RNG

RingCentral Inc

TMT


Presented:05/26/2015
Price:$16.97
Cap:N/A
Current Price:$32.83
Cap:$3.01B

Presented

Date05/26/2015
Price$16.97
Market CapN/A
Ent Value$0.94B
P/E RatioN/A
Book Value$1.34
Div YieldN/A
Shares O/S68.56M
Ave Daily Vol431,752
Short Int3.92%

Current

Price$32.83
Market Cap$3.01B
RingCentral, Inc. provides software-as-a-service solutions for business communications. The company's services include RingCentral Office, a multi-location, multi-user, enterprise-grade communications solution that enables employees to communicate through voice, text, HD video and Web conferencing, and fax on devices, including smartphones, tablets, PCs, and desk phones for businesses that require a communications solution; RingCentral Professional, an inbound call routing service with text and fax capabilities for smaller businesses; and RingCentral Fax solution that provides Internet fax capabilities, which allow businesses to send and receive fax documents without the need for a fax machine. It serves advertising, consulting, finance, healthcare, legal, real estate, retail, and technology industries through its direct sales representatives and resellers. RingCentral was founded by Vlad Vendrowin and Vladimir Shmunis in 1999 and is headquartered in San Mateo, CA.

Publicly traded companies mentioned herein: RingCentral Inc. (RNG), Vonage (VG), BroadSoft (BSFT), AT&T (T), British Telecom (BT), Telus (TU), Salesforce (CRM), Eight by Eight (EGHT), Microsoft (MSFT) and Google (GOOGL).

Highlights

RingCentral provides unified communications as a service. The company offers a technology platform sold on a subscription basis that vastly improves the functionality around phone usage, and additionally provides integration capabilities with multiple productivity applications. Currently operating in the SMB space, the company is looking to move upmarket from generally smaller, fewer than 10-15 employee businesses to larger enterprises employing 50-100 individuals. After coming public in 2013, the company soon after followed with a secondary offering in early 2014, causing the stock to decline several quarters in a row despite solid execution overall. RNG is in the midst of battling an ongoing perception issue, according to the presenter, with many investors continuing to define the company as a mere telco provider, and he believes the stock is poised to outperform once its story and business metrics are better understood by the market. 

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