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

Ribbon Communications

15/02/2023 22:03

* Ribbon Communications Inc  RBBN.OQ  reported quarterly
adjusted
earnings of 9 cents​​ per share for the quarter ended in
December. The mean expectation of four analysts for the quarter
was for breakeven results per share.
    * Revenue rose 1.5% to $234.00 million from a year ago;
analysts
expected $229.16 million. 
    * Ribbon Communications Inc's reported EPS for the quarter
was 12
cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Ribbon Communications Inc shares had risen by 28.7% this
quarter.
    * The company reported quarterly net income of $20.49
million.
    * Wall Street's median 12-month price target for Ribbon
Communications Inc is $5.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
15 at 10:02 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.00           0.09           Beat
 Sep. 30 2022      0.06           0.02           Missed
 Jun. 30 2022      0.04           0.06           Beat
 Mar. 31 2022      -0.08          -0.08          Met