U.S. Markets closed
  • S&P Futures

    3,220.50
    -10.75 (-0.33%)
     
  • Dow Futures

    26,615.00
    -70.00 (-0.26%)
     
  • Nasdaq Futures

    10,762.50
    -66.50 (-0.61%)
     
  • Russell 2000 Futures

    1,444.50
    -2.20 (-0.15%)
     
  • Crude Oil

    39.37
    -0.56 (-1.40%)
     
  • Gold

    1,859.50
    -8.90 (-0.48%)
     
  • Silver

    22.17
    -0.93 (-4.05%)
     
  • EUR/USD

    1.1669
    +0.0007 (+0.0583%)
     
  • 10-Yr Bond

    0.6760
    +0.0120 (+1.81%)
     
  • Vix

    28.58
    +1.72 (+6.40%)
     
  • GBP/USD

    1.2713
    -0.0013 (-0.1017%)
     
  • BTC-USD

    10,228.06
    -313.69 (-2.98%)
     
  • CMC Crypto 200

    215.12
    +1.16 (+0.54%)
     
  • FTSE 100

    5,899.26
    +69.80 (+1.20%)
     
  • Nikkei 225

    23,346.49
    -13.81 (-0.06%)
     

Why RingCentral's Stock Is Trading Higher Today

Tanzeel Akhtar

RingCentral (NYSE: RNG) shares are trading higher on Tuesday after the company and Alcatel-Lucent announced a partnership to introduce the Rainbow Office cloud solution powered by RingCentral.

RingCentral is a unified-communication-as-a-service, or UCaaS, provider. RingCentral's software provides an easy-to-use, integrated communication application that allows for a single user experience across mobile and desktop applications. The software lets businesses communicate and collaborate using voice, video, text, Internet messaging, and conference calls on a single platform. The company was founded in 1999 and is headquartered in Belmont, California.

RingCentral shares were trading up 6.63% at $283.01 at time of publication on Tuesday. The stock has a 52-week high of $306.46 and a 52-week low of $120.03.

Related Links:

Goldman Sachs Turns Bullish On RingCentral, Highlights Large Market Opportunity

Avaya Rallies Following Deal With RingCentral

See more from Benzinga

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.