RNG RingCentral

RingCentral, Inc. engages in the provision of global enterprise cloud communications and collaboration solutions. The firms solutions provide a single user identity across multiple locations and devices, including smartphones, tablets, PCs and desk phones; and allow for communication across multiple modes, including high-definition voice, video, SMS, messaging and collaboration, conferencing, online meetings and fax. It sells its products under the RingCentral Professional, RingCentral Glip, and RingCentral Fax brands. The company was founded by Vlad Vendrow and Vladimir Shmunis in 1999 and is headquartered in Belmont, CA.
Company profile
Ticker
RNG
Exchange
Website
CEO
Vladimir Shmunis
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
RingCentral Inc
SEC CIK
Corporate docs
RNG stock data
()
News
The Forecast For 2021: Cloud(y)
4 Mar 21
12 Information Technology Stocks Moving In Wednesday's After-Market Session
3 Mar 21
Craig-Hallum Maintains Buy on RingCentral, Raises Price Target to $530
17 Feb 21
Northland Capital Markets Maintains Outperform on RingCentral, Raises Price Target to $450
17 Feb 21
Jefferies Maintains Buy on RingCentral, Raises Price Target to $475
17 Feb 21
Press releases
RingCentral Named a Leader in Two IDC MarketScape UCaaS Reports for Enterprise and SMB Segments
4 Mar 21
RingCentral Appoints Former U.S. Secretary of Education Arne Duncan to Board of Directors
16 Feb 21
RingCentral Announces Fourth Quarter 2020 Results
16 Feb 21
RingCentral, Inc. to Host Earnings Call
16 Feb 21
Lush Cosmetics Selects RingCentral through CDW to Power Cloud Communications Globally
10 Feb 21
Investment data
Securities sold
Number of investors
Calendar
25 Feb 21
8 Mar 21
31 Dec 21
Financial summary
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Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
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Diluted EPS |
Annual (USD) |
Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Diluted EPS |
Financial data from RingCentral earnings reports.
Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 639.85M | 639.85M | 639.85M | 639.85M | 639.85M | 639.85M |
Cash burn (monthly) | 35.24M | (positive/no burn) | 9.58M | 12.35M | 828K | 2.93M |
Cash used (since last report) | 79.89M | n/a | 21.72M | 28.01M | 1.88M | 6.65M |
Cash remaining | 559.97M | n/a | 618.13M | 611.84M | 637.98M | 633.2M |
Runway (months of cash) | 15.9 | n/a | 64.5 | 49.5 | 770.5 | 215.9 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
2 Mar 21 | John H Marlow | Class A Common Stock | Sell | Dispose S | Yes | Yes | 377.39 | 300 | 113.22K | 0 |
2 Mar 21 | John H Marlow | Class A Common Stock | Sell | Dispose S | Yes | Yes | 375.93 | 102 | 38.34K | 300 |
2 Mar 21 | John H Marlow | Class A Common Stock | Sell | Dispose S | Yes | Yes | 375.22 | 1,399 | 524.93K | 402 |
2 Mar 21 | John H Marlow | Class A Common Stock | Sell | Dispose S | Yes | Yes | 374.15 | 899 | 336.36K | 1,801 |
2 Mar 21 | John H Marlow | Class A Common Stock | Sell | Dispose S | Yes | Yes | 371.99 | 279 | 103.79K | 2,700 |
2 Mar 21 | John H Marlow | Class A Common Stock | Sell | Dispose S | Yes | Yes | 371.31 | 1,821 | 676.16K | 2,979 |
2 Mar 21 | John H Marlow | Class A Common Stock | Conversion | Aquire C | Yes | No | 0 | 4,800 | 0 | 4,800 |
2 Mar 21 | John H Marlow | Class A Common Stock | Sell | Dispose S | Yes | Yes | 380.19 | 300 | 114.06K | 0 |
2 Mar 21 | John H Marlow | Class A Common Stock | Sell | Dispose S | Yes | Yes | 378.51 | 100 | 37.85K | 300 |
2 Mar 21 | John H Marlow | Class A Common Stock | Sell | Dispose S | Yes | Yes | 377.52 | 790 | 298.24K | 400 |
Institutional ownership Q4 2020
13F holders |
Current |
---|---|
Total holders | 539 |
Opened positions | 110 |
Closed positions | 62 |
Increased positions | 191 |
Reduced positions | 176 |
13F shares |
Current |
---|---|
Total value | 31.45B |
Total shares | 82.99M |
Total puts | 1.4M |
Total calls | 1.17M |
Total put/call ratio | 1.2 |
Largest owners |
Shares | Value |
---|---|---|
Capital World Investors | 10.98M | $4.16B |
