Ringcentral IncRingCentral partners with OpenAI to build AI-native capabilities into its products.
RingCentral announced a collaboration with OpenAI to build AI-native capabilities into its communications and contact center products, and expanded its bi-directional partnership with NiCE to integrate and resell unified communications and contact center solutions. The company aims to deepen AI across its platform while widening enterprise distribution through NiCE. RingCentral's stock has risen 16.9% over the past week, 34.8% over the past month, and 75.1% year to date, with a current share price of $48.31. The stock trades roughly 4% above the analyst target of $46.43, with estimates ranging from $38 to $60, and is flagged as undervalued, trading about 63.1% below one fair value estimate. The company has negative shareholders' equity and a high level of debt, presenting balance sheet risks alongside the potential benefits of these partnerships.
Ringcentral IncRingCentral partners with OpenAI to build AI-native capabilities into its products.
RingCentral expands bi-directional partnership with NiCE to integrate and resell solutions, widening enterprise distribution.
Nice Ltd ADROpenAI collaborates with RingCentral to embed AI into communications products.