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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RingCentral's first-quarter sales and earnings performance wound up being significantly better than the market anticipated. The software company also raised its sales and earnings targets for this year.

Why RingCentral Stock Is Up Big Today

RingCentral, Inc. (NYSE:RNG ) Q1 2023 Earnings Conference Call May 9, 2023 5:00 PM ET Company Participants Will Wong - Vice President, Investor Relations Vlad Shmunis - Founder, Chairman and CEO Mo Katibeh - President and COO Sonalee Parekh - Chief Financial Officer Conference Call Participants Samad Samana - Jefferies Sterling Auty - Moffett Siti Panigrahi - Mizuho Meta Marshall - Morgan Stanley Ryan Koontz - Needham Brian Peterson - Raymond James Matt Niknam - Deutsche Bank Peter Levine - Evercore ISI Matt Bullock - Bank of America Matt Stotler - William Blair Catharine Trebnick - Rosenblatt Securities Bobby Dee - Truist Michael Turrin - Wells Fargo Securities Operator Hello. And welcome to RingCentral's First Quarter 2023 Earnings Conference Call.

RingCentral, Inc. (RNG) Q1 2023 Earnings Call Transcript

RingCentral (RNG) came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.39 per share a year ago.

RingCentral (RNG) Q1 Earnings and Revenues Surpass Estimates

Shares of RingCentral Inc. RNG rose more than 7% in the extended session Tuesday after the maker of cloud-base communications services posted a narrower quarterly loss and adjusted EPS above Wall Street expectations, raising its revenue and operating margin outlook for the year as well. RingCentral lost $54.4 million, or 57 cents a share, compared with a loss of $151 million, or $1.60 a share in the year-ago period.

RingCentral posts narrower loss, raises revenue guidance

BELMONT, Calif.--(BUSINESS WIRE)---- $RNG #UCaaS--RingCentral today announced financial results for the first quarter ended March 31, 2023.

RingCentral Announces First Quarter 2023 Results

MILAN & BELMONT, Calif.--(BUSINESS WIRE)--Vodafone Business and RingCentral (NYSE:RNG), a leading provider of AI-powered global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today unveiled to the Italian market Vodafone Business UC with RingCentral, a powerful, integrated communications solution that brings together RingCentral's messaging and video capabilities with Vodafone's existing fixed and mobile voice communications functionality to the It.

Vodafone Business UC with RingCentral Now Available in Italy: New Solution to Power Hybrid Work for Employees and Customers

BELMONT, Calif.--(BUSINESS WIRE)---- $RNG #UCaaS--RingCentral will report financial results for the first quarter ended March 31, 2023 after market close on Tuesday, May 9, 2023

RingCentral Announces Date of First Quarter 2023 Financial Results Conference Call

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RingCentral (RNG) launches its new AI-powered capabilities, RingSense and Next-gen frontline workforce solutions, suggesting expanding clientele and a strong partner base.

RingCentral (RNG) Levelling up its AI-Powered Capabilities

BELMONT, Calif.--(BUSINESS WIRE)--RingCentral, Inc. (NYSE: RNG), a leading provider of AI-powered global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced the launch of RingSense™, a ground-breaking AI platform that brings the power of conversation intelligence to business communications and collaboration.

Introducing RingSense by RingCentral: A Ground-Breaking AI Platform for Enhanced Business Communications

BELMONT, Calif.--(BUSINESS WIRE)--RingCentral, Inc. (NYSE: RNG), a leading provider of AI-powered global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced a next-gen communication solution for frontline workers that enhances employee- or company-owned mobile devices with walkie-talkie, voice, AI- powered video capabilities, team messaging, file sharing, and more.

RingCentral Introduces Next-Gen Communication Solution for Frontline Workers

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

Why Is RingCentral (RNG) Down 13.8% Since Last Earnings Report?

BELMONT, Calif.--(BUSINESS WIRE)--MMC, Inc., a Human Resources Outsourcing company (HRO), today announced it has replaced its on-premise legacy communications systems with RingCentral, Inc. (NYSE: RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutions, to drive an improved client experience, streamline employee workflows, and deliver IT cost savings.

