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RingCentral Chief Accounting Officer Sells 4,172 Shares Under 10b5-1 Plan
RingCentral Chief Accounting Officer Tarun Arora sold 4,172 shares of Class A Common Stock on September 9, 2026, according to an SEC Form 4 filing. The sale was executed at a weighted average price of $70.36 per share, for a transaction value of roughly $294,000, and was made under a Rule 10b5-1 trading plan established on May 22, 2026, making it a non-discretionary transaction rather than a market-timed decision. Following the disposition, Arora directly holds 65,692 shares, a stake valued at about $4.57 million based on the September 9 close of $69.64 and roughly $4.6 million based on the September 11 close of $68.92. The sale came shortly after the stock hit a 52-week high of $77.95 on September 3, amid a 119% one-year total return, after second-quarter sales grew 6% year over year to $657 million and earnings per share jumped to $0.45 from $0.14. RingCentral also raised its full-year sales outlook, expecting revenue of about $2.6 billion in 2026 compared with $2.5 billion last year.
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RingCentral Expands AI Communications Through Mets and Digital Island Deals
RingCentral has announced two new partnerships to expand its AI-powered communications reach, one with the New York Mets to modernize fan engagement and another with New Zealand's Digital Island to offer AI-driven solutions to local enterprises. These agreements, part of a broader push into AI infrastructure, aim to replace older on-premise systems for large organizations and broaden international enterprise channels. The company, with a US$6.4 billion market cap, focuses on agentic voice AI and cloud communication services, and the partnerships signal growing traction for its AI stack. However, the key question is how quickly these relationships convert into wider adoption, with updates on Mets seat onboarding and Digital Island early wins expected later this year.
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RingCentral AI Customers Reach 13% of ARR as Revenue Grows 6%
RingCentral reported that customers using at least one paid native AI product now represent about 13% of annual recurring revenue, double the year-earlier level, as second-quarter revenue rose 5.9% to $657 million. Subscription revenue increased 5.8% to $634 million, and GAAP operating margin reached 7.7%. Management raised its full-year revenue range, lifted free-cash-flow guidance to $615 million to $625 million, and increased the dividend 67%. The stock has gained about 141% over the past year, trading near a four-year high, raising questions about whether the market has already priced in the AI-driven expansion. Hedge fund holdings increased to 27 in Q2 from 25 in Q1, while short interest declined to 7.06 million shares, or 9.12% of float, as of August 14.
Cloud & Digital Infrastructure▲
New York Mets Partner with RingCentral for AI Communications
RingCentral, Inc. has announced a new partnership with the New York Mets to modernize fan engagement, ticket sales, and business communications, replacing the team's legacy on-premise phone system with RingCentral's cloud platform. The Mets will connect all 800 employees on one platform using RingEX for day-to-day communications, while RingCX enables the sales team to call and text every fan lead with unlimited toll-free and outbound calling. Advanced Support will provide dedicated support as the team scales. Oscar Fernandez, Senior Vice President of Technology for the Mets, cited RingCentral's native Microsoft integrations and open-platform approach as key factors in the selection, aiming to make the Mets the most fan-friendly and technology-driven organization in baseball.
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Zoom Q2 Earnings Preview: Revenue Growth Expected to Slow
Zoom is set to report second-quarter earnings on Tuesday afternoon, with analysts expecting revenue to grow 4.2% year over year, a slight deceleration from the 4.7% increase recorded in the same quarter last year. The company beat revenue expectations last quarter, reporting $1.24 billion, up 5.5% year on year, and added 66 enterprise customers paying more than $100,000 annually to reach a total of 4,534. Analysts have generally reconfirmed their estimates over the last 30 days, and Zoom has a history of exceeding Wall Street's expectations. Peers RingCentral and 8x8 have already reported second-quarter results, with revenue growth of 5.9% and 4.9% respectively, both beating analyst expectations. Zoom shares are up 18.5% over the last month, heading into earnings with an average analyst price target of $116.35 compared to the current share price of $108.09.
RingCentral Soars to Four-Year High Ahead of 67% Dividend Increase
RingCentral climbed to a new four-year high on Monday as investors positioned ahead of the cutoff date for its 67-percent higher dividends. The stock hit an intraday record of $55.30 before closing up 11.16 percent at $53.70. The company will pay the first round of higher dividends of $0.125 per share to shareholders of record as of August 6, 2026, with payment on August 20. The increase follows second-quarter results that beat guidance, with revenue rising 5.9 percent to $657 million and non-GAAP diluted earnings per share reaching $1.22, exceeding the outlook of $1.15 to $1.17. Hedge fund participation dipped to 25 funds from 27 in the prior quarter, but the collective stake grew 17.7 percent to $406 million.
