Professional
Added to YB: 2024-02-22
Pitch date: 2024-02-21
RNG [bullish]
RingCentral, Inc.
+18.69%
current return
Author Info
No bio for this author
Company Info
RingCentral, Inc., an agentic voice AI–powered cloud business communication services provider, delivering an integrated platform for business phone, SMS, contact center, workforce engagement management, video collaboration, and messaging.
Market Cap
$3.2B
Pitch Price
$32.08
Price Target
51.00 (+34%)
Dividend
0.79%
EV/EBITDA
11.66
P/E
79.44
EV/Sales
1.81
Sector
Software
Category
growth
RingCentral, Inc.: Better Profitability With Enterprise Strength and Ramping New Products
RNG beats Q4 profit forecast w/ inline revenue but soft guide; Shmunis returns as CEO to drive multi-product expansion & margin growth; RingCX adds $100M ARR by 2025; FCF improves via converts buyback; $51 FVE; 9% sub rev growth to $547M; 20.5% op margin; faces giants but has loyalty & partnerships
Read full article (11 min)