RingCentral Stock Soared on Friday. Is There More Room for RNG to Run?

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positioning the NYSE-listed firm to grow margins as it relies heavily on a global supply chain and international clients.If Palantir is Near a Bottom, What's the Best Play in PLTR Stock?NVDA Earnings, Tariffs and Other Key Things to Watch this WeekAdobe (ADBE) Stock Has Been Beaten Up But the Smart Money Remains ResilientOur exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today!Versus its year-to-date low, RingCentral stock is now up nearly 60%.www.barchart.comThe sustainability of RNG shares’ recent rally remains questionable given Trump has no plans of backing off from tariffs even after the Supreme Court ruling.Under Section 122 of the Trade Act, Trump has already raised global tariffs to 15%, injecting a new wave of uncertainty and policy-related risk for multinationals like RingCentral.In short, as the White House pivots to “Plan B,” the initial euphoria surrounding the Supreme Court decision could quickly evaporate, leaving RNG vulnerable to a sharp reversal.The narrative seems particularly likely to play out given RingCentral’s relative strength index (14-day) sits at 77 at the time of writing, indicating overbought conditions.RingCentral shares are unattractive because competitive dynamics within the communication-tech sector remain intense as well, with established players maintaining market share advantages.The company faces ongoing pressure from integrated solutions providers and telecommunications giants that bundle communications capabilities into broader enterprise offerings.Market consolidation trends and pricing pressure from rivals could limit RingCentral’s ability to expand margins even as top-line growth accelerates.With $1 billion in debt still on the balance sheet and increasing competition from giants like Zoom (ZM) and Microsoft (MSFT), RNG looks rather expensive at a forward price-earnings (P/E) multiple of about 12x.Investors should also note that even Wall Street analysts now agree that RingCentral’s recent share price rally has gone a bit too far.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,915.50 +11.75 (+0.17%)Dow Futures49,268.00 +32.00 (+0.06%)Nasdaq Futures25,101.25 +72.50 (+0.29%)Russell 2000 Futures2,659.00 +4.00 (+0.15%)VIX19.55 -1.46 (-6.95%)Gold5,196.40 +20.10 (+0.39%)Trending tickersBTC-USD Bitcoin USD 65,833.91 +2,163.32 (+3.40%)WDAY Workday, Inc. 130.23 +1.02 (+0.79%)MELI MercadoLibre, Inc. 1,922.56 +58.10 (+3.12%)AMD Advanced Micro Devices, Inc. 213.84 +17.24 (+8.77%)ZETA Zeta Global Holdings Corp. 16.98 +2.00 (+13.35%)PortfolioSign in to access your portfolioSign inTop gainersKEYS Keysight Technologies, Inc. 301.48 +56.48 (+23.05%)IBRX ImmunityBio, Inc. 11.55 +1.72 (+17.50%)UCTT Ultra Clean Holdings, Inc. 71.96 +10.55 (+17.18%)DRS Leonardo DRS, Inc. 43.82 +5.68 (+14.89%)BEAM Beam Therapeutics Inc. 32.29 +3.96 (+13.98%)Top losersCECO CECO Environmental Corp. 60.00 -17.68 (-22.76%)XMTR Xometry, Inc. 44.44 -12.71 (-22.24%)WHR Whirlpool Corporation 71.67 -11.54 (-13.87%)AWI Armstrong World Industries, Inc. 174.30 -18.53 (-9.61%)PLNT Planet Fitness, Inc. 82.61 -8.14 (-8.97%)Most activeNVDA NVIDIA Corporation 192.85 +1.30 (+0.68%)INTC Intel Corporation 46.12 +2.49 (+5.71%)PLUG Plug Power Inc. 1.9100 +0.0700 (+3.80%)IBRX ImmunityBio, Inc. 11.55 +1.72 (+17.50%)AMD Advanced Micro Devices, Inc. 213.84 +17.24 (+8.77%)Top economic eventsEarnings eventsMy earnings eventsEarnings events