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Ringcentral Inc (RNG)

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Upturn Advisory Summary
02/25/2026: RNG (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $35.7
1 Year Target Price $35.7
| 6 | Strong Buy |
| 2 | Buy |
| 11 | Hold |
| 0 | Sell |
| 1 | Strong Sell |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.98B USD | Price to earnings Ratio 246.29 | 1Y Target Price 35.7 |
Price to earnings Ratio 246.29 | 1Y Target Price 35.7 | ||
Volume (30-day avg) 20 | Beta 1.23 | 52 Weeks Range 20.59 - 40.64 | Updated Date 02/25/2026 |
52 Weeks Range 20.59 - 40.64 | Updated Date 02/25/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.14 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2026-02-19 | When - | Estimate 1.14 | Actual 1.18 |
Profitability
Profit Margin 1.73% | Operating Margin (TTM) 7.47% |
Management Effectiveness
Return on Assets (TTM) 5.94% | Return on Equity (TTM) -689.33% |
Valuation
Trailing PE 246.29 | Forward PE 5.9 | Enterprise Value 4163261538 | Price to Sales(TTM) 1.19 |
Enterprise Value 4163261538 | Price to Sales(TTM) 1.19 | ||
Enterprise Value to Revenue 1.67 | Enterprise Value to EBITDA 13.25 | Shares Outstanding 75820797 | Shares Floating 74992299 |
Shares Outstanding 75820797 | Shares Floating 74992299 | ||
Percent Insiders 1.37 | Percent Institutions 110.07 |
Upturn AI SWOT
Ringcentral Inc

