Ribbon Communications (NASDAQ:RBBN - Get Free Report) released its quarterly earnings results on Tuesday. The communications equipment provider reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.04), Briefing.com reports. Ribbon Communications had a negative net margin of 6.50% and a positive return on equity of 7.36%. The firm had revenue of $181.28 million for the quarter, compared to analyst estimates of $191.66 million. During the same period in the previous year, the business posted ($0.01) earnings per share. Ribbon Communications's revenue for the quarter was up .9% on a year-over-year basis. Ribbon Communications updated its FY 2025 guidance to EPS and its Q2 2025 guidance to EPS.
Ribbon Communications Stock Performance
Shares of NASDAQ:RBBN traded up $0.09 on Friday, reaching $3.32. 304,474 shares of the company's stock were exchanged, compared to its average volume of 563,662. Ribbon Communications has a fifty-two week low of $2.75 and a fifty-two week high of $5.38. The business's 50-day moving average is $3.85 and its two-hundred day moving average is $3.97. 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 firm has a market capitalization of $583.22 million, a price-to-earnings ratio of -10.36 and a beta of 1.37.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the company. StockNews.com lowered Ribbon Communications from a "strong-buy" rating to a "buy" rating in a research report on Monday, March 31st. B. Riley reduced their target price on Ribbon Communications from $7.50 to $6.00 and set a "buy" rating for the company in a research note on Wednesday. Rosenblatt Securities reiterated a "buy" rating and set a $5.50 price objective on shares of Ribbon Communications in a research note on Wednesday. Finally, JMP Securities reissued 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, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $5.88.
Check Out Our Latest Stock Analysis on Ribbon Communications
About Ribbon Communications
(
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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.
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