Ribbon Communications (RBBN) to Release Quarterly Earnings on Wednesday

Ribbon Communications (NASDAQ:RBBN - Get Free Report) is projected to release its earnings data before the market opens on Wednesday, February 12th. Analysts expect Ribbon Communications to post earnings of $0.13 per share and revenue of $243.61 million for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Ribbon Communications Stock Performance

Shares of Ribbon Communications stock traded down $0.10 during trading on Friday, hitting $4.09. 484,297 shares of the stock were exchanged, compared to its average volume of 404,770. The company has a fifty day moving average price of $4.05 and a 200-day moving average price of $3.62. The stock has a market capitalization of $717.30 million, a price-to-earnings ratio of -12.78 and a beta of 1.11. The company has a current ratio of 1.42, a quick ratio of 1.16 and a debt-to-equity ratio of 0.84. Ribbon Communications has a 1-year low of $2.46 and a 1-year high of $4.39.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Rosenblatt Securities restated a "buy" rating and set a $5.50 target price on shares of Ribbon Communications in a research note on Monday, December 30th. Northland Securities boosted their price objective on Ribbon Communications from $5.50 to $6.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Ribbon Communications currently has an average rating of "Buy" and an average price target of $6.00.

About Ribbon Communications

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.