Reading RNG? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track RNG free→Reading RNG? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track RNG free→NYSEInformation TechnologySoftware - ApplicationSnapshot 2026-06-15
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
Recent financial performance is strong, and earnings quality is robust, cash backs up reported profits. Management's recent track record has been steady, but risk is elevated. The sector backdrop is a tailwind, and compared with sector peers, it is above typical. Peer multiples imply a price about 54% above where it trades (it looks cheap on this basis); the read is cheap, quality intact. This assessment is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 8 valuation methods, at three horizons. Current price $38.32. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $38 RNG trades at 10× p/e, below its 21× p/e peer median. Our $80 fair value sits above the price; low confidence. Analysts: $32–$55. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The price implies about 52% below a flat-multiple fair value, below our forecast of about 6%. This describes what's priced in, not a forecast of the move.
Only a turbulent sector regime (Heating) — not the full expensive x weak x turbulent stack.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Information Technology names rated strong grew net income 73% of the time over the next year (vs 58% for the rest of the cohort, n=2777).
Over the trailing year it converted 7.49x of net income into operating cash flow. Historically, Information Technology names rated robust grew net income 69% of the time over the next year (vs 55% for the rest of the cohort, n=2129).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, Fed net liquidity, long-term interest rates, real (inflation-adjusted) rates.
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $1.17 → $1.17 (+0.2% / 30d). 6 raised, 8 cut, 15 covering analysts.
0 upgrades, 0 downgrades / 30d. 38% of analysts rate Buy.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Met or beat guidance 50% of the last 2 guided quarters · -36.6% avg surprise
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$240.
How much price usually moves either way.
On a bad day, this stock has moved -$594.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $2,349.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
No material changes since the prior snapshot.
as of 2026-06-15
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: Better operating income means the company is controlling costs. This helps with long-term profits.
Confirms:Operating income margin goes up by more than 2% from Q1.
Disproves:Operating income margin goes down or stays the same from Q1.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for RNG yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
of this Current Report is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. On May 7, 2026, RingCentral, Inc. (the “Company”) iss…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
$32.00 – $55.00 (median $40.00) · 9 analysts · as of 2026-05-11
Looks cheaper than most peers in the same business.
Around its own typical valuation.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
A side-by-side read on sector standing, valuation, and risk versus Application Software.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
RNG RingCentral, Inc. | Above typical Show detailsSector percentile: 94 of 100 | inexpensive | elevated |
ORCL Oracle Corporation | Typical Show detailsSector percentile: 66 of 100 | expensive | elevated |
PLTR Palantir Technologies | Above typical Show detailsSector percentile: 82 of 100 | expensive | elevated |
SAP SAP SE | — | — | elevated |
APP AppLovin | Typical Show detailsSector percentile: 60 of 100 | expensive | elevated |
1 material management or governance event in the past 24 months, led by capital-allocation actions. Historically, Information Technology names rated stable grew net income 56% of the time over the next year (vs 62% for the rest of the cohort, n=797).
Not investment advice. As of 2026-06-15.
via XLK
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-15.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Focus on increasing revenue growth through strategic initiatives.
Enhance operating income through cost management and efficiency.
Focus on improving net income through strategic financial management.
Why it matters: This guidance will show if RingCentral can keep growing its subscription revenue. A strong forecast may boost investor confidence.
Confirms:Subscription revenue guidance for Q2 exceeds $633 million.
Disproves:Subscription revenue guidance for Q2 falls below $628 million.
Why it matters: This shows how well RingCentral's AI products are doing. Growth here can signal strong future demand.
Confirms:ARR from paid AI products exceeds 10% of total ARR.
Disproves:ARR from paid AI products falls below 10% of total ARR.
Why it matters: Operating margins show how well RingCentral controls costs. Strong margins can attract investors.
Confirms:GAAP operating margin for Q2 exceeds 7.6%.
Disproves:GAAP operating margin for Q2 falls below 6.6%.
Why it matters: Free cash flow is key for growth and shareholder returns. Strong guidance indicates healthy cash generation.
Confirms:Free cash flow guidance for the year exceeds $605 million.
Disproves:Free cash flow guidance for the year falls below $590 million.
Why it matters: Net income growth shows financial health. Surpassing $40M indicates strong performance.
Confirms:Net income reported above $40M in Q2.
Disproves:Net income reported below $40M in Q2.
Why it matters: Growth in net income shows good financial health. It helps investors feel confident about the future.
Confirms:Net income growth reported at or above 5% year over year.
Disproves:Net income growth reported below 0% year over year.
Why it matters: Meeting or exceeding this growth target shows the company is on track to increase revenue. It also reflects the health of the business in a decelerating sector.
Confirms:Q2 revenue growth reported at or above 10% year over year.
Disproves:Q2 revenue growth reported below 5% year over year.
Why it matters: A drop below median revenue growth in the sector may signal broader challenges. This could affect RingCentral's growth outlook.
Confirms:Sector revenue growth is below its median for two months in a row.
Disproves:Sector revenue growth remains above its median for two consecutive months.
of this Current Report is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liabilities of that Section. The information in this Current Report shall not be incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. On February 19, 2026, the Company issued a press rele…
Other Events. The Company’s Board of Directors approved the initiation of a cash dividend program and declared a quarterly cash dividend of $0.075 per share of outstanding capital stock that will be paid on on March 16, 2026 to stockholders of record as of the close of business on March 9, 2026. The Company intends to pay a cash dividend on a quarterly basis going forward, subject to market conditions and approval by the Company’s Board of Directors.