Vanguard | 6.95M | $2.63B |
BLK Blackrock | 6.63M | $2.51B |
Vladimir Shmunis | 5.56M | $2.11B |
Jennison Associates | 4.1M | $1.55B |
Alkeon Capital Management | 3.5M | $1.33B |
Tiger Global Management | 3.33M | $1.26B |
Capital International Investors | 2.25M | $853.02M |
IVZ Invesco | 2.16M | $817.27M |
Wellington Management | 1.71M | $646.67M |
Financial report summary
?Competition
Nec • SPRINT • Apple • Verizon Communications • Microsoft • Vodafone • Cisco Systems • magicJack VocalTec • 8X8 • CrexendoRisks
- We have incurred significant losses and negative cash flows in the past and anticipate continuing to incur losses for at least the foreseeable future, and we may therefore not be able to achieve or sustain profitability in the future.
- Our quarterly and annual results of operations have fluctuated in the past and may continue to do so in the future. As a result, we may fail to meet or to exceed the expectations of research analysts or investors, which could cause our stock price to fluctuate.
- The global COVID-19 pandemic could harm our business, financial condition and results of operations.
- Our rapid growth and the quickly changing markets in which we operate make it difficult to evaluate our current business and future prospects, which may increase the risk of investing in our stock.
- Growth may place significant demands on our management and our infrastructure.
- Our future operating results will rely in part upon the successful execution of our strategic partnerships with Avaya, Atos/Unify, Alcatel-Lucent Enterprise, Vodafone and others, which may not be successful.
- We face intense competition in our markets and may lack sufficient financial or other resources to compete successfully.
- We rely and may in the future rely significantly on our strategic partners, resellers, and carriers to sell our subscriptions; our failure to effectively develop, manage, and maintain our indirect sales channels could materially and adversely affect our revenues.
- To deliver our subscriptions, we rely on third parties for our network connectivity and for certain of the features in our subscriptions.
- We rely on third-party software that may be difficult to replace or which could cause errors or failures of our subscriptions.
- Interruptions or delays in service from our third-party data center hosting facilities and co-location facilities could impair the delivery of our subscriptions, require us to issue credits or pay penalties and harm our business.
- Failures in Internet infrastructure or interference with broadband access could cause current or potential users to believe that our systems are unreliable, possibly leading our customers to switch to our competitors or to avoid using our subscriptions.
- Interruptions in our services caused by undetected errors, failures, or bugs in our subscriptions could harm our reputation, result in significant costs to us, and impair our ability to sell our subscriptions.
- We rely on third parties, including third parties outside the U.S., for some of our software development, quality assurance, operations, and customer support.
- A cyber-attack, information security breach or denial of service event could delay or interrupt service to our customers, harm our reputation, or subject us to significant liability.
- Potential problems with our information systems could interfere with our business and operations.
- We depend largely on the continued services of our senior management and other highly-skilled employees, and if we are unable to hire, retain, manage and motivate our employees, we may not be able to grow effectively and our business, results of operations and financial condition could be adversely affected.
- Increased customer turnover, or costs we incur to retain and upsell our customers, could materially and adversely affect our financial performance.
- If we are unable to attract new customers to our subscriptions or upsell to those customers on a cost-effective basis, our business will be materially and adversely affected.
