RingCentral (RNG)
Market Price (7/26/2026): $48.39 | Market Cap: $4.1 BilSector: Information Technology | Industry: Application Software
RingCentral (RNG)
Market Price (7/26/2026): $48.39Market Cap: $4.1 BilSector: Information TechnologyIndustry: Application Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 26%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 22% Attractive yieldFCF Yield is 14% Megatrend and thematic driversMegatrends include Cloud Computing, and Future of Work. Themes include Software as a Service (SaaS), Unified Communications as a Service (UCaaS), Show more. | Trading close to highsDist 52W High is -1.5%, Dist 3Y High is -1.5% Weak multi-year price returns3Y Excs Rtn is -49% Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 10% | Key risksRNG key risks include [1] a weak competitive moat, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 26%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 22% |
| Attractive yieldFCF Yield is 14% |
| Megatrend and thematic driversMegatrends include Cloud Computing, and Future of Work. Themes include Software as a Service (SaaS), Unified Communications as a Service (UCaaS), Show more. |
| Trading close to highsDist 52W High is -1.5%, Dist 3Y High is -1.5% |
| Weak multi-year price returns3Y Excs Rtn is -49% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 10% |
| Key risksRNG key risks include [1] a weak competitive moat, Show more. |
Qualitative Assessment
AI Analysis | Feedback
RingCentral (RNG) stock has gained about 30% since 3/31/2026 because of the following key factors:
1. RingCentral delivered strong financial results for both fiscal Q1 2026 and fiscal Q2 2026, consistently surpassing analyst expectations and raising its full-year guidance.
For fiscal Q2 2026, reported on July 23, 2026, the company announced an EPS of $1.22, beating the consensus estimate of $1.16 by $0.06. Revenue for the quarter reached $657.01 million, exceeding analysts' expectations of $650.53 million. Following these results, RingCentral increased its full-year 2026 guidance for total revenue to a range of $2.635-$2.646 billion and non-GAAP EPS to $4.96-$5.10 per share. Similarly, after its fiscal Q1 2026 earnings, reported on May 7, 2026, the company had already raised its full-year 2026 outlook for revenue, margins, and free cash flow.
2. The company demonstrated accelerating adoption and strategic focus on AI-powered solutions, enhancing its market position in cloud communications.
In fiscal Q1 2026, RingCentral reported that its AI-using customer base more than doubled year-over-year, with annual recurring revenue (ARR) from these customers also more than doubling and accounting for over 10% of total ARR. The Q2 2026 earnings further underscored increased demand for its AI-driven products, solidifying AI as a significant growth driver. This strategic emphasis positions RingCentral as a leader in AI-powered business communications and customer engagement.
Show more
RingCentral (RNG) stock has gained about 30% since 3/31/2026 because of the following key factors:
1. RingCentral delivered strong financial results for both fiscal Q1 2026 and fiscal Q2 2026, consistently surpassing analyst expectations and raising its full-year guidance.
For fiscal Q2 2026, reported on July 23, 2026, the company announced an EPS of $1.22, beating the consensus estimate of $1.16 by $0.06. Revenue for the quarter reached $657.01 million, exceeding analysts' expectations of $650.53 million. Following these results, RingCentral increased its full-year 2026 guidance for total revenue to a range of $2.635-$2.646 billion and non-GAAP EPS to $4.96-$5.10 per share. Similarly, after its fiscal Q1 2026 earnings, reported on May 7, 2026, the company had already raised its full-year 2026 outlook for revenue, margins, and free cash flow.
2. The company demonstrated accelerating adoption and strategic focus on AI-powered solutions, enhancing its market position in cloud communications.
In fiscal Q1 2026, RingCentral reported that its AI-using customer base more than doubled year-over-year, with annual recurring revenue (ARR) from these customers also more than doubling and accounting for over 10% of total ARR. The Q2 2026 earnings further underscored increased demand for its AI-driven products, solidifying AI as a significant growth driver. This strategic emphasis positions RingCentral as a leader in AI-powered business communications and customer engagement.
3. RingCentral improved its capital allocation strategy, strengthening its financial health and commitment to shareholder returns.
The company repaid $609 million in Convertible Senior Notes that matured in March 2026, eliminating significant debt maturities until 2030. Concurrently, RingCentral initiated a quarterly cash dividend of $0.075 per share in fiscal Q1 2026 and subsequently increased this dividend by 66.7% to $0.125 per share in fiscal Q2 2026. This was supported by strong free cash flow, which climbed 24.8% to $180 million in fiscal Q2 2026.
4. Expanded strategic partnerships contributed to positive investor sentiment and market growth.
Following the Q2 2026 earnings, analysts highlighted RingCentral's expanded and extended partnership with NICE and a restructured relationship with Avaya as key positive factors. Furthermore, during March 2026, Cox Business and Spectrum Business launched new AI-first contact center solutions powered by RingCentral's RingCX, broadening the company's B2B product portfolio and market reach.
