Ringcentral (NYSE:RNG) Issues FY 2026 Earnings Guidance

Ringcentral (NYSE:RNG) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 4.760-4.970 for the period, compared to the consensus estimate of 3.850. The company issued revenue guidance of $2.6 billion-$2.6 billion, compared to the consensus revenue estimate of $2.6 billion. Ringcentral also updated its Q1 2026 guidance to 1.160-1.190 EPS.

Wall Street Analysts Forecast Growth

RNG has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Ringcentral in a research report on Monday, December 29th. Morgan Stanley cut their price target on shares of Ringcentral from $31.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. Rosenblatt Securities restated a “buy” rating and issued a $32.00 price objective on shares of Ringcentral in a report on Tuesday, November 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $36.00 target price on shares of Ringcentral in a research report on Tuesday, November 4th. Finally, Zacks Research lowered shares of Ringcentral from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 3rd. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Ringcentral currently has a consensus rating of “Hold” and a consensus target price of $31.46.

Ringcentral Stock Down 0.3%

Shares of NYSE:RNG traded down $0.08 during midday trading on Thursday, reaching $29.48. The company’s stock had a trading volume of 3,814,338 shares, compared to its average volume of 2,348,105. The firm has a 50 day moving average of $28.24 and a 200-day moving average of $28.75. The firm has a market capitalization of $2.55 billion, a P/E ratio of 210.56, a PEG ratio of 1.20 and a beta of 1.23. Ringcentral has a 12-month low of $20.58 and a 12-month high of $32.76.

Ringcentral (NYSE:RNG) last issued its quarterly earnings results on Thursday, February 19th. The software maker reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.52). Ringcentral had a net margin of 0.53% and a negative return on equity of 22.38%. Ringcentral has set its FY 2026 guidance at 4.760-4.970 EPS and its Q1 2026 guidance at 1.160-1.190 EPS. On average, research analysts predict that Ringcentral will post 1.29 EPS for the current year.

Insider Buying and Selling

In other news, CFO Vaibhav Agarwal sold 14,971 shares of the firm’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $25.96, for a total transaction of $388,647.16. Following the completion of the transaction, the chief financial officer directly owned 165,593 shares in the company, valued at $4,298,794.28. This trade represents a 8.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Tarun Arora sold 3,888 shares of Ringcentral stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $28.70, for a total value of $111,585.60. Following the completion of the transaction, the chief accounting officer directly owned 93,412 shares of the company’s stock, valued at approximately $2,680,924.40. This represents a 4.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 114,956 shares of company stock worth $3,139,914. 7.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RNG. Empowered Funds LLC lifted its stake in Ringcentral by 9.0% during the 1st quarter. Empowered Funds LLC now owns 11,417 shares of the software maker’s stock valued at $283,000 after acquiring an additional 940 shares during the period. Woodline Partners LP lifted its position in Ringcentral by 14.8% during the first quarter. Woodline Partners LP now owns 159,474 shares of the software maker’s stock valued at $3,949,000 after purchasing an additional 20,518 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Ringcentral by 2.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 261,190 shares of the software maker’s stock worth $6,467,000 after purchasing an additional 5,398 shares during the last quarter. Creative Planning purchased a new stake in Ringcentral in the second quarter worth approximately $274,000. Finally, Invesco Ltd. grew its position in Ringcentral by 10.8% in the 2nd quarter. Invesco Ltd. now owns 137,935 shares of the software maker’s stock worth $3,910,000 after purchasing an additional 13,446 shares during the period. Institutional investors own 98.61% of the company’s stock.

Ringcentral Company Profile

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.