Ringcentral (NYSE:RNG) Reaches New 52-Week High on Better-Than-Expected Earnings

Ringcentral, Inc. (NYSE:RNG)’s share price hit a new 52-week high during trading on Friday after the company announced better than expected quarterly earnings. The company traded as high as $38.64 and last traded at $40.0320, with a volume of 1560093 shares traded. The stock had previously closed at $29.39.

The software maker reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.04. The company had revenue of $644.03 million for the quarter, compared to analysts’ expectations of $643.52 million. Ringcentral had a negative return on equity of 29.05% and a net margin of 1.73%.The business’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 9th will be given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a 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 Upgrades and Downgrades

A number of research analysts recently weighed in on RNG shares. Oppenheimer reissued an “outperform” rating on shares of Ringcentral in a report on Friday. Mizuho lifted their price objective on shares of Ringcentral from $27.00 to $32.00 and gave the stock a “neutral” rating in a research report on Friday. Rosenblatt Securities upped their price objective on shares of Ringcentral from $32.00 to $37.50 and gave the company a “buy” rating in a report on Friday. UBS Group set a $38.00 price objective on shares of Ringcentral in a research report on Friday. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Ringcentral in a report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $32.88.

Insider Activity

In other Ringcentral news, COO Kira Makagon sold 6,495 shares of the business’s stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $29.22, for a total value of $189,783.90. Following the completion of the sale, the chief operating officer owned 336,162 shares of the company’s stock, valued at $9,822,653.64. The trade was a 1.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Vladimir Shmunis sold 27,018 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $27.68, for a total transaction of $747,858.24. Following the transaction, the chief executive officer directly owned 262,240 shares in the company, valued at $7,258,803.20. This represents a 9.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 53,141 shares of company stock valued at $1,491,632. 7.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ringcentral

Institutional investors have recently made changes to their positions in the stock. Global Retirement Partners LLC increased its stake in Ringcentral by 98.5% during the 3rd quarter. Global Retirement Partners LLC now owns 901 shares of the software maker’s stock worth $26,000 after acquiring an additional 447 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Ringcentral by 269.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,012 shares of the software maker’s stock worth $29,000 after purchasing an additional 738 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Ringcentral in the third quarter worth $30,000. Jones Financial Companies Lllp raised its stake in Ringcentral by 61.6% in the third quarter. Jones Financial Companies Lllp now owns 1,217 shares of the software maker’s stock valued at $37,000 after purchasing an additional 464 shares in the last quarter. Finally, Covestor Ltd raised its stake in Ringcentral by 198.5% in the fourth quarter. Covestor Ltd now owns 1,594 shares of the software maker’s stock valued at $46,000 after purchasing an additional 1,060 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors.

Ringcentral Price Performance

The firm has a market cap of $3.42 billion, a P/E ratio of 82.29, a PEG ratio of 1.21 and a beta of 1.23. The company’s 50-day moving average is $28.38 and its two-hundred day moving average is $28.87.

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.