MMC Selects RingCentral's Cloud Communications Solutions to Improve Customer Experience and Streamline Employee Workflows

NEW YORK , March 13, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of RingCentral, Inc. ("Hayward" or the "Company") (NYSE: RNG). Such investors are advised to contact Robert S.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of RingCentral, Inc. - RNG

RingCentral's stock plunged after missing Q4 results and issuing cautious guidance. Risks such as contract renewals and competition remain, but so do opportunities such as a new AWS partnership.

RingCentral: After Post-Earnings Nosedive, Stock Looks More Attractive

The consensus price target hints at a 56.8% upside potential for RingCentral (RNG). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts See a 56.75% Upside in RingCentral (RNG): Can the Stock Really Move This High?

NEW YORK--(BUSINESS WIRE)---- $RNG #classaction--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of investors of RingCentral, Inc. (“RingCentral” or “the Company”) (NYSE: RNG). RingCentral investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/rng. The investigation concerns whether RingCentral violated federal securities laws.

Bronstein, Gewirtz & Grossman, LLC Notifies RingCentral, Inc. (RNG) Investors of Investigation

The headline numbers for RingCentral (RNG) give insight into how the company performed in the quarter ended December 2022, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

RingCentral (RNG) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

RingCentral, Inc. (NYSE:RNG ) Q4 2022 Earnings Conference Call February 15, 2023 5:00 PM ET Company Participants Will Wong – Vice President-Investor Relations Vlad Shmunis – Founder, Chairman and Chief Executive Officer Mo Katibeh – President and Chief Operating Officer Sonalee Parekh – Chief Financial Officer. Conference Call Participants Samad Samana – Jefferies Sterling Auty – SVB Kash Rangan – Goldman Sachs Meta Marshall – Morgan Stanley Brian Peterson – Raymond James Strecker Backe – Wolfe Matt Bullock – Bank of America Ryan MacWilliams – Barclays Terry Tillman – Truist Securities George Sutton – Craig-Hallum Matt Stotler – William Blair Michael Turrin – Wells Fargo Securities Operator Good afternoon, and welcome to the RingCentral Fourth Quarter 2022 Earnings Conference Call.

RingCentral, Inc. (RNG) Q4 2022 Earnings Call Transcript

RingCentral (RNG) delivered earnings and revenue surprises of 1.69% and 0.69%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

RingCentral (RNG) Tops Q4 Earnings Estimates

RingCentral Inc. RNG, +7.70% shares dove 10% in after-hours trading Wednesday, following a quarterly report that included disappointing sales guidance. The cloud-telephony company's executives forecast 2023 revenue of $2.18 billion to $2.2 billion, while analysts on average were expecting $2.32 billion, according to FactSet.

RingCentral stock plunges 10% as sales forecast disappoints

BELMONT, Calif.--(BUSINESS WIRE)--RingCentral, Inc. (NYSE:RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced financial results for the fourth quarter and fiscal year ended December 31, 2022. Fourth Quarter Financial Highlights Total revenue increased 17% year over year to $525 million. Subscriptions revenue increased 19% year over year to $502 million.

RingCentral Announces Fourth Quarter 2022 Results

BELMONT, Calif.--(BUSINESS WIRE)--RingCentral, Inc. (NYSE: RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced an extended and expanded strategic partnership agreement with Avaya Inc., a global provider of solutions to enhance and simplify communications and collaboration. As part of Avaya's transformation and expedited recapitalization, Avaya Cloud Office by RingCentral (“ACO”) remains Avaya's exclusive multi-tenanted Unified Communications as a Service (UCaaS) solution to Avaya's customers, including its on-premises installed base totaling tens of millions of users worldwide.

RingCentral Announces Extended and Expanded Strategic Partnership Agreement with Avaya

The average of price targets set by Wall Street analysts indicates a potential upside of 25.6% in RingCentral (RNG). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Think RingCentral (RNG) Could Surge 25.57%: Read This Before Placing a Bet

BELMONT, Calif.--( BUSINESS WIRE )--RingCentral, Inc. (NYSE: RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced that it will report financial results for the fourth quarter ended December 31, 2022 after market close on Wednesday, February 15, 2023. The company also announced that it will hold a conference call on the same day at 2:00 PM Pacific Time (5:00 PM Eastern Time) to discuss its quarterly financial results.

News for RingCentral Stock (RNG)