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RBBN — Ribbon Communications News Story

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Ribbon Communications Inc reports results for the quarter ended December 31 - Earnings Summary

* Ribbon Communications Inc  RBBN.OQ  reported quarterly
adjusted
earnings of 16 cents​​ per share for the quarter ended December
31, higher than the same quarter last year, when the company
reported EPS of 12 cents.  The mean expectation of five analysts
for the quarter was for earnings of 12 cents per share. Wall
Street expected results to range from 11 cents to 13 cents per
share.
    * Revenue rose 11% to $251.36 million from a year ago;
analysts
expected $243.61 million. 
    * Ribbon Communications Inc's reported EPS for the quarter
was 4
cents​.
    * The company reported quarterly net income of $6.36
million.
    * Ribbon Communications Inc shares had risen by 4.3% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
communications &
networking peer group is also "buy"

Wall Street's median 12-month price target for Ribbon
Communications Inc is $6.00 
This summary was machine generated from LSEG data February 12 at
10:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.12           0.16           Beat
 Sep. 30 2024      0.06           0.05           Missed
 Jun. 30 2024      0.05           0.05           Met
 Mar. 31 2024      0.00           -0.01          Missed

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