RINGCENTRAL, INC. is a leading provider of cloud-based communications solutions

September 2, 2022

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RINGCENTRAL,($NYSE:RNG): RingCentral, Inc is a leading provider of cloud-based communications solutions. The company’s solutions replace legacy office phone systems or Private Branch Exchanges with a cloud-based virtual solution that enables a customer’s employees to communicate via voice, text, video/web conferencing, and fax over multiple devices including cell phones, tablets, and computers from any location. This cloud-based phone systems market, typically referred to as Unified-Communication-as-a-Service is a roughly $10 billion market today and is projected to grow to over $100 billion over the next ten years as companies move their communications systems to the cloud. The move to UCaaS adoption is being driven by both the obsolescence of PBX hardware underlying current office phone systems, and, like cloud adoption across the software stack, cloud-based phone systems being less expensive, more feature rich, and accessible anywhere. RingCentral is well positioned to capitalize on this growing market opportunity with its leading market share and strong suite of products. the company’s market and earnings will continue to grow in the long term as more companies adopt UCaaS solutions.

Stock Price

The company’s solutions include voice, video, messaging, and collaboration tools. on Thursday, RINGCENTRAL, INC. stock opened at $42.1 and closed at $42.7.

VI Analysis

Companies that are classified as ‘cheetahs’ generally have high revenue or earnings growth but are considered less stable due to lower profitability. These companies are deemed more volatile as they attempt to grow faster. In terms of RINGCENTRAL, INC., the company is strong in growth but weak in asset, dividend, and profitability. However, its intermediate health score of 5/10 with regard to cashflows and debt suggests that it might be able to pay off debt and fund future operations.

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The company offers a comprehensive and innovative suite of products that enable businesses to connect and collaborate from anywhere, anytime. RingCentral’s award-winning products are easy to use and deploy, and offer a comprehensive set of features that include voice, video, messaging, and team collaboration. The company’s shares are traded on the New York Stock Exchange under the ticker symbol “RNG.” For more information, please visit http://www.ringcentral.com.

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