RingCentral (NYSE:RNG) Issues Q3 2026 Earnings Guidance

RingCentral (NYSE:RNG) updated its third quarter 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 1.250-1.300 for the period, compared to the consensus estimate of 1.140. The company issued revenue guidance of $664.0 million-$670.0 million, compared to the consensus revenue estimate of $663.6 million. RingCentral also updated its FY 2026 guidance to 4.960-5.100 EPS.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Piper Sandler boosted their price objective on RingCentral from $40.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday. Jefferies Financial Group reaffirmed a “hold” rating and set a $40.00 price target on shares of RingCentral in a research note on Saturday, May 9th. Robert W. Baird set a $45.00 target price on shares of RingCentral in a report on Friday, May 8th. Oppenheimer reaffirmed an “outperform” rating and issued a $50.00 price target on shares of RingCentral in a report on Friday, May 8th. Finally, Morgan Stanley lifted their price objective on shares of RingCentral from $33.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. Three equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $44.40.

RingCentral Price Performance

RNG opened at $48.33 on Friday. The firm has a fifty day moving average price of $40.41 and a 200 day moving average price of $36.78. RingCentral has a 1 year low of $23.59 and a 1 year high of $50.14. The stock has a market cap of $4.05 billion, a P/E ratio of 38.66, a P/E/G ratio of 1.14 and a beta of 1.14.

RingCentral (NYSE:RNG) last released its earnings results on Thursday, July 23rd. The software maker reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.06. RingCentral had a net margin of 4.27% and a negative return on equity of 34.98%. The business had revenue of $657.01 million during the quarter, compared to analysts’ expectations of $650.53 million. During the same quarter in the previous year, the company earned $1.06 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. RingCentral has set its FY 2026 guidance at 4.960-5.100 EPS and its Q3 2026 guidance at 1.250-1.300 EPS. Equities analysts expect that RingCentral will post 2.78 EPS for the current year.

RingCentral Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.0%. This is a positive change from RingCentral’s previous quarterly dividend of $0.07. The ex-dividend date is Thursday, August 6th. RingCentral’s payout ratio is presently 31.91%.

Insider Transactions at RingCentral

In related news, CAO Tarun Arora sold 3,615 shares of the stock in a transaction on Friday, May 29th. The stock was sold at an average price of $43.00, for a total transaction of $155,445.00. Following the completion of the sale, the chief accounting officer directly owned 68,100 shares of the company’s stock, valued at $2,928,300. This trade represents a 5.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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, Director Robert I. Theis sold 2,530 shares of the business’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $40.28, for a total transaction of $101,908.40. Following the sale, the director owned 30,834 shares in the company, valued at $1,241,993.52. The trade was a 7.58% 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 44,498 shares of company stock valued at $1,892,586 over the last ninety days. Company insiders own 7.30% of the company’s stock.

More RingCentral News

Here are the key news stories impacting RingCentral this week:

• Positive Sentiment: RingCentral reported Q2 EPS of $1.22 versus $1.16 expected and revenue of $657.0 million versus $650.5 million expected, showing a solid beat on both the top and bottom lines. RingCentral Q2 Earnings Report
• Positive Sentiment: The company raised Q3 2026 guidance to EPS of $1.25-$1.30 and revenue of $664 million-$670 million, both above consensus, and lifted FY 2026 EPS guidance to $4.96-$5.10. RingCentral Financial Results
• Positive Sentiment: Management and recent commentary point to stronger subscription growth, higher margins, and expanding AI adoption, which are supporting the improved growth outlook. Zacks Q2 Earnings Article
• Positive Sentiment: RingCentral also announced a 66.7% increase in its quarterly dividend to $0.125 per share, signaling confidence in cash generation and capital returns. Insider Monkey Article
• Neutral Sentiment: Mizuho raised its price target to $40 but kept a neutral rating, which is below the current trading level and suggests some caution on valuation. Mizuho Price Target Update
• Neutral Sentiment: Rosenblatt reaffirmed a buy rating with a $50 target, broadly reinforcing the positive post-earnings sentiment. Rosenblatt Rating Update

Hedge Funds Weigh In On RingCentral

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cerity Partners LLC acquired a new stake in shares of RingCentral during the second quarter valued at about $368,000. Prelude Capital Management LLC acquired a new stake in shares of RingCentral in the 3rd quarter worth about $365,000. Marex Group plc boosted its position in RingCentral by 30.4% during the 4th quarter. Marex Group plc now owns 12,083 shares of the software maker’s stock worth $349,000 after acquiring an additional 2,816 shares during the period. Xponance LLC boosted its holdings in shares of RingCentral by 4.0% in the fourth quarter. Xponance LLC now owns 12,059 shares of the software maker’s stock valued at $348,000 after acquiring an additional 464 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in RingCentral by 7.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 10,313 shares of the software maker’s stock worth $298,000 after acquiring an additional 728 shares during the period. Institutional investors and hedge funds own 98.61% of the company’s stock.

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.