- A significant portion of our revenues today come from small and medium-sized businesses, which may have fewer financial resources to weather an economic downturn.
- We face significant risks in our strategy to target medium-sized and larger businesses for sales of our subscriptions and, if we do not manage these efforts effectively, our business and results of operations could be materially and adversely affected.
- Support for smartphones and tablets are an integral part of our solutions. If we are unable to develop robust mobile applications that operate on mobile platforms that our customers use, our business and results of operations could be materially and adversely affected.
- If we are unable to develop, license, or acquire new services or applications on a timely and cost-effective basis, our business, financial condition, and results of operations may be materially and adversely affected.
- If we fail to continue to develop our brand or our reputation is harmed, our business may suffer.
- If we experience excessive fraudulent activity or cannot meet evolving credit card association merchant standards, we could incur substantial costs and lose the right to accept credit cards for payment, which could cause our customer base to decline significantly.
- We are in the process of expanding our international operations, which exposes us to significant risks.
- We may expand through acquisitions of, investments in, or strategic partnerships or other strategic transactions with other companies, each of which may divert our management’s attention, result in additional dilution to our stockholders, increase expenses, disrupt our operations, and harm our results of operations.
- We may be subject to liabilities on past sales for taxes, surcharges, and fees and our operating results may be harmed if we are required to collect such amounts in jurisdictions where we have not historically done so.
- We may be unable to use some or all of our net operating loss carryforwards, which could materially and adversely affect our reported financial condition and results of operations.
- If we are unable to effectively process local number and toll-free number portability provisioning in a timely manner, our growth may be negatively affected.
- Our business could suffer if we cannot obtain or retain direct inward dialing numbers or are prohibited from obtaining local or toll-free numbers or if we are limited to distributing local or toll-free numbers to only certain customers.
- We may not be able to manage our inventory levels effectively, which may lead to inventory obsolescence that would force us to incur inventory write-downs.
- We currently depend on three phone device suppliers and two fulfillment agents to configure and deliver the phones that we sell and any delay or interruption in manufacturing, configuring and delivering by these third parties would result in delayed or reduced shipments to our customers and may harm our business.
- If our vendor-supplied phones are not able to interoperate effectively with our own back-end servers and systems, our customers may not be able to use our subscriptions, which could harm our business, financial condition and results of operations.
- We may require additional capital to pursue our business objectives and to respond to business opportunities, challenges or unforeseen circumstances. If capital is not available to us, our business, results of operations, and financial condition may be adversely affected.
- Our subscriptions are subject to regulation, and future legislative or regulatory actions could adversely affect our business and expose us to liability in the U.S. and internationally.
- We process, store, and use personal information and other data, which subjects us and our customers to a variety of evolving international statutes, governmental regulation, industry standards and self-regulatory schemes, contractual obligations, and other legal obligations related to privacy and data protection, which may increase our costs, decrease adoption and use of our solutions and subscriptions, and expose us to liability.
- Our emergency and E-911 calling services may expose us to significant liability.
- We rely on third parties to provide the majority of our customer service and support representatives and to fulfill various aspects of our E-911 service. If these third parties do not provide our customers with reliable, high-quality service, our reputation will be harmed, and we may lose customers.
- Accusations of infringement of third-party intellectual property rights could materially and adversely affect our business.
- Our limited ability to protect our intellectual property rights could materially and adversely affect our business.
- Our use of open source technology could impose limitations on our ability to commercialize our subscriptions.
- The market price of our Class A Common Stock is likely to be volatile and could decline.
- The dual class structure of our common stock as contained in our charter documents has the effect of concentrating voting control with a limited number of stockholders that held our stock prior to our initial public offering, including our founders and our executive officers, employees and directors and their affiliates, and venture capital investors, and limiting other stockholders’ ability to influence corporate matters.
- We have never paid cash dividends and do not anticipate paying any cash dividends on our common stock.
