Stock buyback and acquisition news drive sharp gains in RingCentral and Masimo shares
Sectors & Industries
February 23, 2026
Table of Contents
RingCentral surged 35% in one day after announcing it increased its share repurchase authorization to $500 million — roughly 12% of its market cap. The move signaled management confidence in cash generation and valuation, reinforced by FY2025 revenue of $2.5B (+5%) and free cash flow of $530M (+32% YoY), alongside the launch of its first quarterly dividend.
Masimo jumped 34% in one day after agreeing to be acquired in a deal valued at roughly $10 billion. The transaction price represented about a 40% premium to the prior close, immediately re-pricing the stock higher as investors priced in the cash takeout.
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