RingCentral spikes on favorable CNBC mention

|By:, SA News Editor

AlphaOne Capital's Dan Niles declares on CNBC RingCentral (RNG +5.6%) is his favorite "under the radar" pick, and that he thinks shares could double in three years.

Shares have shot higher in response. They sold off yesterday after the VoIP/unified communications service provider filed its Q2 10-Q.