- We may not have the ability to raise the funds necessary to settle conversions of the Notes in cash or to repurchase the Notes upon a fundamental change or pay the principal amount of the Notes at maturity, and our future debt may contain limitations on our ability to pay cash upon conversion or repurchase of the Notes.
- The conditional conversion feature of each series of Notes, if triggered, may adversely affect our financial condition and operating results.
- The capped call transactions may affect the value of the Notes and our Class A Common Stock and we are subject to counterparty risk.
- Anti-takeover provisions in our restated certificate of incorporation and bylaws and under Delaware corporate law could make an acquisition of us more difficult, limit attempts by our stockholders to replace or remove our current management and limit the market price of our Class A Common Stock.
- Changes in effective tax rates, or adverse outcomes resulting from examination of our income or other tax returns, could adversely affect our results of operations and financial condition.
- Changes in U.S. and foreign tax laws could have a material adverse effect on our business, cash flow, results of operations or financial conditions.
- If our internal control over financial reporting is not effective, it may adversely affect investor confidence in our company.
- The nature of our business requires the application of complex revenue and expense recognition rules and the current legislative and regulatory environment affecting generally accepted accounting principles is uncertain. Significant changes in current principles could affect our financial statements going forward and changes in financial accounting standards or practices may cause adverse, unexpected financial reporting fluctuations and harm our operating results.
- Our corporate headquarters, one of our data centers and co-location facilities, our third-party customer service and support facilities, and a research and development facility are located near known earthquake fault zones, and the occurrence of an earthquake, tsunami, or other catastrophic disaster could damage our facilities or the facilities of our contractors, which could cause us to curtail our operations.
- If research analysts do not publish research or reports about our business, or if they issue unfavorable commentary or downgrade our Class A Common Stock, our stock price and trading volume may decline.
Content analysis
?
Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Good
|
New words:
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Financial reports
10-K
2020 FY
Annual report
25 Feb 21
10-Q
2020 Q3
Quarterly report
9 Nov 20
10-Q
2020 Q2
Quarterly report
10 Aug 20
10-Q
2020 Q1
Quarterly report
11 May 20
10-K
2019 FY
Annual report
26 Feb 20
10-Q
2019 Q3
Quarterly report
12 Nov 19
10-Q
2019 Q2
Quarterly report
8 Aug 19
10-Q
2019 Q1
Quarterly report
9 May 19
10-K
2018 FY
Annual report
26 Feb 19
10-Q
2018 Q3
Quarterly report
8 Nov 18
Current reports
8-K
Departure of Directors or Certain Officers
5 Mar 21
8-K
RingCentral Announces Fourth Quarter 2020 Results
15 Feb 21
8-K
RingCentral Announces Third Quarter 2020 Results
9 Nov 20
8-K
RingCentral, Inc. Announces $600 Million Convertible Senior Notes Offering
16 Sep 20
8-K
RingCentral Announces Second Quarter 2020 Results
3 Aug 20
8-K
Submission of Matters to a Vote of Security Holders
9 Jun 20
8-K
RingCentral Announces First Quarter 2020 Results
6 May 20
8-K
RingCentral, Inc. Announces $1.0 Billion Convertible Senior Notes Offering
4 Mar 20
8-K
RingCentral Announces Fourth Quarter 2019 Results
10 Feb 20
8-K
Anand Eswaran, former Microsoft Corporate Vice President for Global Enterprise Business, joins RingCentral as President and Chief Operating Officer
16 Jan 20
Registration and prospectus
S-8
Registration of securities for employees
25 Feb 21
S-8
Registration of securities for employees
26 Feb 20
424B3
Prospectus supplement
13 Nov 19
424B3
Prospectus supplement
12 Nov 19
