RingCentral Management
Management criteria checks 2/4
RingCentral's CEO is Vlad Shmunis, appointed in Jan 1999, has a tenure of 27.58 years. total yearly compensation is $14.57M, comprised of 3.4% salary and 96.6% bonuses, including company stock and options. directly owns 6.72% of the company’s shares, worth $353.63M. The average tenure of the management team and the board of directors is 1.5 years and 5.8 years respectively.
Key information
Vlad Shmunis
Chief executive officer
US$14.6m
Total compensation
| CEO salary percentage | 3.43% |
| CEO tenure | 27.6yrs |
| CEO ownership | 6.7% |
| Management average tenure | 1.5yrs |
| Board average tenure | 5.8yrs |
Recent management updates
Recent updates
Narrative Update • Aug 08
RNG: Partnership Gains And Dividend Policy Will Support Future Upside
Analysts have raised their fair value estimate for RingCentral to about $59.18 from $55.00, citing higher Street price targets after recent research highlighted a solid quarter, strengthened partnerships, and updated guidance. Analyst Commentary Recent Street research on RingCentral points to a more constructive tone, with several bullish analysts adjusting their price targets higher after the latest quarterly report and guidance update.
Narrative Update • Jul 24
RNG: Partnership Reliance And Neutral Stance Will Likely Cap AI Upside
Analysts have lifted RingCentral's implied fair value estimate from $31.49 to $38.00. This reflects a series of higher price targets clustered around $40 to $43 after what they describe as a solid, slightly better than expected quarter and updates to key partnerships and guidance.Seeking Alpha • Jul 24
RingCentral: FCF Growth Amid AI Sales Pivot Is Impossible To Ignore
Summary RingCentral offers a compelling AI-driven growth story, with shares up ~40% YTD and a recent Q2 beat-and-raise. RNG’s AI contact center products are driving >100% net retention and higher average revenue per customer. Valuation remains attractive: RNG trades at modest multiples with a $4.32 billion enterprise value and robust mid-20s EBITDA/FCF margins. I reiterate a "Buy" rating, citing deep market opportunity, diversified partnerships, and rising free cash flow supporting further gains. Read the full article on Seeking AlphaNarrative Update • Jul 06
RNG: AI Adoption And Margin Expansion Will Support Future Upside
RingCentral's analyst price target has moved from $45.78 to $55.00 as analysts point to updated assumptions around revenue growth, profit margins, discount rates and future P/E multiples, which are reflected in recent target hikes from several firms. Analyst Commentary Recent research commentary on RingCentral points to a cluster of higher price targets, with several bullish analysts revisiting their models to reflect updated views on the company’s revenue trajectory, profitability path and valuation multiples.Narrative Update • Jun 22
RNG: Higher Rate Sensitivity Will Likely Restrain AI Margin Upside
The analyst price target for RingCentral has been revised from $29.00 to about $31.49, with analysts citing updated assumptions around profit margins and future P/E expectations as key drivers of the change. Analyst Commentary Recent Street research on RingCentral points to a more tempered view of the stock, even as price targets have been recalibrated.
