Added to YB: 2025-01-24
Pitch date: 2024-12-09
RNG [bearish]
RingCentral, Inc.
+7.77%
current return
Author Info
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Company Info
RingCentral, Inc., an agentic voice AI–powered cloud business communication services provider, delivering an integrated platform for business phone, SMS, contact center, workforce engagement management, video collaboration, and messaging.
Market Cap
$3.2B
Pitch Price
$41.29
Price Target
N/A
Dividend
0.79%
EV/EBITDA
11.66
P/E
79.44
EV/Sales
1.81
Sector
Software
Category
N/A
RingCentral, Inc. - $RNG
RNG short: UCaaS market commoditizing, competition intensifying. Core product weakening vs peers, expensive. Covid contracts renewing, expect churn & pricing pressure. NICE partnership troubled, CCaaS growth challenged. Quality of earnings deteriorating. High SBC offsets buybacks. Debt maturities approaching. Mgmt churn concerning. Valuation implies optimistic outlook at 26x NOPAT.
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