Ringcentral (NYSE:RNG) Announces Earnings Results, Misses Expectations By $0.52 EPS

Ringcentral (NYSE:RNG) released its earnings results on Thursday. The software maker reported $0.62 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.52), Zacks reports. Ringcentral had a net margin of 0.53% and a negative return on equity of 22.38%. Ringcentral updated its FY 2026 guidance to 4.760-4.970 EPS and its Q1 2026 guidance to 1.160-1.190 EPS.

Ringcentral Stock Down 0.3%

Shares of NYSE:RNG traded down $0.08 during midday trading on Thursday, reaching $29.48. 3,814,339 shares of the company were exchanged, compared to its average volume of 2,348,108. The stock has a fifty day simple moving average of $28.24 and a two-hundred day simple moving average of $28.75. The firm has a market cap of $2.55 billion, a PE ratio of 210.56, a P/E/G ratio of 1.20 and a beta of 1.23. Ringcentral has a fifty-two week low of $20.58 and a fifty-two week high of $32.76.

Insider Activity

In other news, CAO Tarun Arora sold 3,888 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $28.70, for a total value of $111,585.60. Following the completion of the transaction, the chief accounting officer directly owned 93,412 shares in the company, valued at approximately $2,680,924.40. This represents a 4.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Vladimir Shmunis sold 46,844 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $26.89, for a total value of $1,259,635.16. Following the completion of 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 114,956 shares of company stock valued at $3,139,914 in the last three months. Company insiders own 7.30% of the company’s stock.

Hedge Funds Weigh In On Ringcentral

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Mangrove Partners IM LLC acquired a new position in shares of Ringcentral during the fourth quarter worth $235,000. Centaurus Financial Inc. raised its stake in Ringcentral by 33.2% during the 3rd quarter. Centaurus Financial Inc. now owns 9,896 shares of the software maker’s stock valued at $280,000 after purchasing an additional 2,464 shares during the period. Mercer Global Advisors Inc. ADV purchased a new position in shares of Ringcentral during the 3rd quarter valued at $283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Ringcentral by 123.5% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,075 shares of the software maker’s stock valued at $115,000 after purchasing an additional 2,252 shares during the last quarter. Finally, Corient Private Wealth LLC acquired a new position in shares of Ringcentral during the 2nd quarter worth about $263,000. 98.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RNG. Zacks Research cut Ringcentral from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 3rd. Rosenblatt Securities restated a “buy” rating and set a $32.00 target price on shares of Ringcentral in a research note on Tuesday, November 4th. Morgan Stanley decreased their target price on Ringcentral from $31.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, January 15th. Needham & Company LLC restated a “buy” rating and issued a $36.00 target price on shares of Ringcentral in a research note on Tuesday, November 4th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Ringcentral in a research report on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Ringcentral presently has a consensus rating of “Hold” and a consensus target price of $31.46.

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.