RingCentral에 대한 매도 수량은 투자자에게 RingCentral의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

RingCentral (NYSE:RNG) 주식, 공매도 수량 보고

RingCentral

RingCentral is a unified communications as a service, or UCaaS, provider. Its software helps users communicate and collaborate via voice, video, and messaging across all device types and all from one platform. RingCentral helps customers modernize and move from legacy on-premises systems to modern, cloud-based systems. Beyond its core RingCentral MVP solution, RingCentral also offers a cloud-based contact center solution, a stand-alone video meetings solution, and webinars.

RingCentral Inc

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Shares of companies within the broader technology sector are trading lower amid overall market weakness following recent economic data and a rise in yields. Also, the sector may be falling in response to a recent pullback in NVIDIA as investors evaluate CES announcements.

Wells Fargo analyst Michael Turrin downgrades RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) from Equal-Weight to Underweight and lowers the price target from $38 to $30.

News

Downgrades

Price Target

Analyst Ratings

Wells Fargo Downgrades RingCentral to Underweight, Lowers Price Target to $30

Top Wall Street analysts initiated coverage on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>William Blair analyst Andy Hsieh initiated coverage on Elevation Oncology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELEV#NASDAQ">ELEV</a>) with an Outperform rating. Elevation Oncology shares closed at $0.5951 on Thursday. <a href="https://www.benzinga.com/quote/ELEV/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>William Blair analyst Sarah Schram initiated coverage on Denali Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DNLI#NASDAQ">DNLI</a>) with an Outperform rating. Denali Therapeutics shares closed at $20.84 on Thursday. <a href="https://www.benzinga.com/quote/DNLI/analyst-ratings">See how other analysts view this stock</a>.</li>
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Considering buying DNLI stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="617" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03115137/image-2-8-1024x617.png" alt="" class="wp-image-717497" style="width:566px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03115137/image-2-8-1024x617.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03115137/image-2-8-300x181.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03115137/image-2-8-768x463.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03115137/image-2-8.png 1103w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Initiation

Markets

Trading Ideas

DNLI

ELEV

VIST

This Denali Therapeutics Analyst Begins Coverage On A Bullish Note; Here Are Top Initiations For Friday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Jefferies analyst Cassandra Lee downgraded the rating for Red Rock Resorts, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRR#NASDAQ">RRR</a>) from Buy to Hold and lowered the price target from $64 to $51. Red Rock Resorts shares closed at $44.72 on Thursday. <a href="https://www.benzinga.com/quote/RRR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan analyst Pablo Singzon downgraded TWFG, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWFG#NASDAQ">TWFG</a>) from Overweight to Neutral but raised the price target from $30 to $33. TWFG shares closed at $30.00 on Thursday.<a href="https://www.benzinga.com/quote/TWFG/analyst-ratings"> See how other analysts view this stock</a>.</li>
<li>UBS analyst Gregg Orrill downgraded the rating for Portland General Electric Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) from Buy to Neutral and lowered the price target from $52 to $47. Portland Gen Electric shares closed at $43.21 on Thursday. <a href="https://www.benzinga.com/quote/POR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Raymond James analyst Brian Peterson downgraded the rating for RingCentral, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) from Strong Buy to Outperform and lowered the price target from $50 to $45. RingCentral shares closed at $34.83 on Thursday. <a href="https://www.benzinga.com/quote/RNG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>UBS analyst Tasso Vasconcellos downgraded Vistra Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIST#NYSE">VIST</a>) from Buy to Neutral but raised the price target from $60 to $64. Vista Energy shares closed at $149.66 on Thursday. <a href="https://www.benzinga.com/quote/VIST/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying POR stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="605" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03082339/image-16-1024x605.png" alt="" class="wp-image-717115" style="width:545px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03082339/image-16-1024x605.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03082339/image-16-300x177.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03082339/image-16-768x454.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/03082339/image-16.png 1136w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>

Pre-Market Outlook

TWFG

This Portland General Electric Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday

Raymond James analyst Brian Peterson downgrades RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) from Strong Buy to Outperform and lowers the price target from $50 to $45.

