5 Best Education Stocks To Buy Now

1. Ringcentral, Inc. (NYSE:RNG)

No of HFs: 59

Total Value of HF Holdings: $3.3 Billion

Ringcentral, Inc tops the list of best education stocks to buy now. The company is an American provider of cloud-based communication and collaboration solutions for businesses. During the third quarter of the year, the company reported a total revenue increase of 30% year over year to $304 million.

The top hedge fund holder for this stock is Panayotis Takis Sparaggis’ Alkon Capital Management which had $1 billion invested in the stock at the end of September.

In an article, RiverPark Advisors’ highlighted stocks one of which was RNG where they mentioned,

“Lockheed Martin is the world’s largest aerospace and defense contractor. With about 70% of its $60 billion in revenue from the U.S. government, the company is well positioned to benefit from U.S. defense budget growth, historically 5-6% per year, as well as increased global military spending. With a $144 billion backlog and deliveries forecast to reach 180 aircraft per year in 4- 5 years, we believe the company could grow at a significantly higher rate than overall defense budget growth over the next several years. The Street expects mid-single-digit revenue growth for the company, in-line with overall market growth. Due to its exposure to faster-growing programs, we believe the company can exceed that growth rate, and add margin expansion from increased scale. Further, strategic acquisitions, debt pay down, a 2% dividend yield, and continued share buybacks from $6 billion per year of free cash flow should lead to even greater shareholder returns.

We are also excited about LMT’s new – CEO James Taiclet – a military veteran and, over the previous 10 years the highly respected CEO of American Tower, a long-time Fund holding. Under Jim’s leadership, AMT grew its market capitalization from $2 billion to $100 billion and as both a shareholder and US citizen we look forward to him bringing his vast array of leadership skills to LMT.”

Please also see 12 Best Fitness Stocks to Buy Now and Top 10 Agriculture Stocks to Buy Now

Disclosure: None.