RingCentral shares drop 27.6% YTD, but strong AI product adoption and growth expected

From NASDAQ.: 2025-04-02 12:29:00

RingCentral’s shares have dropped 27.6% year-to-date, underperforming peers like Microsoft, Zoom Communication, and Cisco Systems in the AI-driven communication technology sector. Despite challenges, RNG benefits from strong AI product adoption and expanding portfolio with RingCX and RingSense.

RNG’s launch of AI Receptionist and partnerships with companies like AT&T and Cox Business are driving growth. Strong demand for Unified Communications and contact center software-as-a-service solutions are boosting RNG’s prospects.

For Q1 2025, RingCentral expects revenues of $607-$612 million, with a Zacks Consensus Estimate suggesting 4.54% growth. With a Zacks Rank #1 and A Growth Score, RNG is seen as a compelling investment opportunity.

A Zacks expert has picked RNG as a top stock to potentially double in 2025. Most stocks in the report are under the radar, offering a ground-floor opportunity. For more insights and recommendations, check out Zacks Investment Research for free reports on top stocks like Microsoft, Cisco Systems, Zoom Communications, and RingCentral.



Read more at NASDAQ.: RingCentral Plunges 28% YTD: Should You Buy the Stock on the Dip?