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RingCentral, Inc is currently in a long term downtrend where the price is trading 5.3% below its 200 day moving average.
From a valuation standpoint, the stock is 9.4% cheaper than other stocks from the Technology sector with a price to sales ratio of 22.9.
RingCentral, Inc's total revenue rose by 32.3% to $335M since the same quarter in the previous year.
Its net income has increased by 92.8% to $-2M since the same quarter in the previous year.
Finally, its free cash flow grew by 54.9% to $-48M since the same quarter in the previous year.
Based on the above factors, RingCentral, Inc gets an overall score of 4/5.
Industry | Software-Application |
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Sector | Technology |
ISIN | US76680R2067 |
CurrencyCode | USD |
Exchange | NYSE |
Beta | 0.94 |
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Dividend Yield | 0.0% |
Target Price | 50.52 |
PE Ratio | 554.13 |
Market Cap | 3B |
RingCentral, Inc. provides cloud communications, video meetings, collaboration, and contact center software-as-a-service solutions worldwide. The company's products include RingCentral Message Video Phone (MVP) that provides a unified experience for communication and collaboration across multiple modes, including HD voice, video, SMS, messaging and collaboration, conferencing, online meetings, and fax; RingCentral Contact Center, a collaborative contact center solution that delivers AI powered omni-channel and workforce engagement solution with integrated RingCentral MVP; 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 Video, a video meeting service which includes the company's RCV video and team messaging capabilities and offers video and audio conferencing, file sharing, contact, task, and calendar management. In addition, it offers RingCentral professional services. 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. The company was incorporated in 1999 and is headquartered in Belmont, California.
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