Fly News Breaks for January 21, 2020
Jan 21, 2020 | 05:17 EDT
Goldman Sachs analyst Heather Bellini upgraded RingCentral (RNG) to Buy from Neutral with a price target of $230, up from $189. The analyst sees "continued runway for outperformance" driven by secular growth from unified communications as a service adoption and enterprise traction. Growth drivers, including RingCentral's recently announced partnership with Avaya (AVYA), should drive share upside, Bellini tells investors in a research note. Goldman Sachs this morning also upgraded Avaya to Buy from Neutral.
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.