Opportunity Is Calling for RingCentral
The market is not yet appreciating this narrow-moat company's growth prospects.
John Barrett: Last month, we initiated coverage of narrow-moat RingCentral with a fair value of $232 per share. We believe that RingCentral has plenty of opportunity ahead of it and that shares are attractively priced at current levels.
RingCentral is a best-in-class provider of unified communication as a service, or UCaaS. UCaaS provides users with an integrated software application that supports voice, video, and text communication. UCaaS solutions are easy to install and use and are replacing the phones on an employees' desks with a USB headset that plugs into the computer.
John Barrett does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.