RingCentral (NYSE:RNG) Updates Q1 2025 Earnings Guidance

RingCentral (NYSE:RNG) issued an update on its first quarter 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.930-0.970 for the period, compared to the consensus earnings per share estimate of 1.010. The company issued revenue guidance of $607.0 million-$612.0 million, compared to the consensus revenue estimate of $627.5 million. RingCentral also updated its FY 2025 guidance to 4.130-4.270 EPS.

RingCentral Stock Performance

Shares of RNG stock traded down $0.96 on Thursday, hitting $30.78. The stock had a trading volume of 2,386,837 shares, compared to its average volume of 1,130,569. RingCentral has a 52-week low of $26.98 and a 52-week high of $42.19. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of -29.04, a P/E/G ratio of 1.39 and a beta of 1.01. The stock’s 50 day moving average is $35.24 and its 200-day moving average is $34.32.

RingCentral (NYSE:RNG) last posted its quarterly earnings data on Thursday, February 20th. The software maker reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.73). RingCentral had a negative net margin of 4.17% and a negative return on equity of 2.55%. Equities analysts expect that RingCentral will post 0.84 earnings per share for the current year.

Analyst Ratings Changes

RNG has been the topic of a number of research analyst reports. StockNews.com downgraded shares of RingCentral from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 12th. Wells Fargo & Company reiterated an “underweight” rating and set a $30.00 price objective (down from $38.00) on shares of RingCentral in a research note on Tuesday, January 7th. Wedbush raised their price target on shares of RingCentral from $36.00 to $41.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Raymond James restated an “outperform” rating and issued a $45.00 price target (down from $50.00) on shares of RingCentral in a research report on Friday, January 3rd. Finally, Needham & Company LLC restated a “buy” rating and issued a $42.00 price target on shares of RingCentral in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $40.60.

Insider Buying and Selling

In other RingCentral news, Director Ned D. Segal sold 2,914 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $41.60, for a total transaction of $121,222.40. Following the transaction, the director now owns 10,633 shares of the company’s stock, valued at approximately $442,332.80. This trade represents a 21.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP John H. Marlow sold 8,720 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $42.05, for a total transaction of $366,676.00. Following the transaction, the senior vice president now directly owns 334,869 shares in the company, valued at approximately $14,081,241.45. The trade was a 2.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,091 shares of company stock valued at $542,958 in the last quarter. Company insiders own 6.97% 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.