RingCentral is a provider of software-as-a-service (SaaS) solutions for business communications.The Company's flagship product RingCentral Office is a multi-location, multi-user, enterprise-grade communications solution that enables employees to communicate through different channels and on multiple devices. The company was founded in 1999 and is based in San Mateo, California.
RNG Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for RingCentral Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that RingCentral Inc ranked in the 2th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. The most interesting components of our discounted cash flow analysis for RingCentral Inc ended up being:
RingCentral Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -3.7. This coverage rate is greater than that of only 11.51% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Relative to other stocks in its sector (Technology), RingCentral Inc has a reliance on debt greater than only 24.23% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Technology that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as RNG, try AIRG, INIS, KLIC, MTSC, and TCX.
RingCentral (NYSE: RNG), a leading provider of global enterprise cloud communications, collaboration, and contact center solutions, today announced that the company has been named to the Forbes "Global 2000: The World’s Largest Public Companies" list, released in May, 2020. The annual list, which has been released for the past 18 years, features a ranking of the biggest, most powerful and most valuable companies in the world.
BELMONT, Calif.--(BUSINESS WIRE)-- #Cloud--RingCentral, Inc. (NYSE:RNG), a leading provider of global enterprise cloud communications, collaboration, and contact center solutions, today announced the launch of its IGNITE!™ Partner Program, which enables partners to own the entire sales cycle with organizations of up to 400 employees. IGNITE! builds on RingCentral’s existing industry-leading Channel Harmony® program. The program reinforces RingCentral’s commitment to the channel, and gives partners great
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During Tuesday night's "Lightning Round" segment of Jim Cramer's Mad Money program, one caller asked about RingCentral : "I think RingCentral is terrific," said Cramer. Prices have rallied strongly the past three years but in this fast changing market environment we cannot become complacent. In this daily bar chart of RNG, below, we can see that prices have maintained an uptrend for at least the past 12 months.