Added to YB: 2025-01-24
Pitch date: 2024-12-09
RNG [bearish]
RingCentral, Inc.
+24.88%
current return
Author Info
No bio for this author
Company Info
RingCentral, Inc., together with its subsidiaries, provides cloud business communications, contact center, video, and hybrid event solutions in North America and internationally.
Market Cap
$2.4B
Pitch Price
$41.36
Price Target
N/A
Dividend
N/A
EV/EBITDA
10.33
P/E
193.53
EV/Sales
1.49
Sector
Software
Category
N/A
RingCentral, Inc. - $RNG
RNG short: UCaaS market commoditizing, competition intensifying. Core product weakening vs peers, expensive. Covid contracts renewing, expect churn & pricing pressure. NICE partnership troubled, CCaaS growth challenged. Quality of earnings deteriorating. High SBC offsets buybacks. Debt maturities approaching. Mgmt churn concerning. Valuation implies optimistic outlook at 26x NOPAT.
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