Raymond James Downgrades RingCentral to Outperform, Lowers Price Target to $45

Morgan Stanley analyst Meta Marshall maintains RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) with a Equal-Weight and raises the price target from $38 to $40.

Morgan Stanley Maintains Equal-Weight on RingCentral, Raises Price Target to $40

RingCentral shares are trading lower after Mizuho downgraded the stock from Outperform to Neutral and maintained its $42 price target.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Stifel analyst Dae Gon Ha downgraded the rating for Editas Medicine, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EDIT#NASDAQ">EDIT</a>) from Buy to Hold and lowered the price target from $11 to $3. Editas Medicine shares closed at $1.89 on Thursday. See how other analysts view this stock.</li>
<li>Mizuho analyst Siti Panigrahi downgraded the rating for RingCentral, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) from Outperform to Neutral and maintained the price target of $42. RingCentral shares closed at $41.35 on Thursday. <a href="https://www.benzinga.com/quote/RNG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan analyst Michael Rehaut downgraded Toll Brothers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) from Overweight to Neutral and lowered the price target from $166 to $150. Toll Brothers shares closed at $138.46 on Thursday. <a href="https://www.benzinga.com/quote/TOL/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird analyst Michael Halloran downgraded the rating for Nordson Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDSN#NASDAQ">NDSN</a>) from Outperform to Neutral and slashed the price target from $294 to $237. Nordson shares closed at $229.11 on Thursday. <a href="https://www.benzinga.com/quote/NDSN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays analyst Brandt Montour downgraded Viking Holdings Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIK#NYSE">VIK</a>) from Overweight to Equal-Weight and maintained the price target of $49. Viking Holdings shares closed at $46.18 on Thursday. <a href="https://www.benzinga.com/quote/VIK/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying TOL stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="586" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13100359/image-117-1024x586.png" alt="" class="wp-image-691577" style="width:656px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13100359/image-117-1024x586.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13100359/image-117-300x172.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13100359/image-117-768x439.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13100359/image-117.png 1131w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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EDIT

NDSN

This Toll Brothers Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday

Mizuho analyst Siti Panigrahi downgrades RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) from Outperform to Neutral and maintains the price target from $42 to $42.

Mizuho Downgrades RingCentral to Neutral, Maintains Price Target to $42

Goldman Sachs analyst Adam Hotchkiss downgraded E2open Parent Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETWO#NYSE">ETWO</a>) from Neutral to Sell and lowered the <a target="_blank" href="https://www.benzinga.com/quote/ETWO/analyst-ratings" rel="noreferrer noopener">price target from&nbsp;$3.5&nbsp;to&nbsp;$2.9</a>. The stock fell.
Despite year-to-date stock underperformance, Hotchkiss noted that the lack of visibility into an organic growth turnaround, execution risk as the company works to refine its organic sales engine further, and the company&#8217;s floating-rate leverage overhang will likely weigh on E2open Parent shares over the next 12 months.
As a business that has historically relied on acquired assets to support growth, E2open Parent&#8217;s elevated leverage in a high-interest rate environment is limiting the company&#8217;s ability to pay down debt to meet its leverage targets.
This cycle further limits the company&#8217;s ability to invest in growth initiatives (including acquisitions).
Also Read: <a target="_blank" href="https://www.benzinga.com/tech/24/12/42436800/stmicroelectronics-and-qualcomm-launch-new-iot-module-to-simplify-wireless-connectivity" rel="noreferrer noopener">STMicroelectronics and Qualcomm Launch New IoT Module to Simplify Wireless Connectivity</a>
In addition, with the company roughly doubling in size through acquired assets over the last 4 years, the amount of new ARR required to accelerate growth materially has subsequently doubled, driving an increased burden on cross-selling (particularly in an environment where new logo acquisition has slowed) to reaccelerate growth.
Absent further acquisitions and with further maturation of E2open Parent&#8217;s organic sales structure needed, Hotchkiss sought more clarity on the company&#8217;s ability to reaccelerate growth beyond low single digits over the near-to-medium term.
E2open Parent&#8217;s valuation is undemanding, but Hotchkiss noted that a rerating higher is unlikely absent an improvement in fundamentals, particularly given the multiple trough levels seen from peer-challenged growth software comps like Dropbox Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBX#NASDAQ">DBX</a>), RingCentral Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>), and SolarWinds Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWI#NYSE">SWI</a>).
While Hotchkiss agreed with management&#8217;s stated goals to pay down debt and focus on organic growth, he awaited evidence of progress toward these goals in a time of slowing organic growth relative to peers before considering turning more positive on E2open Parent stock.
With four consecutive quarters of declines in subscription revenue growth and lowered fiscal 2025 guidance, Hotchkiss noted it is prudent to be incrementally cautious around shares of E2open Parent despite the company trading near trough levels.
E2open Parents rapid conglomeration of assets and associated teams over the years has significantly increased the level of net new ARR needed to match historical growth levels on an organic basis, and meeting these levels of net new ARR at a time when larger transformation projects are increasingly being deferred (creating pressure on new logo growth) will likely remain a challenge for the company over at least the next 12-months.
Hotchkiss projected third-quarter revenue of $151.7 million and adjusted EPS of $0.04.
Price Action: ETWO stock is down 3.51% at $3.02 at last check Wednesday.
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ETWO

