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Morningstar•May 04, 2021
Morningstar•May 04, 2021RingCentral, Inc.: Narrow-Moat RingCentral Is Paving the Way for Cloud Communications; Maintaining $366 FVE
Summary
RingCentral is a unified-communication-as-a-service, or UCaaS, provider. RingCentral’s software provides an easy-to-use, integrated communication application that allows for a single user experience across mobile and desktop applications. The software lets businesses communicate and collaborate using voice, video, text, Internet messaging, and conference calls on a single platform. Ninety percent of RingCentral’s revenue comes from its RingCentral Office application, which is
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Analyst Profile
Nupur Balain
Associate Equity AnalystNupur Balain is an associate equity analyst on the financial-services team for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. She assists in the coverage of banking and real estate firms.Before joining Morningstar in 2019, Balain completed internships in investment banking at Credit Suisse as well as trade operations at Apollo Global Management.Balain holds a bachelor's degree in economics and drama from Vassar College.