Ringcentral (NYSE:RNG) Updates Q1 2026 Earnings Guidance

Ringcentral (NYSE:RNG) issued an update on its first quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.160-1.190 for the period, compared to the consensus estimate of 0.840. The company issued revenue guidance of $640.0 million-$645.0 million, compared to the consensus revenue estimate of $640.1 million. Ringcentral also updated its FY 2026 guidance to 4.760-4.970 EPS.

Wall Street Analyst Weigh In

Several analysts have commented on RNG shares. Rosenblatt Securities reissued a “buy” rating and issued a $32.00 target price on shares of Ringcentral in a research report on Tuesday, November 4th. Morgan Stanley reduced their price objective on shares of Ringcentral from $31.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, January 15th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Ringcentral in a report on Monday, December 29th. Zacks Research downgraded shares of Ringcentral from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 3rd. Finally, Needham & Company LLC restated a “buy” rating and set a $36.00 target price on shares of Ringcentral in a report on Tuesday, November 4th. Four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $31.46.

Ringcentral Price Performance

Shares of NYSE RNG traded down $0.08 during trading hours on Thursday, hitting $29.48. 3,814,338 shares of the stock were exchanged, compared to its average volume of 2,348,105. Ringcentral has a one year low of $20.58 and a one year high of $32.76. The company’s 50 day moving average is $28.24 and its 200 day moving average is $28.75. The firm has a market capitalization of $2.55 billion, a P/E ratio of 210.56, a P/E/G ratio of 1.20 and a beta of 1.23.

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

Insiders Place Their Bets

In other news, COO Kira Makagon sold 6,495 shares of the stock in a transaction that occurred on Friday, December 26th. The stock was sold at an average price of $29.22, for a total value of $189,783.90. Following the completion of the sale, the chief operating officer directly owned 336,162 shares of the company’s stock, valued at approximately $9,822,653.64. This represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Vladimir Shmunis sold 27,018 shares of the business’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $27.68, for a total transaction of $747,858.24. Following the transaction, the chief executive officer directly owned 262,240 shares in the company, valued at $7,258,803.20. This trade represents a 9.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 114,956 shares of company stock worth $3,139,914 in the last 90 days. 7.30% of the stock is owned by company insiders.

Institutional Trading of Ringcentral

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Harvest Fund Management Co. Ltd acquired a new stake in Ringcentral during the third quarter valued at approximately $30,000. Global Retirement Partners LLC raised its holdings in shares of 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 shares of Ringcentral by 103.0% during 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 during the period. Atlas Capital Advisors Inc. acquired a new stake in Ringcentral in the 4th quarter valued at $55,000. Finally, Parallel Advisors LLC boosted its stake in Ringcentral by 43.8% in the 4th quarter. Parallel Advisors LLC now owns 2,230 shares of the software maker’s stock valued at $64,000 after buying an additional 679 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors and hedge funds.

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.