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via seekingalpha.comBusiness & Companies

RingCentral surges 7% after revenue acceleration, analysts say

FROM THE WIRE · SEEKINGALPHA.COM

[RingCentral office building in Miami, Miami, FL, USA.] JHVEPhoto/iStock Editorial via Getty Images RingCentral (RNG [https://seekingalpha.com/symbol/RNG]) shares surged 7% during Friday morning market action following third-quarter results…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishThe stock reacts to subscription growth above expectations and several target price increases.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Shares rose 7% in Friday morning trading.
  2. 02Subscription growth accelerated to 6.0%, the third straight quarter of acceleration.
  3. 03Morgan Stanley cited subscription revenue above the guidance midpoint.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
RingCentral, Inc.RNGStock86.17 USD+1.53%today +8.50%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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