Ribbon Communications (NASDAQ:RBBN - Get Free Report) posted its earnings results on Wednesday. The communications equipment provider reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.01, Zacks reports. Ribbon Communications had a positive return on equity of 5.41% and a negative net margin of 6.62%. Ribbon Communications updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.
Ribbon Communications Price Performance
Shares of NASDAQ RBBN traded up $0.13 during mid-day trading on Friday, reaching $5.13. The company had a trading volume of 1,384,103 shares, compared to its average volume of 404,770. The company has a current ratio of 1.42, a quick ratio of 1.16 and a debt-to-equity ratio of 0.84. The stock has a market cap of $899.70 million, a PE ratio of -16.03 and a beta of 1.11. The company has a 50-day moving average price of $4.12 and a two-hundred day moving average price of $3.66. Ribbon Communications has a 1-year low of $2.46 and a 1-year high of $5.26.
Wall Street Analyst Weigh In
RBBN has been the subject of a number of recent analyst reports. StockNews.com upgraded Ribbon Communications from a "buy" rating to a "strong-buy" rating in a research note on Friday. Rosenblatt Securities reissued a "buy" rating and issued a $5.50 price target on shares of Ribbon Communications in a report on Monday, December 30th. JMP Securities reaffirmed a "market outperform" rating and set a $6.00 target price on shares of Ribbon Communications in a research note on Thursday. Finally, Northland Securities lifted their target price on Ribbon Communications from $5.50 to $6.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $6.00.
Check Out Our Latest Stock Analysis on RBBN
Ribbon Communications Company Profile
(
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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.
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