RingCentral is a provider of software-as-a-service (SaaS) solutions for business communications.The Company's flagship product RingCentral Office is a multi-location, multi-user, enterprise-grade communications solution that enables employees to communicate through different channels and on multiple devices. The company was founded in 1999 and is based in San Mateo, California.
RNG Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for RingCentral Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that RingCentral Inc ranked in the 0th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. In terms of the factors that were most noteworthy in this DCF analysis for RNG, they are:
RingCentral Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -2.22. This coverage rate is greater than that of merely 16.49% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Relative to other stocks in its sector (Technology), RingCentral Inc has a reliance on debt greater than just 24.59% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of RingCentral Inc? See AOSL, AVID, BHE, CDAY, and MTSC.
Praising partnerships with Avaya, Atos, and Alcatel-Lucent, Morgan Stanley raises RingCentral's (RNG) price target from $280 to $300.Analyst Mata Marshall thinks growth from these partnerships will accelerate in 2021 if the macro backdrop improves and says the tie-ups make competition worries "overblown."Marshall notes that competition could put pressure on RNG's...
SANTA CLARA & BELMONT, Calif.--(BUSINESS WIRE)--Avaya (NYSE: AVYA) and RingCentral Inc. (NYSE: RNG) today announced the expansion of Avaya Cloud OfficeTM by RingCentral® across Europe, with the solution now generally available in France, Ireland, and the Netherlands. In addition, the companies also announced that they have signed their first seven-figure deal with a large United Kingdom-based Government customer. This geographic expansion of Avaya Cloud Office follows the launch of the solution
BELMONT, Calif.--(BUSINESS WIRE)-- #Cloud--RingCentral, Inc. (NYSE: RNG), a leading provider of global enterprise cloud communications, collaboration, and contact center solutions, today announced that its unified communications platform including team messaging, video meetings, and cloud phone system will now be available in Germany with a new datacenter in Frankfurt, and a new office in Hamburg, Germany. As RingCentral continues its global expansion efforts, Germany remains a key strategic location fo
Atos (AEXAY -3.9%) and RingCentral (RNG) have released Unify Office by RingCentral in France. The offering will also be available in Austria, Belgium, Ireland, Italy, Spain and The Netherlands. It allows businesses to communicate with a single enterprise solution integrating voice, video, team messaging and fax capabilities. The solution can...