RingCentral, Inc. research snapshot
RNG AI stock analysis as of the August 4, 2026 data cutoff reads RingCentral, Inc. as a cloud business communications and customer engagement platform that has pivoted from a decelerating UCaaS story into an AI-led growth narrative supported by a strong Q2 2026 report. The stock traded at $57.18 on August 3, 2026 at about 1:46 PM EDT, up $1.56 or 2.80% from the $55.62 previous close, within a day range of $56.19 to $58.56, carrying a market capitalization near $4.77 billion, reported by StockAnalysis.com and consistent with 83.51 million shares times the price. On July 23, 2026 RingCentral beat the high end of guidance on all key metrics: Q2 total revenue of about $657 million grew 5.9%, non-GAAP EPS of $1.22 beat the $1.17 consensus, non-GAAP operating margin reached 23.4%, GAAP operating margin improved to 7.7%, and free cash flow rose 25% to $180 million. Management raised full-year 2026 non-GAAP EPS guidance to $4.96 to $5.10, total revenue to $2.635 billion to $2.646 billion, and free cash flow to $615 million to $625 million, or $7.07 to $7.23 per share, and increased the quarterly dividend from $0.075 to $0.125. The AI angle is now material: about 13% of ARR comes from customers using at least one paid native AI product, roughly $300 million, and paying AIR and AI Receptionist customers grew 400% year over year to more than 16,000. The stock has risen about 142% over the past 52 weeks, trades above the $46.43 average analyst target, and sits above its 50-day and 200-day moving averages of about $42.17 and $35.23 with 14-day RSI near 71, so the operational improvement is real but the price has moved ahead of the consensus. This page is informational research and not investment advice.
Current price
$57.18 at the August 3, 2026, 1:46 PM EDT reading, up $1.56 or 2.80% from the $55.62 previous close, within a day range reported near $56.19 to $58.56 after opening at $56.62
Market cap
$4.77 billion
AI score
70 / 100
Rating
AI-led turnaround with improving GAAP profitability and free cash flow, but technically extended after a 142% 52-week rally that pushed the price above the analyst consensus target
Trend status
Uptrend above the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, near the $58.98 52-week high with 14-day RSI near 71 signaling overbought conditions
Data cutoff (updated monthly)
August 4, 2026
Informational use only. This page is not investment advice.
| Dimension | Conclusion | Confidence |
|---|---|---|
| Business quality | RingCentral provides cloud unified communications (RingEX), contact center (RingCX, RingCentral Contact Center), and AI products (AIR, AVA, ACE, AIR Pro) on a recurring SaaS model, with TTM revenue of about $2.58 billion, a TTM gross margin near 71.8%, subscription gross margin above 80%, roughly 600,000 business customers across 45 countries, and improving GAAP profitability. | High |
| Moat | The moat combines a proprietary carrier-grade voice network carrying roughly 40 billion minutes a year, about 16,000 channel partners and 16 global service providers, deep CRM and productivity integrations, and billions of recorded conversations used to train AI agents. It is strengthening with AI attach but remains narrower than Microsoft Teams and Zoom in pure UCaaS. | Medium |
| Management | Founder-led by Vladimir Shmunis since 1999, with Kira Makagon as COO and Vaibhav Agarwal as CFO. Management beat the high end of guidance on all key metrics in Q2 2026, raised FY2026 guidance across revenue, EPS, and free cash flow, increased the dividend, cut gross debt by about $130 million in the first half, repurchased about 2.2 million shares, and moved the GAAP operating margin target of 20% two to three years ahead of schedule. | High |
| Financial trend | Revenue grew from $1.99 billion (FY2022) to $2.52 billion (FY2025) and about $2.58 billion TTM. GAAP net income turned positive at $43.39 million in FY2025 and reached $110.26 million TTM per StockAnalysis.com statistics. Non-GAAP operating margin hit 23.4% in Q2 2026, TTM free cash flow reached $638.14 million at a margin near 24.7%, and FY2026 free cash flow guidance was raised to $615 million to $625 million. | High |