E2open Faces Organic Growth Challenges, Debt Overhang: Goldman Sachs Downgrades Stock

ADBE

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Shares of stocks in the broader software sector are trading higher. Some names may be moving following better-than-expected earnings from Salesforce and Okta.

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WOLF

ZENA

Shares of semiconductor and software stocks are trading higher, with stocks broadly rising amid a drop in yields. President-elect Trump nominated Scott Bessent as Treasury Secretary.

Baird analyst William Power maintains RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) with a Neutral and raises the price target from $36 to $38.

Baird Maintains Neutral on RingCentral, Raises Price Target to $38

Needham analyst Ryan Koontz reiterates RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) with a Buy and maintains $42 price target.

Reiteration

Needham Reiterates Buy on RingCentral, Maintains $42 Price Target

Rosenblatt analyst Catharine Trebnick maintains RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) with a Buy and maintains $45 price target.

Rosenblatt Maintains Buy on RingCentral, Maintains $45 Price Target

RingCentral shares are trading lower following Q3 financial results.

Raymond James analyst Brian Peterson maintains RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) with a Strong Buy and lowers the price target from $52 to $50.

Raymond James Maintains Strong Buy on RingCentral, Lowers Price Target to $50

Wedbush analyst Taz Koujalgi maintains RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) with a Neutral and raises the price target from $36 to $41.

Wedbush Maintains Neutral on RingCentral, Raises Price Target to $41

Piper Sandler analyst James Fish maintains RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) with a Neutral and raises the price target from $31 to $38.

Piper Sandler Maintains Neutral on RingCentral, Raises Price Target to $38

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.ringcentral.com%2F&amp;esheet=54149025&amp;newsitemid=20241107126443&amp;lan=en-US&amp;anchor=RingCentral%2C+Inc.+%28NYSE%3A+RNG%29&amp;index=1&amp;md5=c2845406a58e8205490c85feb96a44fc">RingCentral, Inc. (NYSE:</a><a href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>), a global leader in AI-powered trusted business communications for companies of all sizes, and <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.verint.com%2F&amp;esheet=54149025&amp;newsitemid=20241107126443&amp;lan=en-US&amp;anchor=Verint%26%23174%3B+%28NASDAQ%3A+VRNT%29&amp;index=2&amp;md5=ff2052d631e7be32c2f061531c2594a7">Verint&#xAE; (NASDAQ:</a><a href="https://www.benzinga.com/stock/VRNT#NASDAQ">VRNT</a>), a leader in CX automation, today announced a strategic partnership to provide <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.ringcentral.com%2Fringcx.html&amp;esheet=54149025&amp;newsitemid=20241107126443&amp;lan=en-US&amp;anchor=RingCX&amp;index=3&amp;md5=9b55f66ae5a500a88ea806afa45513bd">RingCX</a>&#x2122; customers access to best-in-class workforce engagement management (WEM) and CX automation. Through this partnership, RingCX customers will have more choice and be able to leverage Verint's leading WEM and CX automation solutions, which complement RingCentral's native AI capabilities, to enhance employee productivity and improve customer experiences, ultimately driving competitive advantage and operational efficiency.

