Ribbon Communications (RBBN) to Release Earnings on Wednesday

Ribbon Communications (NASDAQ:RBBN) is scheduled to post its quarterly earnings results after the market closes on Wednesday, July 24th. Analysts expect Ribbon Communications to post earnings of $0.04 per share for the quarter. Ribbon Communications has set its Q2 2024 guidance at EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Ribbon Communications (NASDAQ:RBBN) last announced its quarterly earnings data on Wednesday, April 24th. The communications equipment provider reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). Ribbon Communications had a negative net margin of 7.11% and a positive return on equity of 4.32%. The firm had revenue of $179.66 million during the quarter, compared to analysts’ expectations of $184.22 million. 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 Trading Up 4.9 %

Shares of RBBN opened at $3.88 on Tuesday. Ribbon Communications has a twelve month low of $1.78 and a twelve month high of $3.92. The firm has a market capitalization of $674.77 million, a P/E ratio of -11.09 and a beta of 1.08. The firm’s 50-day moving average is $3.22 and its two-hundred day moving average is $3.10.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on RBBN shares. Rosenblatt Securities started coverage on Ribbon Communications in a report on Thursday, July 11th. They issued a “buy” rating and a $5.00 price target on the stock. B. Riley upped their target price on Ribbon Communications from $6.00 to $6.50 and gave the company a “buy” rating in a report on Thursday, April 25th. Finally, JMP Securities started coverage on Ribbon Communications in a research note on Monday, April 29th. They set a “mkt outperform” rating and a $6.00 price target for the company.

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.