RingCentral Stock Soared on Friday. Is There More Room for RNG to Run?

RingCentral (RNG) shares soared on Feb. 20 after the communication technology company posted a surprise profit for its fiscal Q4, marking a significant turnaround from $7.19 million loss a year ago. Investors cheered RNG also because the Supreme Court struck down President Donald Trump’s tariffs, positioning the NYSE-listed firm to grow margins as it relies heavily on a global supply chain and international clients. More News from Barchart Versus its year-to-date low, RingCentral stock is now up nearly ...