RingCentral, Inc. (RNG)

RingCentral, Inc. engages in the provision of global enterprise cloud communications and collaboration solutions. The firm's solutions provide a single user identity across multiple locations and devices, including smartphones, tablets, PCs and desk phones, and allows for communication across multiple modes, including high-definition voice, video, SMS, messaging and collaboration, conferencing, online meetings and fax. It sells its products under the RingCentral Professional, RingCentral Glip, and RingCentral Fax brands. The company was founded by Vlad Vendrow and Vladimir Shmunis in 1999 and is headquartered in Belmont, CA.

Address

20 DAVIS DRIVE
BELMONT, CA 94002

Founded

1999

Number of Employees

4,084

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s )
- - - - $15,000 - - - $98,856 $316,941 $159,744 $147,635
Average Price - - - - $62.65 - - - $43.03 $31.49 $33.11 $33.89
# Shares Purchased - - - - 239,425 - - - 2,297,330 10,065,951 4,824,573 4,356,820
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date - - - - -53.7% - - - -32.6% -7.9% -12.4% -14.4%
S&P 500 Return to Date - - - - 104.9% - - - 37.3% 31.3% 7.4% 45.2%
Excess Total Return - - - - -158.6% - - - -69.9% -39.2% -19.8% -59.6%
Quartile Rank
Percentile Rank - - - - 12% - - - 19% 29% 22% 32%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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