RingCentral rose 2.7% during the afternoon session to $37.38 per share. As reported by Barrons: "Competition is intensifying in the market for cloud-based communications tools. MKM Partners analyst Catherine Trebnick thinks you should get out of the way. Trebnick on Monday cut her ratings on both Zoom Video Communications ( ticker: ZM ) and RingCentral ( RNG ) to Neutral from Buy." You can read more about it here. For those of you thinking about investing in the stock, here is a brief look at the company's fundamentals.
Here's an overview of RingCentral's recent cash flows and operating margins:
| Date Reported | Cash Flow from Operations ($ MM) | Capital expenditures ($ MM) | Free Cash Flow ($ MM) | YoY Growth (%) |
|---|---|---|---|---|
| 2021-12-31 | 152 | -385 | -233 | -62.94 |
| 2020-12-31 | -35 | -108 | -143 | -108.56 |
| 2019-12-31 | 65 | -133 | -69 | n/a |
| Date Reported | Revenue ($ MM) | Cost of Revenue ($ MM) | Gross Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2021-12-31 | 1,595 | 448 | 71.88 | -1.07 |
| 2020-12-31 | 1,184 | 324 | 72.66 | -2.35 |
| 2019-12-31 | 903 | 231 | 74.41 | n/a |
| Date Reported | Total Revenue ($ MM) | Operating Expenses ($ MM) | Operating Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2021-12-31 | 1,595 | 1,448 | -18.92 | -97.7 |
| 2020-12-31 | 1,184 | 973 | -9.57 | -89.13 |
| 2019-12-31 | 903 | 717 | -5.06 | n/a |
At today's price of $37.38 per share, RingCentral is -28.85% away from its target price of $52.54, and on average, analysts give the stock a rating of buy. 5.7% of the company's shares are linked to short positions, and 100.7% of the shares are owned by institutional investors.
