廣告
香港股市 已收市
  • 恒指

    18,079.61
    -150.58 (-0.83%)
     
  • 國指

    6,392.58
    -70.37 (-1.09%)
     
  • 上證綜指

    3,086.81
    -4.86 (-0.16%)
     
  • 滬深300

    3,579.92
    -14.39 (-0.40%)
     
  • 美元

    7.8187
    +0.0020 (+0.03%)
     
  • 人民幣

    0.9256
    +0.0010 (+0.11%)
     
  • 道指

    38,686.32
    +574.84 (+1.51%)
     
  • 標普 500

    5,277.51
    +42.03 (+0.80%)
     
  • 納指

    16,735.02
    -2.06 (-0.01%)
     
  • 日圓

    0.0494
    -0.0002 (-0.32%)
     
  • 歐元

    8.4783
    +0.0106 (+0.13%)
     
  • 英鎊

    9.9610
    +0.0110 (+0.11%)
     
  • 紐約期油

    77.18
    -0.73 (-0.94%)
     
  • 金價

    2,347.70
    -18.80 (-0.79%)
     
  • Bitcoin

    67,699.60
    +116.77 (+0.17%)
     
  • CMC Crypto 200

    1,426.96
    -1.61 (-0.11%)
     

Why RingCentral (RNG) is a Top Growth Stock for the Long-Term

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Why This 1 Growth Stock Should Be On Your Watchlist

For growth investors, a company's financial strength, overall health, and future outlook take precedence, so they'll want to zero in on the Growth Style Score. This Score examines things like projected and historical earnings, sales, and cash flow to find stocks that will generate sustainable growth over time.

廣告

RingCentral (RNG)

RingCentral is a leading provider of contact center software-as-a-service (SaaS) solutions, along with global enterprise cloud communications, video meetings, collaboration, and customer engagement solutions that enable businesses to communicate, collaborate, and connect.

RNG boasts a Growth Style Score of A and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Its bottom-line is projected to rise 9.9% year-over-year for 2024, while Wall Street anticipates its top line to improve by 8.3%.

One analyst revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.01 to $3.55 per share for 2024. RNG boasts an average earnings surprise of 6.4%.

RingCentral is also cash rich. The company has generated cash flow growth of 34.8%, and is expected to report cash flow expansion of 40.2% in 2024.

Investors should take the time to consider RNG for their portfolios due to its solid Zacks Rank rating, notable growth metrics, and impressive Growth and VGM Style Scores.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Ringcentral, Inc. (RNG) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research