RingCentral | RNG | Long at $35.17RingCentral NYSE:RNG analysis:
The Good:
Revenues grew every from 2017 (~$500 million) to Q3 of 2024 ($2.3 billion) and recently adjusted to a "beat" for 2024 as a whole.
Gross profit in Q3 of 2024 was $1.6 billion and has increased every year since 2019
Price-to-sales: 1.3x (industry a
−0.000 BRL
−314.23 M BRL
12.94 B BRL
About RingCentral, Inc.
Sector
Industry
CEO
Vladimir G. Shmunis
Website
Headquarters
Belmont
Founded
1999
ISIN
BRR2NGBDR002
FIGI
BBG014XLNWG4
RingCentral, Inc. engages in the provision of global enterprise cloud communications and collaboration solutions. The firm's solutions provide a single user identity across multiple locations and devices, including smartphones, tablets, PCs and desk phones, and allows 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.
RingCentral Broke out, Target price $100RingCentral has broken out of its two-year consolidation phase, supported by a historically low multiple and steady growth in revenue and profit. I’m holding a substantial position in my portfolio, as the breakout's strength will be confirmed (or challenged) by next week’s earnings report. That said
One Good Trade Weekly ReviewOne trade entered. The second did not. WES while looking a bit weak, on Friday is still a long entry. I did reduce risk on the position. Any price below the strong bullish bar on will be extremely bearish. I did leave a little room below that bar in case buyers step in to defend.
Context and Learning To Change With ChangeOne of the hardest things for traders, or anyone for that matter, is to adapt to change. Mostly we get stuck when things change, which makes trading difficult since the very nature of markets is change. This is where the cliché 'going with the flow' originates, but simply understanding the cliché is
Ring Falling Wedge, 200ma BeatRing has formed a falling wedge(FW) pattern as price trends above the 200ma for the first time since early 2021. Falling wedges tend to be bullish patterns as price tends to break up and out of them which price is attempting to do on this move up this morning. Having 200ma support for the first ti
Ringcentral (NYSE: $RNG) Looking Cheap @ Current Price Levels!🔔RingCentral, Inc. provides software-as-a-service solutions that enable businesses to communicate, collaborate, and connect in North America. The company offers business cloud communications and contact center solutions based on its Message Video Phone? platform. Its products include RingCentral Offi
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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