RingCentral, Inc. (RNG) Announces $100M Stock Buyback
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RingCentral Announces $100 Million Share Repurchase Authorization
December 13, 2021 7:30 AM ESTBELMONT, Calif.--(BUSINESS WIRE)-- RingCentral, Inc. (NYSE: RNG), a leading provider of global enterprise cloud communications, video meetings, collaboration, and contact center solutions, today announced that its Board of Directors has authorized a share repurchase program under which RingCentral may repurchase up to $100 million of its outstanding Class A common stock.
The Boards decision to authorize the share repurchase program reflects our strong confidence in the continued success and long-term profitable growth of our business, which we believe is not reflected at the current market valuation, said Vlad Shmunis, RingCentrals... More
