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RingCentral Inc. (RNG) Has Jumped To A New High After Q4 Profit Beat

RingCentral Inc. (RNG) reported fourth quarter non-GAAP EPS of $0.07 after the bell Monday, up from $0.03 a year ago. Analysts expected EPS of $0.06. The company expects to report first quarter EPS of $0.11 to $0.13 and full year 2018 EPS of $0.56 to $0.60. The consensus estimates are for EPS of $0.05 and $0.28.

RingCentral gapped open sharply higher Tuesday morning and is now up 4.35 at $57.70. The stock has risen past the upper end of a 1-month trading range and has set a new high for the year.

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