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RingCentral Inc Class A RNG

Rating as of

Morningstar’s Analysis

Valuation
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

RingCentral’s Partnership Network Enables Strong Growth Runway Ahead; FVE up to $382

Dan Romanoff, CPA Equity Analyst

Analyst Note

| Dan Romanoff, CPA |

Narrow-moat RingCentral reported strong second-quarter results that exceeded both the high-end of management’s guidance and our expectations in revenue and non-GAAP operating margin. RingCentral benefited from heightened demand for Unified Communications-as-a-Service, or UCaaS, solutions and significant partnership network expansion.

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Company Profile

Business Description

RingCentral is a unified-communication-as-a-service, or UCaaS, provider. RingCentral’s software provides an easy-to-use, integrated communication application that allows for a single user experience across mobile and desktop applications. The software lets businesses communicate and collaborate using voice, video, text, Internet messaging, and conference calls on a single platform. Ninety percent of RingCentral’s revenue comes from its RingCentral Office application, which is available in four tiers based on integration needs and the number of employees. The company was founded in 1999 and its headquarters are in Belmont, California.

Contact
20 Davis Drive
Belmont, CA, 94002
T +1 650 472-4100
Sector Technology
Industry Software - Application
Most Recent Earnings Jun 30, 2021
Fiscal Year End Dec 31, 2021
Stock Type Distressed
Employees 3,140

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