Valens Research – UAFRS vs As Reported Weekly Highlights – July 10, 2019

July 15, 2019

Each week, Valens focuses on several companies that were analyzed in the prior week, where material distortions caused by as-reported GAAP accounting need to be corrected to understand a company’s economic fundamentals.

Company Specific Highlights & Insights

RingCentral, Inc. (RNG)
Excess Cash Distortion

Cardtronics plc (CATM)
Stock Option Expense Distortion

Symantec Corporation (SYMC)
R&D Expense Distortion