Cluenex
Log inStart free
All stocks · Technology · Technology

RingCentral RNG

RingCentral scores weak on business quality (4.4 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$79.27Oct 10, 2026
Business qualityWeak
Next earningsOct 22, 2026, after the close
Insiders, 90 daysQuiet

Why it matters

  1. What RingCentral does

    RingCentral sells cloud-based business communications software, charging enterprises monthly subscriptions for unified voice, video, and contact center tools. The company is using share buybacks, repurchasing $412M of stock, to offset slowing top-line expansion while defending its core market.

  2. What it does best

    RingCentral maintains a high gross margin of 71.8% by integrating enterprise communication stacks deeply into customer workflows. This creates heavy switching costs that compare favorably to peer APPF at 63.5% gross margin.

  3. The main risk

    Interest coverage at 3.2x leaves the company exposed to debt servicing pressures if operating income slips from its current $7.66 operating margin.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityWeak

Operating margin stands at 7.7% while FCF margin hits 56%. This spread shows high cash conversion efficiency despite modest operating margins.

MoatFair

Enterprise stickiness forms its moat, ranking in the 66th percentile for gross margin in its sector. High deployment friction prevents quick rival migration.

GrowthSlow

Revenue grew 4.8% to $2.6B, marking a deceleration compared to historical annual increases and reflecting a slowing expansion pace.

Financial healthFair

With total debt of $1.3B against cash of $133M, the balance sheet carries net debt of $1.1B. Free cash flow reached $577M, pointing to steady cash generation overall.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

No open market buys or unplanned sales by executives or directors.

Our sealed record on RNG

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is RNG a good business?

RingCentral scores weak on the Cluenex quality check (4.4 of 10), measured against its own industry. Profitability is weak, moat fair, growth slow and financial health fair.

Are insiders buying RNG?

In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.

When does RNG report earnings?

Oct 22, 2026, after the close.

For members

See RNG today

  • Today's verdict on RNG, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
Open in Cluenex Free to start. First month of Core free.

Cite this page: Cluenex, “RingCentral (RNG)”, https://cluenex.com/stocks/rng/, data as of Oct 10, 2026.