Narrative Update • Jun 04
RNG: AI Execution And Cash Discipline May Balance P E And Competitive Risks
RingCentral’s analyst price target has been updated in line with recent $7 to $11 price target revisions from multiple firms, with analysts pointing to their latest assessments of growth, profitability and future P/E assumptions as key drivers. Analyst Commentary Recent price target revisions between $7 and $11 are tied to fresh views on RingCentral’s growth profile, profitability path and where its P/E could reasonably sit based on execution against current expectations.Narrative Update • May 21
RNG: AI Adoption And Free Cash Flow May Offset Future Pricing Pressure
RingCentral's analyst price target has shifted higher from about $37.47 to $45.40. Analysts point to updated assumptions around revenue growth, profit margins, future P/E and recent research highlighting solid Q4 results, growing AI adoption and free cash flow trends as key supports for the change.Narrative Update • May 03
RNG: Future Enterprise Pricing Pressure Will Outweigh AI And Cash Flow Benefits
RingCentral's analyst price targets have moved higher into a roughly $32 to $38 range, as analysts point to solid Q4 results, steady revenue trends, and improving free cash flow, while also highlighting future pricing pressure in Enterprise. Analyst Commentary Recent Street research on RingCentral clusters around a more constructive view of the company’s execution, tempered by concerns about future pricing and the quality of growth.Narrative Update • Apr 19
RNG: AI Traction And Free Cash Flow Will Offset Future Pricing Risk
Narrative update on RingCentral Analysts have nudged the blended price target for RingCentral higher by about $1.77 to roughly $37.47. This reflects updated models after what they describe as solid Q4 results, improving free cash flow and growing traction in AI enabled products, even as some flag future Enterprise pricing pressure.Narrative Update • Apr 04
RNG: 2026 Enterprise Pricing Pressure Will Likely Restrain AI Optimism
Analysts have nudged RingCentral's average price target higher by about $5 to the mid $30s, citing solid Q4 results, improving free cash flow and growing adoption of its AI enabled multi product platform as key supports for the updated view. Analyst Commentary Recent research updates point to a mixed backdrop for RingCentral, with several firms lifting price targets after what they describe as solid Q4 results and steady progress on free cash flow and AI driven products.Narrative Update • Mar 21
RNG: Enterprise Pricing Pressure In 2026 Will Likely Cap Upside Potential
The analyst price target for RingCentral has been raised by $2 to $29, reflecting models that now assume slightly higher revenue growth and a lower future P/E. This is supported by recent Q4 reports that analysts describe as solid, with improving free cash flow and growing traction in AI driven products.Narrative Update • Mar 09
RNG: Future Pricing Pressure And AI Execution Risk Will Limit Upside
Analysts have nudged their average price target for RingCentral higher to about $35.70 from roughly $33.24. They point to recent Q4 results, improving free cash flow, and an updated earnings profile with higher profit margin assumptions and a lower future P/E as key supports for the shift.Narrative Update • Mar 05
RNG: AI Platform And Free Cash Flow Will Support Future Upside
Narrative Update Our updated narrative reflects a higher analyst price target for RingCentral, rising by $3.46, as analysts point to solid Q4 results, improving free cash flow, and growing traction in multi-product and AI-powered offerings, while still flagging future pricing pressure and revenue growth that remains in the mid-single digits. Analyst Commentary Recent Street research around RingCentral centers on a cluster of higher price targets following Q4 results, with most firms maintaining Neutral or positive ratings while highlighting both execution on cash generation and ongoing questions about pricing and growth beyond the near term.Narrative Update • Feb 19
RNG: AI Voice Partnership Will Support Future Profitability Despite Minor Model Revisions
Analysts have trimmed their average $ fair value estimate for RingCentral by about $0, keeping it close to $42 while modestly adjusting assumptions around the discount rate, revenue growth, profit margin and future P/E to reflect the latest research, including a $1 price target cut cited in recent Street commentary. Analyst Commentary Bullish analysts are treating the recent $1 trim to the headline price target as a fine tuning of models rather than a shift in their broader view, keeping fair value expectations clustered around the current US$42 estimate.Narrative Update • Feb 05
RNG: AI Communications Partnership And Buybacks Will Support Future Profitability
The latest analyst update trims the RingCentral price target by about US$1, as modest changes in the modeled discount rate, revenue growth, profit margin, and future P/E assumptions lead analysts to fine-tune their fair value estimates. Analyst Commentary Recent commentary points to a relatively measured adjustment, with the US$1 trim in the price target framed more as a technical tweak rather than a major shift in conviction on the stock.Narrative Update • Jan 22
RNG: AI Customer Engagement Suite And Buybacks Will Support Future Profitability
Analysts now see RingCentral's fair value edging to about $42.32 per share from roughly $41.94, reflecting updated views on revenue growth, margins, discount rates and future P/E after recent research that included a $1 price target reduction at Morgan Stanley. Analyst Commentary Recent commentary circles around how RingCentral can justify its current fair value estimate near $42.32 per share, especially after the modest $1 trim to a major firm’s price target.Narrative Update • Jan 08
RNG: AI Customer Engagement Expansion Will Support Future Profitability Momentum
Analysts have adjusted their price targets on RingCentral, citing updated assumptions around revenue growth, profit margin, discount rate and a higher future P/E multiple. These changes collectively translate into a refreshed valuation view expressed in US$ terms, even though the core fair value estimate remains at US$41.94.Narrative Update • Dec 15
RNG PBX Migration Tailwind Will Support AI And Profitability Momentum
Analysts have trimmed their price target on RingCentral to approximately $42 from about $47. This reflects more conservative assumptions for revenue growth and valuation multiples, even as they acknowledge a stabilizing competitive backdrop and improving profitability.
