Ribbon Communications (NASDAQ:RBBN) Issues Earnings Results

Ribbon Communications (NASDAQ:RBBN) released its earnings results on Wednesday. The communications equipment provider reported $0.14 earnings per share 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 Stock Down 0.2 %

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Northland Securities boosted their price objective on Ribbon Communications from $5.50 to $6.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Rosenblatt Securities restated a “buy” rating and set a $5.50 price target on shares of Ribbon Communications in a research report on Monday, December 30th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target 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.