BUZZ - RingCentral shares rise on upbeat FY2026 earnings outlook

October 23 - ** Shares of US cloud communication software provider RingCentral (RNG.N) rose 8.8% to $86.37

** RNG expects median adjusted earnings per share (EPS) of $5.10 for fiscal year 2026, higher than analysts’ estimate of $5.08 — data compiled by LSEG

** The company forecasts fiscal 2026 revenue to be $2.654 billion (at the midpoint of guidance), in line with analysts’ expectations

** The company reported third-quarter revenue of $676 million and adjusted EPS of $1.33, both beating analysts’ expectations

** The stock is currently trading at its highest level since April 2022

** Of 17 brokerages, 7 rated the stock “buy” or higher, while 10 rated it “hold”; the median price target is $94 — data compiled by LSEG

** Including today’s move, RNG shares have nearly tripled so far this year, outperforming the S&P Composite 1500 Software & Services Index (.SPCOMIS), which is up 5.7% year to date

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