Shares of RingCentral (RNG) are improved from earlier levels after Financial Times reported that Microsoft (MSFT) has offered to stop forcing customers of its Office software to also have its Teams video conferencing and messaging app automatically installed on their devices to prevent an official antitrust probe by EU regulators.
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Published first on TheFly
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Read More on RNG:
- Ringcentral put volume heavy and directionally bearish
- RingCentral price target lowered to $40 from $62 at KeyBanc
- Ringcentral call volume above normal and directionally bullish
- Jefferies tech/communications analyst holds analyst/industry conference call
- RingCentral initiated with a Buy at Rosenblatt