Fly News Breaks for December 10, 2019
Dec 10, 2019 | 06:08 EDT
Piper Jaffray analyst James Fish initiated coverage of RingCentral (RNG) with an Overweight rating and $194 price target. The shift to unified communications as a service "is still very early" and "only in the second inning," Fish tells investors in a research note. Further, he believes RingCentral's Avaya (AVYA) deal is a "massive, multi-year catalyst."
News For RNG;AVYA 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.