RingCentral (NYSE:RNG – Get Free Report) updated its fourth quarter 2026 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 1.320-1.370 for the period, compared to the consensus EPS estimate of 1.240. The company issued revenue guidance of $673.0 million-$680.0 million, compared to the consensus revenue estimate of $672.6 million. RingCentral also updated its FY 2026 guidance to 5.070-5.120 EPS.
RingCentral Trading Up 12.4%
Shares of RingCentral stock opened at $89.30 on Friday. The stock has a market capitalization of $7.46 billion, a price-to-earnings ratio of 69.99, a P/E/G ratio of 1.43 and a beta of 1.10. RingCentral has a 1-year low of $24.14 and a 1-year high of $98.14. The firm’s 50-day moving average price is $73.63 and its two-hundred day moving average price is $54.03.
RingCentral (NYSE:RNG – Get Free Report) last posted its quarterly earnings data on Thursday, October 22nd. The software maker reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.05. RingCentral had a net margin of 4.27% and a negative return on equity of 34.49%. The company had revenue of $676.04 million during the quarter, compared to analyst estimates of $667.30 million. During the same quarter last year, the business posted $1.13 earnings per share. The company’s revenue was up 5.8% on a year-over-year basis. As a group, equities research analysts predict that RingCentral will post 2.89 EPS for the current year.
RingCentral Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, November 6th will be given a dividend of $0.1250 per share. The ex-dividend date is Friday, November 6th. This represents a $0.50 dividend on an annualized basis and a yield of 0.6%. RingCentral’s dividend payout ratio is 40.00%.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on RNG. Evercore set a $90.00 price target on RingCentral in a report on Friday. Rosenblatt Securities reissued a “buy” rating and issued a $50.00 price objective on shares of RingCentral in a research note on Friday, July 24th. Morgan Stanley increased their target price on RingCentral from $41.00 to $91.00 and gave the stock an “equal weight” rating in a report on Friday. Jefferies Financial Group restated a “hold” rating and issued a $75.00 target price on shares of RingCentral in a research note on Friday. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of RingCentral in a report on Friday. Five analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $72.50.
Get Our Latest Analysis on RingCentral
Insider Activity at RingCentral
In other news, CEO Vladimir Shmunis sold 15,556 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $71.78, for a total value of $1,116,609.68. Following the transaction, the chief executive officer owned 190,271 shares of the company’s stock, valued at approximately $13,657,652.38. This trade represents a 7.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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. Also, COO Kira Makagon sold 36,185 shares of RingCentral stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $70.11, for a total transaction of $2,536,930.35. Following the sale, the chief operating officer owned 245,385 shares of the company’s stock, valued at approximately $17,203,942.35. This represents a 12.85% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 84,625 shares of company stock worth $6,024,953. Insiders own 7.30% of the company’s stock.
Trending Headlines about RingCentral
Here are the key news stories impacting RingCentral this week:
- Positive Sentiment: Better-than-expected earnings and guidance: RingCentral reported third-quarter adjusted earnings of $1.33 per share, ahead of the $1.27–$1.28 consensus, while revenue of $676.0 million exceeded estimates of $667.3 million. Earnings rose from $1.13 per share a year earlier, and revenue increased 5.8%. The company also raised fiscal 2026 guidance above analyst expectations, supporting the sharp premarket advance. Why RingCentral Shares Are Trading Higher by 15 Percent
- Positive Sentiment: Analysts raised price targets: Needham lifted its target from $85 to $110 and maintained a “buy” rating, implying substantial upside from the reference price. Morgan Stanley raised its target from $41 to $91, though it kept an “equal weight” rating, signaling a more cautious view.
- Positive Sentiment: New dividend declared: RingCentral announced a quarterly dividend of $0.125 per share, or $0.50 annualized. While the approximately 0.6% yield is modest, the payout may improve shareholder returns and investor confidence.
- Neutral Sentiment: Momentum brings valuation concerns: RingCentral recently reached a new 52-week high, with investor attention focused on artificial-intelligence demand and future growth. Continued gains may depend on the company converting that demand into stronger revenue growth and profitability.
- Negative Sentiment: Shareholder investigation adds legal risk: Levi & Korsinsky announced an investigation into possible fiduciary-duty breaches by certain RingCentral officers and directors. The announcement does not establish wrongdoing, but it could create reputational, litigation, and headline risk for shareholders. Shareholder Alert Regarding RingCentral Investigation
RingCentral Company Profile
RingCentral, Inc is a provider of cloud-based business communications and collaboration solutions. Its platform enables organizations to manage business phone services, team messaging, video meetings, contact center operations and other communications through internet-based applications rather than traditional on-premises systems.
The company’s offerings include RingEX, a unified communications platform that combines voice, messaging and video; RingCentral Video for online meetings and collaboration; and RingCX, a cloud contact center solution.
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