| Valuation | At $57.18, StockAnalysis.com reports a TTM P/E of 44.50 on GAAP EPS of $1.25, a forward P/E of 10.61, a price/sales ratio of 1.85, a price/free cash flow of 7.50, an EV/EBITDA of 14.58, and a free cash flow yield of 13.34%. The stock trades above the $46.43 average analyst target, so it is only cheap on forward earnings and free cash flow if margin expansion and AI attach hold. | Medium |
| Technical trend | RNG traded at $57.18 on August 3, 2026 at about 1:46 PM EDT, up 2.80% on the day, above its 5-day ($56.17), 20-day ($45.47), 50-day ($42.17), 100-day ($40.94), and 200-day ($35.23) moving averages reported by Barchart, with 14-day RSI near 71.01 on Barchart and 71.02 on StockAnalysis.com, a 14-day ADX near 24.14 with +DI at 43.01, and the price near the $58.98 52-week high. | Medium-high |
| Risk level | Key risks are Microsoft Teams and Zoom competition, SMB churn, AI token costs and monetization durability, negative book equity of -$410.91 million with net debt of about $1.05 billion, short interest near 10.55% of shares outstanding, 14-day historical volatility near 111%, and the stock having already moved above the consensus target after a 142% 52-week rally. | Medium-high |
| AI confidence | High for descriptive facts, Q2 2026 results, guidance, and market data cross-checked across StockAnalysis.com, Barchart, the Q2 2026 earnings release, and the Q2 2026 earnings call transcript. Lower for forward earnings and for the durability of the AI-led re-rating, which depend on competitive and adoption assumptions. | High data confidence |
| Investment certainty | Low-medium. The financial turnaround is real and well documented, but the price already discounts much of it, and this page provides a research framework and scenario ranges, not a buy or sell instruction. | Low-medium |
RNG AI stock forecast
The RNG AI stock forecast uses scenario math around the $57.18 August 3, 2026 reading and the FY2026 non-GAAP EPS consensus of $5.07, with guidance of $4.96 to $5.10. Over a three-year horizon the framework produced a bearish area near $32 to $46, a base area near $52 to $74, and a bullish area near $78 to $98 using non-GAAP EPS growth and forward multiples. These are scenarios, not price commitments, and the one-year analyst consensus target of $46.43 sits below the current price.
$78 to $98
More likely if ARR from paid AI products keeps doubling or near-doubling, AI attach lifts net revenue retention durably above 100%, subscription revenue growth re-accelerates toward 7-9%, non-GAAP EPS compounds toward $5.90 or higher over three years, free cash flow per share approaches $9 to $10, and the market re-rates the stock to 13-15x forward earnings.
$52 to $74
More likely if subscription growth holds at 5-6%, AI attach grows steadily but modestly, non-GAAP EPS compounds toward roughly $5.90 over three years, free cash flow per share reaches about $8, and the stock holds near a 10-12x forward multiple consistent with the current forward P/E of about 10.6x.
$32 to $46
More likely if Microsoft Teams or Zoom take meaningful share, churn rises among small and mid-sized customers, AI monetization disappoints relative to token costs, margin expansion stalls, net debt stays elevated, or the multiple compresses toward the $38 analyst low target and the pre-Q2 price near $37.66.
RNG AI technical analysis
RNG AI technical analysis is bullish but overbought as of the August 4, 2026 data cutoff. The stock traded at $57.18 at about 1:46 PM EDT on August 3, up $1.56 or 2.80% from the $55.62 close, above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, with 14-day RSI near 71.01 on Barchart and 71.02 on StockAnalysis.com and 14-day ADX near 24.14 confirming trend strength. After the July 23, 2026 earnings report the stock jumped roughly 25-26%, cooled, and then rallied again to the $58.98 52-week high set on July 29, and the technical levels below come from Barchart and StockAnalysis.com as of August 3, 2026.
