RingCentral (NYSE:RNG) Issues FY 2026 Earnings Guidance

RingCentral (NYSE:RNG) updated its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 4.960-5.100 for the period, compared to the consensus estimate of 4.500. 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 Q3 2026 guidance to 1.250-1.300 EPS.

Analyst Upgrades and Downgrades

RNG has been the subject of several analyst reports. Rosenblatt Securities boosted their price objective on RingCentral from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Robert W. Baird set a $45.00 price objective on shares of RingCentral in a report on Friday, May 8th. Oppenheimer reissued an “outperform” rating and set a $50.00 target price on shares of RingCentral in a research note on Friday, May 8th. Wells Fargo & Company boosted their price target on shares of RingCentral from $32.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $40.00 price objective on shares of RingCentral in a report on Saturday, May 9th. Three equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, RingCentral currently has an average rating of “Hold” and a consensus target price of $43.00.

RingCentral Trading Up 2.5%

Shares of NYSE RNG traded up $0.96 during midday trading on Thursday, reaching $38.62. The company’s stock had a trading volume of 4,573,203 shares, compared to its average volume of 2,050,976. The company has a 50 day moving average price of $40.28 and a 200 day moving average price of $36.62. RingCentral has a one year low of $23.59 and a one year high of $49.85. The company has a market cap 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 (NYSE:RNG) last issued its earnings results on Thursday, May 7th. The software maker reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. RingCentral had a net margin of 3.31% and a negative return on equity of 33.75%. The firm had revenue of $644.20 million during the quarter, compared to analysts’ expectations of $642.73 million. During the same period last year, the firm posted $1.00 earnings per share. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. RingCentral has set its FY 2026 guidance at 4.850-5.010 EPS and its Q2 2026 guidance at 1.150-1.170 EPS. Research analysts anticipate that RingCentral will post 2.78 earnings per share for the current fiscal year.

RingCentral Dividend Announcement

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

Insider Buying and Selling at RingCentral

In related news, Director Amy Guggenheim Shenkan sold 1,265 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $40.59, for a total value 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. This represents a 4.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Agarwal sold 7,047 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $46.17, for a total transaction of $325,359.99. Following the completion of the transaction, the chief financial officer directly owned 169,282 shares of the company’s stock, valued at $7,815,749.94. This represents a 4.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 44,498 shares of company stock valued at $1,892,586 over the last three months. 7.30% of the stock is owned by insiders.

Institutional Investors Weigh In On RingCentral

A number of institutional investors have recently bought and sold shares of RNG. Harvest Fund Management Co. Ltd purchased a new position in RingCentral during the 3rd quarter valued at about $30,000. Global Retirement Partners LLC lifted its position in RingCentral by 70.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,540 shares of the software maker’s stock worth $44,000 after buying an additional 639 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in 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 buying an additional 925 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new stake in shares of RingCentral during the 4th quarter valued at $55,000. Finally, Parallel Advisors LLC grew its holdings in shares of RingCentral by 43.8% during the 4th quarter. Parallel Advisors LLC now owns 2,230 shares of the software maker’s stock valued at $64,000 after acquiring an additional 679 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors and hedge funds.

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.