Ringcentral (NYSE:RNG) Reaches New 52-Week High Following Strong Earnings

Shares of Ringcentral, Inc. (NYSE:RNG) reached a new 52-week high during trading on Friday following a stronger than expected earnings report. The stock traded as high as $38.64 and last traded at $40.0320, with a volume of 1560093 shares. The stock had previously closed at $29.39.

The software maker reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.04. The firm had revenue of $644.03 million during the quarter, compared to the consensus estimate of $643.52 million. Ringcentral had a negative return on equity of 29.05% and a net margin of 1.73%.Ringcentral’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the business posted $0.98 EPS. Ringcentral has set its FY 2026 guidance at 4.760-4.970 EPS and its Q1 2026 guidance at 1.160-1.190 EPS.

Ringcentral Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 9th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, March 9th.

Key Headlines Impacting Ringcentral

Here are the key news stories impacting Ringcentral this week:

• Positive Sentiment: Q4 beat and stronger guidance — RNG reported $1.18 EPS and $644.0M revenue, topping estimates, with subscription sales and margins improving; management raised FY‑2026 EPS and Q1 EPS guidance well above Street expectations, underpinning the move higher. MarketBeat Q4 release
• Positive Sentiment: AI momentum cited as driver — Management and coverage note that RingCentral’s AI features are lifting bookings and revenue trends, helping convince investors that the company can sustain growth vs. other software names. CNBC AI / rally article
• Positive Sentiment: Earnings coverage and analyst commentary reinforce the beat — Multiple outlets and earnings notes highlight improved subscription trends and margin expansion, supporting investor confidence in the company’s execution. Zacks Q4 coverage
• Positive Sentiment: Unusual call buying — Options flow showed a large spike in call purchases, signaling speculative or institutional bullish positioning that can amplify intraday moves. Options activity note
• Neutral Sentiment: Analyst target updates mixed — Rosenblatt raised its price target and maintained a buy rating, a supportive signal, though some targets and commentary vary across brokers. Benzinga note
• Neutral Sentiment: Small quarterly dividend declared — RingCentral announced a $0.075 per‑share dividend (ex‑dividend March 9), a modest yield that is unlikely to be a major stock mover. Dividend announcement
• Negative Sentiment: Valuation and risk attention — Coverage of RNG joining S&P indices also flags valuation and other risks, which could cap upside if investors focus on stretched multiples and execution risks. Yahoo S&P indices article
• Negative Sentiment: Profitability metrics still mixed — Reports note a very low net margin and negative return on equity, which may keep longer‑term skeptics cautious despite the quarter’s beat. Earnings call transcript

Analyst Ratings Changes

Several research firms have weighed in on RNG. Morgan Stanley dropped their target price on shares of Ringcentral from $31.00 to $30.00 and set an “equal weight” rating for the company in a report on Thursday, January 15th. Rosenblatt Securities increased their price target on shares of Ringcentral from $32.00 to $37.50 and gave the company a “buy” rating in a research report on Friday. Zacks Research cut shares of Ringcentral from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 3rd. UBS Group set a $38.00 price objective on Ringcentral in a research report on Friday. Finally, Weiss Ratings reiterated 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, nine have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $32.88.

Insider Transactions at Ringcentral

In related news, CAO Tarun Arora sold 3,888 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $28.70, for a total transaction of $111,585.60. Following the sale, the chief accounting officer owned 93,412 shares in the company, valued at approximately $2,680,924.40. This trade represents a 4.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Kira Makagon sold 6,495 shares of Ringcentral stock in a transaction that occurred on Friday, December 26th. The stock was sold at an average price of $29.22, for a total transaction of $189,783.90. Following the completion of the sale, the chief operating officer directly owned 336,162 shares of the company’s stock, valued at $9,822,653.64. The trade was a 1.90% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 53,141 shares of company stock worth $1,491,632 over the last ninety days. 7.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Ringcentral

Several hedge funds have recently made changes to their positions in RNG. Empowered Funds LLC grew its position in shares of Ringcentral by 9.0% in the first quarter. Empowered Funds LLC now owns 11,417 shares of the software maker’s stock valued at $283,000 after purchasing an additional 940 shares during the period. Woodline Partners LP boosted its stake in Ringcentral by 14.8% in the 1st quarter. Woodline Partners LP now owns 159,474 shares of the software maker’s stock worth $3,949,000 after buying an additional 20,518 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Ringcentral by 2.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 261,190 shares of the software maker’s stock valued at $6,467,000 after buying an additional 5,398 shares during the period. CWM LLC increased its stake in shares of Ringcentral by 290.8% during the 2nd quarter. CWM LLC now owns 9,019 shares of the software maker’s stock valued at $256,000 after acquiring an additional 6,711 shares during the last quarter. Finally, AlphaQuest LLC increased its stake in shares of Ringcentral by 23.7% during the 2nd quarter. AlphaQuest LLC now owns 43,752 shares of the software maker’s stock valued at $1,240,000 after acquiring an additional 8,371 shares during the last quarter. Institutional investors and hedge funds own 98.61% of the company’s stock.

Ringcentral Stock Performance

The company’s fifty day moving average price is $28.38 and its two-hundred day moving average price is $28.90. The firm has a market capitalization of $3.42 billion, a PE ratio of 82.29, a price-to-earnings-growth ratio of 1.63 and a beta of 1.23.

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.