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RINGCENTRAL, INC. - RNG STOCK NEWS

Welcome to our dedicated page for RINGCENTRAL news (Ticker: RNG), a resource for investors and traders seeking the latest updates and insights on RINGCENTRAL stock.

RingCentral, Inc. (symbol: RNG) is a leading provider in the Unified Communications as a Service (UCaaS) sector, offering businesses a seamless and secure way to manage voice, fax, text, and conferencing needs regardless of their size, location, device, or budget. Established in 2003, RingCentral has developed a robust cloud computing platform that ensures reliable and mission-critical business communications.

Unlike traditional phone companies, RingCentral delivers a flexible and easy-to-manage cloud communications solution that eliminates the need for on-premise phone systems and associated hardware. This allows businesses to easily set up, access, and control their communication services online or via a mobile device.

RingCentral's core product is the RingCentral MVP (Message, Video, Phone) solution, which integrates multiple communication methods into a single platform. Additionally, the company offers a cloud-based contact center solution and a stand-alone video meetings solution, as well as webinars.

Recent achievements include major partnerships and integrations with other cloud applications, further enhancing their service flexibility and scalability. The company’s financial health is underscored by consistent investments in their technology infrastructure, which has allowed them to provide a highly reliable and adaptable communication service.

RingCentral’s transformative approach has made it a significant player in modernizing business communications, moving companies away from outdated, on-premises systems to efficient, cloud-based solutions.

News

RingCentral Appoints Prat Bhatt to Board of Directors

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RingCentral, Inc. (RNG) appoints Prat Bhatt, a technology industry veteran and financial expert, to its Board of Directors. Bhatt's extensive experience in companies like Cisco Systems and Seagate Technology brings valuable insights to RingCentral's strategic growth plans.
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RingCX Achieves Industry Leadership Recognition and Market Momentum as Businesses Prioritize AI-first Customer Service

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RingCentral's RingCX named Leader in Aragon Research Globe for Intelligent Contact Center for SMB, 2024. RingCX praised for cloud contact center capabilities, AI platform, and UCaaS functionality. Positive customer feedback and cost-effective pricing.
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RingCentral Announces Fourth Quarter and Fiscal Year 2023 Results

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RingCentral, Inc. (RNG) reports strong financial results for Q4 and FY 2023, with total ARR up 11% to $2.33 billion and enterprise ARR up 13% to over $1 billion. The company achieved record quarterly net cash provided by operating activities of $114 million. Total revenue increased 9% year over year to $571 million, with subscriptions revenue accounting for 96% of total revenue. RingCentral's CEO and CFO highlighted the company's progress in becoming an AI-first, multi-product company, delivering durable, profitable growth.
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RingCentral Modernizes Patient Care Communications for Healthcare Organizations With New EHR Integrations and Generative AI

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RingCentral (RNG) announced a unified patient care solution for healthcare organizations worldwide, with new integrations with Electronic Health Record (EHR) providers. The solution aims to bridge gaps in patient engagement, simplify workflows, and improve documentation. The new partnership with patient engagement software platform SpinSci ensures optimal and secure patient experiences. RingCentral's AI-powered communications suite offers high-touch assistance through any digital channel, providing a comprehensive 360-degree view of patient records. The solution also leverages generative AI to automate common inquiries, gather insights into operational efficiencies and patient needs, and support appointment scheduling and follow-ups.
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RingCentral Drives Momentum and Adoption Across Healthcare Organizations

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RingCentral, Inc. (NYSE: RNG) has seen a 46% increase in staff productivity, a 53% increase in staff satisfaction, and a 42% increase in HCAHPS patient satisfaction from healthcare customers using its HIPAA-compliant communications solution. The company has added over 500 new healthcare customers in the past 18 months, including Sun River Health and Heartland Dental. These organizations have chosen RingCentral for its reliability, unified communications, contact center solutions, and reputation for support. The adoption of cloud-based communications through RingCentral has enabled these healthcare organizations to enhance patient care and grow their leadership in serving key provider segments across the country.
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RingCentral Announces Date of Fourth Quarter 2023 Financial Results Conference Call

