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Ringcentral (RNG)

(Delayed Data from NYSE)

$29.51 USD

29.51
656,989

+0.15 (0.51%)

Updated Apr 22, 2024 04:00 PM ET

After-Market: $29.51 0.00 (0.00%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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2-Buy of 5   2      

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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C Value A Growth B Momentum A VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 17% (42 out of 250)

Industry: Internet - Software and Services

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Better trading starts here.

Balance Sheet

Research for RNG

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Ringcentral, Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 222 270 267 640 344
Receivables 364 311 233 176 130
Notes Receivable 0 0 0 0 0
Inventories 0 0 0 0 0
Other Current Assets 262 215 151 110 62
Total Current Assets 849 796 651 926 536
Net Property & Equipment 184 185 167 142 89
Investments & Advances 0 5 210 213 132
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 396 439 723 668 462
Intangibles 461 582 772 176 183
Deposits & Other Assets 12 31 8 9 10
Total Assets 1,945 2,074 2,579 2,185 1,451
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 53 63 70 54 35
Current Portion Long-Term Debt 20 0 0 31 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 326 380 280 211 139
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 234 210 176 142 107
Total Current Liabilities 633 653 526 438 281
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 1,638 1,398 1,375 387
Long-Term Debt 1,525 0 0 0 0
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 62 46 84 24 9
Minority Interest (Liabilities) 199 199 199 0 0
Total Liabilities 2,447 2,556 2,240 1,876 705
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 1,205 1,060 1,087 674 1,033
Retained Earnings -1,699 -1,534 -749 -372 -289
Other Equity -8 -9 1 7 2
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity -503 -483 339 308 746
Total Liabilities & Shareholder's Equity 1,945 2,074 2,579 2,185 1,451
Total Common Equity -503 -483 339 308 746
Shares Outstanding 93.40 95.30 92.10 90.40 86.90
Book Value Per Share -5.38 -5.07 3.68 3.41 8.58

Fiscal Year End for Ringcentral, Inc falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 222 432 225 275
Receivables NA 364 348 322 315
Notes Receivable NA 0 0 0 0
Inventories NA 0 0 0 0
Other Current Assets NA 262 272 256 261
Total Current Assets NA 849 1,052 804 851
Net Property & Equipment NA 184 184 186 187
Investments & Advances NA 0 0 0 0
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 396 394 404 390
Intangibles NA 461 498 512 550
Deposits & Other Assets NA 12 22 24 34
Total Assets NA 1,945 2,182 1,960 2,046
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 53 43 37 56
Current Portion Long-Term Debt NA 20 20 20 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 326 311 308 315
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 234 231 227 220
Total Current Liabilities NA 633 605 592 591
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 0 0 0
Convertible Debt NA 0 0 0 1,640
Long-Term Debt NA 1,525 1,781 1,559 0
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 62 65 70
Minority Interest (Liabilities) NA 199 199 199 199
Total Liabilities NA 2,447 2,667 2,432 2,518
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 0 0 0 0
Capital Surplus NA 1,205 1,171 1,143 1,123
Retained Earnings NA -1,699 -1,652 -1,610 -1,588
Other Equity NA -8 -3 -5 -7
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity NA -503 -484 -472 -472
Total Liabilities & Shareholder's Equity NA 1,945 2,182 1,960 2,046
Total Common Equity 0 -503 -484 -472 -472
Shares Outstanding 92.30 93.40 94.60 95.60 95.40
Book Value Per Share 0.00 -5.38 -5.12 -4.94 -4.95