Ribbon Communications (NASDAQ:RBBN) Releases Earnings Results

Ribbon Communications (NASDAQ:RBBN) issued its quarterly earnings data on Wednesday. The communications equipment provider reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01, Zacks reports. Ribbon Communications had a negative net margin of 6.62% and a positive return on equity of 5.41%. Ribbon Communications updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.

Ribbon Communications Price Performance

Shares of RBBN stock opened at $4.33 on Thursday. The firm has a fifty day moving average of $4.07 and a two-hundred day moving average of $3.63. The firm has a market cap of $759.40 million, a P/E ratio of -13.53 and a beta of 1.11. Ribbon Communications has a 1-year low of $2.46 and a 1-year high of $4.39. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.42 and a quick ratio of 1.16.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on RBBN shares. Northland Securities raised their price target on shares of Ribbon Communications from $5.50 to $6.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Rosenblatt Securities reiterated a “buy” rating and issued a $5.50 price target on shares of Ribbon Communications in a research note on Monday, December 30th. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $6.00.

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.