RingCentral (NYSE:RNG) Updates Q3 2026 Earnings Guidance

RingCentral (NYSE:RNG) issued an update on its third quarter 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 1.250-1.300 for the period, compared to the consensus earnings per share estimate of 1.140. The company issued revenue guidance of $664.0 million-$670.0 million, compared to the consensus revenue estimate of $663.6 million. RingCentral also updated its FY 2026 guidance to 4.960-5.100 EPS.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Jefferies Financial Group reaffirmed a “hold” rating and set a $40.00 price objective on shares of RingCentral in a report on Saturday, May 9th. Wells Fargo & Company increased their price objective on RingCentral from $32.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Morgan Stanley upped their price target on RingCentral from $33.00 to $40.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Rosenblatt Securities increased their price objective on shares of RingCentral from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, Oppenheimer reiterated an “outperform” rating and set a $50.00 target price on shares of RingCentral in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $43.00.

RingCentral Price Performance

RNG stock traded up $0.96 on Thursday, hitting $38.62. 4,573,203 shares of the company were exchanged, compared to its average volume of 2,050,976. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 41.08, a price-to-earnings-growth ratio of 1.16 and a beta of 1.14. RingCentral has a twelve month low of $23.59 and a twelve month high of $49.85. The business’s fifty day moving average is $40.28 and its two-hundred day moving average is $36.62.

RingCentral (NYSE:RNG) last announced its quarterly earnings results on Thursday, May 7th. The software maker reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. The company had revenue of $644.20 million for the quarter, compared to analyst estimates of $642.73 million. RingCentral had a net margin of 3.31% and a negative return on equity of 33.75%. RingCentral’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the business earned $1.00 EPS. RingCentral has set its FY 2026 guidance at 4.850-5.010 EPS and its Q2 2026 guidance at 1.150-1.170 EPS. Equities research analysts expect that RingCentral will post 2.78 earnings per share for the current year.

RingCentral Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Tuesday, June 2nd were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, June 2nd. RingCentral’s payout ratio is 31.91%.

Insider Buying and Selling

In other news, Director Amy Guggenheim Shenkan sold 1,265 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $40.59, for a total transaction of $51,346.35. Following the completion of the sale, the director owned 29,372 shares in the company, valued at approximately $1,192,209.48. The trade was a 4.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert I. Theis sold 2,530 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $40.28, for a total transaction of $101,908.40. Following the completion of the transaction, the director owned 30,834 shares in the company, valued at $1,241,993.52. The trade was a 7.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 44,498 shares of company stock worth $1,892,586. Corporate insiders own 7.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Invesco Ltd. grew its stake in shares of RingCentral by 43.3% in the fourth quarter. Invesco Ltd. now owns 218,456 shares of the software maker’s stock valued at $6,309,000 after buying an additional 65,975 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in RingCentral by 928.0% in the 4th quarter. Corient Private Wealth LLC now owns 86,537 shares of the software maker’s stock worth $2,499,000 after buying an additional 78,119 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in RingCentral by 108.0% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 20,737 shares of the software maker’s stock valued at $599,000 after purchasing an additional 10,765 shares during the last quarter. Empowered Funds LLC raised its position in shares of RingCentral by 25.5% in the 4th quarter. Empowered Funds LLC now owns 64,549 shares of the software maker’s stock valued at $1,864,000 after purchasing an additional 13,134 shares in the last quarter. Finally, XTX Topco Ltd raised its holdings in RingCentral by 30.7% in the fourth quarter. XTX Topco Ltd now owns 124,794 shares of the software maker’s stock valued at $3,604,000 after acquiring an additional 29,281 shares in the last quarter. 98.61% of the stock is owned by hedge funds and other institutional investors.

About RingCentral

RingCentral, Inc is a leading provider of cloud-based business communications and collaboration solutions. The company’s flagship platform delivers unified communications as a service (UCaaS), integrating voice over IP (VoIP) phone systems, video conferencing, team messaging and SMS into a single, cloud-native application. In addition to its UCaaS offering, RingCentral provides contact center as a service (CCaaS) capabilities, enabling organizations to manage customer interactions across voice, email, chat and social channels from a centralized dashboard.

Founded in 1999 and headquartered in Belmont, California, RingCentral went public on the New York Stock Exchange under the ticker RNG in 2013.