Trade-Ideas LLC identified

RingCentral

(

RNG

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified RingCentral as such a stock due to the following factors:

  • RNG has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $11.9 million.
  • RNG has traded 59,164 shares today.
  • RNG is trading at a new lifetime high.

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More details on RNG:

RingCentral, Inc. provides software-as-a-service solutions for business communications primarily in the United States. Currently there are 9 analysts that rate RingCentral a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for RingCentral has been 696,500 shares per day over the past 30 days. RingCentral has a market cap of $1.3 billion and is part of the technology sector and computer software & services industry. Shares are up 53.5% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates RingCentral as a

sell

. Among the areas we feel are negative, one of the most important has been weak operating cash flow.

Highlights from the ratings report include:

  • Net operating cash flow has significantly decreased to $1.83 million or 52.89% when compared to the same quarter last year. In addition, when comparing the cash generation rate to the industry average, the firm's growth is significantly lower.
  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Software industry and the overall market, RINGCENTRAL INC's return on equity significantly trails that of both the industry average and the S&P 500.
  • RINGCENTRAL INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, RINGCENTRAL INC reported poor results of -$0.73 versus -$0.37 in the prior year. This year, the market expects an improvement in earnings (-$0.13 versus -$0.73).
  • The gross profit margin for RINGCENTRAL INC is currently very high, coming in at 75.35%. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of -8.25% is in-line with the industry average.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Software industry. The net income increased by 47.1% when compared to the same quarter one year prior, rising from -$11.99 million to -$6.34 million.

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