RingCentral (NYSE:RNG) and KludeIn I Acquisition (NASDAQ:INKA) Head to Head Review

RingCentral (NYSE:RNGGet Rating) and KludeIn I Acquisition (NASDAQ:INKAGet Rating) are both computer and technology companies, but which is the better investment? We will compare the two businesses based on the strength of their profitability, analyst recommendations, valuation, institutional ownership, risk, earnings and dividends.

Institutional & Insider Ownership

86.3% of RingCentral shares are held by institutional investors. Comparatively, 65.2% of KludeIn I Acquisition shares are held by institutional investors. 7.4% of RingCentral shares are held by insiders. Comparatively, 20.0% of KludeIn I Acquisition shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Analyst Recommendations

This is a summary of recent ratings and recommmendations for RingCentral and KludeIn I Acquisition, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
RingCentral 0 6 16 1 2.78
KludeIn I Acquisition 0 0 0 0 N/A

RingCentral presently has a consensus target price of $89.74, suggesting a potential upside of 115.36%. Given RingCentral’s higher probable upside, analysts clearly believe RingCentral is more favorable than KludeIn I Acquisition.

Volatility & Risk

RingCentral has a beta of 0.89, suggesting that its share price is 11% less volatile than the S&P 500. Comparatively, KludeIn I Acquisition has a beta of 0.02, suggesting that its share price is 98% less volatile than the S&P 500.

Earnings & Valuation

This table compares RingCentral and KludeIn I Acquisition’s gross revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
RingCentral $1.59 billion 2.49 -$376.25 million ($7.53) -5.53
KludeIn I Acquisition N/A N/A -$410,000.00 N/A N/A

KludeIn I Acquisition has lower revenue, but higher earnings than RingCentral.

Profitability

This table compares RingCentral and KludeIn I Acquisition’s net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
RingCentral -37.31% -765.97% -8.07%
KludeIn I Acquisition N/A -50.67% 3.45%

Summary

RingCentral beats KludeIn I Acquisition on 6 of the 11 factors compared between the two stocks.

About RingCentral

(Get Rating)

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 Office that provides communication and collaboration across various modes, including high-definition voice, video, SMS, messaging and collaboration, conferencing, online meetings, and fax; RingCentral Contact Center, a collaborative contact center solution that delivers omni-channel; and RingCentral Engage Digital, a digital customer engagement platform that allows enterprises to interact with their customers. The company's products also comprise RingCentral Engage Voice, a cloud-based outbound/blended customer engagement platform for midsize and enterprise companies; RingCentral Video, a video meeting service which includes our RCV video and team messaging capabilities and offers video and audio conferencing, file sharing, contact, task, and calendar management. In addition, it offers RingCentral Professional, a cloud based virtual telephone service that provides inbound call answering and management services for professionals; and RingCentral Fax that provides online fax capabilities. The company serves a range of industries, including financial services, education, healthcare, legal services, real estate, retail, technology, insurance, construction, hospitality, and state and local government, as well as others. It sells its products through a network of direct sales representatives, as well as sales agents, resellers, and channel partners. RingCentral, Inc. has strategic partnerships with Alcatel-Lucent Enterprise; and Vodafone Business. The company was incorporated in 1999 and is headquartered in Belmont, California.

About KludeIn I Acquisition

(Get Rating)

KludeIn I Acquisition Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more businesses. It intends to focus on completing a business combination with a software or technology-enabled business serving consumers or enterprises in the United States. The company was incorporated in 2020 and is based in Berkeley, California.

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