VRNT

RingCentral And Verint Announce Strategic Partnership To Bring AI-Powered Workforce Engagement Management And CX Automation To RingCX Customers

SolarWinds (SWI) beat analysts' estimates on the top and bottom lines in the third quarter of 2024. The introduction of innovative product offerings, strategic initiatives, and robust financial performance support the company's continued growth. So, let's determine whether SolarWinds Corporation is an ideal addition to your portfolio. Read more to find out... SolarWinds Corporation (<a href="https://stocknews.com/stock/SWI/">SWI</a>), a leading provider of simple, powerful, secure observability and IT management software, reported solid third-quarter financial results for fiscal 2024. The company reported a record quarterly revenue of $200.03 million, surpassing analysts' estimate of $194.03 million. Also, its EPS of $0.27 exceeded the analysts' expectation of $0.25.
In the business software segment, SWI continues to maintain its competitive edge with innovative solutions, targeting specific customer requirements and spreading awareness of current market dynamics. The company's strong financial standing further reflects improvement in its underlying business.
During the third quarter, SolarWinds received global recognition for its powerful IT management solutions and industry excellence, including The Globee&#xAE; Cybersecurity Awards, the 2024 BIG Innovation Awards, CRN's 2024 Channel Chiefs, and multiple Stevie&#xAE; Awards for innovation. Also, it was named a leader in the 2024 GigaOm Radar Reports for Network and Cloud Observability.
Further, recently, SWI expanded its capabilities across its SolarWinds Observability Self-Hosted and SolarWinds Observability SaaS offerings. It includes expanded cloud monitoring capabilities, new AI and AIOps-driven capabilities, and network device support. The innovation could further expand the company's operations and profitability.
Besides, business needs are changing at a rapid pace. Organizations are increasingly adopting digitalization, encouraging technological advancements in the cloud, and moving to integrate multichannel touchpoints into a single platform, which is driving the business software market.
The business software market is estimated at $720 billion in 2025 and is projected to reach $1.23 trillion by 2030 at a <a href="https://www.mordorintelligence.com/industry-reports/global-business-software-market">CAGR of 11.2%</a>. SolarWinds, operating at the frontline of the segment, stands to capitalize on the industry's propelling trends.
SWI is growing its operations and size through useful products and solutions, as reflected in its financial results and stock performance. Shares of SWI surged 19.3% over the past six months and 20.8% over the past year to close its last trading session at $14.18.
Let's look at factors that could influence SWI's performance in the upcoming months.
Positive Recent Developments
On October 2, SWI launched the next generation of SolarWinds&#xAE; Observability, available in self-hosted or SaaS options. Through the introduction, the company expanded its network, infrastructure, and cloud observability capabilities, providing customers with better value and uncompromising flexibility in deployment.
SWI's enhancements offer broader on-premises infrastructure monitoring, expanded cloud infrastructure observability, and enhanced artificial intelligence and machine learning (AI/ML) capabilities.
Robust Financials
SWI's total revenue increased 5.5% year-over-year to $200.03 million during the third quarter that ended September 30, 2024. Its non-GAAP gross profit grew 5.1% from the year-ago value to $180.96 million. The company's non-GAAP operating income of $88.71 million indicates growth of 9.3% from the prior year's quarter.
In addition, the company's non-GAAP net income and EPS came in at $46.86 million and $0.27, reflecting increases of 23.3% and 17.4% year-over-year, respectively. Its <a href="https://www.investopedia.com/terms/a/adjusted-ebitda.asp">adjusted EBITDA</a> was $96.04 million in the quarter, up 12.9% over the prior year's quarter.
