RingCentral, Inc. provides software-as-a-service solutions that enable businesses to communicate, collaborate, and connect in North America. Its products include RingCentral Office that provides communication and collaboration across various modes, including high-definition voice, video, SMS, messaging and collaboration, conferencing, online meetings, and fax; RingCentral Contact Center, a collaborative contact center solution that delivers omni-channel; and RingCentral Engage Digital, a digital customer engagement platform that allows enterprises to interact with their customers. The company's products also comprise RingCentral Engage Voice, a cloud-based outbound/blended customer engagement platform for midsize and enterprise companies; RingCentral Glip, a team messaging and collaboration solution that allows a range of teams to stay connected through various modes of communication through an integration with RingCentral Office; and RingCentral Live Reports, an add-on for RingCentral Office customers to gather real-time information. In addition, it offers RingCentral Professional, a cloud based virtual telephone service that provides inbound call answering and management services for professionals; and RingCentral Fax that provides online fax capabilities. The company serves a range of industries, including financial services, education, healthcare, legal services, real estate, retail, technology, insurance, construction, hospitality, and state and local government, as well as others. It sells its products through a network of direct sales representatives, as well as sales agents, resellers, and channel partners. RingCentral, Inc. has strategic partnerships with Alcatel-Lucent Enterprise; and Vodafone Business. The company was incorporated in 1999 and is headquartered in Belmont, California.
IPO Year: 2013
Exchange: NYSE
Website: ringcentral.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/9/2025 | $36.00 | Buy | Needham |
| 1/27/2025 | $45.00 → $37.00 | Overweight → Equal Weight | Barclays |
| 1/7/2025 | $38.00 → $30.00 | Equal Weight → Underweight | Wells Fargo |
| 1/3/2025 | $50.00 → $45.00 | Strong Buy → Outperform | Raymond James |
| 12/13/2024 | $42.00 | Outperform → Neutral | Mizuho |
| 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 |
Exceeded $2.5 billion in ARR Total revenue at the high end of guidance with record cash flow GAAP operating profitable for the third consecutive quarter; non-GAAP operating margin above guidance Now has over 1,000 paying customers on each of RingCX and AI Receptionist (AIR) RingCentral, Inc. (NYSE:RNG), a global leader in AI-powered business communications, today announced financial results for the first quarter ended March 31, 2025. "Our continued leadership in UCaaS, combined with strong early momentum in CCaaS and accelerated adoption of our AI-powered solutions, drove solid Q1 results, with ARR surpassing $2.5 billion," said Vlad Shmunis, RingCentral's Founder, Chairman, and CEO. "
Award highlights RingCentral Events' innovative approach; robust, AI-driven platform; and commitment to maximizing customer ROI New, simplified pricing model further empowers marketers RingCentral, Inc. (NYSE:RNG), a global leader in AI-powered business communications, announced today that it has been recognized by Frost & Sullivan with the prestigious 2025 Global Customer Value Leadership Award for exemplary performance in the web events industry. According to Frost & Sullivan, RingCentral Events™ stands out by taking a value-driven strategy designed specifically to make virtual, hybrid, and in-person events engaging, powerful, simple, and affordable for customers. Evaluated based on rig
Provides a single pane of glass for omnichannel customer engagement Drives intelligent, effortless, and personalized experiences across the customer journey Enriches CRM ecosystem with deep insights into customer interactions RingCentral, Inc. (NYSE:RNG), a global leader in AI-powered business communications, today announced it has launched RingCX™ for Salesforce Service Cloud Voice on Salesforce AppExchange, a leading enterprise marketplace for partner apps and experts, empowering customers to deliver a unified and streamlined experience for agents by integrating RingCentral's digital channel and voice capabilities into Salesforce. This powerful combination enables organizations to not
RingCentral, Inc. (NYSE:RNG), a global leader in AI-powered business communications, today announced that it will report financial results for the first quarter ended March 31, 2025 after market close on May 8, 2025. 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 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 May 8, 2025, a telephone replay will also be available by dialing 1-844-512
RingCentral, Inc. (NYSE:RNG), a global leader in AI-powered trusted business communications, today kicked off its showcase at Enterprise Connect 2025 in Orlando, highlighting AI momentum and innovation that transforms customer experiences. "At RingCentral, we've been on a journey for the past 25 years transforming the way businesses communicate and engage their customers. Now with AI, we're reinventing customer interactions, at every stage of the customer journey – making them more intelligent, connected, and effortless," said Vlad Shmunis, Founder, Chairman, and CEO of RingCentral. "AI Receptionist (AIR) represents the next evolution of RingCentral where we can leverage our expertise in a
Partners with RingCentral to bring AI-powered voice, chat, video, and contact center capabilities to customers RingCentral, Inc. (NYSE:RNG), a leading global provider of AI-powered trusted communications, and Cox Business, a leading provider of advanced cloud, managed IT and fiber-based network solutions, today announced a new partnership to bring advanced communications solutions to customers. These solutions combine Cox's reliable, high speed connectivity and business solutions with RingCentral's AI-powered business communications platform. Available today, Cox Business Connect with RingCentral will empower businesses of all sizes to transform work experiences and deliver enhanced custo
