Ribbon Communications (NASDAQ:RBBN) is scheduled to release its earnings data before the market opens on Thursday, April 26th. Analysts expect Ribbon Communications to post earnings of ($0.06) per share for the quarter.
Ribbon Communications (NASDAQ:RBBN) last released its earnings results on Thursday, March 1st. The communications equipment provider reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). Ribbon Communications had a positive return on equity of 3.22% and a negative net margin of 10.68%. The firm had revenue of $169.50 million for the quarter, compared to the consensus estimate of $150.25 million. During the same quarter in the previous year, the business posted $0.09 EPS. Ribbon Communications’s revenue was up 150.7% on a year-over-year basis. On average, analysts expect Ribbon Communications to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
NASDAQ RBBN traded up $0.16 on Tuesday, reaching $5.46. 209,256 shares of the stock were exchanged, compared to its average volume of 481,265. Ribbon Communications has a one year low of $4.97 and a one year high of $9.05. The stock has a market cap of $545.32, a price-to-earnings ratio of 78.00 and a beta of 1.77. The company has a current ratio of 1.16, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04.
In other Ribbon Communications news, CEO Franklin W. Iv Hobbs bought 75,000 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The stock was purchased at an average cost of $5.66 per share, with a total value of $424,500.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bruns H. Grayson bought 100,000 shares of the business’s stock in a transaction that occurred on Thursday, March 15th. The stock was acquired at an average cost of $5.17 per share, with a total value of $517,000.00. The disclosure for this purchase can be found here. Company insiders own 7.68% of the company’s stock.
A number of research firms have commented on RBBN. BidaskClub cut shares of Ribbon Communications from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. ValuEngine cut shares of Ribbon Communications from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 13th. Zacks Investment Research cut shares of Ribbon Communications from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 4th. William Blair reiterated a “buy” rating on shares of Ribbon Communications in a research report on Monday, March 12th. Finally, TheStreet cut shares of Ribbon Communications from a “c-” rating to a “d+” rating in a research report on Friday, March 16th. Four equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $7.25.
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Ribbon Communications Company Profile
Ribbon Communications Inc provides networked solutions in the United States, Europe, the Middle East, Africa, Japan, rest of the Asia Pacific, and internationally. The company offers service provider solutions, such as fixed network transformation, mobile network evolution, secure network interconnects, network functions virtualization, cloud communications, and communications security solutions that enables to modernize communications networks, as well as provides secure real-time communications software, hardware, and cloud-native solutions.
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