Wake Up When RingCentral Calls
Shares of RingCentral (NYSE: RNG) were hitting all-time highs on Monday ahead of the second-quarter financial update that would come shortly after the market close. Folks buying in at the time -- despite the high-water mark for the stock -- were sitting pretty on Tuesday with shares rallying again following the robust earnings news.
The provider of enterprise communications, collaboration, and contact-center solutions had another beat-and-raise financial performance, but that should only come as a surprise to investors who haven't been paying attention. Blasting through its earlier revenue and adjusted earnings guidance has become a quarterly occurrence at RingCentral, and the same can be said about the upward revision of its full-year forecast.
Image source: RingCentral.
Quelle Fool.com