RingCentral, Inc. (NYSE:RNG), a global leader in AI-powered trusted business communications for companies of all sizes, today announced that members of its management team are scheduled to present at the following investor conference: Morgan Stanley Technology, Media & Telecom Conference Date: Tuesday, March 4, 2025 Time: 3:20 p.m. PT (6:20 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 AI-powered cloud business communications, contact center, video and hybrid event solutions. RingCentral empowers businesses with conversation intelligence, and unlocks rich customer a
AI digital employee for businesses of all sizes Easy to deploy, easy to use, no IT setup required RingCentral, Inc. (NYSE:RNG), a global leader in AI-powered trusted business communications, today introduced RingCentral AI Receptionist™ (AIR), an AI phone agent that uses generative AI to automatically answer customer questions and transfer callers to the right place, much like traditional full-time receptionists do. Unlike contact center intelligent virtual agents (IVAs), which are complex and costly to deploy, RingCentral AIR™ is embedded into the RingCentral phone system and enables any business to easily deploy this AI call automation solution to transform their business. This press re
RingCentral, Inc. (NYSE:RNG), a global leader in AI-powered trusted business communications, today announced that it has appointed Kira Makagon, current Chief Innovation Officer and CMO, as President and Chief Operating Officer, effective today. Makagon will be responsible for the Company's product and technology organization, direct and channel sales, customer success, marketing, and operations organizations. Vlad Shmunis, RingCentral's Founder, Chairman, and CEO, said, "Kira's visionary leadership at RingCentral spans over a decade, spearheading our product innovation and establishing our brand as an industry leader. Kira's proven track record of building high-performing teams and her de
Q4 2024 revenue and operating margin above guidance range with record cash flow Exceeded $50 million ARR from new products Kira Makagon promoted to President and Chief Operating Officer RingCentral, Inc. (NYSE:RNG), a global leader in AI-powered trusted business communications for companies of all sizes, today announced financial results for the fourth quarter and fiscal year ended December 31, 2024. "We had a good fourth quarter, capping a strong year," said Vlad Shmunis, RingCentral's founder and CEO. "Our new AI-powered products are gaining steam, and today we unveiled RingCentral AI Receptionist, or AIR, which we believe will deliver tremendous value to businesses everywhere. Buildi
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Needham resumed coverage of RingCentral with a rating of Buy and set a new price target of $36.00
Barclays downgraded RingCentral from Overweight to Equal Weight and set a new price target of $37.00 from $45.00 previously
Wells Fargo downgraded RingCentral from Equal Weight to Underweight and set a new price target of $30.00 from $38.00 previously
Raymond James downgraded RingCentral from Strong Buy to Outperform and set a new price target of $45.00 from $50.00 previously
Mizuho downgraded RingCentral from Outperform to Neutral and set a new price target of $42.00
Rosenblatt upgraded RingCentral from Neutral to Buy and set a new price target of $45.00
Wells Fargo downgraded RingCentral from Overweight to Equal Weight and set a new price target of $36.00
Jefferies downgraded RingCentral from Buy to Hold and set a new price target of $35.00 from $40.00 previously
Rosenblatt downgraded RingCentral from Buy to Neutral and set a new price target of $35.00 from $52.00 previously
Morgan Stanley downgraded RingCentral from Overweight to Equal-Weight
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RingCentral, Inc. (NYSE:RNG), a global leader in AI-powered trusted business communications, today announced that it has appointed Kira Makagon, current Chief Innovation Officer and CMO, as President and Chief Operating Officer, effective today. Makagon will be responsible for the Company's product and technology organization, direct and channel sales, customer success, marketing, and operations organizations. Vlad Shmunis, RingCentral's Founder, Chairman, and CEO, said, "Kira's visionary leadership at RingCentral spans over a decade, spearheading our product innovation and establishing our brand as an industry leader. Kira's proven track record of building high-performing teams and her de
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
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
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
WWE® (NYSE:WWE) today announced that Michelle McKenna and JoEllen Lyons Dillon have been elected to its Board of Directors. McKenna spent more than two decades as a senior leader at Disney, Universal Studios and the NFL, working across technology, digital strategy and finance. From 2012 to 2022, McKenna served as Chief Information Officer for the NFL, where she was responsible for the league's technology strategy and served as the executive sponsor of the Women's Interactive Group. She serves on the Board of Directors of Ring Central (NYSE:RNG), where she is a member of the audit, compensation and nominating & governance committees. McKenna previously served on the Board of Directors of In
Mo Katibeh appointed as President and Chief Operating Officer RingCentral, Inc. (NYSE:RNG), a leading provider of global enterprise cloud communications, collaboration, video meetings, and contact center solutions, today announced that Sonalee Parekh has been appointed as RingCentral's Chief Financial Officer and will join the Company in her new role by May 31, 2022. Parekh will be responsible for all the company's financial functions, including financial planning, controllership, tax, treasury, corporate development and investor relations. The company also announced that Mo Katibeh, Chief Operating Officer, has been appointed as President of RingCentral, effective immediately. This press
