Cloud-based communication company RingCentral has been added to the list of “zombie” stocks compiled by equity research firm New Constructs.
RingCentral’s stock has fallen 80.9% in 2022, outpacing the S&P 500 index’s SPX, -0.75% decline of 24.3%.Since 2017, RingCentral has burned through $2.5 billion in Free Cash Flow excluding acquisitions, according to New Constructs. In its most recent 10-K filing, RingCentral acknowledged that some of the company’s carriers and strategic partners, such as AT&T Inc. T, -0.27%, TELUS Corp. TU, -1.45%, Verizon Communications Inc. VZ, -0.62%, and Avaya Holdings Corp. AVYA, -9.02%, sell or are expected to sell its solutions, but are also competitors for business communications.Other competitors include Microsoft Corp. MSFT, -2.13%, Cisco Systems Inc. CSCO, -0.94% and Zoom Video Communications Inc. ZM, -3.75%.
$goev has to be on there soon
At 30%+ yoy growth for the last 5 years? Are we talking about $RNG here
My firm used to use them, they were atrocious. Good riddance.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Nike Inc. (NKE) could be opening new store at Tempe Marketplace - Phoenix Business JournalThe city of Tempe has issued permits for commercial addition/alteration work at Tempe Marketplace in two separate suites that are next to one another. Signage also suggests the major sports apparel retailer is making plans to open.
Weiterlesen »
Ultimate CEO 2022: Suzanne Lemen of Dynamic Corporate Solutions Inc. - Jacksonville Business JournalFrom cleaning popcorn machines to taking out the trash, many of this year’s class of Ultimate CEOs started at the bottom, learning the value of hard work — and teamwork.
Weiterlesen »