RingCentral rises on upbeat FY26 profit forecast

By Reuters News

** Shares of US cloud communications software provider RingCentral RNG.N climb 8.8% to $86.37

** RNG sees FY26 adjusted EPS of $5.10 at the midpoint vs analysts' estimate of $5.08 — LSEG compiled data

** Co sees FY26 revenue of $2.654 billion at the midpoint of its forecast range, in line with analysts' estimate

** Co reported Q3 revenue of $676 million and adjusted EPS of $1.33, both above analysts' expectations

** The stock is trading at its highest levels since April 2022

** 7 of 17 brokerages rate stock "buy" or higher and 10 "hold"; median PT $94 — data compiled by LSEG

** Including session's moves, RNG share value has nearly tripled YTD, outperforming the S&P Composite 1500 Software & Services .SPCOMIS index, which is up 5.7% YTD

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