RingCentral: Slower Growth But Still Rapid Margin Expansion

Group 1 - RingCentral (NYSE: RNG) has been assigned a "buy" rating and has performed nearly in line with the S&P 500, showing a ~14% increase, and has outperformed the Russell 2000 by ~3 percentage points [1] - Invest Heroes LLC, a CIS-based research firm founded in 2018, provides equity and fixed income research services and has gained recognition among professional investors and private clients [1] - The firm covers over 120 Russian, US, and Chinese stocks, as well as 200+ Russian bonds, and offers research as a paid service to institutional clients and private clients [1] Group 2 - The research team at Invest Heroes consists of 9 analysts and has achieved global professional recognition, being included in Refinitiv and Factset within the first two years of operation [1] - The firm has been recognized as the best analysts in the Refinitiv rating for several Russian companies and is in the process of signing with S&P Market Intelligence [1] - The forecasts provided by Invest Heroes are often ahead of the market due to a detailed business model built for each company [1]