Hedge Funds Have Never Been More Bullish On MFA Financial, Inc. (MFA)

Rosenblatt Discusses RingCentral's Potential Video Product Launch And Its Impact On Zoom Video

Zoom Video Communications Inc (NASDAQ: ZM) has been one of the biggest market winners from the coronavirus-driven surge in employees working from home around the world.However, one analyst says RingCentral Inc (NYSE: RNG) is also getting a COVID-19 boost, and is anticipating an imminent product launch that will replace Zoom within the RingCentral customer base.The Analyst Rosenblatt Securities analyst Ryan Koontz reiterated his Buy rating and $245 price target for RingCentral.Benzinga is covering every angle of how the coronavirus affects the financial world. For daily updates, sign up for our coronavirus newsletter.The Thesis Koontz believes RingCentral will launch its own video product called RCMeeting within the next week."We expect that in the very near term RCMeeting will not only begin to be sold in RingCentral Office (RCO) bundles across most US segments, but it will also begin to replace the installed base of ZM at RNG customers," Koontz wrote in a...