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RingCentral, Inc. (NYSE: RNG) will report Q4 2023 financial results on February 20, 2024, followed by a conference call to discuss the results. The call can be accessed via phone or webcast, with a replay available until February 27, 2024.
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Ned Segal Elected to RingCentral’s Board of Directors

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RingCentral, Inc. (NYSE: RNG) announced the election of Ned Segal to its Board of Directors, effective as of the 2023 Annual Meeting of Shareholders. Segal, a seasoned executive with over 25 years of technology and finance experience, will bring a financially-driven approach to the boardroom. He previously served as the CFO of Twitter and held various positions at Goldman Sachs. Segal's appointment aims to drive sustainable, profitable growth and deliver value for shareholders.
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RingCentral Announces Repurchase of Approximately $253 Million of Convertible Notes

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RingCentral, Inc. (NYSE: RNG) announced entering into individual, privately negotiated repurchase transactions with certain holders of the Company’s 0% Convertible Senior Notes due 2025, paying approximately $240 million in cash to repurchase approximately $253 million aggregate principal amount of the 2025 Convertible Notes using the proceeds received from the Company’s previously announced issuance of its 8.500% Senior Notes due 2030.
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RingCentral Announces Return of Vlad Shmunis as CEO

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RingCentral, Inc. (NYSE: RNG) announced the departure of Tarek Robbiati and the return of Vlad Shmunis as CEO. The company reaffirmed its fourth quarter and full year 2023 guidance on revenue, non-GAAP operating margin, and adjusted, unlevered free cash flow.
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RingCentral Named a Leader in the 2023 Gartner® Magic Quadrant™ for Unified Communications as a Service, Worldwide Report for Ninth Year in a Row

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RingCentral, Inc. (NYSE:RNG) has been recognized by Gartner as a Leader in the 2023 Magic Quadrant for Unified Communications as a Service (UCaaS), Worldwide report, making this RingCentral’s ninth year in a row being named to the Leaders quadrant. With more than 400,000 business customers worldwide, RingCentral continues to innovate by bringing the power of AI-first solutions across its product portfolio. The 2023 Gartner Critical Capabilities for UCaaS report also reveals that RingCentral is ranked #1 in three out of the six product or service use case categories.
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FAQ

What is the current stock price of RINGCENTRAL (RNG)?

The current stock price of RINGCENTRAL (RNG) is $34.87 as of November 21, 2024.

What is the market cap of RINGCENTRAL (RNG)?

The market cap of RINGCENTRAL (RNG) is approximately 3.1B.

What does RingCentral, Inc. specialize in?

RingCentral specializes in Unified Communications as a Service (UCaaS), providing voice, fax, text, and conferencing solutions.

What is RingCentral MVP?

RingCentral MVP stands for Message, Video, Phone, integrating multiple communication methods into one platform.

How does RingCentral differ from traditional phone companies?

RingCentral offers a cloud-based communications solution that eliminates the need for on-premise phone systems and hardware.

Can RingCentral services be managed online?

Yes, businesses can set up, access, and control their RingCentral services online or via a mobile device.

What additional services does RingCentral offer?

Besides RingCentral MVP, the company offers a cloud-based contact center solution, a stand-alone video meetings solution, and webinars.

What sets RingCentral’s platform apart?

RingCentral’s platform is built on a custom cloud computing infrastructure that offers flexibility, scalability, and reliability.

How does RingCentral support mission-critical communications?

RingCentral's robust cloud platform ensures high reliability and security for mission-critical business communications.

When was RingCentral established?

RingCentral was founded in 2003.

Does RingCentral integrate with other cloud applications?

Yes, RingCentral's solutions integrate with various other cloud applications, enhancing their flexibility and usability.

What recent achievements has RingCentral made?

Recent achievements include partnerships and integrations with other cloud applications and continuous investment in technology infrastructure.

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RINGCENTRAL, INC.

NYSE:RNG

RNG Rankings

#1650 Ranked by Market Cap
N/A Ranked by Dividends

RNG Stock Data

3.14B
79.06M
1.76%
104.89%
5.6%
Software - Application
Services-computer Processing & Data Preparation
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United States of America
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