Show less
Stock Movement Drivers
Fundamental Drivers
The 30.1% change in RNG stock from 3/31/2026 to 7/25/2026 was primarily driven by a 147.3% change in the company's Net Income Margin (%).| (LTM values as of) | 3312026 | 7252026 | Change |
|---|---|---|---|
| Stock Price ($) | 37.13 | 48.31 | 30.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,515 | 2,584 | 2.7% |
| Net Income Margin (%) | 1.7% | 4.3% | 147.3% |
| P/E Multiple | 73.7 | 36.8 | -50.0% |
| Shares Outstanding (Mil) | 86 | 84 | 2.4% |
| Cumulative Contribution | 30.1% |
Market Drivers
3/31/2026 to 7/25/2026| Return | Correlation | |
|---|---|---|
| RNG | 30.1% | |
| Market (SPY) | 13.6% | 7.2% |
| Sector (XLK) | 32.3% | 4.1% |
Fundamental Drivers
The 67.8% change in RNG stock from 12/31/2025 to 7/25/2026 was primarily driven by a 701.3% change in the company's Net Income Margin (%).| (LTM values as of) | 12312025 | 7252026 | Change |
|---|---|---|---|
| Stock Price ($) | 28.78 | 48.31 | 67.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,486 | 2,584 | 4.0% |
| Net Income Margin (%) | 0.5% | 4.3% | 701.3% |
| P/E Multiple | 196.0 | 36.8 | -81.2% |
| Shares Outstanding (Mil) | 90 | 84 | 7.2% |
| Cumulative Contribution | 67.8% |
Market Drivers
12/31/2025 to 7/25/2026| Return | Correlation | |
|---|---|---|
| RNG | 67.8% | |
| Market (SPY) | 8.7% | 15.2% |
| Sector (XLK) | 22.3% | 8.5% |
Fundamental Drivers
The 71.0% change in RNG stock from 6/30/2025 to 7/25/2026 was primarily driven by a 48.4% change in the company's P/S Multiple.| (LTM values as of) | 6302025 | 7252026 | Change |
|---|---|---|---|
| Stock Price ($) | 28.26 | 48.31 | 71.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,428 | 2,584 | 6.4% |
| P/S Multiple | 1.1 | 1.6 | 48.4% |
| Shares Outstanding (Mil) | 91 | 84 | 8.3% |
| Cumulative Contribution | 71.0% |
Market Drivers
6/30/2025 to 7/25/2026| Return | Correlation | |
|---|---|---|
| RNG | 71.0% | |
| Market (SPY) | 20.6% | 22.3% |
| Sector (XLK) | 39.5% | 14.9% |
Fundamental Drivers
The 48.1% change in RNG stock from 6/30/2023 to 7/25/2026 was primarily driven by a 25.8% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 6302023 | 7252026 | Change |
|---|---|---|---|
| Stock Price ($) | 32.62 | 48.31 | 48.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,054 | 2,584 | 25.8% |
| P/S Multiple | 1.5 | 1.6 | 3.4% |
| Shares Outstanding (Mil) | 96 | 84 | 13.9% |
| Cumulative Contribution | 48.1% |
Market Drivers
6/30/2023 to 7/25/2026| Return | Correlation | |
|---|---|---|
| RNG | 48.1% | |
| Market (SPY) | 72.6% | 36.1% |
| Sector (XLK) | 106.1% | 29.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| RNG Return | -51% | -81% | -4% | 3% | -18% | 34% | -90% |
| Peers Return | -4% | -48% | 15% | -6% | -4% | 3% | -46% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% |
Monthly Win Rates [3] | |||||||
| RNG Win Rate | 33% | 8% | 42% | 42% | 50% | 57% | |
| Peers Win Rate | 52% | 30% | 58% | 52% | 53% | 49% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 43% | |
Max Drawdowns [4] | |||||||
| RNG Max Drawdown | -60% | -85% | -48% | -29% | -42% | -29% | |
| Peers Max Drawdown | -35% | -57% | -33% | -35% | -35% | -28% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: MSFT, ZM, CSCO, FIVN, EGHT. See RNG Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/24/2026 (YTD)
How Low Can It Go
| Event | RNG | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -32.2% | -18.8% |
| % Gain to Breakeven | 47.6% | 23.1% |
| Time to Breakeven | 150 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -35.6% | -9.5% |
| % Gain to Breakeven | 55.3% | 10.5% |
| Time to Breakeven | 404 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -41.5% | -6.7% |
| % Gain to Breakeven | 71.0% | 7.1% |
| Time to Breakeven | 1093 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -44.1% | -33.7% |
| % Gain to Breakeven | 79.0% | 50.9% |
| Time to Breakeven | 35 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -21.9% | -19.2% |
| % Gain to Breakeven | 28.0% | 23.8% |
| Time to Breakeven | 50 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -16.8% | -3.7% |
| % Gain to Breakeven | 20.2% | 3.9% |
| Time to Breakeven | 13 days | 6 days |
In The Past
RingCentral's stock fell -32.2% during the 2025 US Tariff Shock. Such a loss loss requires a 47.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | RNG | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -32.2% | -18.8% |
| % Gain to Breakeven | 47.6% | 23.1% |
| Time to Breakeven | 150 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -35.6% | -9.5% |
| % Gain to Breakeven | 55.3% | 10.5% |
| Time to Breakeven | 404 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -41.5% | -6.7% |
| % Gain to Breakeven | 71.0% | 7.1% |
| Time to Breakeven | 1093 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -44.1% | -33.7% |
| % Gain to Breakeven | 79.0% | 50.9% |
| Time to Breakeven | 35 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -21.9% | -19.2% |
| % Gain to Breakeven | 28.0% | 23.8% |
| Time to Breakeven | 50 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -25.2% | -12.2% |
| % Gain to Breakeven | 33.8% | 13.9% |
| Time to Breakeven | 88 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -24.3% | -6.8% |
| % Gain to Breakeven | 32.1% | 7.3% |
| Time to Breakeven | 59 days | 15 days |
| 2013 Taper Tantrum | ||
| % Loss | -22.5% | -0.2% |
| % Gain to Breakeven | 29.0% | 0.2% |
| Time to Breakeven | 413 days | 1 days |
In The Past
RingCentral's stock fell -32.2% during the 2025 US Tariff Shock. Such a loss loss requires a 47.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About RingCentral (RNG)
RingCentral, Inc. (RNG) is a leading provider of software-as-a-service (SaaS) solutions, enabling businesses to communicate, collaborate, and connect effectively through the cloud. The company's core offering is built upon its Message Video Phone (MVP) platform, providing comprehensive cloud communications and contact center solutions designed to replace traditional on-premise systems. Essentially, RingCentral helps businesses streamline all their communication needs, from internal team collaboration to external customer engagement, through a unified cloud-based system.