| Level | Value | Why it matters |
|---|---|---|
| Current price | $57.18 | StockAnalysis.com real-time quote at the August 3, 2026, 1:46 PM EDT reading, up $1.56 or 2.80% from the $55.62 previous close within a day range of $56.19 to $58.56, consistent with Barchart. |
| 5-day moving average | $56.17 | Barchart reported the 5-day average near $56.17 on August 3, 2026, just below the price, confirming short-term momentum after the post-earnings surge. |
| 20-day moving average | $45.47 | Barchart reported the 20-day average near $45.47 on August 3, 2026, the first major pullback support and the near-term trend line after the earnings gap. |
| 50-day moving average | $42.17 | Barchart and StockAnalysis.com both reported the 50-day average near $42.17 on August 3, 2026; a close below it would signal a deeper correction. |
| 200-day moving average | $35.23 | Barchart and StockAnalysis.com both reported the 200-day average near $35.23 on August 3, 2026, the long-term trend anchor. |
| Near support | $51.17 to $53.40 | Barchart placed the first support at $53.40 and the second at $51.17 on August 3, 2026, the immediate zones to watch on a pullback. |
| Third support | $49.74 | Barchart reported the third support near $49.74 on August 3, 2026, close to the post-earnings consolidation area. |
| Near resistance | $57.06 to $58.49 | Barchart reported the first resistance at $57.06 and the second at $58.49 on August 3, 2026, just above the current price. |
| 52-week high resistance | $58.98 to $60.72 | The 52-week high of $58.98 was set on July 29, 2026, with Barchart placing the third resistance at $60.72; a volume-supported break above this zone would be bullish. |
| Momentum | 14-day RSI near 71 | RSI is overbought at about 71.01 on Barchart and 71.02 on StockAnalysis.com, with 14-day stochastic %K near 83.84 and %D near 85.75, so short-term momentum is stretched. |
| Trend strength | 14-day ADX near 24.14 | Barchart reported +DI at 43.01 versus -DI at 18.12 on August 3, 2026, confirming an uptrend while warning that momentum can fade at overbought levels. |
| Volume | 20-day average ~2.4M shares | Barchart reported a 20-day average volume near 2.4 million shares; August 3 volume of about 750K by early afternoon suggests participation remains active. |
| Volatility | 14-day ATR ~$3.24 (5.65%) | Barchart reported 14-day ATR near $3.24, 14-day historical volatility near 111%, and options implied volatility near 62%, with an option-implied expected range of $54.34 to $60.68 for the next few sessions. |
| Fibonacci retracements | 38.2% $37.11, 50% $41.28, 61.8% $45.46 | Barchart reported retracement levels of the rally from the $23.59 August 2025 low to the $58.98 July 2026 high; a correction toward the $45 to $49 area would retest the earnings gap and 20-day average. |
| Invalidation | Sustained close below $45, then failure to hold $42 | A close below the 20-day average near $45 and the $45.46 Fibonacci level would break the post-earnings trend, and a close below the 50-day average near $42 would signal a deeper correction. |
RNG AI trading strategy
The RNG AI trading strategy provides frameworks only, not personalized financial advice, and no strategy guarantees returns. The stock is overbought after a 142% 52-week rally, carries high realized volatility near 111%, and faces the next earnings report on November 2, 2026, so position sizing, live chart data, and defined invalidation levels matter more than usual.
Buy constructive pullbacks toward the 20-day average near $45.50 or the $49.74 to $53.40 support zone with confirmation of holding above support, and target the $58.98 52-week high and the $60.72 measured-move area. Confirm trend strength with a live 14-day ADX above 20 and +DI above -DI before entering.
Place the stop below $45 and treat a close below the 50-day average near $42 as the structural invalidation. Risk no more than a predefined small percentage of portfolio capital per position.
With RSI near 71 and stochastic overbought, wait for an oversold reading such as RSI near 40 or below on a pullback to the $49.74 to $53.40 zone before considering a long. Target a reversion back toward the breakout area around $55 to $58. Avoid mean-reversion entries around the November 2, 2026 earnings report.
Use a tight stop below the entry catalyst level, for example under $49, because a high-volatility stock can extend a correction quickly after a fast rally.