BELMONT, Calif.--(BUSINESS WIRE)--RingCentral, Inc. (NYSE:RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today appointed former U.S. Secretary of Education, Arne Duncan to the company’s board of directors. “Over the past year we have learned the importance of being able to communicate effectively from wherever we are,” said Secretary Duncan. “RingCentral’s vision of enabling people to learn and work from anywhere presents some intriguing opportunities for us all to rethink how this next generation of communications technologies will empower us as individuals, families, businesses and our communities
BELMONT, Calif.--(BUSINESS WIRE)--RingCentral, Inc. (NYSE: RNG), a leading provider of global enterprise cloud communications, collaboration, video meetings, and contact center solutions today announced that industry security veteran, Heather Hinton has joined RingCentral as the company’s Chief Information Security Officer (CISO). Hinton joins RingCentral from IBM, where she spent 13 years in various leadership positions, most recently as vice president and IBM distinguished engineer, and CISO for the company’s Cloud and Cognitive Software business unit. Hinton brings more than 30 years of experience in Information Technology (IT) and cyber security expertise to RingCentral. Over
BELMONT, Calif.--(BUSINESS WIRE)--RingCentral, Inc. (NYSE: RNG), a leading provider of global enterprise cloud communications, collaboration, and contact center solutions, today announced that Matthew Bishop has been appointed as Chief Digital Officer. Bishop will be responsible for ensuring that RingCentral has the very best digital strategy, real time actionable insights and processes to support the growing operational needs of its global business. “We’re entering a new era of working from anywhere. Just as our customers transform, we must be ready to think differently and evolve as our business grows,” said Anand Eswaran, president and chief operating officer at RingCentral. “
Exceeded $2.5 billion in ARR Total revenue at the high end of guidance with record cash flow GAAP operating profitable for the third consecutive quarter; non-GAAP operating margin above guidance Now has over 1,000 paying customers on each of RingCX and AI Receptionist (AIR) RingCentral, Inc. (NYSE:RNG), a global leader in AI-powered business communications, today announced financial results for the first quarter ended March 31, 2025. "Our continued leadership in UCaaS, combined with strong early momentum in CCaaS and accelerated adoption of our AI-powered solutions, drove solid Q1 results, with ARR surpassing $2.5 billion," said Vlad Shmunis, RingCentral's Founder, Chairman, and CEO. "
RingCentral, Inc. (NYSE:RNG), a global leader in AI-powered business communications, today announced that it will report financial results for the first quarter ended March 31, 2025 after market close on May 8, 2025. 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 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 May 8, 2025, a telephone replay will also be available by dialing 1-844-512
Q4 2024 revenue and operating margin above guidance range with record cash flow Exceeded $50 million ARR from new products Kira Makagon promoted to President and Chief Operating Officer RingCentral, Inc. (NYSE:RNG), a global leader in AI-powered trusted business communications for companies of all sizes, today announced financial results for the fourth quarter and fiscal year ended December 31, 2024. "We had a good fourth quarter, capping a strong year," said Vlad Shmunis, RingCentral's founder and CEO. "Our new AI-powered products are gaining steam, and today we unveiled RingCentral AI Receptionist, or AIR, which we believe will deliver tremendous value to businesses everywhere. Buildi
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 fourth quarter ended December 31, 2024 after market close on February 20, 2025. 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 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 February 27, 2025, a telephon
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
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
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
RingCentral, Inc. (NYSE:RNG), a leading provider of AI-driven cloud business communications, contact center, video, and hybrid event solutions, today announced that it will report financial results for the second quarter ended June 30, 2024 after market close on August 1, 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 Au
Q1 2024 key metrics above high end of guidance Raising 2024 revenue outlook Share repurchase authorization increased by $250 million 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 first quarter ended March 31, 2024. First Quarter Financial Highlights Total revenue increased 9% year-over-year to $584 million. Subscriptions revenue increased 10% year-over-year to $557 million. Annualized Exit Monthly Recurring Subscriptions (ARR) increased 10% year over year to $2.37 billion. Mid-market and Enterprise ARR increased 11% year over year to
RingCentral, Inc. (NYSE:RNG), a leading provider of AI-driven cloud business communications, contact center, video, and hybrid event solutions, today announced that it will report financial results for the first quarter ended March 31, 2024 after market close on May 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 1-844-274-3686 from the United States or 1-412-317-5645 internationally with reference to the company name and conference title. Following the completion of the call through 11:59 PM Eastern Time on May 1