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Shares of This Cloud Stock You've Never Heard of Are Up 80% So Far This Year

It's no secret the cloud space is exploding with growth and that includes cloud names that don't get much attention, such as Ring Central. Shares are up over 80% since the start of the year.
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It's no secret the cloud space is exploding with growth and that includes cloud names that don't get much attention, such as Ring Central (RNG) - Get RingCentral, Inc. Class A Report .

Shares are up over 80% since the start of the year, compared to the S&P 500's 8% gain.

Founded in 1999, Ring central is a cloud communications company and works with a host of major companies like Marriott International (MAR) - Get Marriott International, Inc. (MAR) Report and Hyatt Hotels Corporation (H) - Get Hyatt Hotels Corporation Class A Report .

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"We place legacy hardware solutions from companies like Cisco (CSCO) - Get Cisco Systems, Inc. Report with a pure cloud based implementation. We tear out old hardware and provide a SaaS solution," said Vlad Shmunis, Ring Central's CEO.

Now watch: Jim Cramer: These 7 Cloud Kings Continue to Trounce the S&P 500