Yahoo Finance RingCentral (RNG) Catches Eye: Stock Jumps 9.7%
RingCentral, Inc. RNG was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $138.96–$239.89 in the past one-month time frame, witnessed a sharp increase yesterday.
The company has seen a mixed track record when it comes to estimate revisions of three increase and two decrease over the past few months, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
RingCentral currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
A better-ranked stock in the Internet - Software and Services industry is Quotient Technology Inc. QUOT, holding a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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Click to get this free report Ringcentral, Inc. (RNG) : Free Stock Analysis Report Quotient Technology Inc. (QUOT) : Free Stock Analysis Report To read this article on Zacks.com click here.