Also, the company's cash and cash equivalents and total assets stood at $193.02 million and $3.12 billion as of September 30, 2024.
Favorable Analyst Estimates
Analysts expect SWI's revenue for the fourth quarter (ended December 2024) to increase 2.4% year-over-year to $202.91 million. The consensus EPS estimate of $0.27 for the same quarter indicates a 13.5% year-over-year improvement. Moreover, SWI has an impressive earnings surprise history, having topped consensus revenue and EPS estimates in each of the trailing four quarters.
For the fiscal year that ended December 2024, the company's revenue is expected to grow 4% year-over-year to $789.41 million. Its EPS is projected to increase 24% year-over-year to $1.09 for the same year.
Low Valuation
In terms of forward non-GAAP P/E, SWI is currently trading at 13x, 49.5% lower than the industry average of 25.74x. Likewise, the stock's forward EV/EBITDA and Price/Sales of 9.22x and 3.06x are considerably lower than the industry average of 15.68x and 3.35x, respectively.
Additionally, the stock's forward Price/Book and Price/Cash Flow of 1.74x and 10.74x are 60.3% and 49.5% lower than the industry averages of 4.38x and 21.29x, respectively.
High Profitability
SWI's trailing-12-month EBIT margin of 26.31% is 389.9% higher than the industry average of 5.37%. Its trailing-12-month net income margin of 4.93% is 29.2% higher than the industry average of 3.81%. Similarly, its trailing-12-month ROTC of 4.88% is 56.1% higher than the industry average of 3.13%.
Furthermore, the stock's trailing-12-month levered FCF margin and gross profit margin of 28.33% and 90.43% favorably compared to the industry averages of 11.31% and 50.74%, respectively.
POWR Ratings Reflect Promise
SWI's solid fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of A, translating to a Strong Buy in our proprietary system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. SWI has a B grade for Value and Sentiment, which is in sync with its low valuation and promising analysts' estimates.
In addition, the stock has earned a B grade for Stability, justified by its 5-year beta of 0.95.
Notably, SWI has topped among the 40-stock B-rated <a href="https://stocknews.com/category/software-business/">Software - Business</a> industry.
Beyond what we have stated above, we have also given SWI grades for Growth, Momentum, and Quality. Get access to all the SWI Ratings <a href="https://stocknews.com/stock/SWI/">here</a>.
Bottom Line
SWI reported better-than-expected earnings for the third quarter of fiscal 2024. The company's dominant industry position, strategic initiatives, and solid financial performance position it for robust long-term prospects. The company is making strong strides to outshine its industry peers and widen its market scope.
Given SWI's solid financials, accelerating profitability, and promising growth outlook, this stock could be an ideal buy now.
How Does SolarWinds Corporation (SWI) Stack Up Against Its Peers?
While SWI has an overall POWR Rating of A, investors could also check out these other stocks within the B-rated <a href="https://stocknews.com/category/software-business/">Software - Business</a> industry with A (Strong Buy) or B (Buy) ratings: FARO Technologies, Inc. (<a href="https://stocknews.com/stock/FARO/">FARO</a>), RingCentral Inc. Cl A (<a href="https://stocknews.com/stock/RNG/">RNG</a>), and VMware Inc. (<a href="https://stocknews.com/stock/VMW/">VMW</a>).
For exploring more A and B-rated software stocks, <a href="https://stocknews.com/category/software-business/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
SWI shares were trading at $14.09 per share on Tuesday afternoon, down $0.09 (-0.63%). Year-to-date, SWI has declined -1.12%, versus a 0.83% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/swi-faro-rng-vmw-is-solarwinds-a-resilient-it-management-stock-to-buy-now/>Is SolarWinds a Resilient IT Management Stock to Buy Now?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Is SolarWinds a Resilient IT Management Stock to Buy Now?

