Ringcentral Stock Bullish Momentum With A 11% Rise So Far Today

(VIANEWS) – Shares of Ringcentral (NYSE: RNG) jumped by a staggering 11.15% to $32.79 at 11:51 EST on Friday, after three sequential sessions in a row of losses. NYSE is jumping 0.78% to $15,093.45, after five consecutive sessions in a row of losses. This seems, at the moment, a somewhat up trend exchanging session today.

Ringcentral’s last close was $29.50, 56.96% under its 52-week high of $68.54.

About Ringcentral

RingCentral, Inc. provides cloud communications, video meetings, collaboration, and contact center software-as-a-service solutions worldwide. The company's products include RingCentral Message Video Phone (MVP) that provides a unified experience for communication and collaboration across multiple modes, including HD voice, video, SMS, messaging and collaboration, conferencing, online meetings, and fax; RingCentral Contact Center, a collaborative contact center solution that delivers AI powered omni-channel and workforce engagement solution with integrated RingCentral MVP; and RingCentral Engage Digital, a digital customer engagement platform that allows enterprises to interact with their customers. The company's products also comprise RingCentral Engage Voice, a cloud-based outbound/blended customer engagement platform for midsize and enterprise companies; RingCentral Video, a video meeting service which includes the company's RCV video and team messaging capabilities and offers video and audio conferencing, file sharing, contact, task, and calendar management. In addition, it offers RingCentral professional services. The company serves a range of industries, including financial services, education, healthcare, legal services, real estate, retail, technology, insurance, construction, hospitality, and state and local government, as well as others. It sells its products through a network of direct sales representatives, as well as sales agents, resellers, and channel partners. The company was incorporated in 1999 and is headquartered in Belmont, California.

Earnings Per Share

As for profitability, Ringcentral has a trailing twelve months EPS of $-8.29.

Moving Average

Ringcentral’s worth is way above its 50-day moving average of $28.83 and below its 200-day moving average of $36.40.

More news about Ringcentral (RNG).

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