Ribbon Communications (RBBN) to Release Earnings on Wednesday

Ribbon Communications (NASDAQ:RBBN - Get Free Report) will release its earnings data after the market closes on Wednesday, October 23rd. Analysts expect Ribbon Communications to post earnings of $0.05 per share for the quarter. Ribbon Communications has set its Q3 2024 guidance at EPS and its FY 2024 guidance at EPS.Persons interested in registering for the company's earnings conference call can do so using this link.

Ribbon Communications (NASDAQ:RBBN - Get Free Report) last announced its quarterly earnings results on Wednesday, July 24th. The communications equipment provider reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.01). Ribbon Communications had a negative net margin of 6.68% and a positive return on equity of 5.32%. The firm had revenue of $192.62 million during the quarter, compared to analysts' expectations of $203.05 million. During the same quarter in the prior year, the business earned $0.01 EPS. On average, analysts expect Ribbon Communications to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Ribbon Communications Price Performance

NASDAQ:RBBN traded up $0.12 during mid-day trading on Wednesday, hitting $3.38. 276,212 shares of the company's stock traded hands, compared to its average volume of 363,387. Ribbon Communications has a 1 year low of $1.78 and a 1 year high of $3.95. The company has a market cap of $587.82 million, a PE ratio of -9.31 and a beta of 1.09. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.19 and a current ratio of 1.48. The firm's 50 day simple moving average is $3.15 and its 200 day simple moving average is $3.15.

Analysts Set New Price Targets

Separately, Rosenblatt Securities reissued a "buy" rating and set a $5.00 price target on shares of Ribbon Communications in a research report on Wednesday, September 25th.

Ribbon Communications Company Profile

Ribbon Communications Inc provides communications technology in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. It operates through two segments, Cloud and Edge, and IP Optical Networks. The Cloud and Edge segment provides software and hardware products, solutions, and services for voice over internet protocol communications, voice over long-term evolution, and voice over 5G communications, and unified communications and collaboration.