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

Ribbon Communications

27/04/2022 22:40

* Ribbon Communications Inc  RBBN.OQ  reported a quarterly
adjusted loss of 8 cents​​ per share for the quarter ended in
March. The mean expectation of three analysts for the quarter
was for a loss of 8 cents per share.
    * Revenue fell 10.2% to $173.20 million from a year ago; 
analysts
expected $172.74 million. 
    * Ribbon Communications Inc's reported EPS for the quarter
was a
loss of 47 cents​.
    * The mean earnings estimate of analysts had fallen by
about 236.5% 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 1.6% this
quarter and lost 49.8% so far this year.
    * The company reported a quarterly loss of $69.98 million.
    * Wall Street's median 12-month price target for Ribbon
Communications Inc is $6.50 
    * 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 April 27 at 09:40 p.m.  ​All
figures in US dollars unless otherwise stated