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

Ribbon Communications

29/07/2021 01:19

* Ribbon Communications Inc  RBBN.OQ  reported quarterly
adjusted earnings of 17 cents​​ per share for the quarter ended
in June. The mean expectation of three analysts for the quarter
was for earnings of 10 cents per share.
* Revenue rose 0.3% to $211.21 million from a year ago; 
analysts expected $218.31 million. 
* Ribbon Communications Inc's reported EPS for the quarter was
15 cents​.
* The mean earnings estimate of analysts had fallen by
about 6.1% 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 fallen by 7.6% this
quarter and gained 7.2% so far this year.
* The company reported quarterly net income of $23.24 million.
* Wall Street's median 12-month price target for Ribbon
Communications Inc is $13.00 
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
This summary was machine generated July 29 at 12:19 a.m.  ​All
figures in US dollars unless otherwise stated