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

Ribbon Communications (NASDAQ:RBBN) is expected to post its quarterly earnings results before the market opens on Wednesday, April 23rd. 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.

Ribbon Communications (NASDAQ:RBBN) last released its quarterly earnings data on Wednesday, February 12th. The communications equipment provider reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. Ribbon Communications had a positive return on equity of 7.36% and a negative net margin of 6.50%. 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

Shares of RBBN stock opened at $3.62 on Wednesday. Ribbon Communications has a fifty-two week low of $2.47 and a fifty-two week high of $5.38. The stock’s 50-day moving average is $4.14 and its two-hundred day moving average is $3.95. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.42 and a quick ratio of 1.16. The firm has a market cap of $636.88 million, a P/E ratio of -11.31 and a beta of 1.37.

Wall Street Analyst Weigh In

RBBN has been the topic of several recent research reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $5.50 price objective on shares of Ribbon Communications in a research report on Monday, December 30th. JMP Securities reaffirmed a “market outperform” rating and issued a $6.00 price objective on shares of Ribbon Communications in a research note on Thursday, February 13th. StockNews.com cut shares of Ribbon Communications from a “strong-buy” rating to a “buy” rating in a report on Monday, March 31st. Finally, Northland Securities raised their target price on Ribbon Communications from $5.50 to $6.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Ribbon Communications presently has a consensus rating of “Buy” and a consensus 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.