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0 -0.00284981476204051 -0.00142490738102036 -0.00498717583357094 -0.000854944428612173 -0.00327728697634659 -0.00256483328583652 -0.00769449985750935
Stock impact report

RingCentral: Profitability Push Makes It A Top Turnaround Idea [Seeking Alpha]

RingCentral, Inc. Class A (RNG) 
Last ringcentral, inc. class a earnings: 2/10 04:05 pm Check Earnings Report
US:NYSE Investor Relations: ir.ringcentral.com
Company Research Source: Seeking Alpha
zoranm/E+ via Getty ImagesRingCentral, Inc. (NYSE:RNGERICEGHT), Cisco (CSCO), Nextiva, Zoom (ZM), and Microsoft Teams (MSFT). Started in 1999, the company is still cofounder-led by a pair of Vlads, CEO Vlad Shmunis, and CTO Vlad Vendrow, which can get a bit confusing on earnings calls.After following RingCentral closely a few years ago, I had forgotten about it until recently, when I noticed that its share price has been decimated over the past year and a half. Given that its subscription business is still growing at over 20% per year and customer retention exceeding 99%, in this article, I'd like to examine whether RNG currently presents a solid turnaround investment opportunity for 2023. I'll touch on its challenges, its valuation, and its growth potential that might offer an upside should management deliver on its lofty goals for the upcoming year.Data byYChartsA Fast-Growing Market Share LeaderRNG provides a suite of cloud-based VoIP (Voice over IP) communication and collaboration Show less Read more
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