The company's product portfolio is extensive, with its flagship being RingCentral Office, a unified communications as a service (UCaaS) solution that integrates high-definition voice, video conferencing, SMS, team messaging, and online meetings. Beyond UCaaS, RingCentral offers specialized solutions such as RingCentral Contact Center for managing customer interactions across multiple channels, and RingCentral Engage Digital and Engage Voice platforms for advanced customer engagement. Additionally, its offerings include RingCentral Video for dedicated video meetings and team messaging, and services like RingCentral Professional for virtual telephone management and RingCentral Fax for online faxing.
RingCentral serves a diverse range of industries, including financial services, education, healthcare, legal services, retail, technology, and various government sectors, catering to the communication needs of businesses of all sizes. The company reaches its customers through a multi-faceted sales approach, utilizing direct sales representatives alongside a strong network of sales agents, resellers, and channel partners. Strategic partnerships with major players like Alcatel-Lucent Enterprise and Vodafone Business further extend its market reach and solution delivery capabilities.
AI Analysis | Feedback
- RingCentral is like Zoom or Microsoft Teams, but with a complete, enterprise-grade cloud phone system (PBX) fully integrated.
- RingCentral is the cloud-native alternative to legacy business communication providers like Cisco or Avaya, bringing together phone, video, and messaging.
- RingCentral is like having Slack, Zoom, and a professional business phone system all integrated into one cloud service.
AI Analysis | Feedback
- RingCentral Office: A comprehensive platform offering high-definition voice, video, SMS, messaging, collaboration, conferencing, online meetings, and fax.
- RingCentral Contact Center: A collaborative omnichannel solution for contact center operations.
- RingCentral Engage Digital: A digital customer engagement platform allowing enterprises to interact with customers across various channels.
- RingCentral Engage Voice: A cloud-based outbound/blended customer engagement platform for midsize and enterprise companies.
- RingCentral Video: A video meeting service that includes video and audio conferencing, team messaging, file sharing, and calendar management.
- RingCentral Professional: A cloud-based virtual telephone service offering inbound call answering and management for professionals.
- RingCentral Fax: A service providing online fax capabilities.
AI Analysis | Feedback
RingCentral, Inc. (RNG) primarily sells its software-as-a-service solutions to other businesses and professionals. The provided background information describes the broad range of industries that RingCentral serves, rather than listing specific major customer companies by name.
RingCentral's business customers come from various sectors, including:
- Financial services
- Education
- Healthcare
- Legal services
- Real estate
- Retail
- Technology
- Insurance
- Construction
- Hospitality
- State and local government
AI Analysis | Feedback
AI Analysis | Feedback
Vlad Shmunis, Founder, Chairman, and Chief Executive Officer
Vlad Shmunis is the Founder, Chairman, and CEO of RingCentral. He co-founded RingCentral with Vlad Vendrow in 1999, aiming to transform business communications through cloud technology. Prior to RingCentral, Shmunis founded and served as CEO of Ring Zero Systems, a pioneer in desktop business communications software. Ring Zero Systems shipped over 25 million copies of its software through partnerships with major PC manufacturers and was later acquired by Motorola. Shmunis holds Bachelor's and Master's degrees in Computer Science from San Francisco State University.
Vaibhav Agarwal, Chief Financial Officer
Vaibhav Agarwal was appointed Chief Financial Officer of RingCentral, effective August 5, 2025. He joined RingCentral in 2016 and has held multiple leadership positions within the company, including Chief Accounting Officer, Chief Transformation Officer, and Deputy Chief Financial Officer, contributing to its growth from a $400 million business to a $2.6 billion run-rate. Before joining RingCentral, Agarwal held senior finance positions at Intel Corporation, Altera, Intuitive Surgical, and PricewaterhouseCoopers. He holds an MBA from the University of Illinois at Urbana-Champaign and is a Chartered Accountant from India.
Kira Makagon, President & Chief Operating Officer
Kira Makagon serves as the President & Chief Operating Officer of RingCentral. She joined RingCentral in 2012.
Vlad Vendrow, Co-Founder & Chief Technology Officer
Vlad Vendrow is the Co-Founder and Chief Technology Officer at RingCentral. He co-founded the company with Vlad Shmunis in 1999. Before co-founding RingCentral, Vendrow was an engineer at Ring Zero Systems and Motorola.
Homayoun Razavi, Executive Vice President & General Manager, Global Service Providers
Homayoun Razavi is the Executive Vice President & General Manager, Global Service Providers at RingCentral, a role he took on after previously serving as Chief Business Development Officer. He joined RingCentral in January 2020. Razavi has over 40 years of experience in the telecommunications industry, including C-level executive roles for more than 20 years. Prior to RingCentral, he served as EVP, Chief Customer Officer of Coriant, overseeing global sales, marketing, and business development. He also joined BroadSoft in 2010 (pre-IPO) and served as EVP, Managing Director of America, before its acquisition by Cisco in 2017. His career also includes leadership roles at Lucent, Ascend, Cascade, and MCI (Verizon).
