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

Ribbon Communications

16/02/2022 22:01

* Ribbon Communications Inc  RBBN.OQ  reported quarterly
adjusted
earnings of 1 cent​​ per share for the quarter ended in
December. The mean expectation of three analysts for the quarter
was for earnings of 13 cents per share.
    * Revenue fell 5.6% to $230.58 million from a year ago; 
analysts
expected $252.55 million. 
    * Ribbon Communications Inc's reported EPS for the quarter
was a
loss of 65 cents​.
    * The mean earnings estimate of analysts had fallen by
about 15.2%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Ribbon Communications Inc shares had fallen by 23.8% this
quarter.
    * The company reported a quarterly loss of $96.31 million.
    * Wall Street's median 12-month price target for Ribbon
Communications Inc is $10.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated February 16 at 10:01 p.m.
 ​All figures in US dollars unless otherwise stated