RingCentral (RNG) shares have gained nearly 19% over the past six months, driven by expanding AI initiatives, strong demand for its cloud phone system, and a growing customer base. With its future tied to AI-driven solutions and an expanding portfolio, is now the right time to invest in RNG shares? Read on to find out… RingCentral, Inc. (<a href="https://stocknews.com/stock/RNG/">RNG</a>) is a leading provider of contact center software-as-a-service (SaaS) solutions, along with global enterprise cloud communications, video meetings, collaboration, and customer engagement solutions that enable businesses to communicate, collaborate, and connect.
RNG shares have gained 18.8% over the past six months, closing the last trading session at $33.57. The uptick is driven by several factors, including the increasing adoption of its Unified Communications as a Service (UCaaS) platform, strong demand for its cloud phone systems, and commitment to innovation through AI-powered enhancements.
The company has introduced solutions like RingCX, RingSense, and RingCentral Events, which are designed to improve user experiences and streamline operations. Moreover, its strategic partnerships with telecom giants like Verizon Communications Inc. (<a href="https://stocknews.com/stock/VZ/">VZ</a>) and AT&amp;T Inc. (<a href="https://stocknews.com/stock/T/">T</a>) provide greater accessibility and industry-specific solutions, bolstering its market presence.
Given RNG's expanding portfolio and growing customer base, is now the right time to invest in RNG shares? Let's look at some factors that could influence RNG's price performance in the near term:
Recent Developments
On December 5, 2024, RNG inaugurated its new state-of-the-art office in Bangalore, India. The expansion strengthens the company's regional presence and positions it to capitalize on India's growing role as a global tech innovation center, potentially boosting operational efficiency and scalability.
In the same month, RNG unveiled the Zendesk Talk Partner Edition for RingEX&#x2122;, an upgrade which integrates advanced voice capabilities and call data directly into Zendesk's customer support platform. This enhancement streamlines workflows and equips users with actionable insights to deliver personalized and efficient customer service.
On November 7, RNG joined forces with Verint Systems Inc. (<a href="https://stocknews.com/stock/VRNT/">VRNT</a>) to enhance RingCX offerings. This partnership allows RingCX customers to benefit from VRNT's advanced WEM and CX automation solutions, which complement RingCentral's native AI features.
Strong Financials
RNG's total revenue for the fiscal third quarter (ended September 30, 2024) increased 9.1% year-over-year to $608.77 million, largely driven by a 9.7% uptick in subscription revenue. Annualized Exit Monthly Recurring Subscriptions (ARR) increased 9% year-over-year to $2.48 billion.
Its gross profit grew 10.1% from the year-ago value to $428.58 million, while its income from operations came in at $3.29 million compared to a loss of $54.17 million in the previous year. The company's non-GAAP <a href="https://www.investopedia.com/terms/n/netincome.asp">net income</a> amounted to $88.93 million and $0.95 per share, representing an increase of 16.9% and 21.8%, respectively. Moreover, its non-GAAP free cash flow stood at $105.44 million, up 50.7% year-over-year.
Rosy Annual Forecasts
The consensus revenue estimate for the fiscal year ended December 31, 2024, stands at $2.40 billion, signaling an 8.9% year-over-year increase. Moreover, the company's EPS is anticipated to witness a 14.2% uptick from the previous year, reaching $3.69.
Analysts anticipate a 7.4% increase in revenue for the fiscal year 2025, with projections reaching $2.57 billion. Similarly, EPS for the current year is expected to experience a steady growth of 14.3% from the prior year, settling at $4.22.
Discounted Valuation
In terms of forward non-GAAP P/E, RNG is trading at 9.10x, 64.1% lower than the industry average of 25.34x. Likewise, its forward EV/Sales multiple of 1.92 is 42.8% lower than the industry average of 3.35x. In addition, the stock's forward EV/EBITDA of 7.76x is 50.4% lower than the 15.63x industry average. Also, its forward Price/Sales multiple of 1.26 compares to the industry average of 3.28.