RingCentral stock surges on strong free cash flow and dividend boost
Shares of RingCentral surged this past week after the cloud communications software provider announced strong gains in free cash flow and boosted its dividend. Revenue rose 5.9% year over year to $657 million in the second quarter, while sales of its AI-powered tools doubled over the past year and now account for 13% of annual recurring revenue. Adjusted operating margin improved to 23.4% from 22.5% a year ago, helping drive a 15% increase in adjusted earnings per share to $1.22. Operating and free cash flow climbed 23.3% and 24.8% respectively, to $206 million and $180 million, yielding a free cash flow margin of 27.4%. The company raised its quarterly dividend by 67% to $0.125 per share and lifted its full-year 2026 guidance to adjusted earnings per share of $4.96 to $5.10 and free cash flow of $615 million to $625 million.
Artificial Intelligence▲
RingCentral partners with OpenAI and expands NiCE tie-up for enterprise AI
RingCentral announced a collaboration with OpenAI to build AI-native capabilities into its communications and contact center products, and expanded its bi-directional partnership with NiCE to integrate and resell unified communications and contact center solutions. The company aims to deepen AI across its platform while widening enterprise distribution through NiCE. RingCentral's stock has risen 16.9% over the past week, 34.8% over the past month, and 75.1% year to date, with a current share price of $48.31. The stock trades roughly 4% above the analyst target of $46.43, with estimates ranging from $38 to $60, and is flagged as undervalued, trading about 63.1% below one fair value estimate. The company has negative shareholders' equity and a high level of debt, presenting balance sheet risks alongside the potential benefits of these partnerships.
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NiCE and RingCentral Expand Strategic Partnership to Resell Each Other's Platforms
NiCE and RingCentral have expanded their strategic partnership with a new multi-year agreement that makes the relationship fully bi-directional. Under the deal, NiCE will resell RingCentral's unified communications as a service solution, RingEX, while the companies also extended their existing agreement to market and sell RingCentral Contact Center, powered by NiCE CXone, for an additional year. The expansion builds on more than a decade of collaboration since 2015, offering a deeply integrated UCaaS and CCaaS platform that connects contact center agents with back-office experts. Together with NiCE's CX AI, powered by NiCE Cognigy, organizations can orchestrate AI and human agents as one workforce across customer and employee workflows. The expanded partnership offerings are available now.
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RingCentral Named to TIME's Best Companies List, Stock Still Below Some Fair Value Estimates
RingCentral has been named to TIME's list of America's Best Companies for 2026, highlighting its employee satisfaction, financial performance, and sustainability transparency. The stock has delivered a 90-day share price return of 24.72% and a year-to-date return of 51.40%, with a one-year total shareholder return of 55.62%. Despite trading at $41.77, below a narrative fair value estimate of $45.40, the stock's price-to-earnings ratio of 41.5 times sits above the US Software industry average of 29.3 times and slightly above its own fair ratio of 40.2 times. The company's AI-powered products, including RingCX, RingSense, and AIR, are driving new customer adoption and early double-digit growth. RingCentral's second quarter earnings are scheduled for release on July 23.
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Elevance Health Named Cash-Producing Stock to Watch, RingCentral and Avery Dennison Flagged as Sells
StockStory highlights Elevance Health as a cash-producing stock with exciting potential, while recommending investors sell RingCentral and Avery Dennison. Elevance Health, one of America's largest health insurers serving approximately 47 million medical members, has achieved 9.9% annualized sales growth over the last five years on a revenue base of $198.3 billion, and its market-beating returns on capital demonstrate effective investment. RingCentral, with a trailing 12-month free cash flow margin of 21.2%, faces underwhelming average billings growth of 5.2% and estimated sales growth of 4.5% for the next 12 months, implying slowing demand. Avery Dennison, with a trailing 12-month free cash flow margin of 9.3%, has seen organic revenue growth fall short of benchmarks and earnings per share grow only 4.3% annually over the last five years, lagging peers.
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RingCentral Avoided Over Weak Billings and Slim Revenue Growth
RingCentral is being avoided due to weak billings and slim projected revenue growth. Billings reached $632.4 million in Q1, with year-on-year growth averaging just 5.2% over the last four quarters, signaling soft demand. Wall Street expects revenue to rise only 4.5% over the next 12 months, a deceleration from 15% annualized growth over the past five years. While GAAP operating margin improved by 5.3 percentage points over two years to 6.3%, the company's shaky fundamentals present too much downside risk despite a reasonable valuation of 1.3 times forward price-to-sales.
