Why RingCentral Stock Is Up Big Today
Shares of RingCentral (NYSE: RNG) are seeing strong bullish momentum Wednesday following the release of the company's first-quarter earnings results. The collaboration software company's stock was up roughly 17% as of 11:30 a.m. ET, according to data from S&P Global Market Intelligence. RingCentral published its Q1 report after the market closed yesterday and posted sales and earnings for the period that topped Wall Street's expectations.