RingCentral

RingCentral, Inc. engages in the provision of global enterprise cloud communications and collaboration solutions. The firm's solutions provide a single user identity across multiple locations and devices, including smartphones, tablets, PCs and desk phones, and allows for communication across multiple modes, including high-definition voice, video, SMS, messaging and collaboration, conferencing, online meetings and fax. It sells its products under the RingCentral Professional, RingCentral Glip, and RingCentral Fax brands. The company was founded by Vlad Vendrow and Vladimir Shmunis in 1999 and is headquartered in Belmont, CA.

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RingCentral achieves record revenue and partnerships, eyes efficiency in 2023

RingCentral's 2022 performance showcased strong financials, strategic partnerships, and advancements in AI technology. Challenges include prolonged sales cycles and the need for disciplined deal-making. Opportunities lie in the growing Microsoft Teams practice and focus on driving efficiency and profitability in 2023.

RingCentral exceeds Q1 revenue targets, eyes sustainable profitability and growth

RingCentral delivered robust financial performance in Q1 2023, showcasing growth in revenue, operating margin, and free cash flow, with a focus on sustainable profitability.
The company's strengths include innovative product offerings, stable ARPU trend, strong vertical performance, and a strategic approach to driving profitable growth.
Challenges include managing customer renewals churn, sustaining partnerships amidst efficiency initiatives, and addressing convertible debt maturities for long-term success.
Opportunities for RingCentral include enhancing product monetization, leveraging Avaya's contribution, driving marketing effectiveness, and exploring growth in key verticals.

RingCentral reports robust Q2 growth, eyes India expansion and AI leverage

RingCentral's Q2 2023 earnings call highlighted strong financial performance, strategic product introductions, leadership transitions, and a focus on innovation and partnerships. The company is well-positioned to capitalize on growth opportunities and navigate challenges in the competitive communication solutions market.

RingCentral exceeds Q3 expectations, focuses on innovation and growth

RingCentral's Q3 2023 performance showcased strong revenue growth, improved margins, and a focus on customer retention and upselling.
The company's strengths lie in product innovation, competitive UCaaS and CCaaS offerings, and an AI-first approach in Contact Center upsell.
Challenges include managing expenses, market positioning against competitors like Microsoft Teams, and driving international expansion effectively.
Opportunities for RingCentral include untapped markets, strategic partnerships, leveraging AI, and targeting enterprise customers with integrated solutions.

RingCentral posts robust Q4 results, eyes growth through new products

RingCentral's Q4 2023 Earnings Call highlighted strong financial performance, new product introductions, and strategic partnerships. The company aims for growth, profitability, and SBC reduction in 2024. Challenges include margin expansion, growth strategies, and market dynamics, while opportunities exist in product innovation and market expansion.

RingCentral surpasses Q1 revenue expectations, eyes growth in AI

RingCentral delivered a strong Q1 performance, exceeding revenue expectations and demonstrating progress in driving profitable growth. The company's focus on trust, innovation, and partnerships, along with new product introductions, bodes well for future growth.
While facing challenges in balancing growth with profitability and adapting to industry changes driven by AI, RingCentral has strengths in strategic partnerships, product offerings, and market positioning. Opportunities lie in expanding market reach, leveraging AI, and driving cloud migrations.
Overall, RingCentral's Q1 earnings call highlights a solid performance, strategic strengths, operational challenges, and growth opportunities in the evolving communication solutions market.

RingCentral surpasses Q2 revenue expectations, eyes global expansion opportunities

RingCentral's Q2 results exceeded expectations, driven by strong enterprise growth and new product introductions. The company is well-positioned to capitalize on opportunities in key verticals and regions, with a positive outlook for subscription revenue and free cash flow.

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Buy rating for RingCentral stock due to undervaluation and demonstrated improvements. RingCentral serves a growing UCaaS market driven by digitalization and remote work adoption. Strong GTM strategy and partnerships provide competitive advantage, despite macro challenges and potential risks.

RingCentral: Valuation Too Cheap At This Level

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RingCentral (RNG) reported earnings 30 days ago. What's next for the stock?

RingCentral (RNG) Up 1.5% Since Last Earnings Report: Can It Continue?

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Why RingCentral (RNG) is a Top Momentum Stock for the Long-Term

DUBLIN & BELMONT, Calif.--(BUSINESS WIRE)--Vodafone Business Ireland and RingCentral announce the launch of Vodafone Business UC with RingCentral to organizations of all sizes in Ireland.

Vodafone Business Ireland and RingCentral Unveil Innovative Hybrid Work Solution, Facilitating Seamless Collaboration Across Devices and Locations

BELMONT, Calif. & DENVER--(BUSINESS WIRE)-- #avaya--RingCentral and Avaya announce an expansion of offerings for Avaya customers.

Avaya and RingCentral Expand Strategic Partnership with AI-Powered Communications and Collaboration Experiences

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BELMONT, Calif.--(BUSINESS WIRE)---- $RNG #UCaaS--RingCentral, Inc. (NYSE: RNG), a leading provider of AI-driven cloud business communications, contact center, video, and hybrid event solutions, today announced that members of its management team are scheduled to present at the following investor conferences: 19th Annual Needham Technology, Media, & Consumer Conference Date: Tuesday, May 14, 2024 Time: 10:15 a.m. ET (7:15 a.m. PT) J.P. Morgan 52nd Annual Global Technology, Media and Communications Conferen.