S-3ASR
Automatic shelf registration
12 Nov 19
S-8
Registration of securities for employees
27 Feb 19
S-8
Registration of securities for employees
25 Feb 18
S-8
Registration of securities for employees
27 Feb 17
S-8
Registration of securities for employees
28 Feb 16
S-8
Registration of securities for employees
26 Feb 15
Proxies
DEF 14A
Definitive proxy
27 Apr 20
DEFA14A
Additional proxy soliciting materials
8 May 19
DEF 14A
Definitive proxy
11 Apr 19
DEF 14A
Definitive proxy
22 Apr 18
DEF 14A
Definitive proxy
27 Apr 17
DEF 14A
Definitive proxy
10 Apr 16
DEF 14A
Definitive proxy
28 Apr 15
PRE 14A
Preliminary proxy
14 Apr 15
DEF 14A
Definitive proxy
8 Apr 14
Other
UPLOAD
Letter from SEC
15 Aug 18
CORRESP
Correspondence with SEC
6 Aug 18
UPLOAD
Letter from SEC
2 Aug 18
UPLOAD
Letter from SEC
18 Sep 16
CORRESP
Correspondence with SEC
28 Jun 16
UPLOAD
Letter from SEC
16 Jun 16
UPLOAD
Letter from SEC
16 Sep 14
CORRESP
Correspondence with SEC
8 Sep 14
UPLOAD
Letter from SEC
28 Aug 14
EFFECT
Notice of effectiveness
4 Mar 14
Ownership
4
RingCentral / John H Marlow ownership change
4 Mar 21
4
RingCentral / Anand Eswaran ownership change
26 Feb 21
4
RingCentral / Arne Duncan ownership change
26 Feb 21
4
RingCentral / Vaibhav Agarwal ownership change
23 Feb 21
4
RingCentral / Mitesh Dhruv ownership change
23 Feb 21
4
RingCentral / Anand Eswaran ownership change
23 Feb 21
3
RingCentral / Arne Duncan ownership change
22 Feb 21
4
RingCentral / Praful Shah ownership change
18 Feb 21
4
RingCentral / Vaibhav Agarwal ownership change
18 Feb 21
4
RingCentral / Mitesh Dhruv ownership change
18 Feb 21
Patents
GRANT
Utility
Method and system for managing electronic message threads
9 Feb 21
An electronic message thread management system is disclosed.
APP
Utility
Systems and Methods for Conferencing
6 Jan 21
Systems and methods are provided for establishing a video conference session.
APP
Utility
Method and System for Negotiation of Media Between Communication Devices for Multiplexing Multiple Media Types
6 Jan 21
A method of negotiation of media between a source communication device and a destination communication device for multiplexing multiple media types on an IP transport address comprises the source communication device generating an offer message comprising an extension to the ICE protocol according to RFC 5245 to specify the IP transport address whereon the multiple media types can be multiplexed, wherein the offer message comprising the extension indicates support for both the multiplexing and a non-multiplexing of the multiple media types, and sending the offer message from the source communication device to the destination communication device.
APP
Utility
Method, Device, and System for Audio Data Processing
30 Dec 20
A method and apparatus that filters audio data received from a speaking person that includes a specific filter for that speaker.
APP
Utility
Telecommunication Arrangement and Procedures to Establish a RTC Connection Between a First and Second Endpoint
30 Dec 20
A telecommunication system and a method for generating a real time connection between a first endpoint and a second endpoint in an IP network using an ICE STUN connectivity check follow a procedure that includes the steps of generating a list of possible connection paths between the first endpoint and the second endpoint, establishing a respective priority for each possible connection path included in the list, and generating the real time connection between the first endpoint and the second endpoint.
Transcripts
2020 Q4
Earnings call transcript
17 Feb 21
2020 Q3
Earnings call transcript
9 Nov 20
2020 Q2
Earnings call transcript
3 Aug 20
2020 Q1
Earnings call transcript
6 May 20
2019 Q4
Earnings call transcript
10 Feb 20
2019 Q3
Earnings call transcript
5 Nov 19
2019 Q2
Earnings call transcript
29 Jul 19
2019 Q1
Earnings call transcript
6 May 19
2018 Q4
Earnings call transcript
12 Feb 19
2018 Q3
Earnings call transcript
5 Nov 18
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