5 Stocks That Helped Amish Mehta’s SQN Investors Return 46%

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1. RingCentral, Inc. (NYSE: RNG)

RingCentral, Inc. (NYSE: RNG) is the most favorite stock of SQN Investors and it is among the stocks that helped the hedge fund to generate robust returns in fiscal 2020. SQN is holding 485,053      shares of RNG valued at $133 million.

Shares of RingCentral appreciated almost 124% in the past twelve months. RingCentral management looks optimistic over future fundamentals. Vlad Shmunis, RingCentral’s founder, chairman, and CEO said, “We are excited to add Alcatel-Lucent Enterprise and expand our relationship with BT as we further expand and deepen our unique global distribution network. We believe our customers and partners are embracing RingCentral’s differentiated Message Video Phone (MVP) cloud platform as a go forward staple of their digital transformation journeys.”

Please also see 14 Best Internet of Things Stocks To Buy Now and Billionaire David Abrams’ Top 10 Stock Picks

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