AI Analysis | Feedback
The key risks to RingCentral's business are primarily centered around intense competition, evolving market dynamics and customer preferences, and the persistent threat of cybersecurity breaches.
- Intense Competition: RingCentral operates in a highly competitive market for cloud communications and contact center solutions. It faces significant competition from large technology companies, often referred to as hyperscalers, such as Microsoft (with Teams Phone) and Zoom Phone, which can leverage platform bundling and extensive enterprise footprints. This competitive pressure extends to AI-native Contact Center as a Service (CCaaS) rivals and other unified communications as a service (UCaaS) providers. This intense competition can lead to pricing pressures and challenges in maintaining or growing market share.
- Changing Market Dynamics and Customer Preferences: The market is seeing a shift where customers increasingly prefer integrated platforms over standalone solutions. RingCentral's revenue growth has slowed, and a continued shift in customer preference could potentially erode its market share if it does not effectively address this demand for more integrated offerings. Furthermore, the collaboration market might become a lower priority for many businesses as economic conditions improve, posing a challenge for RingCentral, which has traditionally relied on strong demand for its communication solutions. There's also a risk that an excessive focus on AI products could limit its customer base if traditional cloud-based business products are neglected.
- Cybersecurity Threats and Data Breaches: As a provider of cloud-based communication services, RingCentral faces numerous cybersecurity threats. A breach of its systems could lead to service disruptions for customers, damage the company's reputation, and expose it to substantial liability. The nature of Voice over Internet Protocol (VoIP) systems creates multiple potential entry points for cybercriminals, including risks such as social engineering, call tampering, malware, and Distributed Denial of Service (DDoS) attacks.
AI Analysis | Feedback
- Microsoft's expansion of Teams Phone System and its broader Microsoft 365 ecosystem: Microsoft, leveraging its immense enterprise install base and platform integration, is aggressively enhancing Teams to become a comprehensive unified communications solution, including voice, video, and messaging. This direct competition, embedded within a ubiquitous productivity suite, poses a significant threat to standalone UCaaS providers like RingCentral, as businesses may opt for an all-in-one solution from a single vendor.
- Zoom's aggressive expansion into broader UCaaS and CCaaS offerings: Zoom, having established a dominant position in video conferencing, is rapidly growing its Zoom Phone (UCaaS) and Zoom Contact Center (CCaaS) products. This expansion directly targets RingCentral's core business, leveraging Zoom's strong brand recognition, user experience, and existing customer base to compete across the entire communication and collaboration spectrum.
AI Analysis | Feedback
Unified Communications as a Service (UCaaS)
The global Unified Communications as a Service (UCaaS) market was valued at approximately USD 66.42 billion in 2025 and is projected to grow to USD 276.9 billion by 2034, demonstrating a compound annual growth rate (CAGR) of 17.10% during the forecast period. Another estimate valued the global UCaaS market at USD 87.39 billion in 2024, with a projection to reach USD 262.37 billion by 2030 at a CAGR of 19.8% from 2025 to 2030. In North America, which dominated the global market with a 42.30% share in 2025, the U.S. market alone is projected to reach USD 18.111 billion by 2026. North America is consistently identified as the region with the largest market share for UCaaS, driven by high adoption of advanced business communication services.
Contact Center as a Service (CCaaS)
The global Contact Center as a Service (CCaaS) market size was valued at USD 7.08 billion in 2025 and is expected to grow to USD 30.15 billion by 2034, exhibiting a CAGR of 17.40% during the forecast period. Other reports indicate a global market size of USD 6.08 billion in 2024, with a projected increase to USD 29.53 billion by 2033, at a CAGR of 19.2% from 2026–2033. North America held a dominant position in the global CCaaS market, accounting for approximately 39.00% of the market share in 2025. In 2024, North America led the CCaaS market, accounting for approximately 41% of total global deployments and supporting over 492,000 business users.
Cloud Communication Platform
The broader Cloud Communication Platform market, which encompasses UCaaS and Communication Platform as a Service (CPaaS), was valued at USD 15.91 billion in 2025 and is projected to reach USD 78.14 billion by 2033, growing at a CAGR of 22.03% from 2026 to 2033. Another estimate places the global cloud communication market size at USD 29.2 billion in 2025, forecasted to reach USD 136.3 billion by 2034 with a CAGR of 18.7%. North America dominated this market in 2025, accounting for 39.51% of the revenue share. The U.S. Cloud Communication Platform Market size was valued at USD 4.58 billion in 2025 and is projected to reach USD 21.92 billion by 2033.
Digital Customer Engagement Solutions
The global customer engagement solutions market was valued at USD 24.1 billion in 2024 and is projected to grow to USD 68.46 billion by 2033, with a CAGR of 12.3% during the forecast period (2026-2033). Another source estimated the market size at USD 23.45 billion in 2023, expected to reach USD 50.03 billion by 2030. North America is anticipated to hold the largest revenue share, projected to account for 40% by 2035.
AI Analysis | Feedback
AI Analysis | Feedback
Share Repurchases
- In December 2021, RingCentral's Board of Directors authorized a share repurchase program of up to $100 million of its outstanding Class A common stock, effective until December 31, 2022.
- The company expanded its share repurchase authorization to $500 million in February 2026, after having repurchased approximately 31.61 million shares for $967.01 million.
- In 2025, RingCentral repurchased approximately 5 million shares for $135 million, with about $135 million worth of shares bought back in Q4 2025 alone.
Share Issuance
- In February 2026, the company's President and COO acquired 4,131 shares as fully vested Restricted Stock Units (RSUs) granted under an equity bonus plan, which represents a form of share issuance for compensation.
