Momentum Investors: Why RingCentral (RNG) is a Top Stock for Long-Term Growth

Momentum investors should take note of RingCentral's (RNG) strong performance and positive earnings revisions. As a leading provider of contact center software-as-a-service (SaaS) solutions, as well as global enterprise cloud communications, video meetings, collaboration, and customer engagement solutions, RingCentral enables businesses to communicate, collaborate, and connect more effectively. Currently, RNG is a Zacks Rank #3 (Hold) stock with a Momentum Style Score of B and a VGM Score of A. Despite shares having declined 1.9% over the past week and gaining 2.4% over the past four weeks, RNG has lost 5.3% in the last one-year period. In terms of trading volume, an average of 990,686.13 shares have been exchanged hands over the last 20 trading days. In addition to its strong Momentum Style Score, RNG has also seen six analysts revise their earnings estimate upwards in the last 60 days for fiscal 2025. The Zacks Consensus Estimate has increased by $0.02 to $4.21 per share, and RNG boasts an average earnings surprise of 3.2%. With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should consider adding RNG to their portfolios. If you're looking for more recommendations from Zacks Investment Research, you can download their 7 Best Stocks for the Next 30 Days report for free today. In conclusion, momentum investors should take note of RingCentral's (RNG) strong performance and positive earnings revisions. With its high Momentum Style Score and positive earnings surprise, RNG could be a great addition to any investor's portfolio looking for growth and momentum in their investments.