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RingCentral Takes On Zoom, Launches Highly Anticipated Video Chat Product

April 2, 2020
Ryan Koontz

RingCentral (RNG) has now launched their highly anticipated RC Video product for meeting applications. “We view the launch as firm fracture of the collaboration between RNG and ZM as they each now aim to compete in each other’s core markets” Rosenblatt analyst Ryan Koontz told investors following the launch.

RingCentral Video will be bundled across the entire RC Office portfolio at no additional cost across North America. “Our preliminary investigation indicates that the product performs extremely well for basic multi-user video conferencing requirements via the Chrome browser, including screen sharing” cheers Koontz.

However, he does acknowledge that the product appears to lack a few of the high-end cosmetic features that competitor Zoom (ZM) includes such as green-screen and touch-ups. Koontz has a buy rating on RNG stock with a $245 price target (16% upside potential).

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