High Profitability
RNG's trailing-12-month gross profit margin of 70.43% is 38.8% higher than the 50.75% industry average. The stock's 24.85% trailing-12-month levered FCF margin is 119.4% above the 11.33% industry average. Further, its trailing-12-month asset turnover ratio of 1.18x compares to the industry average of 0.61x.
POWR Ratings Show Promise
RNG's strong fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. It has an overall A rating, equating to a Strong Buy in our proprietary rating system. The POWR Ratings are calculated considering 118 distinct factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. RNG has an A grade for Growth, consistent with its strong financial performance in the last reported quarter. It also earns a B for Quality, reflecting its higher profitability metrics compared to industry standards.
RNG is ranked #5 out of 40 stocks in the B-rated <a href="https://stocknews.com/category/software-business/">Software - Business</a> industry. <a href="https://stocknews.com/stock/RNG/">Click here</a> to access RNG's Value, Momentum, Stability, and Sentiment ratings.
Bottom Line
RNG's strategic focus on AI-powered innovation and robust demand for its UCaaS and SaaS solutions have positioned the company as a leader in the communication solutions market. With a target to achieve $100 million in exit annual recurring revenue from new products by the end of 2025, RNG's progress shows promise. On top of it, the recent PAN-India license approval is a game-changer, enabling RNG to deliver fully compliant UCaaS and CCaaS solutions across all 22 telecommunications circles in India.
Given RNG's innovative growth strategies, strong financials, lower-than-industry valuation, and high profitability, we think it could be wise to invest in this stock now.
How Does RingCentral, Inc. (RNG) Stack Up Against Its Peers?
While RNG has an overall grade of A, equating to a Strong Buy rating, you may also check out these other stocks within the Software - Business industry: SolarWinds Corporation (<a href="https://stocknews.com/stock/SWI/">SWI</a>), F5, Inc. (<a href="https://stocknews.com/stock/FFIV/">FFIV</a>), and FARO Technologies, Inc. (<a href="https://stocknews.com/stock/FARO/">FARO</a>) all of which carry A (Strong Buy) ratings. To explore more Software - Business stocks, <a href="https://stocknews.com/category/software-business/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
RNG shares fell $0.57 (-1.70%) in premarket trading Friday. Year-to-date, RNG has declined -5.74%, versus a -0.48% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/rng-swi-ffiv-faro-vrnt-is-ringcentral-a-communication-solutions-stock-worth-investing-in/>Is RingCentral a Communication Solutions Stock Worth Investing In?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Is RingCentral a Communication Solutions Stock Worth Investing In?

Software Analyst Samana, along with Mike Miler,SVP & Executive IT Strategist at Bridgepointe Technologies, discuss leading Comms Software vendors F...

Jefferies software analyst holds an analyst/industry conference call

RNG: Expect Good Returns With Downside Protection

FARO

FFIV

FIVN

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Press Releases

RingCentral Receives PAN-India License to Deliver First Fully Compliant Global UCaaS and CCaaS Solutions to Multinational Organizations with Operations in India

Informatica Appoints Mitesh Dhruv to the Board of Directors

RingCentral to Announce Third Quarter 2024 Financial Results On November 7, 2024

RingCentral Named a Leader in the 2024 Gartner® Magic Quadrant™ for Unified Communications as a Service Report for Tenth Year in a Row

RingCentral's New AI Assistant Now Included in RingEX At No Additional Cost

RingCentral Announces Third Quarter 2024 Results

RingCentral and Verint Announce Strategic Partnership to Bring AI-Powered Workforce Engagement Management and CX Automation to RingCX Customers

RingCentral Appoints Abhey Lamba as Chief Financial Officer

RingCentral to Present at Upcoming Investor Conferences

RingCentral Enhances Zendesk Integration to Streamline User Workflows and Personalize Customer Support

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