Ringcentral (NYSE:RNG) Updates Q1 2026 Earnings Guidance

Ringcentral (NYSE:RNG) updated its first quarter 2026 earnings guidance on Thursday. The company provided EPS guidance of 1.160-1.190 for the period, compared to the consensus EPS 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.

Analyst Ratings Changes

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

Ringcentral Stock Down 0.3%

Shares of RNG traded down $0.08 during mid-day trading on Thursday, reaching $29.48. The company’s stock had a trading volume of 3,814,338 shares, compared to its average volume of 2,348,105. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 210.56, a price-to-earnings-growth ratio of 1.20 and a beta of 1.23. The business has a fifty day moving average of $28.24 and a 200 day moving average of $28.75. Ringcentral has a 1 year low of $20.58 and a 1 year high of $32.76.

Ringcentral (NYSE:RNG) last issued its quarterly 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 net margin of 0.53% and a negative return on equity of 22.38%. 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, analysts predict that Ringcentral will post 1.29 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Tarun Arora sold 3,888 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $28.70, for a total value of $111,585.60. Following the completion of the sale, the chief accounting officer directly owned 93,412 shares of the company’s stock, valued at $2,680,924.40. This represents a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Vladimir Shmunis sold 46,844 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $26.89, for a total transaction of $1,259,635.16. Following the sale, the chief executive officer owned 317,139 shares of the company’s stock, valued at approximately $8,527,867.71. This represents a 12.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 114,956 shares of company stock worth $3,139,914 over the last quarter. Company insiders own 7.30% of the company’s stock.

Hedge Funds Weigh In On Ringcentral

Several institutional investors and hedge funds have recently modified their holdings of RNG. AQR Capital Management LLC increased its stake in shares of Ringcentral by 35.4% in the fourth quarter. AQR Capital Management LLC now owns 2,003,950 shares of the software maker’s stock worth $57,874,000 after acquiring an additional 523,966 shares during the last quarter. Alyeska Investment Group L.P. purchased a new position in Ringcentral in the third quarter valued at about $53,365,000. Marshall Wace LLP increased its position in Ringcentral by 4.4% in the 3rd quarter. Marshall Wace LLP now owns 1,794,978 shares of the software maker’s stock worth $50,870,000 after purchasing an additional 75,709 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Ringcentral by 0.7% during the 4th quarter. First Trust Advisors LP now owns 1,619,722 shares of the software maker’s stock worth $46,778,000 after purchasing an additional 11,534 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Ringcentral by 5.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,207,947 shares of the software maker’s stock valued at $34,887,000 after buying an additional 58,967 shares during the last quarter. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

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.