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Fly News Breaks for January 23, 2020
Jan 23, 2020 | 09:20 EDT
Needham analyst Richard Valera raised his price target on RingCentral (RNG) to $220 and kept his Buy rating after meeting with the management of Avaya (AVYA) at the Needham Growth Conference last week. The analyst notes that the progress on the partnership of the two companies appears to be good and the launch of the Avaya Cloud Office product appears to be track. Valera adds that the feedback regarding activity from RingCentral's partnership with AT&T (T) has also been positive.
News For RNG;AVYA;T From the Last 2 Days
May 27, 2022 | 11:05 EDT
Bullish option flow detected in Ringcentral with 3,116 calls trading, 3x expected, and implied vol increasing almost 3 points to 73.69%. Sep-22 60 calls and Sep-22 60 puts are the most active options, with total volume in those strikes near 2,700 contracts. The Put/Call Ratio is 0.13. Earnings are expected on August 2nd.