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Why RingCentral Stock Jumped 11.2% on Tuesday

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Why RingCentral Stock Jumped 11.2% on TuesdayPhoto, wide shot, wide-angle lens, Software company, sunset photo at golden hour, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/da273d82-9e59-413a-99b3-2b0094ff0854.png

Shares of RingCentral (NYSE: RNG) popped more than 11% on July 30, after the cloud-based communications software company announced strong second-quarter results and received an analyst upgrade.

RingCentral's revenue surged 34% year over year to $215 million. The company is successfully wooing new subscribers for its voice, video, messaging, and contact center solutions.

RingCentral delivered solid sales growth in the second quarter. Image source: Getty Images.

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