Ringcentral (NYSE:RNG) Issues FY 2025 Earnings Guidance

Ringcentral (NYSE:RNG) updated its FY 2025 earnings guidance on Monday. The company provided EPS guidance of 4.290-4.330 for the period, compared to the consensus EPS estimate of 3.310. The company issued revenue guidance of $2.5 billion-$2.5 billion, compared to the consensus revenue estimate of $2.5 billion. Ringcentral also updated its Q4 2025 guidance to 1.120-1.150 EPS.

Ringcentral Price Performance

Shares of Ringcentral stock traded down $0.25 on Monday, reaching $29.87. 3,190,930 shares of the company traded hands, compared to its average volume of 1,478,150. The company has a 50 day moving average of $29.67 and a 200 day moving average of $27.96. Ringcentral has a 52 week low of $20.58 and a 52 week high of $42.19. The firm has a market capitalization of $2.70 billion, a PE ratio of -213.32, a PEG ratio of 1.33 and a beta of 1.32.

Ringcentral (NYSE:RNG) last posted its quarterly earnings data on Monday, November 3rd. The software maker reported $0.41 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.67). Ringcentral had a negative net margin of 0.50% and a negative return on equity of 19.63%. Ringcentral has set its FY 2025 guidance at 4.290-4.330 EPS. Q4 2025 guidance at 1.120-1.150 EPS. As a group, analysts anticipate that Ringcentral will post 1.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Jefferies Financial Group decreased their price objective on Ringcentral from $30.00 to $29.00 and set a “hold” rating for the company in a report on Wednesday, August 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Ringcentral in a research report on Wednesday, October 8th. UBS Group cut their price objective on shares of Ringcentral from $33.00 to $32.00 and set a “neutral” rating for the company in a report on Wednesday, August 6th. Morgan Stanley set a $29.00 target price on shares of Ringcentral in a report on Tuesday, October 21st. Finally, Oppenheimer raised Ringcentral from a “market perform” rating to an “outperform” rating and set a $35.00 price target for the company in a report on Wednesday, August 6th. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $31.38.

Insider Activity at Ringcentral

In related news, CFO Vaibhav Agarwal sold 2,443 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $30.70, for a total value of $75,000.10. Following the transaction, the chief financial officer directly owned 226,448 shares in the company, valued at approximately $6,951,953.60. This represents a 1.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Tarun Arora sold 1,037 shares of Ringcentral stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $31.09, for a total transaction of $32,240.33. Following the sale, the chief accounting officer owned 110,626 shares of the company’s stock, valued at approximately $3,439,362.34. The trade was a 0.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 77,430 shares of company stock valued at $2,291,052. Company insiders own 6.97% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Ringcentral by 103.0% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,823 shares of the software maker’s stock worth $52,000 after purchasing an additional 925 shares in the last quarter. Corient Private Wealth LLC bought a new stake in Ringcentral in the 2nd quarter worth approximately $263,000. Creative Planning bought a new position in Ringcentral during the second quarter valued at approximately $274,000. Empowered Funds LLC raised its stake in shares of Ringcentral by 9.0% during the first quarter. Empowered Funds LLC now owns 11,417 shares of the software maker’s stock worth $283,000 after acquiring an additional 940 shares in the last quarter. Finally, Cerity Partners LLC bought a new stake in shares of Ringcentral in the 2nd quarter worth approximately $368,000. Institutional investors own 98.61% of the company’s stock.

Ringcentral Company Profile

RingCentral, Inc, together with its subsidiaries, provides cloud communications, video meetings, collaboration, and contact center software-as-a-service solutions worldwide. The company’s products include RingCentral Message Video Phone that provides a unified experience for communication and collaboration across multiple modes, including HD voice, video, SMS, messaging and collaboration, conferencing, online meetings, and fax; RingCentral Contact Center, a collaborative contact center solution that delivers AI-powered omnichannel and workforce engagement solutions with integrated RingCentral MVP; and RingCX, an AI-powered contact center that a native delivers omnichannel experience.