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

Ribbon Communications

26/04/2023 22:03

* Ribbon Communications Inc  RBBN.OQ  reported a quarterly
adjusted loss of 2 cents​​ per share for the quarter ended in
March. The mean expectation of five analysts for the quarter was
for a loss of 4 cents per share.
    * Revenue rose 7.5% to $186.16 million from a year ago;
analysts
expected $186.72 million. 
    * Ribbon Communications Inc's reported EPS for the quarter
was a
loss of 23 cents​.
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Ribbon Communications Inc shares had fallen by 30.7% this
quarter and lost 15.1% so far this year.
    * The company reported a quarterly loss of $38.31 million.
    * Wall Street's median 12-month price target for Ribbon
Communications Inc is $6.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
April 26 at 09:03 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.04          -0.02          Beat
 Dec. 31 2022      0.00           0.09           Beat
 Sep. 30 2022      0.06           0.02           Missed
 Jun. 30 2022      0.04           0.06           Beat