Company Overview
History and Background
RingCentral Inc. was founded in 1999 by Vlad Shmunis and Oleg Galkin. It started as an internet telephony service provider and has evolved into a global leader in cloud-based Unified Communications as a Service (UCaaS). Key milestones include its IPO in 2013 and the subsequent expansion of its product suite and global presence.
Core Business Areas
- UCaaS (Unified Communications as a Service): RingCentral's primary offering, providing a cloud-based platform that integrates voice, video conferencing, team messaging, collaboration, and contact center solutions for businesses.
- Contact Center as a Service (CCaaS): A specialized offering within UCaaS, focusing on providing advanced customer engagement solutions for contact centers, including AI-powered tools and omnichannel capabilities.
- Partnerships and Integrations: Developing and maintaining integrations with a wide range of business applications (e.g., Salesforce, Microsoft 365, Google Workspace) to enhance workflow and user experience.
Leadership and Structure
RingCentral is led by a management team with extensive experience in telecommunications and cloud services. Vlad Shmunis serves as Founder, Chairman, and CEO. The company operates with a matrix organizational structure, balancing functional expertise with product and regional responsibilities.
Top Products and Market Share
Key Offerings
- RingCentral MVP (Message, Video, Phone): A comprehensive UCaaS platform offering a unified solution for business communication. It includes HD voice, team messaging, video meetings, and collaboration tools. Competitors include Microsoft Teams, Zoom, Cisco Webex, and Dialpad. Market share data is typically reported at the UCaaS market level, where RingCentral is a significant player.
- RingCentral Contact Center: A cloud-based CCaaS solution designed for customer service and support. Features include omnichannel routing, workforce engagement management, AI-driven analytics, and agent productivity tools. Key competitors include Genesys, Five9, Twilio, and Salesforce Service Cloud. Specific market share for this segment is often bundled within broader CCaaS market reports.
- RingCentral Video: A standalone video conferencing and meeting solution, often used independently or as part of MVP. Competes with Zoom Meetings, Microsoft Teams, and Google Meet.
Market Dynamics
Industry Overview
The UCaaS and CCaaS markets are characterized by rapid growth, driven by digital transformation, the shift to remote and hybrid work, and the increasing demand for integrated communication and collaboration solutions. The industry is highly competitive and innovation-focused.
Positioning
RingCentral is positioned as a leading provider of UCaaS, known for its robust platform, enterprise-grade features, and strong partner ecosystem. Its competitive advantages include its cloud-native architecture, scalability, and comprehensive feature set that caters to businesses of all sizes, particularly those seeking to consolidate communication tools.
Total Addressable Market (TAM)
The global UCaaS market is projected to reach hundreds of billions of dollars in the coming years. RingCentral is a significant player within this TAM, focusing on mid-market and enterprise segments. Its position is strong due to its established platform and ongoing innovation, but it faces intense competition from larger tech giants and specialized UCaaS/CCaaS providers.
Upturn SWOT Analysis
Strengths
- Robust and scalable cloud-native UCaaS platform
- Comprehensive feature set including voice, video, messaging, and contact center
- Strong integration capabilities with popular business applications
- Established brand recognition and enterprise customer base
- Global presence and support infrastructure
Weaknesses
- Intense competition from established tech giants and emerging players
- Dependence on partner channels for certain sales and implementation
- Potential for customer churn due to pricing pressures and feature parity demands
- Complexity in managing a broad product suite for some users
Opportunities
- Continued growth in remote and hybrid work models
- Increasing demand for AI-powered features in communications
- Expansion into new geographic markets
- Strategic acquisitions to enhance product offerings or market reach
- Further development of CCaaS solutions
Threats
- Aggressive pricing strategies by competitors
- Rapid technological advancements by rivals
- Economic downturns affecting IT spending
- Data security and privacy concerns
- Market consolidation through mergers and acquisitions by competitors
Competitors and Market Share
Key Competitors
- Microsoft Corporation (MSFT)
- Zoom Video Communications Inc. (ZM)
- Cisco Systems Inc. (CSCO)
- 8x8 Inc. (EGHT)
- Dialpad Inc. (Private)
Competitive Landscape
RingCentral holds a strong position in the UCaaS market, particularly for mid-market and enterprise clients. Its comprehensive platform and focus on business-grade features are key advantages. However, it faces significant competition from Microsoft, which benefits from its vast ecosystem, and Zoom, which has strong brand recognition for video conferencing. RingCentral's ability to innovate and maintain its feature lead is crucial.
Major Acquisitions
Kite
- Year: 2019
- Acquisition Price (USD millions): 200
- Strategic Rationale: To enhance its AI capabilities, particularly in areas of natural language processing and machine learning, to improve its contact center and voice analytics offerings.
Huddl.es
- Year: 2013
- Acquisition Price (USD millions):
- Strategic Rationale: To bolster its video conferencing and collaboration capabilities, integrating them into its core UCaaS platform.
Growth Trajectory and Initiatives
Historical Growth: RingCentral has experienced substantial historical growth, transitioning from a niche player to a major UCaaS provider. This growth has been fueled by market adoption of cloud communications, strategic partnerships, and continuous product innovation.
Future Projections: Analyst projections generally indicate continued strong revenue growth for RingCentral, driven by the expanding UCaaS and CCaaS markets. Expectations often include further improvements in profitability as the company achieves greater economies of scale.
Recent Initiatives: Recent initiatives include the expansion of its AI capabilities within its platform, enhancements to its contact center solutions, and strategic partnerships to broaden its market reach and integration ecosystem.
Summary
RingCentral is a strong player in the rapidly growing UCaaS and CCaaS markets, with a robust platform and solid customer base. Its focus on innovation, particularly in AI and integrations, positions it well for continued growth. However, intense competition from tech giants and specialized providers requires continuous strategic execution and product differentiation to maintain its market leadership.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company Investor Relations Filings (SEC)
- Financial News and Analysis Websites (e.g., Bloomberg, Wall Street Journal, Reuters)
- Industry Research Reports (e.g., Gartner, IDC)
- Market Data Providers
Disclaimers:
This JSON output is for informational purposes only and does not constitute financial advice. Market share data and financial figures are based on publicly available information and may vary depending on the source and reporting period. Company valuations and competitive landscapes are dynamic and subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Ringcentral Inc
Exchange NYSE | Headquaters Belmont, CA, United States | ||
IPO Launch date 2013-09-27 | Co-Founder, CEO & Executive Chairman Mr. Vladimir G. Shmunis | ||
Sector Technology | Industry Software - Application | Full time employees 4260 | Website https://www.ringcentral.com |
Full time employees 4260 | Website https://www.ringcentral.com | ||
RingCentral, Inc., together with its subsidiaries, provides cloud business communications, contact center, video, and hybrid event solutions in North America and internationally. The company's products include RingEX, a unified communications as a service platform for collaboration across voice, messaging, and video; RingCentral Contact Center, a contact center solution that delivers omni-channel and workforce engagement solutions; and RingCX, a contact center as a service solution for customer engagement with CRM integrations. It also offers artificial intelligence (AI) solutions, such as AI Receptionist, an AI phone agent; AI Assistant, which automates conversation recaps, captures notes, and summarizes actions; RingSense for transforming conversations into actionable conversational intelligence, sentiment and trend analysis, and sales intelligence and analyzing customer interactions; AI-based Quality Management for coaching and operational insights; AI Agent Assist that provides real-time suggestions and contextual responses; AI Supervisor Assist for real-time monitoring, coaching, and sentiment analysis; and RingCentral for Microsoft Teams. In additions, the company provides RingCentral Events, which enables businesses to host virtual, hybrid, and in-person events with AI-powered engagement tools; and sells pre-configured phones and professional services. It serves a range of industries, including financial services, education, healthcare, legal services, real estate, retail, technology, insurance, construction, hospitality, and state and local government, and others. The company sells its products to enterprise customers, and small and medium-sized businesses through resellers and distributors, partners, and global service providers. RingCentral, Inc. was incorporated in 1999 and is headquartered in Belmont, California.

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