Wait for a confirmed break above the $58.98 52-week high on above-average volume, holding for at least two consecutive daily closes above the prior high, then target the $60.72 third resistance and the option-implied upper range near $60.68. A measured move beyond that would target the $65 to $70 area.
Place a stop below $55.50 or the breakout level, whichever is closer, and consider a trailing stop once price clears $60. Review the setup if the stock gaps down through the 5-day average near $56.
Investment research summary
RingCentral sells cloud business phone, messaging, video, and contact center software on a recurring subscription, and it now charges for native AI products such as AIR, AIR Pro, AVA, and ACE that automate and assist customer conversations. Customers pay monthly per seat and per AI feature, which gives the model roughly 71.8% TTM gross margin and subscription gross margins above 80%.
The moat rests on a proprietary carrier-grade voice network carrying roughly 40 billion minutes a year, about 16,000 channel partners, 16 global service providers, deep CRM and productivity integrations, and billions of recorded conversations used to train AI agents. Switching costs rise as customers add contact center and AI modules, but the UCaaS moat is narrower than Microsoft Teams and Zoom.
Founder, CEO, and Executive Chairman Vladimir Shmunis has led the company since 1999. Management executed the pivot to profitability: Q2 2026 beat the high end of guidance on all key metrics, FY2026 guidance was raised, the dividend was increased to $0.125 quarterly, gross debt was cut by about $130 million in the first half, about 2.2 million shares were repurchased, and stock-based compensation fell to 9% of revenue.
The thesis fails if AI monetization turns out to be rebranding rather than durable revenue, if Microsoft Teams or Zoom compress the addressable share, if small and mid-sized customer churn rises, if AI token costs erode subscription gross margins, or if the roughly $1.05 billion net debt and negative book equity become constraints if growth stalls.
The UCaaS, CCaaS, and conversational AI markets are converging into AI-powered customer engagement, a combined market RingCentral estimates above $150 billion based on IDC and Gartner data. AI adoption is a structural tailwind, but Microsoft and Zoom bundle competing products and can underprice independent platforms.
At $57.18 the stock trades at a forward P/E of about 10.6x and a price/free cash flow of about 7.5x with a free cash flow yield near 13.3%, which prices in continued margin expansion. But it sits above the $46.43 average analyst target, so the margin of safety depends on delivering the raised FY2026 guidance and on the AI attach rate holding into 2027.
Source-backed data
Every metric below includes a source and last verification date.
| Metric | Value | Source | Last verified |
|---|---|---|---|
| Current price | $57.18 at the Aug 3, 2026, 1:46 PM EDT reading, +2.80% from the $55.62 close, day range $56.19-$58.56 | StockAnalysis.com and Barchart | August 3, 2026 |
| Market capitalization | $4.77 billion (83.51M shares x $57.18) | StockAnalysis.com | August 3, 2026 |
| Enterprise value | $5.84 billion | StockAnalysis.com statistics | August 3, 2026 |
| Shares outstanding | 83.51 million, down 2.96% year over year | StockAnalysis.com statistics | August 3, 2026 |
| P/E ratio (TTM) | 44.50 on GAAP EPS of $1.25; Barchart shows 23.46 on adjusted EPS of $2.28 | StockAnalysis.com statistics and Barchart | August 3, 2026 |
| Forward P/E | 10.61 | StockAnalysis.com statistics | August 3, 2026 |
| PEG ratio | 0.53 | StockAnalysis.com statistics | August 3, 2026 |
| Price/Sales and P/FCF | PS 1.85; P/FCF 7.50; FCF yield 13.34%; EV/EBITDA 14.58 | StockAnalysis.com statistics | August 3, 2026 |
