When RingCentral Calls, Investors Better Pick Up
One of this year's off-the-radar winners has been RingCentral (NYSE: RNG). Shares of the company behind a next-gen telco platform entered this trading week with a 75% year-to-date gain. You probably have never heard of RingCentral despite it being a 14-bagger since the start of 2017, but another blowout financial report this week could start to turn heads.
Shares of RingCentral opened higher on Tuesday after it delivered its third-quarter results. Revenue and earnings exceeded expectations, and the company lifted its top- and bottom-line guidance for the year. This is old hat for RingCentral. It has now topped analyst profit targets for 12 consecutive quarters. If RingCentral isn't on your investing radar, you may want to find one with a larger screen to make sure that the quiet market winner is pinging for you.
Image source: RingCentral.
Source Fool.com
