Why RingCentral Shares Gained 69% in the First Half of 2020

Why RingCentral Shares Gained 69% in the First Half of 2020

Shares of cloud-based communications specialist RingCentral (NYSE: RNG) rose 69% in the first half of 2020, according to data from S&P Global Market Intelligence. The company was on a roll before the COVID-19 pandemic arrived, and the health crisis only accelerated RingCentral's impressive business growth. RingCentral is winning new contracts from virus-related, work-from-home policies.