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Productivity Software Stocks Q1 Results: monday.com Revenue Beats, SoundHound AI Leads Growth, Pegasystems Misses
Productivity software stocks reported a satisfactory first quarter, with aggregate revenues beating analyst consensus estimates by 1.7% while next-quarter revenue guidance was in line. monday.com posted revenue of $351.3 million, up 24.5% year on year and exceeding expectations by 3.6%, though its stock fell 3.7% since the report. SoundHound AI delivered the fastest revenue growth among the 16 tracked peers, with revenue of $44.2 million rising 51.7% year on year and beating estimates by 3.4%, yet its shares dropped 33.1%. Pegasystems was the weakest performer, with revenue declining 9.6% year on year to $430 million, missing estimates by 7.3%, and its stock tumbled 23.4%. RingCentral met expectations with revenue of $644.2 million, up 5.3%, but its stock declined 21%, while UiPath topped estimates by 5.2% with revenue of $418.4 million, up 17.3%, yet its shares fell 10.9%. On average, the group's share prices are down 8.9% since their latest earnings results.
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Nucleus Research names Five9, Genesys, NiCE, RingCentral, and Talkdesk as CCaaS leaders in 2026 Value Matrix
Nucleus Research has released its 2026 CCaaS Technology Value Matrix, naming Five9, Genesys, NiCE, RingCentral, and Talkdesk as Leaders for excelling in both functionality and usability. The report evaluates contact-center-as-a-service platforms on their ability to improve service outcomes, agent productivity, and operational efficiency across voice, digital, and self-service channels. Expert vendors with deep specialized functionality include Amazon Connect, Content Guru, and Twilio, while Accelerators focused on usability and quick deployment are 8x8, Zendesk, and Zoom. Core Providers offering essential reliable functionalities are Avaya, Cisco, Sprinklr, and Fi. The research highlights that organizations achieve the greatest value when automation and customer context are embedded directly into workflows, with AI investments accelerating in areas such as virtual agents, agent assistance, and automated quality scoring.
Artificial Intelligence▲
RingCentral Expands AIR Pro with Native AI Agents in RingCX
RingCentral announced the expansion of its AIR Pro platform to deliver agentic AI capabilities across its customer engagement portfolio, introducing native AI agents embedded directly into RingCX workflows. The new features include autonomous outreach for proactive customer interactions, intelligent handoffs that transfer full context to live agents, an AI-powered workflow builder using natural language, and AI-driven analytics accessible through the AI Virtual Assistant. Additional updates bring live screen monitoring to the RingWEM workforce engagement management solution and add WhatsApp Voice support to RingCX’s digital channels. More than 1,700 businesses have adopted RingCX as of the end of Q1 2026, up over 70% year-over-year, with over half utilizing AI. The new capabilities are currently in beta, with general availability expected in the second half of 2026, and will be priced on a consumption or seat basis depending on the feature.
Artificial Intelligence▼impact 4
Intuit, Akamai, and RingCentral Shares Fall Amid AI-Driven Software Selloff
Shares of Intuit, Akamai, and RingCentral declined in afternoon trading as a broader selloff hit the software sector, driven by fears that AI agents will erode traditional subscription models. Intuit fell 3.7%, Akamai dropped 3.7%, and RingCentral lost 2.4%, while sector heavyweights Alphabet and Microsoft also slid. The declines follow a near-20% single-day drop in Accenture the previous week after it cut its growth outlook and cited AI compressing demand for IT services, reinforcing the thesis that AI is disrupting enterprise software economics. Intuit is now down 59.1% year-to-date, trading at $257.34 per share, 68.1% below its 52-week high of $807.39.
Cloud & Digital Infrastructure▼impact 4
RingCentral and CLEAR Secure Fall After Fed Dot Plot Signals End to Easing Cycle
RingCentral and CLEAR Secure shares declined in afternoon trading after the Federal Reserve held its benchmark rate at 3.5% to 3.75% and released a dot plot that raised the median year-end rate estimate from 3.4% to 3.8%, removing expectations for a 2026 cut and introducing the possibility of a hike. The 2-year Treasury yield rose 11 basis points to 4.161%, pressuring software valuations that are priced on future cash flows. RingCentral fell 5.1% and CLEAR Secure dropped 3.4% as the sector also faced headwinds from an American Apache helicopter going down near the coast of Oman and President Trump saying the US must respond to what he described as an Iranian attack over the Strait of Hormuz.
USA