10 Stocks Outrunning the Market; 3 on a High

1. RingCentral Inc. (NYSE:RNG)

RingCentral soared to a new 52-week high on Friday, as investors took heart from the company’s swing to profitability last year, coupled with news that it would begin to distribute regular dividends on a quarterly basis moving forward.

At intra-day trading, the stock climbed to its highest price of $40.64 before paring gains to finish the session just up by 34.40 percent at $39.50 apiece.

In an updated report, RingCentral Inc. (NYSE:RNG) said that it swung to a net income of $43.39 million last year from a $58.2 million net loss in 2024. Total revenues jumped by 4 percent to $2.5 billion from $2.4 billion.

In the fourth quarter, RingCentral Inc. (NYSE:RNG) incurred a $22.97 million net income, reversing a $7.19 million net loss in the same comparable period. Total revenues inched up by 4.88 percent to $644 million from $614 million.

Following the results, RingCentral Inc. (NYSE:RNG) said that it would distribute $0.075 in dividends to all shareholders on record as of March 9, payable on March 16.

It added that it intends to pay a cash dividend on a quarterly basis going forward, subject to market conditions and approval by the Board of Directors.

While we acknowledge the potential of RNG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RNG and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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