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

Ribbon Communications

29/04/2021 24:35

* Ribbon Communications Inc  RBBN.OQ  reported quarterly
adjusted earnings of 3 cents​​ per share for the quarter ended
in March. The mean expectation of three analysts for the quarter
was for earnings of 2 cents per share.
* Revenue rose 22% to $192.77 million from a year ago​; 
analysts expected $193.52 million.
* Ribbon Communications Inc's reported EPS for the quarter was a
loss of 31 cents​.
* The mean earnings estimate of analysts had fallen by
about 28.5% 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 0.8% this
quarter and gained 24.2% so far this year.
* The company reported a quarterly loss of $44.69 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 April 28 at 11:35 p.m. GMT.
​All figures in US Dollars.​