Given the strong growth projections and demand for unified communication solutions, I believe RingCentral (RNG) is currently overvalued and set for a ...
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Given the strong growth projections and demand for unified communication solutions, I believe RingCentral (RNG) is currently overvalued and set for a decline, making it a suitable candidate for a short position. The pressure from interest rate hikes and mixed earnings reports further supports this bearish outlook.