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MarketScreener Homepage  >  Equities  >  Nyse  >  RingCentral, Inc.    RNG

RINGCENTRAL, INC.

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RingCentral : dominates Omdia's UCaaS Scorecard for fourth consecutive year

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05/19/2020 | 10:48am EDT

LONDON -- For the fourth consecutive year, RingCentral has earned the top position in Omdia's UC as a Service (UCaaS) North America Vendor Scorecard ranking for 2020.

"As the market-share leader--and a company that's proven capable of generating above-market-average growth--RingCentral has managed to come out on top of this year's scorecard by a large margin," said Diane Myers, chief analyst, enterprise communications, for Omdia. "During the past two years, RingCentral has separated itself from the pack through its continued focus on expanding its customer base, developing key strategic partnerships, filling the gaps in product development, engaging in international expansion and continuing to address large enterprise requirements."

Looking in detail at the scorecard, RingCentral earned top marks for installed base, and tied for the No.-1 spot in terms of market momentum, service development and support options.

8x8 takes the second rank

Following RingCentral in the rankings were 8x8, Verizon, Mitel, Comcast Business, Vonage, LogMeIn, Star2Star, Nextiva and Fuze.

No.-2 ranked 8x8 jumped from the fourth rank in 2018 to second place in 2019 as the company's strong growth positioned it favorably in terms of the installed base of UCaaS seats. The company's strategy to offer an integrated platform and services bore fruit in 2019 with strong results. Although 8x8 initially focused on building its UCaaS business with small organizations with workforces smaller than 100 employees, it has built a practice focused on businesses employing 100 to more than 5,000 workers. The company continues to stress expanding its midmarket and large enterprise business.

Slight shifts in top-10 providers

The UCaaS market in North America is characterized by a large and dynamic provider landscape. Merger and acquisition activities are continuing as providers aim to expand their scale, gain new capabilities and achieve long-term survivability. Furthermore, traditional PBX and UC vendors such as Cisco, Mitel, Unify, Microsoft, Alcatel-Lucent Enterprise and Avaya are continuing their push into the cloud either directly, with platform sales, or through partnerships with pure-play providers.

The top-10 providers have been fairly consistent over the past few years with a few shifts. Compared with the 2019 scorecard, LogMeIn and Fuze entered the top 10 while Windstream and Intrado (formerly West) just missed the cut.

"The consistency of the top USaaS providers indicates that many continue to do the right things, in some cases expanding through acquisitions and growing organically to maintain their market positions," Myers said.

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About Omdia

Omdia is a global technology research powerhouse, established following the merger of the research division of Informa Tech (Ovum, Heavy Reading and Tractica) and the acquired IHS Markit technology research portfolio*.

We combine the expertise of over 400 analysts across the entire technology spectrum, analyzing 150 markets publishing 3,000 research solutions, reaching over 14,000 subscribers, and covering thousands of technology, media & telecommunications companies.

Our exhaustive intelligence and deep technology expertise allow us to uncover actionable insights that help our customers connect the dots in today's constantly evolving technology environment and empower them to improve their businesses - today and tomorrow.

###

Omdia is a registered trademark of Informa PLC and/or its affiliates. All other company and product names may be trademarks of their respective owners. Informa PLC registered in England & Wales with number 8860726, registered office and head office 5 Howick Place, London, SW1P 1WG, UK. Copyright © 2020 Omdia. All rights reserved.

*The majority of IHS Markit technology research products and solutions were acquired by Informa in August 2019 and are now part of Omdia.

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(C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE

Stocks mentioned in the article
ChangeLast1st jan.
LOGMEIN, INC. 0.03% 85.54 Delayed Quote.-0.44%
RINGCENTRAL, INC. -0.73% 288.54 Delayed Quote.72.40%
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Financials (USD)
Sales 2020 1 120 M - -
Net income 2020 -182 M - -
Net Debt 2020 269 M - -
P/E ratio 2020 -143x
Yield 2020 -
Capitalization 25 561 M 25 561 M -
EV / Sales 2019
EV / Sales 2020 23,1x
Nbr of Employees 2 363
Free-Float 86,5%
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Mean consensus BUY
Number of Analysts 25
Average target price 285,54 $
Last Close Price 290,79 $
Spread / Highest target 11,8%
Spread / Average Target -1,80%
Spread / Lowest Target -15,7%
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NameTitle
Vladimir G. Shmunis Chairman & Chief Executive Officer
Anand Eswaran President & Chief Operating Officer
Mitesh Dilip Dhruv Chief Financial Officer
Vlad Vendrow Chief Technology Officer
Trevor Schulze Chief Information Officer
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