Ribbon Communications (RBBN) Projected to Post Quarterly Earnings on Tuesday

Ribbon Communications (NASDAQ:RBBN - Get Free Report) is anticipated to release its earnings data before the market opens on Tuesday, April 29th. Analysts expect Ribbon Communications to post earnings of $0.01 per share and revenue of $191.66 million for the quarter. Ribbon Communications has set its FY 2025 guidance at EPS and its Q1 2025 guidance at EPS.Individual 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 data on Wednesday, February 12th. The communications equipment provider reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.01. Ribbon Communications had a negative net margin of 6.50% and a positive return on equity of 7.36%. 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 Stock Performance

RBBN stock traded up $0.05 during midday trading on Friday, reaching $3.58. The company had a trading volume of 378,782 shares, compared to its average volume of 415,649. The company has a quick ratio of 1.16, a current ratio of 1.42 and a debt-to-equity ratio of 0.84. The stock has a 50 day moving average price of $4.10 and a 200 day moving average price of $3.95. The firm has a market capitalization of $629.84 million, a PE ratio of -11.19 and a beta of 1.37. Ribbon Communications has a fifty-two week low of $2.47 and a fifty-two week high of $5.38.

Wall Street Analysts Forecast Growth

RBBN has been the topic of a number of recent research reports. Rosenblatt Securities reiterated a "buy" rating and issued a $5.50 target price on shares of Ribbon Communications in a research note on Monday, December 30th. StockNews.com downgraded shares of Ribbon Communications from a "strong-buy" rating to a "buy" rating in a research report on Monday, March 31st. Finally, JMP Securities restated a "market outperform" rating and issued a $6.00 target price on shares of Ribbon Communications in a research report on Thursday, February 13th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Ribbon Communications presently has a consensus rating of "Buy" and an average target price 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.