Ringcentral, Inc. RNG was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company —as the stock is now up 21.9% in the past one-month time frame.
The upmove came after the company reported better-than-expected fourth-quarter 2018 results.
The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also 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 #2 (Buy) while its Earnings ESP is 0.00%.
Ringcentral, Inc. Price
Ringcentral, Inc. Price | Ringcentral, Inc. Quote
Another stock worth considering in the Internet - Software and Services industry is NetEase, Inc. NTES which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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