All smiles? Despite cracking results, RingCentral s investors still weren t happy.
The US-based company, which launched its own jauntily named, Zoom-like video service called Glip in December last year, has just revealed its financial results for the fourth quarter of 2020, a period described as outstanding by Vlad Shmunis, RingCentral s founder, chairman and CEO.
It s tough out there
Nevertheless, as noted by Barron s, despite the good results RingCentral was gently punished by the market for not doing well enough, leading to a modest dip in its share price.
According to the financial and investment news specialist, while results topped estimates and guidance exceeded previous expectations, investors apparently wanted more than the company delivered.
RingCentral (RNG) Q4 2020 Earnings Call Transcript
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CEOs of Zoom, Microsoft, NexTech AR, 8X8 and RingCentral discuss 2020 s communication revolution
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Any Pullback on RingCentral Is a Buying Opportunity Although bullish longer term, the short-term charts show RNG could pull back to retest the upper end of its long consolidation pattern. Stocks quotes in this article: RNG, ZM, MSFT
For his third and final Executive Decision segment of Mad Money Tuesday night, Jim Cramer checked in with Vlad Shmunis, chairman and CEO of RingCentral Inc. (RNG) , the video conferencing and communications platform.
Shmunis said RingCentral s mission is not about competing with the likes of Zoom Video (ZM) or Microsoft (MSFT) Teams, it is providing their customers with a complete communications platform that works for today s world.