Out of 15 analysts, 10 (66.67%) are recommending RNG as a Strong Buy, 2 (13.33%) are recommending RNG as a Buy, 3 (20%) are recommending RNG as a Hold, 0 (0%) are recommending RNG as a Sell, and 0 (0%) are recommending RNG as a Strong Sell.
Correspondingly, Why is RNG stock going down? Price target cuts weigh on shares. RingCentral (NYSE:RNG) shares fell sharply on Wednesday as the workflow management company posted better-than-expected fourth-quarter earnings and strong guidance, but a number of analysts cut their price targets, despite the positive results.
Is RingCentral a buy? RingCentral has received a consensus rating of Buy. The company’s average rating score is 2.90, and is based on 17 buy ratings, 3 hold ratings, and no sell ratings.
Furthermore, Is RNG overvalued?
PB vs Industry: RNG is overvalued based on its PB Ratio (31.1x) compared to the US Software industry average (4.2x).
Is RingCentral undervalued?
RingCentral is one of the most undervalued stocks in the market when we compare its price to Wall Street’s average target price of $407, which is 85% higher than the current market price.
Is Ring Central profitable? Revenue: Total revenue was $415 million for the third quarter of 2021, up from $304 million in the third quarter of 2020, representing 37% growth. Subscriptions revenue of $385 million increased 38% year over year and accounted for 93% of total revenue.
Is RingCentral a US company? Belmont, California, U.S. RingCentral, Inc. is an American publicly traded provider of cloud-based communication and collaboration products and services for businesses. RingCentral CEO Vlad Shmunis and CTO Vlad Vendrow founded the company in 1999.
What is better than RingCentral? 9 Best RingCentral Alternatives and Competitors
- Vonage. Originally, called Min-X when it was launched in 2001, Vonage is one of the business VoIP providers that are widely recognizable, even outside the industry. …
- Nextiva. …
- 8×8. …
- GoToConnect. …
- Dialpad. …
- Mitel. …
- Intermedia.
What is the difference between RingCentral and zoom?
The fundamental difference between Zoom and RingCentral is that Zoom is a video-first communications platform while RingCentral is a voice-first platform. Zoom’s focus on video positions it as a platform for the future of business communications.
Is RingCentral owned by Zoom? The Zoom-RingCentral partnership started in October 2013. It let RingCentral resell Zoom’s service in products with the tagline « powered by Zoom. » RingCentral launched Video in April 2020 and immediately began offering it or Meetings to new customers. Older customers also had the option of either product.
Is RingCentral owned by AT&T?
AT&T is the second major mobile operator in the US to partner with RingCentral. In May, Verizon announced plans to combine RingCentral’s cloud-based messaging, video, and phone service with Verizon’s 5G, mobile edge computing, SD WAN, and security services.
Who bought RingCentral? Demonstrating its commitment and excitement about the partnership, Mitel’s existing investor group led by affiliates of Searchlight will invest $200 million in equity in RingCentral as part of the transaction.
Who uses RingCentral?
What Are The Companies That Use RingCentral? The list of companies using RingCentral includes Oakland A’s, Canal+, Insureon, New Relic, BMJ, W2O, and over 400000 other organizations.
Who is RingCentral’s biggest competitor?
Competitors and Alternatives to RingCentral MVP
- Microsoft Teams.
- Google Chat.
- Nextiva Business Communication Suite.
- Vonage Business Communications (VBC)
- Zoom Meetings.
- Dialpad Talk.
- 8×8 X Series.
- Webex Calling.
Who are competitors to Ring Central? Competitors and Alternatives to RingCentral
- 8×8.
- Microsoft.
- AT&T.
- Avaya.
- Google.
- Vonage.
- Cisco.
- Zoom.
Why is RingCentral over Zoom? In a nutshell, both apps are great for video meetings, but I’ve found that their focus is slightly different. While RingCentral focuses on providing unified communications solutions based on its VoIP ecosystem, Zoom is more concerned with quick video and audio meetings.
Who owns RingCentral?
RingCentral CEO and cofounder Vlad Shmunis is worth $1.3 billion by Forbes’ estimate. Ukrainian-born entrepreneur Vlad Shmunis is now a billionaire, thanks to a recent deal inked by RingCentral, his cloud-based communications company.
Who Bought Zoom? Real Time Net Worth
He was previously a manager of WebEx at Cisco, which acquired the video conferencing company in 2007. Born in China, Yuan move to Silicon Valley in 1997 after eight failed attempts to obtain a visa. At the IPO, Yuan owned 22% of Zoom, which was valued at just over $9 billion before trading began.
Is RingCentral safe?
Is RingCentral safe? RingCentral uses seven layers of security and redundant data centers to ensure user protection and high availability, and it has experts monitoring and optimizing the platform 24/7 to ensure service remains at the highest level possible, with available 99.999% uptime SLA.
What is RingCentral used for? RingCentral for Desktop is a comprehensive communications solution with voice, fax, text, conferencing, and web meetings. No need to use separate applications for your day-to-day calls, conferencing, and online meetings.
What is the point of Ring Central?
RingCentral for Desktop is a comprehensive communications solution with voice, fax, text, conferencing, and web meetings. No need to use separate applications for your day-to-day calls, conferencing, and online meetings.
Does RingCentral work in India? Making our mark. In August, 2021, RingCentral was granted a Unified License by the Indian Department of Telecommunications, which will make the company able to offer message, video and phone services, as well as contact center as-a-service (CaaS).
Is Dialpad safe? Dialpad’s comprehensive approach to security utilizes the Google Cloud Platform. Your data is always protected by the 256-bit Advanced Encryption Standard inside redundant storage at several physical locations for both security and availability purposes.
What is dialpad talk?
Dialpad Talk is a cloud-based phone system that makes connecting teams easier with voice, messaging, and integrations across your existing devices.
How many subscribers does ringcentral?
RingCentral Announces Fourth Quarter 2020 Results
| TABLE 2 | ||
|---|---|---|
| RINGCENTRAL, INC. | ||
| Subscriptions | 67,305 | 160,320 |
| Other | 23,907 | 70,723 |
| Total cost of revenues | 91,212 | 231,043 |
• 16 févr. 2021
