RingCentral Stock Rises 30%

Shares of RingCentral, Inc. (RNG) are climbing about 30 percent during Friday morning trading. The positive stock movement might be influenced by yesterday's fourth-quarter financial results announcement, which saw the company turning to profit of $22.97 million or $0.26 per share, compared to a net loss of $7.19 million or $0.08 per share in the same period last year.The company's stock is currently trading at $38.25, up 30.95 percent or $8.94, over the previous close of $29.35 on the New York Stock Excha ...