Opinions
Jim Cramer - Mad Money
RingCentral
RNG-N
BUY
Feb 12, 2021
$443.290
Stock price when the opinion was issued
Telecommunications
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COMMENT
A cloud-based communication firms with a video offering. It's a peer of Zoom Video. If they rally before they report next week then it will tell you a lot about the market's current attitude towards growth stocks.
Telecommunications
COMMENT
These stocks are out of fashion now, like this, a cloud-based communications company with a video component that competes with Zoom. Last Tuesday, they reported a magnificent quarter with top and bottom line beats, but shares got crushed by nearly 20%. It's rolled back nearly all its gains it made during the pandemic. The subscription guidance was confusing and they're in a legal battle with Zoom Video.
Telecommunications
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They make call-center software and their videoconference platform competes with Zoom and it does well. The company is growing. They report next week.