- RingCentral's share-based compensation expense was $269.7 million in 2025, marking a 20.5% decrease year-over-year, indicating a reduction in the dilutive impact of equity awards.
Inbound Investments
- BlackRock, Inc. increased its holdings in RingCentral by acquiring 4,583,470 shares in February 2026, bringing its total to 10,248,861 shares.
- Vanguard Group Inc. increased its position in RingCentral by 1.1% during the third quarter (likely 2025), holding 11,823,636 shares valued at $335,082,000.
Outbound Investments
- In September 2025, RingCentral acquired CommunityWFM, a cloud-based, AI-first contact center workforce management software solution, to enhance its RingCX platform.
- The company acquired select assets from Hopin, including its Events platform and Session product, in August 2023 to expand its video solutions and address virtual and hybrid events.
- In June 2024, RingCentral acquired certain assets of Mitel Networks Corporation for CAD 26.3 million.
Capital Expenditures
- RingCentral's capital expenditures were $30 million for the full year 2025.
- In Q4 2025, the company invested $8.0 million in capital expenditures, funding long-term assets and infrastructure.
- RingCentral plans a $250 million investment in research and development for 2026, with the majority directed toward AI-led products.
Latest Trefis Analyses
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 68.15 |
| Mkt Cap | 15.0 |
| Rev LTM | 3,758 |
| Op Inc LTM | 683 |
| FCF LTM | 1,269 |
| FCF 3Y Avg | 1,121 |
| CFO LTM | 1,346 |
| CFO 3Y Avg | 1,218 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.2% |
| Rev Chg 3Y Avg | 5.4% |
| Rev Chg Q | 7.5% |
| QoQ Delta Rev Chg LTM | 1.8% |
| Op Inc Chg LTM | 32.3% |
| Op Inc Chg 3Y Avg | 98.5% |
| Op Mgn LTM | 15.2% |
| Op Mgn 3Y Avg | 10.4% |
| QoQ Delta Op Mgn LTM | 0.5% |
| CFO/Rev LTM | 23.7% |
| CFO/Rev 3Y Avg | 22.9% |
| FCF/Rev LTM | 20.9% |
| FCF/Rev 3Y Avg | 20.4% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 15.0 |
| P/S | 3.4 |
| P/Op Inc | 22.6 |
| P/EBIT | 22.0 |
| P/E | 33.9 |
| P/CFO | 10.1 |
| Total Yield | 3.7% |
| Dividend Yield | 0.2% |
| FCF Yield 3Y Avg | 7.0% |
| D/E | 0.2 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 7.2% |
| 3M Rtn | 7.0% |
| 6M Rtn | 14.9% |
| 12M Rtn | 1.7% |
| 3Y Rtn | 19.1% |
| 1M Excs Rtn | 3.0% |
| 3M Excs Rtn | 7.2% |
| 6M Excs Rtn | 6.0% |
| 12M Excs Rtn | -17.1% |
| 3Y Excs Rtn | -50.8% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Single Segment | 2,515 | 2,400 | 2,202 | 1,988 | |
| Other | 113 | ||||
| Subscriptions | 1,482 | ||||
| Total | 2,515 | 2,400 | 2,202 | 1,988 | 1,595 |
| $ Mil | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Single Segment | 121 | 3 | -199 | -649 |
| Total | 121 | 3 | -199 | -649 |
| $ Mil | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Single Segment | 43 | -58 | -165 | -879 |
| Total | 43 | -58 | -165 | -879 |
Price Behavior
| Market Price | $48.31 | |
| Market Cap ($ Bil) | 4.1 | |
| First Trading Date | 09/27/2013 | |
| Distance from 52W High | -1.5% | |
| 50 Days | 200 Days | |
| DMA Price | $40.38 | $34.30 |
| DMA Trend | up | down |
| Distance from DMA | 19.6% | 40.8% |
| 3M | 1YR | |
| Volatility | 81.2% | 74.1% |
| Downside Capture | 48.65 | 140.19 |
| Upside Capture | 119.96 | 185.78 |
| Correlation (SPY) | 5.3% | 23.6% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.87 | 0.33 | 0.68 | 1.05 | 1.39 | 1.39 |
| Up Beta | 0.29 | -0.75 | 0.00 | 0.70 | 1.26 | 1.12 |
| Down Beta | 1.24 | 0.42 | -0.25 | -0.07 | 0.89 | 0.97 |
| Up Capture | 29% | 39% | 105% | 206% | 219% | 563% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 7 | 18 | 31 | 61 | 129 | 374 |
| Down Capture | 132% | 78% | 166% | 128% | 135% | 111% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 14 | 23 | 32 | 64 | 123 | 372 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RNG | |
|---|---|---|---|---|
| RNG | 73.9% | 73.9% | 1.03 | - |
| Sector ETF (XLK) | 35.9% | 24.8% | 1.19 | 15.2% |
| Equity (SPY) | 17.6% | 12.7% | 1.00 | 22.2% |
| Gold (GLD) | 19.2% | 28.1% | 0.61 | -3.7% |
