Ringcentral (NYSE:RNG) Issues FY 2025 Earnings Guidance

Ringcentral (NYSE:RNG) updated its FY 2025 earnings guidance on Monday. The company provided EPS guidance of 4.290-4.330 for the period, compared to the consensus EPS estimate of 3.310. The company issued revenue guidance of $2.5 billion-$2.5 billion, compared to the consensus revenue estimate of $2.5 billion. Ringcentral also updated its Q4 2025 guidance to 1.120-1.150 EPS.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Jefferies Financial Group decreased their price target on shares of Ringcentral from $30.00 to $29.00 and set a “hold” rating for the company in a research report on Wednesday, August 6th. Oppenheimer raised shares of Ringcentral from a “market perform” rating to an “outperform” rating and set a $35.00 price objective for the company in a research report on Wednesday, August 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ringcentral in a research report on Wednesday, October 8th. UBS Group decreased their price objective on shares of Ringcentral from $33.00 to $32.00 and set a “neutral” rating for the company in a research report on Wednesday, August 6th. Finally, Morgan Stanley set a $29.00 price objective on shares of Ringcentral in a research report on Tuesday, October 21st. Four investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $31.38.

Ringcentral Trading Down 0.8%

NYSE:RNG traded down $0.25 during midday trading on Monday, hitting $29.87. 3,182,582 shares of the company were exchanged, compared to its average volume of 1,478,093. The company has a fifty day simple moving average of $29.67 and a 200 day simple moving average of $27.96. Ringcentral has a fifty-two week low of $20.58 and a fifty-two week high of $42.19. The company has a market capitalization of $2.70 billion, a PE ratio of -213.32, a price-to-earnings-growth ratio of 1.33 and a beta of 1.32.

Ringcentral (NYSE:RNG) last announced its quarterly earnings results on Monday, November 3rd. The software maker reported $0.41 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.67). Ringcentral had a negative return on equity of 19.63% and a negative net margin of 0.50%. Ringcentral has set its FY 2025 guidance at 4.290-4.330 EPS. Q4 2025 guidance at 1.120-1.150 EPS. As a group, equities research analysts expect that Ringcentral will post 1.29 EPS for the current year.

Insider Buying and Selling at Ringcentral

In other Ringcentral news, CFO Vaibhav Agarwal sold 2,443 shares of Ringcentral stock in a transaction on Monday, August 18th. The shares were sold at an average price of $30.70, for a total value of $75,000.10. Following the transaction, the chief financial officer directly owned 226,448 shares in the company, valued at approximately $6,951,953.60. The trade was a 1.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Vladimir Shmunis sold 46,932 shares of Ringcentral stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $28.95, for a total transaction of $1,358,681.40. Following the completion of the transaction, the chief executive officer owned 462,429 shares in the company, valued at approximately $13,387,319.55. This represents a 9.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 77,430 shares of company stock worth $2,291,052. 6.97% of the stock is owned by company insiders.

Institutional Trading of Ringcentral

A number of institutional investors have recently added to or reduced their stakes in RNG. Corient Private Wealth LLC purchased a new position in Ringcentral during the second quarter worth approximately $263,000. Tidal Investments LLC purchased a new position in shares of Ringcentral in the 2nd quarter valued at $693,000. Man Group plc purchased a new position in shares of Ringcentral in the 2nd quarter valued at $518,000. Lazard Asset Management LLC raised its stake in shares of Ringcentral by 132.4% in the 2nd quarter. Lazard Asset Management LLC now owns 265,963 shares of the software maker’s stock valued at $7,539,000 after acquiring an additional 151,498 shares during the period. Finally, Holocene Advisors LP raised its stake in shares of Ringcentral by 3.1% in the 2nd quarter. Holocene Advisors LP now owns 132,705 shares of the software maker’s stock valued at $3,762,000 after acquiring an additional 4,040 shares during the period. Hedge funds and other institutional investors own 98.61% of the company’s stock.

About Ringcentral

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.