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

Ribbon Communications

27/10/2021 22:02

* Ribbon Communications Inc  RBBN.OQ  reported quarterly
adjusted earnings of 11 cents​​ per share for the quarter ended
in September. The mean expectation of three analysts for the
quarter was for earnings of 12 cents per share.
* Revenue fell 9% to $210.40 million from a year ago;  analysts
expected $220.12 million. 
* Ribbon Communications Inc's reported EPS for the quarter was a
loss of 40 cents​.
* The mean earnings estimate of analysts had fallen by
about 27.1% 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 risen by 0.2% this
quarter and lost 8.7% so far this year.
* The company reported a quarterly loss of $59.43 million.
* Wall Street's median 12-month price target for Ribbon
Communications Inc is $10.00 
* 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 October 27 at 09:02 p.m.
 ​All figures in US dollars unless otherwise stated