New Narrative • Apr 30
AI-Powered RingCX And Market Expansion Will Create Future Opportunities
RingCentral's AI-powered solutions and market expansion are driving significant revenue growth and capturing market share.Seeking Alpha • Mar 20
RingCentral Benefits As AI Technologies Get Less Expensive
Summary RingCentral's positive GAAP operating earnings and pre-tax earnings in 4Q 2024 mark a significant milestone, driven by cost optimization and AI tool development. The company is expanding its AI-enabled product suite, enhancing features like call transcriptions, IVA, and CRM integration, benefiting from decreasing AI technology costs. Management expects ARR from new services to double by end-2025, with international expansion and strong UCaaS market position driving future growth. We rate RingCentral stock as a BUY at $68 per share, based on a 2025 EBITDA outlook and a target EV/EBITDA multiple of 22x. Read the full article on Seeking AlphaSeeking Alpha • Jan 20
RNG: Expect Good Returns With Downside Protection
Summary RingCentral faces strong competition from Microsoft Teams but is able to differentiate through their more complete call center capabilities. Comparing RingCentral to 8x8, the former shows better operational metrics. The market is assigning a negative growth rate for RingCentral's future. I predict positive growth that will expand RingCentral's multiples and produce strong returns. Read the full article on Seeking AlphaSeeking Alpha • Jan 07
RingCentral: Stock Poised To Outperform In 2025
Summary RingCentral's recent 17% stock correction to $35 presents a buying opportunity, given its undervaluation and strong expected revenue/earnings growth. The company offers comprehensive cloud communication solutions, including AI-powered contact centers and video meeting services, enhancing business communication and customer engagement. RingCentral's improved gross margin and reduced expenses indicate a likely path to profitability in 2025. RingCentral's strong growth, new profitability, and bargain valuation could drive the stock to outperform in 2025. Read the full article on Seeking AlphaSeeking Alpha • Nov 19
RingCentral: Under The Radar Pick -- Reiterating Buy
Summary We're putting RingCentral, Inc. on investors' radar for next year. We think RingCentral’s UCaaS platform with AI integration enhances its positioning to boost its total ARR growth in FY25. We also think management is executing strategically to boost its profitability and support further Free Cash Flow expansion. Our positive outlook on RingCentral for next year is based on our belief that its customer base (mid-market and enterprise) will see more comfortable spend as the economy recovers. Read the full article on Seeking AlphaCEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2026 | n/a | n/a | US$110m |
| Mar 31 2026 | n/a | n/a | US$84m |
| Dec 31 2025 | US$15m | US$500k | US$43m |
| Sep 30 2025 | n/a | n/a | US$13m |
| Jun 30 2025 | n/a | n/a | -US$12m |
| Mar 31 2025 | n/a | n/a | -US$40m |
| Dec 31 2024 | US$15m | US$376k | -US$58m |
| Sep 30 2024 | n/a | n/a | -US$98m |