RingCentral to Present at Upcoming Investor Conferences

RingCentral's (RNG) first-quarter 2024 results benefit from a robust product portfolio and strong subscription revenue growth.

RingCentral (RNG) Q1 Earnings Top Estimates, Revenues Up Y/Y

RingCentral, Inc. (NYSE:RNG ) Q1 2024 Earnings Conference Call May 7, 2024 5:00 PM ET Company Participants Will Wong - Vice President, Investor Relations Vlad Shmunis - Founder, Chairman and CEO Sonalee Parekh - Chief Financial Officer Conference Call Participants Kash Rangan - Goldman Sachs Samad Samana - Jefferies Ryan MacWilliams - Barclays Siti Panigrahi - Mizuho Tim Horan - Oppenheimer Brian Peterson - Raymond James Bobby Dee - Truist Operator Thank you for standing by. This is the conference operator.

RingCentral, Inc. (RNG) Q1 2024 Earnings Call Transcript

While the top- and bottom-line numbers for RingCentral (RNG) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

RingCentral (RNG) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

RingCentral (RNG) came out with quarterly earnings of $0.87 per share, beating the Zacks Consensus Estimate of $0.80 per share. This compares to earnings of $0.76 per share a year ago.

RingCentral (RNG) Tops Q1 Earnings and Revenue Estimates

BELMONT, Calif.--(BUSINESS WIRE)---- $RNG #UCaaS--RingCentral announces financial results for the first quarter ended March 31, 2024.

RingCentral Announces First Quarter 2024 Results

Get a deeper insight into the potential performance of RingCentral (RNG) for the quarter ended March 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Insights Into RingCentral (RNG) Q1: Wall Street Projections for Key Metrics

BELMONT, Calif.--(BUSINESS WIRE)--RingCentral, Inc. (NYSE: RNG), a leading provider of AI-driven cloud business communications, contact center, video and hybrid event solutions, today announced new platform capabilities that re-envision how customers build workflows within their enterprises. These capabilities allow non-technical users and developers to embed AI, video, and social messaging into workflows, automate alerts and notifications, and develop intuitive customer experiences without wri.

RingCentral Expands Platform Leadership with RingSense AI APIs and Workflow Builder

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BELMONT, Calif.--(BUSINESS WIRE)---- $RNG #earnings--RingCentral announced it will report financial results for the first quarter ended March 31, 2024 after market close on Tuesday, May 7, 2024.

RingCentral Announces Date of First Quarter 2024 Financial Results Conference Call

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Ringcentral (RNG) partners with San Fransisco Giants to improve business communication through AI-driven solutions.

Ringcentral (RNG) Aids Communication With Giant's Partnership

RingCentral's recent results show signs of stabilization and positive growth, with subscription revenue and total revenue both increasing by 9%. The company's conservative guidance for FY24 subscription revenue growth may be beatable, as historical trends suggest that RNG has consistently exceeded its revenue guidance. The upcoming catalyst for growth and positive sentiment is the success of RNG's partnership strategy, along with the introduction of new products that are expected to contribute to future growth.

RingCentral: Business Continues To Stabilize

CHARLOTTE, N.C. & BELMONT, Calif.--(BUSINESS WIRE)-- #UCaaS--Brightspeed, the nation's fourth largest fiber broadband builder, announced the launch of its Brightspeed Voice+ product powered by RingCentral's enterprise cloud communications solution to provide Brightspeed's Voice+ customers AI-driven integrated messaging, video and voice capabilities from virtually any device. RingCentral, Inc. (NYSE: RNG) is a leading provider of AI-driven cloud business communications, contact center, video and hybrid e.

Brightspeed Launches Brightspeed Voice+ with RingCentral for Enterprise Customers

ORLANDO, Fla.--(BUSINESS WIRE)--Enterprise Connect, the leading conference and exhibition for enterprise communications and customer experience, today announces RingCentral wins the Overall Best of Enterprise Connect award. RingCentral won for RingSense AI, a personal AI helper that provides real-time note-taking, enhances detail recall with GPT's semantic search, and unlocks insights from all conversations. The finalists for the Overall Best in Enterprise Connect award include: Cyara: Cyara Bo.

RingCentral Wins the Overall Best of Enterprise Connect 2024 Award; Winners Announced in Four Other Category Awards

ORLANDO, Fla.--(BUSINESS WIRE)-- #RingCX--Today at Enterprise Connect 2024 in Orlando, RingCentral, Inc. (NYSE: RNG), a leading provider of AI-driven cloud business communications, contact center, video, and hybrid event solutions, announced its native, AI-powered contact center, RingCX™, touts more than 1,000 features, has extended global availability, increased adoption, and added new CRM integrations. Initially launched in the US and Canada in November 2023, RingCX has extended availability in the UK.

News for RingCentral Stock (RNG)