RNG

RingCentral Inc. - Ordinary Shares - Class A

TMT


Presented:06/29/2021
Price:$302.59
Cap:$27.50B
Current Price:$32.83
Cap:$3.01B

Presented

Date06/29/2021
Price$302.59
Market Cap$27.50B
Ent Value$27.98B
P/E RatioN/A
Book Value$2.35
Div Yield0%
Shares O/S90.87M
Ave Daily Vol1,093,166
Short Int7.16%

Current

Price$32.83
Market Cap$3.01B
RingCentral, Inc. engages in the provision of global enterprise cloud communications and collaboration solutions. The firm's solutions provide a single user identity across multiple locations and devices, including smartphones, tablets, PCs and desk phones; and allow for communication across multiple modes, including high-definition voice, video, SMS, messaging and collaboration, conferencing, online meetings and fax. It sells its products under the RingCentral Professional, RingCentral Glip, and RingCentral Fax brands. The company was founded by Vlad Vendrow and Vladimir Shmunis in 1999 and is headquartered in Belmont, CA.

Publicly traded companies mentioned herein: 8x8 Inc (EGHT), Alcatel-Lucent Teletas Telekomunikasyon AS (ALCTL TI), AT&T Inc (T), Atos SE (ATO FP), Avaya Holdings Corp (AVYA), BT Group (BT/A LN), Five9 Inc (FIVN), (Microsoft Corporation (MSFT), Slack Technologies Inc (WORK), Telus Communications Inc (TU), Verizon Communications Inc (VZ), Vodafone Group plc (VOD), Zoom Communications Inc (ZM) 

Highlights

The presenter is long shares of RingCentral Inc (RNG), a pure-play SaaS company focused on unified communications as a service (UCaaS). The company has built a comprehensive cloud platform that encompasses legacy phone solutions, video conferencing, messaging, and contact center into one bundle.

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Idea Discussion

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