Ribbon Communications (RBBN) Scheduled to Post Earnings on Wednesday

Posted by Defense World Staff on Oct 16th, 2024

Ribbon Communications (NASDAQ:RBBN – Get Free Report) will be posting its quarterly earnings results after the market closes on Wednesday, October 23rd. Analysts expect Ribbon Communications to post earnings of $0.05 per share for the quarter. Ribbon Communications has set its Q3 2024 guidance at EPS and its FY 2024 guidance at EPS.Parties interested in participating in the company’s conference call can do so using this link.

Ribbon Communications (NASDAQ:RBBN – Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The communications equipment provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $192.62 million during the quarter, compared to the consensus estimate of $203.05 million. Ribbon Communications had a negative net margin of 6.68% and a positive return on equity of 5.32%. During the same period in the prior year, the firm posted $0.01 earnings per share. On average, analysts expect Ribbon Communications to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Ribbon Communications Stock Performance

Shares of Ribbon Communications stock opened at $3.26 on Wednesday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.48 and a quick ratio of 1.19. The firm has a market cap of $566.95 million, a price-to-earnings ratio of -9.31 and a beta of 1.09. The stock’s 50-day moving average is $3.14 and its 200-day moving average is $3.15. Ribbon Communications has a one year low of $1.78 and a one year high of $3.95.

Wall Street Analysts Forecast Growth

Separately, Rosenblatt Securities reaffirmed a “buy” rating and set a $5.00 price target on shares of Ribbon Communications in a research report on Wednesday, September 25th.

View Our Latest Report on Ribbon Communications

About Ribbon Communications

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Ribbon Communications Inc provides communications technology in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. It operates through two segments, Cloud and Edge, and IP Optical Networks. The Cloud and Edge segment provides software and hardware products, solutions, and services for voice over internet protocol communications, voice over long-term evolution, and voice over 5G communications, and unified communications and collaboration.