RingCentral (NYSE:RNG) Releases 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 4.850-5.010 for the period, compared to the consensus estimate of 4.420. 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 Q2 2026 guidance to 1.150-1.170 EPS.

RingCentral Stock Performance

Shares of RNG opened at $45.73 on Friday. The company has a 50-day simple moving average of $38.76 and a 200-day simple moving average of $32.17. The firm has a market capitalization of $3.96 billion, a P/E ratio of 48.64, a P/E/G ratio of 1.74 and a beta of 1.13. RingCentral has a 52 week low of $23.59 and a 52 week high of $48.57.

RingCentral (NYSE:RNG) last announced its quarterly earnings data on Thursday, May 7th. The software maker reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. The business had revenue of $644.20 million during 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 34.90%. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.00 earnings per share. RingCentral has set its FY 2026 guidance at 4.850-5.010 EPS and its Q2 2026 guidance at 1.150-1.170 EPS. As a group, equities analysts forecast that RingCentral will post 2.68 earnings per share for the current year.

RingCentral Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Tuesday, June 2nd will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Tuesday, June 2nd. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.7%. RingCentral’s dividend payout ratio is currently 62.50%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Morgan Stanley upped their target price on RingCentral from $30.00 to $33.00 and gave the company an “equal weight” rating in a research note on Friday, February 20th. Rosenblatt Securities upped their target price on RingCentral from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Friday. Mizuho upped their target price on RingCentral from $27.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, February 20th. Robert W. Baird set a $45.00 target price on RingCentral in a research note on Friday. Finally, Wells Fargo & Company upped their target price on RingCentral from $32.00 to $43.00 and gave the company an “equal weight” rating in a research note on Friday. Three investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, RingCentral presently has an average rating of “Hold” and an average price target of $41.20.

Insider Buying and Selling

In other news, COO Kira Makagon sold 46,960 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $35.49, for a total transaction of $1,666,610.40. Following the completion of the sale, the chief operating officer owned 369,524 shares of the company’s stock, valued at approximately $13,114,406.76. This trade represents a 11.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Tarun Arora sold 8,840 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $40.69, for a total transaction of $359,699.60. Following the sale, the chief accounting officer directly owned 75,492 shares of the company’s stock, valued at approximately $3,071,769.48. The trade was a 10.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 259,854 shares of company stock valued at $9,312,708. 7.30% of the stock is owned by insiders.

RingCentral News Roundup

Here are the key news stories impacting RingCentral this week:

• Positive Sentiment: RingCentral reported Q1 earnings of $1.20 per share, above estimates, with revenue of about $644 million also slightly ahead of expectations. Management said subscription revenue rose about 6% year over year, helped by AI product adoption and expanding margins. RingCentral Announces First Quarter 2026 Financial Results
• Positive Sentiment: The company lifted its full-year 2026 guidance, with EPS now expected above prior consensus and Q2 guidance also coming in above estimates. That stronger outlook suggests improving profitability and execution. RingCentral Q1 Earnings Surpass Estimates, Revenues Increase Y/Y
• Positive Sentiment: Analysts turned more constructive after the report, with Rosenblatt raising its price target to $50 and Wells Fargo lifting its target to $43, reflecting improved expectations around the business. Analyst price target updates
• Positive Sentiment: RingCentral also highlighted new AI-focused product momentum, including “Always-On AI” and recognition as a top provider for AI-powered CCaaS and workforce engagement management, which may support the long-term growth narrative. RingCentral Brings Always-On AI to the Front Lines of Customer Engagement
• Neutral Sentiment: The company announced a quarterly dividend of $0.075 per share, but the yield is modest and the payout is unlikely to be a major driver of the stock. RingCentral stock information

Institutional Trading of RingCentral

Hedge funds have recently modified their holdings of the company. Mangrove Partners IM LLC bought a new position in shares of RingCentral in the fourth quarter valued at about $235,000. Centaurus Financial Inc. raised its holdings in shares of RingCentral by 33.2% in the third quarter. Centaurus Financial Inc. now owns 9,896 shares of the software maker’s stock valued at $280,000 after buying an additional 2,464 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of RingCentral in the third quarter valued at about $283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of RingCentral by 123.5% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,075 shares of the software maker’s stock valued at $115,000 after purchasing an additional 2,252 shares in the last quarter. Finally, Corient Private Wealth LLC acquired a new stake in shares of RingCentral in the second quarter valued at approximately $263,000. Institutional investors and hedge funds 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.