Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY and GLENN LARKIN

RingCentral Stock Joins Elite List With 95-Plus Composite Rating

The IBD SmartSelect Composite Rating for RingCentral rose from 94 to 98 Thursday.

The new rating is a sign the stock is outpacing 98% of all stocks when it comes to the most important stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.

RingCentral is currently working on a cup pattern. The pattern is easier to see on a weekly chart, and has a $49.32 buy point. It is still around 20% below that entry, but definitely one for your watchlist.

Looking For The Best Stocks To Buy And Watch? Try These Screens

 

RNG Earnings

The stock has a 99 EPS Rating, meaning its recent quarterly and annual earnings growth tops 99% of all stocks.  The next earnings report is scheduled for August 1.

Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks. And it could use an improvement to the RS rating, currently showing 75.

The company reported a 95% earnings-per-share gain for Q1. It has now posted accelerating EPS gains for three consecutive quarters. Top line growth fell to 14%, down from 17% in the prior quarter. The company's next quarterly report is expected on or around Aug. 1.

RingCentral Cl A holds the No. 11 rank among its peers in the Computer Software-Enterprise industry group. Datadog, DigitalOcean and Dynatrace are among the top 5 highly-rated stocks within the group.

Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.