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Ringcentral Inc   (RNG)
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Price: $35.4900 $0.52 1.487%
Day's High: $35.64 Week Perf: -2.34 %
Day's Low: $ 34.57 30 Day Perf: 7.77 %
Volume (M): 1,069 52 Wk High: $ 43.28
Volume (M$): $ 37,928 52 Wk Avg: $31.61
Open: $34.90 52 Wk Low: $25.08



 Market Capitalization (Millions $) 3,370
 Shares Outstanding (Millions) 95
 Employees 5,400
 Revenues (TTM) (Millions $) 2,202
 Net Income (TTM) (Millions $) -165
 Cash Flow (TTM) (Millions $) -48
 Capital Exp. (TTM) (Millions $) 76

Ringcentral Inc
RingCentral Inc is a cloud-based telecommunication company that provides an all-in-one communications platform to businesses of all sizes. The company was founded in 1999 and is headquartered in Belmont, California, with additional offices in Canada, UK, Asia, and Australia.

RingCentral's platform allows businesses to communicate and collaborate through voice, video, messaging, and online meetings in a unified communication experience. The platform also integrates with other business applications such as CRM, email, and productivity tools, making it a complete solution for businesses.

RingCentral provides several products and services to its customers, including RingCentral Office, RingCentral Contact Center, RingCentral Video, and RingCentral Glip.

RingCentral Office is an enterprise-grade communication solution that provides business phone system, messaging, video conferencing, and file sharing. The solution supports remote and distributed teams, allows easy setup and management, and delivers flexibility and scalability.

RingCentral Contact Center is a cloud-based contact center solution that provides omni-channel customer engagement, routing, and analytics features. It enables businesses to manage their customer support operations across multiple channels, including voice, chat, email, and social media.

RingCentral Video is a video conferencing and screen sharing solution that enables remote teams to collaborate seamlessly with each other. The solution offers high-quality video and audio, screen sharing, and virtual background features.

RingCentral Glip is a team messaging and collaboration solution that provides chat, file sharing, task management, and integration with other business apps. It enables teams to work together on projects and tasks from anywhere, including mobile devices.

RingCentral has been recognized by various industry analysts for its communication and collaboration solutions. The company has also won several awards, including the "UCaaS and CCaaS 2020 Vendor of the Year" from Frost & Sullivan and the "Best Business Phone System" from Gartner Digital Markets.

In conclusion, RingCentral Inc is a cloud-based telecommunication company that offers an all-in-one communication platform for businesses, including enterprise-grade phone system, messaging, video conferencing, and contact center solutions. The company focuses on providing flexibility, scalability, and seamless collaboration for remote and distributed teams. RingCentral's solutions have been recognized by analysts and won numerous awards.


   Company Address: 20 Davis Drive Belmont 94002 CA
   Company Phone Number: 472-4100   Stock Exchange / Ticker: NYSE RNG
   


   

Stock Performances by Major Competitors

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Ringcentral Inc

RingCentral Inc. Defies Industry Trends with Impressive Revenue Growth Amidst Fiscal Challenges

Financial News Report:
Cloud Computing & Data Analytics Company Records Deficit Despite Revenue Improvement
BELMONT, Calif. - Cloud Computing & Data Analytics company, RingCentral Inc, announced its financial results for the fiscal period ending December 31, 2023. Although the company achieved a notable revenue improvement of 9.076% year on year to $572.37 million, it was not enough to reach break-even. The company recorded a deficit per share of $-0.50.
RingCentral Inc has evidently outperformed its industry peers in terms of revenue growth, as the rest of the Cloud Computing & Data Analytics industry reported a 5.10% improvement during the same period. Compared to the previous reporting period, the company experienced a surge in deficit from $-0.45 per share, while revenue increased by 2.725% from $557.19 million.

Business Update

RingCX: Revamping Customer Service with AI-First Contact Center Solutions

Published Tue, Feb 20 2024 9:05 PM UTC

RingCX: Leading the Industry in AI-First Customer ServiceIn today's rapidly evolving business landscape, customer service has become a critical element for success. As businesses strive to meet the ever-increasing expectations of their customers, they are turning to advanced technologies to enhance their contact center capabilities. One company that has recently achieved lea...

Product Service News

RingCentral Leverages AI and EHR Partnerships for Healthcare Communication Revolution Amidst Robust Revenue Growth

Published Mon, Feb 5 2024 1:00 PM UTC

RingCentral, Inc., a prominent global provider of AI-first, enterprise cloud communication, hybrid events, video, and contact center solutions, announced a significant investment in the healthcare sector with its newly developed, integrated patient care solution for global health organizations. The announcement is made amid swiftly evolving industry dynamics, rising digital ...

Ringcentral Inc

Ringcentral Inc. Achieves Remarkable Surge in Revenue, Experiencing Massive Growth in Fiscal Year Ending Sep 30, 2023



In the recently concluded third quarter of 2023, leading Cloud Computing & Data Analytics company, Ringcentral Inc, reported a robust year-on-year revenue growth of 9.461% amounting to $557.19 million. Despite this positive revenue increase, the company was unable to reach break-even, recording a shortfall per share of $-0.45.
While falling short of break-even might appear concerning at first glance, it is important to note that Ringcentral Inc's revenue growth in the third quarter correlates favorably with its industry contemporaries. The overall Cloud Computing & Data Analytics sector experienced a 3.82% rise in business during the same period, highlighting the company's relative strength and stability within the industry.
Compared to the prior reporting period, Ringcentral Inc's shortfall per share increased from $-0.23, and revenue grew by 3.396% from $538.89 million. This indicates steady progress and a positive growth trajectory for the company. Notably, the earnings season for the third quarter of 2023 saw Ringcentral Inc report a net shortfall of $-42.116 million, signifying a significant improvement compared to the deficit of $-284.616 million reported in the corresponding period the previous year.

Ringcentral Inc

Ringcentral Inc Exhibits Substantial Fiscal Recovery with Minimized Losses and Increased Revenue in Q2 2023

Ringcentral Inc, a leading company in the Cloud Computing & Data Analytics industry, has shown promising financial results for the fiscal span of April to June 30, 2023. The company managed to decrease its loss per share from $-1.68 to $-0.23 compared to the previous year. Additionally, their Income per Share improved from $-0.57 to a positive figure, indicating positive growth.
One significant achievement for Ringcentral Inc is their revenue increase of 10.678%, reaching $538.89 million compared to $486.90 million in the same quarter last year. Sequentially, their revenue also increased by 0.974% from $533.69 million, demonstrating consistent growth. When compared to other entities in the Cloud Computing & Data Analytics sectors, Ringcentral Inc outperformed its industry peers with an average top-line advance of 3.88% in the second quarter of 2023.






 

Ringcentral Inc's Segments
 
 
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Earnings Outlook
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