| Commodities (DBC) | 34.7% | 19.1% | 1.42 | -2.4% |
| Real Estate (VNQ) | 13.8% | 14.1% | 0.69 | 13.1% |
| Bitcoin (BTCUSD) | -46.2% | 42.9% | -1.32 | 17.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RNG | |
|---|---|---|---|---|
| RNG | -29.3% | 64.2% | -0.28 | - |
| Sector ETF (XLK) | 19.4% | 25.6% | 0.68 | 43.8% |
| Equity (SPY) | 12.8% | 17.1% | 0.58 | 47.4% |
| Gold (GLD) | 17.0% | 18.4% | 0.75 | 4.5% |
| Commodities (DBC) | 9.6% | 19.5% | 0.38 | 7.5% |
| Real Estate (VNQ) | 3.0% | 18.9% | 0.06 | 39.7% |
| Bitcoin (BTCUSD) | 15.3% | 53.4% | 0.47 | 22.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RNG | |
|---|---|---|---|---|
| RNG | 8.2% | 56.2% | 0.37 | - |
| Sector ETF (XLK) | 24.1% | 24.8% | 0.88 | 45.9% |
| Equity (SPY) | 14.9% | 17.9% | 0.71 | 43.8% |
| Gold (GLD) | 11.3% | 16.1% | 0.57 | 5.7% |
| Commodities (DBC) | 7.2% | 17.9% | 0.32 | 9.3% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.21 | 31.7% |
| Bitcoin (BTCUSD) | 58.1% | 66.2% | 0.98 | 15.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 7/26/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/23/2026 | 25.1% | ||
| 5/7/2026 | 0.5% | -13.3% | -9.8% |
| 2/19/2026 | 34.4% | 26.4% | 28.3% |
| 11/3/2025 | -8.2% | -9.5% | -2.2% |
| 8/5/2025 | 27.0% | 17.8% | 29.3% |
| 5/8/2025 | 3.9% | 5.0% | 2.8% |
| 2/20/2025 | -5.9% | -7.1% | -12.6% |
| 11/7/2024 | -2.1% | -5.3% | 7.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 9 | 10 |
| # Negative | 11 | 14 | 13 |
| Median Positive | 6.7% | 10.5% | 16.7% |
| Median Negative | -3.8% | -9.8% | -13.4% |
| Max Positive | 34.4% | 35.1% | 29.3% |
| Max Negative | -23.4% | -27.0% | -37.9% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/23/2026 | 25.1% | ||
| 5/7/2026 | 0.5% | -13.3% | -9.8% |
| 2/19/2026 | 34.4% | 26.4% | 28.3% |
| 11/3/2025 | -8.2% | -9.5% | -2.2% |
| 8/5/2025 | 27.0% | 17.8% | 29.3% |
| 5/8/2025 | 3.9% | 5.0% | 2.8% |
| 2/20/2025 | -5.9% | -7.1% | -12.6% |
| 11/7/2024 | -2.1% | -5.3% | 7.6% |
| 8/1/2024 | 5.4% | 0.9% | -0.4% |
| 5/7/2024 | 14.6% | 25.6% | 16.2% |
| 2/20/2024 | 2.5% | 5.0% | 17.1% |
| 11/6/2023 | 2.7% | -6.8% | 11.5% |
| 8/7/2023 | -18.4% | -21.5% | -15.8% |
| 2/15/2023 | -23.4% | -27.0% | -37.9% |
| 11/9/2022 | 30.1% | 35.1% | 28.9% |
| 8/2/2022 | 6.7% | -1.4% | -13.4% |
| 5/9/2022 | -0.2% | -8.9% | -8.8% |
| 2/22/2022 | -16.0% | -14.8% | -16.7% |
| 11/9/2021 | 20.5% | 9.8% | -20.3% |
| 8/3/2021 | -3.8% | -4.6% | -3.3% |
| 5/4/2021 | -1.9% | -10.2% | -16.2% |
| 2/16/2021 | -3.8% | -10.6% | -25.4% |
| 11/9/2020 | 3.7% | 10.5% | 27.0% |
| 8/3/2020 | -3.1% | -13.1% | 1.6% |
| SUMMARY STATS | |||
| # Positive | 13 | 9 | 10 |
| # Negative | 11 | 14 | 13 |
| Median Positive | 6.7% | 10.5% | 16.7% |
| Median Negative | -3.8% | -9.8% | -13.4% |
| Max Positive | 34.4% | 35.1% | 29.3% |
| Max Negative | -23.4% | -27.0% | -37.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/23/2026 | 10-Q |
| 03/31/2026 | 05/11/2026 | 10-Q |
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 02/26/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 02/22/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/07/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 02/23/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/23/2026 | 10-Q |
| 03/31/2026 | 05/11/2026 | 10-Q |
| 12/31/2025 | 02/27/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 02/26/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 02/22/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/07/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 02/23/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| 06/30/2022 | 08/08/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
| 12/31/2021 | 03/01/2022 | 10-K |
| 09/30/2021 | 11/09/2021 | 10-Q |
| 06/30/2021 | 08/06/2021 | 10-Q |
| 03/31/2021 | 05/07/2021 | 10-Q |
| 12/31/2020 | 02/26/2021 | 10-K |
| 09/30/2020 | 11/09/2020 | 10-Q |
| 06/30/2020 | 08/10/2020 | 10-Q |
| 03/31/2020 | 05/11/2020 | 10-Q |
| 12/31/2019 | 02/26/2020 | 10-K |
| 09/30/2019 | 11/12/2019 | 10-Q |
Recent Forward Guidance
