 1,546,936 shares traded. Over the past week, the price has changed by +5.98%, over one month by +16.08%, over three months by +120.25% and over the past year by +153.37%.
Current recommended Stop Loss: 72.10 (which is 5.3% 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 | 57.6 | -24.3% |
P/E Trailing = 57.488
P/E Forward = 12.9534
P/S = 2.3224
P/B = 96.6823
P/EG = 0.3562
Revenue TTM = 2.58b USD
EBIT TTM = 182.5m USD
EBITDA TTM = 337.4m USD
Long Term Debt = 1.07b USD (from longTermDebt, last quarter)
Short Term Debt = 46.3m USD (from shortTermDebt, last quarter)
Debt = 1.39b USD (from shortLongTermDebtTotal, last quarter) + Leases 44.0m
Net Debt = 1.28b USD (calculated: Debt 1.39b - CCE 111.5m)
Enterprise Value = 7.28b USD (6.00b + Debt 1.39b - CCE 111.5m)
Interest Coverage Ratio = 2.98 (Ebit TTM 182.5m / Interest Expense TTM 61.2m)
EV/FCF = 10.84x (Enterprise Value 7.28b / FCF TTM 671.4m)
FCF Yield = 9.23% (FCF TTM 671.4m / Enterprise Value 7.28b)
FCF Margin = 25.98% (FCF TTM 671.4m / 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 = 5.27 (Enterprise Value 7.28b / Total Assets 1.38b)
Interest Expense / Debt = 4.41% (Interest Expense 61.2m / 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 = -2.27 (negative equity) (Debt 1.39b / totalStockholderEquity, last quarter -610.4m)
Debt / EBITDA = 3.78 (Net Debt 1.28b / EBITDA 337.4m)
Debt / FCF = 1.90 (Net Debt 1.28b / FCF TTM 671.4m)
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 = 33.86% (EBIT 182.5m / Capital Employed (Equity -535.5m + L.T.Debt 1.07b))
RoIC = 25.38% (NOPAT 165.9m / Invested Capital 653.5m)
WACC = 8.67% (E(6.00b)/V(7.39b) * Re(9.75%) + D(1.39b)/V(7.39b) * Rd(4.41%) * (1-Tc(0.09)))
Discount Rate = 9.75% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -83.01 | Cagr: -3.08%
[DCF] Terminal Value 76.93% ; FCFF base≈609.7m ; Y1≈698.9m ; Y5≈1.03b
[DCF] Fair Price = 181.4 (EV 14.7b - Net Debt 1.28b = Equity 13.4b / Shares 73.7m; r=8.67% [WACC]; 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=1.27 | Chg30d=-0.13% | Revisions=+69% | Analysts=13
EPS current Year (2026-12-31): EPS=5.03 | Chg30d=-0.09% | Revisions=+81% | GrowthEPS=+15.5% | GrowthRev=+5.0%
EPS next Year (2027-12-31): EPS=5.58 | Chg30d=+1.45% | Revisions=+69% | GrowthEPS=+10.8% | GrowthRev=+4.5%
[Analyst] Revisions Ratio: +83% (up=37, down=2)