RingCentral, Inc. is a provider of artificial intelligence (AI)-driven cloud business communications, contact center, video, and hybrid event solutions. Co.'s cloud-based business communications, collaboration, and customer engagement solutions function across multiple locations and devices, including smartphones, tablets, personal computers (PCs) and desk phones. Co. offers a fully integrated business communications platform, which includes cloud private branch exchanges (PBX), cloud contact center, video meetings and webinars, and events. Its product portfolio includes RingCentral MVP, Contact Center as a Service (CCaaS), RingCentral Video, RingCentral Events, and RingSense. We show 48 historical shares outstanding datapoints in our RNG shares outstanding history coverage, used to compute RNG market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing RNG market cap history over the course of time is important for investors
interested in comparing RNG's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of RNG versus a peer is one thing; comparing
RNG market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like RNG can fluctuate over the course of history.
With this page we aim to empower investors researching RNG by allowing them to research the RNG market cap history. |
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Video: The Importance of Market Cap