Updated 7/24/2026Latest: Q2 2026 Earnings Reported 7/23/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 Subscriptions Revenue | 643.00 Mil | 646.00 Mil | 649.00 Mil | 2.5% | Higher New | Actual: 630.50 Mil for Q2 2026 | |
| Q3 2026 Total Revenue | 664.00 Mil | 667.00 Mil | 670.00 Mil | 2.5% | Higher New | Actual: 650.50 Mil for Q2 2026 | |
| Q3 2026 GAAP Operating Margin | 7.2% | 7.9% | 8.6% | 0.8% | Higher New | Actual: 7.1% for Q2 2026 | |
| Q3 2026 Non-GAAP Operating Margin | 23.5% | 23.75% | 24.0% | 0.6% | Higher New | Actual: 23.1% for Q2 2026 | |
| Q3 2026 Non-GAAP EPS | 1.25 | 1.27 | 1.3 | 9.9% | Higher New | Actual: 1.16 for Q2 2026 | |
| 2026 Subscriptions Revenue | 2.55 Bil | 2.56 Bil | 2.56 Bil | 0.2% | Raised | Guidance: 2.55 Bil for 2026 | |
| 2026 Total Revenue | 2.63 Bil | 2.64 Bil | 2.65 Bil | 0.4% | Raised | Guidance: 2.63 Bil for 2026 | |
| 2026 GAAP Operating Margin | 9.0% | 9.35% | 9.7% | 0.1% | Raised | Guidance: 9.25% for 2026 | |
| 2026 Non-GAAP Operating Margin | 23.6% | 23.8% | 24.0% | 0.3% | Raised | Guidance: 23.5% for 2026 | |
| 2026 Non-GAAP EPS | 4.96 | 5.03 | 5.1 | 2.0% | Raised | Guidance: 4.93 for 2026 | |
| 2026 Free Cash Flow | 615.00 Mil | 620.00 Mil | 625.00 Mil | 3.8% | Raised | Guidance: 597.50 Mil for 2026 | |
Insider Activity
Updated 7/2/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Shenkan, Amy Guggenheim | Direct | Sell | 7022026 | 40.59 | 1,265 | 51,350 | 1,192,298 | Form | |
| 2 | Theis, Robert I | Direct | Sell | 7022026 | 40.28 | 2,530 | 101,908 | 1,241,994 | Form | |
| 3 | Shmunis, Vladimir | CEO and Chairman | Direct | Sell | 6172026 | 38.22 | 11,696 | 447,079 | 8,794,455 | Form |
| 4 | Shmunis, Vladimir | CEO and Chairman | Direct | Sell | 6172026 | 38.52 | 15,556 | 599,203 | 9,312,640 | Form |
| 5 | Arora, Tarun | Chief Accounting Officer | Direct | Sell | 6122026 | 38.85 | 4,171 | 162,048 | 3,315,234 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Shenkan, Amy Guggenheim | Direct | Sell | 7022026 | 40.59 | 1,265 | 51,350 | 1,192,298 | Form | |
| 2 | Theis, Robert I | Direct | Sell | 7022026 | 40.28 | 2,530 | 101,908 | 1,241,994 | Form | |
| 3 | Shmunis, Vladimir | CEO and Chairman | Direct | Sell | 6172026 | 38.22 | 11,696 | 447,079 | 8,794,455 | Form |
| 4 | Shmunis, Vladimir | CEO and Chairman | Direct | Sell | 6172026 | 38.52 | 15,556 | 599,203 | 9,312,640 | Form |
| 5 | Arora, Tarun | Chief Accounting Officer | Direct | Sell | 6122026 | 38.85 | 4,171 | 162,048 | 3,315,234 | Form |
| 6 | Agarwal, Vaibhav | Chief Financial Officer | Direct | Sell | 6022026 | 46.17 | 7,047 | 325,353 | 7,815,581 | Form |
| 7 | Arora, Tarun | Chief Accounting Officer | Direct | Sell | 6022026 | 43.00 | 3,615 | 155,446 | 2,928,325 | Form |
| 8 | Makagon, Kira | President and COO | Direct | Sell | 5282026 | 42.54 | 16,988 | 722,674 | 9,049,331 | Form |
| 9 | Arora, Tarun | Chief Accounting Officer | Direct | Sell | 5282026 | 42.66 | 919 | 39,205 | 3,059,362 | Form |
| 10 | Agarwal, Vaibhav | Chief Financial Officer | Direct | Sell | 5222026 | 42.06 | 4,044 | 170,083 | 5,559,268 | Form |
| 11 | Agarwal, Vaibhav | Chief Financial Officer | Direct | Sell | 5192026 | 40.62 | 2,220 | 90,179 | 5,703,838 | Form |
| 12 | Makagon, Kira | President and COO | Direct | Sell | 4282026 | 40.27 | 5,870 | 236,364 | 9,531,662 | Form |
| 13 | Arora, Tarun | Chief Accounting Officer | Direct | Sell | 4222026 | 43.00 | 953 | 40,979 | 3,205,177 | Form |
| 14 | Shenkan, Amy Guggenheim | Direct | Sell | 4032026 | 37.92 | 1,264 | 47,937 | 1,161,908 | Form | |
| 15 | Theis, Robert I | Direct | Sell | 4032026 | 37.89 | 2,529 | 95,820 | 1,264,113 | Form | |
| 16 | Makagon, Kira | President and COO | Direct | Sell | 3272026 | 35.79 | 44,840 | 1,604,713 | 8,681,520 | Form |
| 17 | Makagon, Kira | President and COO | Direct | Sell | 3272026 | 35.87 | 5,870 | 210,581 | 10,311,131 | Form |
| 18 | Arora, Tarun | Chief Accounting Officer | Direct | Sell | 3112026 | 40.69 | 8,840 | 359,655 | 3,071,392 | Form |
| 19 | Arora, Tarun | Chief Accounting Officer | Direct | Sell | 3032026 | 36.14 | 3,723 | 134,563 | 3,048,076 | Form |
