Ringcentral Inc. Class A (RNG) Soars 4.91%

Ringcentral Inc. Class A (RNG) Soars 4.91%

Ringcentral Inc. Class A is a RingCentral is a unified-communication-as-a-service, or UCaaS, provider.

Ringcentral Inc. Class A (RNG) had a good day on the market for Thursday December 17 as shares jumped 4.91% to close at $387.63. About 1.3 million shares traded hands on 24,581 trades for the day, compared with an average daily volume of n/a shares out of a total float of 89.63 million. After opening the trading day at $381.44, shares of Ringcentral Inc. Class A stayed within a range of $390.67 to $380.10.

With today’s gains, Ringcentral Inc. Class A now has a market cap of $34.74 billion. Shares of Ringcentral Inc. Class A have been trading within a range of $355.99 and $134.86 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

RingCentral is a unified-communication-as-a-service, or UCaaS, provider. RingCentral’s software provides an easy-to-use, integrated communication application that allows for a single user experience across mobile and desktop applications. The software lets businesses communicate and collaborate using voice, video, text, Internet messaging, and conference calls on a single platform. Ninety percent of RingCentral’s revenue comes from its RingCentral Office application, which is available in four tiers based on integration needs and the number of employees. The company was founded in 1999 and is headquartered in Belmont, California.

Ringcentral Inc. Class A is based out of Belmont, CA and has some 2,363 employees. Its CEO is Vladimir Shmunis.

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