Avaya And RingCentral Expand Partnership With AI-Powered Communications And Collaboration Experiences

5/13/24 8:26:35 AM ET

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New Hybrid Solution Empowers Customers to Combine Existing Avaya Investments with Enhanced Collaboration Capabilities from RingCentral

RingCentral Enhances Avaya Cloud Office with RingSense AI and Microsoft Teams Integration

Today at Avaya ENGAGE, RingCentral, Inc. (NYSE:RNG), a leading provider of AI-driven cloud business communications, contact center, video and hybrid event solutions, and Avaya, a global leader in customer experience and communications solutions, announced an expansion of offerings for Avaya customers, including a new hybrid solution of RingCentral's AI-powered cloud business communications solution with Avaya Aura telephony, providing enhanced collaboration capabilities.

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Recent Analyst Ratings for
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Date	Price Target	Rating	Analyst
8/2/2024	$45.00	Neutral → Buy	Rosenblatt
12/20/2023	$36.00	Overweight → Equal Weight	Wells Fargo
12/12/2023	$40.00 → $35.00	Buy → Hold	Jefferies
10/23/2023	$52.00 → $35.00	Buy → Neutral	Rosenblatt
8/8/2023		Overweight → Equal-Weight	Morgan Stanley
8/8/2023	$38.00	Buy → Hold	Craig Hallum
5/26/2023	$42.00	Hold → Buy	Needham
5/11/2023	$52.00 → $37.00	Buy → Neutral	Goldman

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RingCentral to Present at Upcoming Investor Conferences
RingCentral, Inc. (NYSE:RNG), a leading global provider of trusted AI communications for businesses of all sizes, today announced that members of its management team are scheduled to present at the following investor conferences: UBS Global Technology and AI Conference Date: Tuesday, December 3, 2024 Time: 10:15 a.m. MT (12:15 p.m. ET) Barclays 22nd Annual Global Technology Conference Date: Wednesday, December 11, 2024 Time: 10:25 a.m. PT (1:25 p.m. ET) A live webcast will be accessible on the Company's investor relations website at ir.ringcentral.com. About RingCentral RingCentral is a leading provider of trusted AI communications, contact center, sales intelligence, video and hy
11/21/24 4:05:00 PM ET
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RingCentral Appoints Abhey Lamba as Chief Financial Officer
RingCentral, Inc. (NYSE:RNG), a leading global provider of trusted AI communications for businesses of all sizes, today announced that Abhey Lamba has been appointed Chief Financial Officer and will join in his new role in the coming weeks. Lamba will be responsible for all the Company's financial functions, including financial planning, controllership, tax, treasury, corporate development and investor relations. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241107140330/en/Abhey Lamba, courtesy of RingCentral A seasoned finance and technology leader with more than 30 years of experience, Lamba joins RingCentral from Amazon Web
11/7/24 4:05:00 PM ET
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RingCentral and Verint Announce Strategic Partnership to Bring AI-Powered Workforce Engagement Management and CX Automation to RingCX Customers
RingCentral, Inc. (NYSE:RNG), a global leader in AI-powered trusted business communications for companies of all sizes, and Verint® (NASDAQ:VRNT), a leader in CX automation, today announced a strategic partnership to provide RingCX™ customers access to best-in-class workforce engagement management (WEM) and CX automation. Through this partnership, RingCX customers will have more choice and be able to leverage Verint's leading WEM and CX automation solutions, which complement RingCentral's native AI capabilities, to enhance employee productivity and improve customer experiences, ultimately driving competitive advantage and operational efficiency. This press release features multimedia. View
11/7/24 4:05:00 PM ET
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RingCentral Announces Third Quarter 2024 Results
Q3 2024 revenue above high end of guidance Achieves GAAP operating profitability in Q3 2024 Raising 2024 revenue, net cash provided by operating activities and free cash flow outlook RingCentral, Inc. (NYSE:RNG), a global leader in AI-powered trusted business communications for companies of all sizes, today announced financial results for the third quarter ended September 30, 2024. Third Quarter Financial Highlights Total revenue increased 9% year-over-year to $609 million. Subscriptions revenue increased 10% year-over-year to $583 million. Annualized Exit Monthly Recurring Subscriptions (ARR) increased 9% year-over-year to $2.48 billion. Enterprise ARR increased 11% year-over-y
11/7/24 4:05:00 PM ET
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RingCentral to Announce Third Quarter 2024 Financial Results On November 7, 2024
RingCentral, Inc. (NYSE:RNG), a global leader in AI-powered trusted business communications for companies of all sizes, today announced that it will report financial results for the third quarter ended September 30, 2024 after market close on November 7, 2024. 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. The conference call can be accessed by dialing 1-888-349-0093 from the United States or 1-412-317-5201 internationally with reference to the company name and conference title. Following the completion of the call through 11:59 PM Eastern Time on November 14, 2024, a
10/16/24 4:05:00 PM ET
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RingCentral Announces Second Quarter 2024 Results
Q2 2024 key metrics above high end of guidance Achieves record net cash provided by operating activities and record free cash flow Raising 2024 revenue outlook RingCentral, Inc. (NYSE:RNG), a leading provider of AI-driven cloud business communications, contact center, video, and hybrid event solutions, today announced financial results for the second quarter ended June 30, 2024. Second Quarter Financial Highlights Total revenue increased 10% year-over-year to $593 million. Subscriptions revenue increased 10% year-over-year to $567 million. Annualized Exit Monthly Recurring Subscriptions (ARR) increased 9% year-over-year to $2.43 billion. Mid-market and Enterprise ARR inc
8/1/24 4:05:00 PM ET
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RingCentral Appoints Abhey Lamba as Chief Financial Officer
RingCentral, Inc. (NYSE:RNG), a leading global provider of trusted AI communications for businesses of all sizes, today announced that Abhey Lamba has been appointed Chief Financial Officer and will join in his new role in the coming weeks. Lamba will be responsible for all the Company's financial functions, including financial planning, controllership, tax, treasury, corporate development and investor relations. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241107140330/en/Abhey Lamba, courtesy of RingCentral A seasoned finance and technology leader with more than 30 years of experience, Lamba joins RingCentral from Amazon Web
11/7/24 4:05:00 PM ET
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RingCentral Appoints Prat Bhatt to Board of Directors
RingCentral, Inc. (NYSE:RNG), a leading provider of AI-driven cloud business communications, contact center, video and hybrid event solutions, today announced that Prat Bhatt has been appointed to the Company's Board of Directors, effective March 1, 2024. Bhatt has been named a member of the Board's audit committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240220097878/en/Photo of Prat Bhatt, courtesy of RingCentral Bhatt is an accomplished technology industry veteran and financial expert, having previously served as Chief Accounting Officer of Cisco Systems. In his more than 20 years at Cisco, Bhatt was instrumental in sc
2/20/24 4:05:00 PM ET
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RingCentral Appoints Bobbie Grafeld as Chief Human Resources Officer
Linking people, culture, and strategy to drive business value RingCentral, Inc. (NYSE:RNG), a leading provider of AI-powered global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced that Bobbie Grafeld has been appointed as Chief Human Resources Officer. Reporting to Mo Katibeh, President and Chief Operating Officer, Grafeld will be responsible for developing and executing human resources strategy in support of the company's overall strategic priorities. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230613536735/en/Bobbie Grafeld, courtesy of RingCentral "We are deli
6/13/23 8:00:00 AM ET
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Avaya And RingCentral Expand Partnership With AI-Powered Communications And Collaboration Experiences

