Analyst Meta Marshall upped her rating on RingCentral (ticker: RNG), a provider of cloud-based voice, video and texting services, to Overweight from Equal Weight. Marshall noted that communications software shares like RingCentral, Zoom Video Communications (ZM), 8×8 (EGHT), Five9 (FIVN), Twilio (TWLO), and Bandwidth (BAND) have fallen out of favor over the past 18 months, on commoditization and competition concerns for a group that she said has generated “little in the way of free cash flow.” Read More...
Analyst Meta Marshall upped her rating on RingCentral (ticker: RNG), a provider of cloud-based voice, video and texting services, to Overweight from Equal Weight. Marshall noted that communications software shares like RingCentral, Zoom Video Communications (ZM), 8×8 (EGHT), Five9 (FIVN), Twilio (TWLO), and Bandwidth (BAND) have fallen out of favor over the past 18 months, on commoditization and competition concerns for a group that she said has generated “little in the way of free cash flow.”
