RingCentral (RNG)
Combines phone, contact center, collaboration, and voice AI for business communications.
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Sells a cloud communications platform spanning phone, SMS, contact center, workforce engagement, video collaboration, messaging, and voice-oriented AI. Partner channels and migration paths connect legacy PBX customers to cloud communications.
Delivers a cloud communications platform that combines business phone, SMS, contact center, workforce engagement management, video collaboration, and messaging. Its agentic AI portfolio includes autonomous voice agents, in-the-moment assistance, and interaction analysis.
The platform expanded from cloud business phone through chat, video, and interactive-event capabilities. In 2023, it added Hopin's Events and Session product lines to extend specialized video and interactive-event use cases. Enterprise migration paths use partnerships with Avaya and Mitel to connect legacy on-premises PBX customers to cloud communications. Those paths rely on partner channels and legacy-PBX transitions.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 3, 2026 | RBC Capital | Initiate | Rating: —Target: — | Target: $85 |
| Sep 1, 2026 | Oppenheimer | Reiterate | Rating: —Target: $50 | Target: $85 |
| Aug 28, 2026 | Needham | Reiterate | Rating: —Target: $55 | Target: $85 |
| Aug 25, 2026 | Wells Fargo | Reiterate | Rating: —Target: $32 | Target: $65 |
| Jul 24, 2026 | Piper Sandler | Reiterate | Rating: —Target: $37 | Target: $43 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $111.5M · Total debt $1.34B · Total assets $1.38B · Shareholders' equity −$610.4M
- Revenue
- $657.0M
- Operating income
- $50.3M
- Net income
- $39.1M
HistoryDividendAnnual yield
| Institutions | ≈ 102.28% | 85.99M shares | |
|---|---|---|---|
| 390 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 7.21% | 6.06M shares | |
| 13 holders · as of Sep 16, 2026 | |||
| Adds to | 109.49% | ||
84.07M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 109.49%; nothing is left for Other.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Capital World InvestorsInstitution | 13.18% | 11.08M A | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 12.84% | 10.80M A | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 7.73% | 6.50M A | as of Jun 30, 2026 |
Ameriprise Financial IncInstitution | 6.09% | 5.12M A | as of Jun 30, 2026 |
Vladimir Shmunis1Insiderdirector, officer: CEO and Chairman | 5.59% | 179,106 A · 5.46M B | filed Feb 14, 2023 |
- The filed share classes (A, B, COMMON) could not be matched to the company's, so no percentage.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 14, 2026 | Kira Makagon | officer: President and COO | −36,185 | $70.11 |
| Sep 9, 2026 | Tarun Arora | officer: Chief Accounting Officer | −4,172 | $70.36 |
| Sep 2, 2026 | Vaibhav Agarwal | officer: Chief Financial Officer | −7,046 | $72.10 |
| Sep 3, 2026 | Tarun Arora | officer: Chief Accounting Officer | −954 | $77.00 |
| Sep 3, 2026 | Vladimir Shmunis | director, officer: CEO and Chairman | −11,165 | $76.58 |
- Microsoft
Broad UCaaS and collaboration overlap through Teams and Teams Phone
- Zoom Communications
Cloud phone, video, contact center and workforce-management overlap
- Cisco Systems
Enterprise calling and collaboration overlap through Webex
- NiCE (ADR)
CXone overlaps in cloud contact center, WEM and AI customer experience
- 8x8
Integrated UCaaS and CCaaS platform with AI-enabled customer experience
- Five9
Cloud contact-center and workforce-optimization overlap
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| RingCentral | $77.15 | −0.19% | $6.67B | 61.8 | 14.6 | 2.6 | +5.9% |
| Microsoft | $497.83 | −0.75% | $3.72T | 27.9 | 25.4 | 11.2 | +17.8% |
| Zoom Communications | $90.31 | −0.65% | $26.65B | 8.4 | 14.7 | 5.3 | +4.9% |
| Cisco Systems | $107.26 | −3.77% | $439.31B | 33.5 | 21.0 | 6.9 | +17.6% |
| NiCE (ADR) | $118.22 | +3.21% | $6.71B | 16.6 | 9.9 | 2.2 | +7.7% |
| 8x8 | $1.94 | +3.48% | $265.1M | 58.6 | 5.4 | 0.4 | +4.8% |
| Five9 | $38.10 | +2.93% | $2.83B | 53.6 | 10.5 | 2.4 | +10.3% |
| Median | 30.7 | 12.6 | 3.8 | +9.0% |