Picture of Ribbon Communications logo

RBBN — Ribbon Communications News Story

0.000.00%
us flag iconLast trade - 00:00
TechnologyAdventurousSmall CapContrarian

Ribbon Communications Inc reports results for the quarter ended June 30 - Earnings Summary

Ribbon Communications Inc RBBN.OQ reported quarterly adjusted earnings of 5 cents​​ per share for the quarter ended June 30, identical to the same quarter last year.  The mean expectation of six analysts for the quarter was for earnings of 5 cents per share. Wall Street expected results to range from 4 cents to 7 cents per share.

Revenue rose 14.5% to $220.58 million from a year ago; analysts expected $213.39 million.

Ribbon Communications Inc's reported EPS for the quarter was a loss of 6 cents​.

The company reported a quarterly loss of $11.09 million.

Ribbon Communications Inc shares had risen by 0.5% this quarter and lost 3.1% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 40.3% in the last three months.​

In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the communications & networking peer group is also "buy"

Wall Street's median 12-month price target for Ribbon Communications Inc is $6.00, about 32.8% above its last closing price of $4.03

This summary was machine generated from LSEG data July 23 at 09:02 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 20250.050.05Met
Mar. 31 20250.00-0.03Missed
Dec. 31 20240.120.16Beat
Sep. 30 20240.060.05Missed

Recent news on Ribbon Communications

See all news