Ribbon Communications (RBBN) Projected to Post Earnings on Wednesday

Ribbon Communications (NASDAQ:RBBN) is anticipated to post its quarterly earnings results before the market opens on Wednesday, February 12th. Analysts expect Ribbon Communications to post earnings of $0.13 per share and revenue of $243.61 million for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Ribbon Communications Price Performance

Shares of NASDAQ:RBBN opened at $4.09 on Wednesday. The company’s fifty day moving average is $4.03 and its two-hundred day moving average is $3.61. The company has a market cap of $717.30 million, a P/E ratio of -12.78 and a beta of 1.11. Ribbon Communications has a 12-month low of $2.46 and a 12-month high of $4.39. The company has a quick ratio of 1.16, a current ratio of 1.42 and a debt-to-equity ratio of 0.84.

Wall Street Analyst Weigh In

RBBN has been the topic of several recent analyst reports. Northland Securities upped their price target on Ribbon Communications from $5.50 to $6.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Rosenblatt Securities reiterated a “buy” rating and issued a $5.50 target price on shares of Ribbon Communications in a report on Monday, December 30th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $6.00.

Ribbon Communications Company Profile

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.