|Over a week ago|
Nice upgraded to Overweight on selloff, cloud pivot at JPMorgan » 07:2106/0906/09/21
NICE, FIVN, RNG
JPMorgan analyst Paul…
JPMorgan analyst Paul Coster upgraded Nice (NICE) to Overweight from Neutral with a price target of $260, down from $261. The 23% share decline year-to-date "yields a GARP buying opportunity," Coster tells investors in a research note. The analyst believes Nice's cloud pivot should lead to a "positive re-rating" and that the stock's discount to "fast-growth near-peers" Five9 (FIVN) and RingCentral (RNG) looks unjustified.
RingCentral director Theis sells 2,000 class A shares » 17:4906/0106/01/21
In a regulatory filing,…
In a regulatory filing, RingCentral director Robert Theis disclosed the sale of 2,000 class A common shares of the company on May 27 at a price of $260.66 per share.
RingCentral announces partnership with Deutsche Telekom » 06:0506/0106/01/21
RingCentral (RNG) announced a partnership with Deutsche Telekom (DTEGY) to transform business communications for customers of all sizes. With Deutsche Telekom's extensive network presence and RingCentral's deep Unified Communications as a Service and Contact Center as a Service capabilities, the partnership will deliver mobility-centric, flexible, easy to use, and secure cloud communication solutions. This will bring the benefits of next-generation communications and collaboration capabilities to companies of every size. As a first step, the partnership will offer Deutsche Telekom's customers a co-branded version of RingCentral Video as a lead stand-alone video solution, which delivers reliable, secure, open, video meetings and team messaging based on RingCentral's leading Message Video Phone platform. Deutsche Telekom will introduce the new solution to customers in the second half of 2021.
Fly Intel: What to watch in Salesforce earnings report » 10:3005/2705/27/21
CRM, NSP, FERG, KO, RNG, SONO, WORK
Salesforce (CRM) is…
RingCentral initiated with a Neutral at UBS » 07:4505/2705/27/21
UBS analyst Taylor…
UBS analyst Taylor McGinnis initiated coverage of RingCentral with a Neutral rating and $275 price target. While her checks suggest that UCaaS competitive landscape is undergoing "significant and fluid changes", she prefers to wait for theevidence that "solidifies" RingCentral's leading position, the analyst tells investors in a research note.
RingCentral price target lowered to $400 from $450 at BTIG » 06:1305/2605/26/21
BTIG analyst Matt…
BTIG analyst Matt VanVliet lowered the firm's price target on RingCentral (RNG) to $400 from $450 but keeps a Buy rating on the shares. The analyst is positive on the company's renewed partnership with NICE (NICE) which he views as a reflection of CCaaS demand across the industry, stating the deal solidifies the joint GTM and product evolution, and is likely to push the combo platform into other RingCentral partnerships over time. VanVliet attributes his price target adjustment to the pullback in group multiples, however.
RingCentral pact with Nice not 'transformative,' but 'important,' says Jefferies » 13:3805/2505/25/21
After RingCentral (RNG)…
After RingCentral (RNG) and Nice (NICE) announced this morning a multi-year expansion and extension of their long-term agreement to market and sell RingCentral Contact Center worldwide, Jefferies analyst Samad Samana said this should be viewed as "an important announcement," but also one that is "largely incremental rather than transformative." This partnership creates a strong competitive offering and the new pact signals "a commitment from both companies to investors, and more importantly, to customers," according to Samana, who keeps a Buy rating and $475 price target on RingCentral shares.
RingCentral, NICE expand and extend partnership » 07:0605/2505/25/21
RingCentral (RNG) and…
RingCentral (RNG) and NICE (NICE) announced a multi-year expansion and extension of their long-term agreement to market and sell RingCentral Contact Center worldwide. Capitalizing on the accelerated trend of customers purchasing UCaaS and CCaaS together, RingCentral and NICE are expanding their partnership to bring the combined benefits of their market leading solutions, along with all future innovation and new geographies. RingCentral Contact Center integrates NICE's CXone cloud contact center with RingCentral's cloud Message Video Phone (MVP platform. It brings together two recognized industry leaders, providing companies with a trusted, secure, reliable customer communications and engagement solution that drives loyal customer relationships and stronger business outcomes. RingCentral Contact Center enables contact center agents to assist customers across both digital and voice channels. The deep, network-level integration of RingCentral's MVP platform and NICE CXone offers significant savings and unique benefits including improved collaboration between contact center agents and other employees. "We enable organizations to delight their customers in every interaction with outstanding service," said Anand Eswaran, president and chief operating officer at RingCentral. "We believe it is critical to equip contact center agents and company employees with the right tools, insights, and capabilities to communicate internally and assist customers quickly and efficiently - via any mode, any device, anywhere. By combining RingCentral's industry leading MVP platform with NICE CXone, RingCentral can deliver a best-in-class integrated UCaaS-CCaaS solution that is unique in the industry. Our customers value the fact that RingCentral is a single provider that sells, deploys and supports all of their internal and external communication needs." NICE and RingCentral have been in partnership since 2015 and together already have over 1,000 joint customers globally across a variety of industries including healthcare, retail, financial services, and the public sector.
RingCentral recent selloff brings buying opportunity, says Mizuho » 06:4105/2005/20/21
Mizuho analyst Siti…
Mizuho analyst Siti Panigrahi reiterates a Buy rating on RingCentral with a $400 price target after hosting meetings with management. With its partnerships "gaining meaningful traction," a large target market transitioning to the cloud, and its tech stack "meaningfully differentiated," RingCentral remains well positioned to drive "robust sustainable growth," Panigrahi tells investors in a research note. The analyst believes the current share price level presents a buying opportunity following the recent selloff.
|Over a month ago|
RingCentral management to meet virtually with Mizuho » 04:5505/1905/19/21
Virtual Meeting to be…
Virtual Meeting to be held on May 19 hosted by Mizuho.