Stock Price of Ringcentral, Inc. (RNG) Increases 1.29%

Ringcentral, Inc.s in-depth stock price analysis indicates that the stock price has rallied 3.3% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 5.1% . Looking at the past 52 week period, the stock price is up at 44.08% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Ringcentral, Inc. has a positive value of 30.79 compared to overall market. Ringcentral, Inc. (NYSE:RNG) has climbed 1.29% in the past week and advanced 4.44% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 0.48% and the outperformance has advanced to 2.57% for the last 4 weeks period.

Ringcentral, Inc. (NYSE:RNG) : On Friday heightened volatility was witnessed in Ringcentral, Inc. (NYSE:RNG) which led to swings in the share price. The stock opened for trading at $22.95 and hit $23.55 on the upside , eventually ending the session at $23.5, with a gain of 3.3% or 0.75 points. The heightened volatility saw the trading volume jump to 1,570,943 shares. The 52-week high of the share price is $25 and the company has a market cap of $1,729 million. The 52-week low of the share price is at $13.88 .

RingCentral Inc Last issued its quarterly earnings results on Oct 25, 2016. The company reported $0.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.02. Analyst had a consensus of $0.01. The company had revenue of $96.80 million for the quarter, compared to analysts expectations of $96.10 million. The companys revenue was up 26.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.09 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Upgraded by Robert W. Baird on Dec 12, 2016 to Outperform, Raises Price Target to $ 29 from a previous price target of $26 .

Company has reported several Insider transactions to the SEC, on Feb 2, 2017, Praful Shah (SVP, Strategy) sold 10,000 shares at 23.03 per share price.On Dec 15, 2016, Clyde Hosein (EVP and CFO) sold 159,813 shares at 22.36 per share price.On Nov 23, 2016, John H Marlow (SVP & General Counsel) sold 2,238 shares at 22.20 per share price.

RingCentral, Inc. provides solutions for business communications primarily in the United States. The Companys products include RingCentral Office, RingCentral Mobile and RingCentral Fax. It provides solutions such as auto-receptionist, flexible extension structure, multiple voicemail boxes, smart call routing, business answering rules, extension dialing, call transfers and elegant integration with Smartphones. RingCentral, Inc. is headquartered in San Mateo, California.


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