| 20 | Agarwal, Vaibhav | Chief Financial Officer | Direct | Sell | 3032026 | 36.33 | 18,680 | 678,607 | 5,067,502 | Form |
| 21 | Makagon, Kira | President and COO | Direct | Sell | 2272026 | 35.15 | 22,196 | 780,279 | 11,936,376 | Form |
| 22 | Arora, Tarun | Chief Accounting Officer | Direct | Sell | 2272026 | 34.80 | 773 | 26,900 | 3,347,029 | Form |
| 23 | Shmunis, Vladimir | CEO and Chairman | Direct | Sell | 2242026 | 35.59 | 95,831 | 3,410,585 | 4,508,666 | Form |
| 24 | Agarwal, Vaibhav | Chief Financial Officer | Direct | Sell | 2242026 | 35.50 | 10,744 | 381,372 | 6,269,389 | Form |
| 25 | Shmunis, Vladimir | CEO and Chairman | Direct | Sell | 2242026 | 35.26 | 45,284 | 1,596,592 | 7,845,314 | Form |
| 26 | Makagon, Kira | President and COO | Direct | Sell | 2242026 | 35.49 | 46,960 | 1,666,610 | 13,114,407 | Form |
| 27 | Agarwal, Vaibhav | Chief Financial Officer | Direct | Sell | 2192026 | 29.58 | 2,223 | 65,754 | 5,762,078 | Form |
| 28 | Shenkan, Amy Guggenheim | Direct | Sell | 1052026 | 28.99 | 1,402 | 40,644 | 733,360 | Form | |
| 29 | Theis, Robert I | Direct | Sell | 1052026 | 27.75 | 2,805 | 77,825 | 715,127 | Form | |
| 30 | Makagon, Kira | President and COO | Direct | Sell | 12292025 | 29.22 | 6,495 | 189,784 | 9,822,654 | Form |
| 31 | Arora, Tarun | Chief Accounting Officer | Direct | Sell | 12122025 | 30.60 | 2,597 | 79,479 | 2,697,253 | Form |
| 32 | Arora, Tarun | Chief Accounting Officer | Direct | Sell | 12012025 | 28.70 | 3,888 | 111,578 | 2,680,738 | Form |
| 33 | Makagon, Kira | President and COO | Direct | Sell | 12012025 | 28.11 | 14,798 | 415,913 | 9,819,056 | Form |
| 34 | Arora, Tarun | Chief Accounting Officer | Direct | Sell | 12012025 | 28.06 | 942 | 26,433 | 2,730,238 | Form |
| 35 | Shmunis, Vladimir | CEO and Chairman | Direct | Sell | 11242025 | 27.68 | 27,018 | 747,858 | 7,258,803 | Form |
| 36 | Agarwal, Vaibhav | Chief Financial Officer | Direct | Sell | 11242025 | 25.96 | 14,971 | 388,647 | 4,298,794 | Form |
| 37 | Shmunis, Vladimir | CEO and Chairman | Direct | Sell | 11242025 | 26.89 | 46,844 | 1,259,569 | 8,527,417 | Form |
| 38 | Agarwal, Vaibhav | Chief Financial Officer | Direct | Sell | 11192025 | 26.61 | 2,356 | 62,693 | 5,216,092 | Form |
| 39 | Arora, Tarun | Chief Accounting Officer | Direct | Sell | 11142025 | 27.38 | 882 | 24,149 | 2,774,005 | Form |
| 40 | Theis, Robert I | Direct | Sell | 10032025 | 28.49 | 2,805 | 79,905 | 814,144 | Form | |
| 41 | Arora, Tarun | Chief Accounting Officer | Direct | Sell | 9122025 | 30.90 | 2,598 | 80,286 | 3,130,937 | Form |
| 42 | Makagon, Kira | President and COO | Direct | Sell | 9122025 | 31.35 | 6,495 | 203,644 | 11,746,619 | Form |
| 43 | Arora, Tarun | Chief Accounting Officer | Direct | Sell | 9022025 | 30.72 | 4,032 | 123,867 | 3,274,674 | Form |
| 44 | Makagon, Kira | President and COO | Direct | Sell | 8292025 | 30.73 | 14,887 | 457,403 | 11,916,415 | Form |
| 45 | Arora, Tarun | Chief Accounting Officer | Direct | Sell | 8262025 | 31.09 | 1,037 | 32,240 | 3,439,362 | Form |
| 46 | Shmunis, Vladimir | CEO and Chairman | Direct | Sell | 8222025 | 30.54 | 27,018 | 825,241 | 12,447,621 | Form |
| 47 | Shmunis, Vladimir | CEO and Chairman | Direct | Sell | 8222025 | 28.95 | 46,932 | 1,358,775 | 13,388,244 | Form |
| 48 | Agarwal, Vaibhav | Chief Financial Officer | Direct | Sell | 8222025 | 28.70 | 14,970 | 429,564 | 5,624,794 | Form |
| 49 | Agarwal, Vaibhav | Chief Financial Officer | Direct | Sell | 8182025 | 30.70 | 2,443 | 75,000 | 6,951,954 | Form |
| 50 | Arora, Tarun | Chief Accounting Officer | Direct | Sell | 6302025 | 28.00 | 7,776 | 217,730 | 3,205,950 | Form |
| 51 | Makagon, Kira | President and COO | Direct | Sell | 6302025 | 27.69 | 21,185 | 586,570 | 11,438,771 | Form |
Investor Activity (13F)
Updated Jul 26, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
RingCentral — Investor Video Playlist
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Application Software Resources |
| Capterra |
| Software Advice |
| InfoWorld |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.