| Jun 30 2024 | n/a | n/a | -US$133m |
| Mar 31 2024 | n/a | n/a | -US$139m |
| Dec 31 2023 | US$21m | US$5k | -US$165m |
| Sep 30 2023 | n/a | n/a | -US$402m |
| Jun 30 2023 | n/a | n/a | -US$645m |
| Mar 31 2023 | n/a | n/a | -US$783m |
| Dec 31 2022 | US$20m | US$5k | -US$879m |
| Sep 30 2022 | n/a | n/a | -US$713m |
| Jun 30 2022 | n/a | n/a | -US$576m |
| Mar 31 2022 | n/a | n/a | -US$527m |
| Dec 31 2021 | US$19m | US$5k | -US$376m |
| Sep 30 2021 | n/a | n/a | -US$260m |
| Jun 30 2021 | n/a | n/a | -US$134m |
| Mar 31 2021 | n/a | n/a | -US$22m |
| Dec 31 2020 | US$19m | US$5k | -US$83m |
| Sep 30 2020 | n/a | n/a | -US$106m |
| Jun 30 2020 | n/a | n/a | -US$98m |
| Mar 31 2020 | n/a | n/a | -US$108m |
| Dec 31 2019 | US$10m | US$141k | -US$54m |
Compensation vs Market: Vlad's total compensation ($USD14.57M) is above average for companies of similar size in the US market ($USD8.29M).
Compensation vs Earnings: Vlad's compensation has been consistent with company performance over the past year.
CEO
Vlad Shmunis (65 yo)
27.6yrs
Tenure
US$14,566,326
Compensation
Mr. Vladimir G. Shmunis, also known as Vlad, is Advisor of FTD Solutions, INC. Mr. Shmunis serves as Chief Executive Officer and Chairman at RingCentral, Inc. since December 8, 2023. He co-founded Ringcent...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 27.6yrs | US$14.57m | 6.72% $ 353.6m | |
| President & COO | 1.5yrs | US$12.39m | 0.36% $ 19.1m | |
| Chief Financial Officer | 1yr | US$5.86m | 0.20% $ 10.7m | |
| Chief Administrative Officer | 17.3yrs | US$4.34m | 0.67% $ 35.2m | |
| Co-Founder & CTO | 35.6yrs | no data | 3.63% $ 190.8m | |
| Chief Accounting Officer | 1.5yrs | no data | 0.10% $ 5.4m | |
| Vice President of Investor Relations | no data | no data | no data | |
| Executive VP and GM of CX & AI | 1.5yrs | no data | no data | |
| Executive VP & GM of Global Service Providers | 1.5yrs | no data | no data | |
| Executive VP and General Manager of Direct & Channel | 1.5yrs | no data | no data | |
| MD of India & Head of Engineering | 3.2yrs | no data | no data | |
| Executive VP of Systems & Technology | 2.6yrs | no data | no data |
1.5yrs
Average Tenure
57yo
Average Age
Experienced Management: RNG's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder | 27.6yrs | US$14.57m | 6.72% $ 353.6m | |
| Independent Director | 9.2yrs | US$236.72k | 0.045% $ 2.4m | |
| Independent Director | 15yrs | US$236.72k | 0.031% $ 1.6m | |
| Lead Independent Director | 2.4yrs | US$613.68k | 0.028% $ 1.5m | |
| Independent Director | 1.7yrs | US$800.45k | 0.012% $ 646.1k | |
| Director | less than a year | US$137.00 | 0% $ 0 |
5.8yrs
Average Tenure
63yo
Average Age
Experienced Board: RNG's board of directors are considered experienced (5.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/10 15:43 |
| End of Day Share Price | 2026/08/07 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
RingCentral, Inc. is covered by 33 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| William Power | Baird |
| Michael Funk | BofA Global Research |
| Matthew VanVliet | BTIG |