RingCentral Plunges 28% YTD: Should You Buy the Stock on the Dip?

RingCentral‘s (RNG) shares have plummeted 27.6% in the year-to-date period compared with the Zacks Computer & Technology sector’s decline of 11.8%. The Internet - Software and Services have risen 4.5% in the same time frame.RNG has underperformed its peers, including Microsoft (MSFT) , Zoom Communication (ZM) and Cisco Systems (CSCO) , which are also making advancements in AI-driven UCAAS communication technology. For instance, Microsoft has enhanced its Teams platform by integrating AI Assistant and Zoom C ...