| Revenue (TTM) | $2.58 billion, up 5.2% | StockAnalysis.com | August 3, 2026 |
| Net income (TTM) | $110.26 million on the statistics page ($17.56 million shown on the financials overview page); FY2025 $43.39 million; FY2024 -$58.29 million | StockAnalysis.com statistics and financials | August 3, 2026 |
| EPS (TTM, GAAP) | $1.25; FY2025 $0.48 | StockAnalysis.com financials | August 3, 2026 |
| Free cash flow | TTM $638.14 million; FY2025 $587.32 million; Q2 2026 $180 million, up 25% | StockAnalysis.com and Q2 2026 earnings call | August 3, 2026 |
| Q2 2026 revenue and EPS | Total revenue ~$657M, +5.9%; subscription revenue ~$634M, +5.8%; non-GAAP EPS $1.22 vs $1.17 consensus; non-GAAP operating margin 23.4% | Q2 2026 earnings release and earnings call | July 23, 2026 |
| FY2026 guidance | Non-GAAP EPS $4.96-$5.10; total revenue $2.635B-$2.646B; free cash flow $615M-$625M ($7.07-$7.23 per share) | Q2 2026 earnings call | July 23, 2026 |
| Dividend | $0.50 annualized (0.88%), quarterly dividend raised from $0.075 to $0.125, ex-dividend date Aug 6, 2026, payable Aug 20, 2026 | StockAnalysis.com and Q2 2026 earnings release | August 3, 2026 |
| 52-week range | $23.59 (Aug 5, 2025) to $58.98 (Jul 29, 2026) | StockAnalysis.com and Barchart | August 3, 2026 |
| Analyst consensus and target | Consensus Buy (15 analysts, S&P Global; Moderate Buy on 14 analysts per Barchart); average target $46.43, low $38, median $45, high $60 | S&P Global via StockAnalysis.com forecast | July 29, 2026 |
| Consensus estimates | FY2026 revenue $2.64B and non-GAAP EPS $5.07; FY2027 revenue $2.76B and EPS $5.50 | S&P Global via StockAnalysis.com forecast | July 29, 2026 |
| Balance sheet | Cash $111.50M; total debt $1.16B; net debt about $1.05B; book equity -$410.91M; net leverage 1.5x on the earnings call | StockAnalysis.com statistics and Q2 2026 earnings call | August 3, 2026 |
| Short interest | 8.81 million shares, 10.55% of shares outstanding, 5.54 days to cover | StockAnalysis.com statistics | August 3, 2026 |
| Moving averages | 5-day $56.17; 20-day $45.47; 50-day $42.17; 100-day $40.94; 200-day $35.23 | Barchart technical analysis and StockAnalysis.com | August 3, 2026 |
| Momentum and volatility | 14-day RSI ~71.01 (Barchart) / 71.02 (StockAnalysis.com); 14-day ADX 24.14; 14-day ATR $3.24; 14-day historical volatility near 111% | Barchart technical analysis | August 3, 2026 |
| AI business metrics | 13% of ARR from customers using at least one paid native AI product (~$300M, doubled YoY); 16,000+ paying AIR/AI Receptionist customers, +400% YoY; ACE 6,300+ customers, +70% YoY | Q2 2026 earnings call | July 23, 2026 |
| Next earnings date | November 2, 2026 (Q3 2026; Barchart) | Barchart | August 3, 2026 |
This RNG AI stock analysis page is an informational research tool, not investment advice. All forecasts, scenarios, technical levels, and source-backed figures are based on publicly available data as of the stated August 4, 2026 cutoff date, including the Q2 2026 earnings report released on July 23, 2026, and they may be wrong. Forecast scenarios are simplified estimates, not guarantees of future performance. Past performance does not guarantee future results, and investing involves risk, including potential loss of principal. RingCentral reports Q3 2026 results on November 2, 2026, and prices and technical levels should be re-verified on a live chart before any trading decision.
Design trading strategies visually with 10+ indicators. Set entry/exit conditions and risk management, then generate Pine Script code with no coding required.
Filter and discover stocks based on market cap, dividend yield, P/E ratio, sector, and more. Screen thousands of stocks with real-time data.
Smart AI-driven stock selection with fundamental screening, analyst estimates, and key metrics. Filter by P/E, market cap, dividends, and more.
