RingCentral (NYSE:RNG) Updates Q2 2026 Earnings Guidance

RingCentral (NYSE:RNG) issued an update on its second quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.150-1.170 for the period, compared to the consensus earnings per share estimate of 1.060. The company issued revenue guidance of $648.0 million-$653.0 million, compared to the consensus revenue estimate of $648.9 million. RingCentral also updated its FY 2026 guidance to 4.850-5.010 EPS.

RingCentral Trading Down 0.6%

Shares of RingCentral stock traded down $0.27 during trading hours on Thursday, reaching $45.45. 3,854,026 shares of the company’s stock were exchanged, compared to its average volume of 2,252,332. RingCentral has a 52-week low of $23.59 and a 52-week high of $48.57. The firm has a market capitalization of $3.93 billion, a price-to-earnings ratio of 94.70, a price-to-earnings-growth ratio of 1.83 and a beta of 1.13. The company has a fifty day moving average of $38.55 and a 200-day moving average of $32.04.

RingCentral (NYSE:RNG) last issued its quarterly earnings results on Thursday, February 19th. The software maker reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. The company had revenue of $644.03 million for the quarter, compared to analyst estimates of $643.52 million. RingCentral had a negative return on equity of 28.14% and a net margin of 1.73%.The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.98 EPS. 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, equities research analysts anticipate that RingCentral will post 2.68 earnings per share for the current fiscal year.

RingCentral Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 9th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, March 9th. RingCentral’s dividend payout ratio (DPR) is 62.50%.

Analysts Set New Price Targets

Several brokerages recently weighed in on RNG. Piper Sandler increased their target price on RingCentral from $28.00 to $37.00 and gave the stock a “neutral” rating in a research report on Monday, February 23rd. UBS Group set a $38.00 price target on RingCentral in a report on Friday, February 20th. Rosenblatt Securities increased their price target on RingCentral from $32.00 to $37.50 and gave the company a “buy” rating in a report on Friday, February 20th. Mizuho increased their price target on RingCentral from $27.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Finally, Needham & Company LLC increased their price target on RingCentral from $36.00 to $55.00 and gave the company a “buy” rating in a report on Friday, March 13th. Four research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $35.63.

Insider Buying and Selling

In other news, COO Kira Makagon sold 5,870 shares of the firm’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $40.27, for a total transaction of $236,384.90. Following the completion of the sale, the chief operating officer directly owned 236,715 shares in the company, valued at $9,532,513.05. This trade represents a 2.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Tarun Arora sold 953 shares of the firm’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $43.00, for a total value of $40,979.00. Following the sale, the chief accounting officer owned 74,539 shares of the company’s stock, valued at $3,205,177. This represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 259,854 shares of company stock valued at $9,312,708 in the last 90 days. 7.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On RingCentral

A number of hedge funds have recently bought and sold shares of RNG. Harvest Fund Management Co. Ltd acquired a new position in RingCentral in the third quarter valued at approximately $30,000. Global Retirement Partners LLC boosted its stake in RingCentral by 70.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,540 shares of the software maker’s stock valued at $44,000 after acquiring an additional 639 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of RingCentral by 103.0% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,823 shares of the software maker’s stock valued at $52,000 after buying an additional 925 shares during the last quarter. Atlas Capital Advisors Inc. bought a new stake in shares of RingCentral during the fourth quarter valued at approximately $55,000. Finally, Parallel Advisors LLC raised its holdings in shares of RingCentral by 43.8% during the fourth 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 during 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.