Ribbon Communications (NASDAQ:RBBN – Get Free Report) posted its earnings results on Wednesday. The communications equipment provider reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 Performance
Shares of RBBN opened at $5.00 on Friday. Ribbon Communications has a 52 week low of $2.46 and a 52 week high of $5.25. The company has a 50-day simple moving average of $4.07 and a 200-day simple moving average of $3.63. The company has a quick ratio of 1.16, a current ratio of 1.42 and a debt-to-equity ratio of 0.84.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on RBBN shares. Northland Securities boosted their price target on Ribbon Communications from $5.50 to $6.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. JMP Securities reaffirmed a “market outperform” rating and set a $6.00 target price on shares of Ribbon Communications in a research report on Thursday. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $5.50 price target on shares of Ribbon Communications in a research report on Monday, December 30th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Ribbon Communications 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.
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