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Fly News Breaks for April 28, 2016
T, RNG
Apr 28, 2016 | 06:13 EDT
JPMorgan analyst Sterling Auty says RingCentral's (RNG) beat and raise quarter puts concerns surrounding competition from AT&T (T) to rest. It is clear that's AT&T's competing service is aimed at much larger companies outside of the core market serviced by RingCentral, Auty tells investors in a research note. The analyst continues to view RingCentral as an attractive investment and keeps an Overweight rating on the name with a $27 price target.
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