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$RNG Large Ownership Changes

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SEC Form SC 13G filed by RingCentral Inc.

Amendment: SEC Form SC 13G/A filed by RingCentral Inc.

Amendment: SEC Form SC 13G/A filed by RingCentral Inc.

$RNG Insider Trading

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DEPUTY CHIEF FINANCIAL OFFICER Agarwal Vaibhav sold $76,822 worth of shares (2,178 units at $35.27), was granted 4,418 shares and covered exercise/tax liability with 2,240 shares (SEC Form 4)

SVP, CAdO & GENERAL COUNSEL Marlow John H was granted 3,787 shares, increasing direct ownership by 1% to 381,102 units (SEC Form 4)

Director Theis Robert I sold $55,264 worth of shares (1,457 units at $37.93), decreasing direct ownership by 5% to 30,147 units (SEC Form 4)

$RNG Press Releases

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RingCentral to Present at Upcoming Investor Conferences

RingCentral Appoints Abhey Lamba as Chief Financial Officer

RingCentral and Verint Announce Strategic Partnership to Bring AI-Powered Workforce Engagement Management and CX Automation to RingCX Customers

$RNG Financials

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RingCentral Announces Third Quarter 2024 Results

RingCentral to Announce Third Quarter 2024 Financial Results On November 7, 2024

RingCentral Announces Second Quarter 2024 Results

$RNG Analyst Ratings

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RingCentral upgraded by Rosenblatt with a new price target

RingCentral downgraded by Wells Fargo with a new price target

RingCentral downgraded by Jefferies with a new price target

$RNG SEC Filings

SEC Form 144 filed by RingCentral Inc.

SEC Form 10-Q filed by RingCentral Inc.

RingCentral Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

$RNG Leadership Updates

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RingCentral Appoints Abhey Lamba as Chief Financial Officer

RingCentral Appoints Prat Bhatt to Board of Directors

RingCentral Appoints Bobbie Grafeld as Chief Human Resources Officer

$RNG Market Insights

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Shares of software companies are trading higher amid overall market strength as investors assess this week's inflation data.

Piper Sandler Maintains Neutral on RingCentral, Lowers Price Target to $31

Wells Fargo Maintains Equal-Weight on RingCentral, Lowers Price Target to $28

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