Ribbon Communications (NASDAQ:RBBN – Get Free Report) issued its quarterly earnings data 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 positive return on equity of 5.41% and a negative net margin of 6.62%. Ribbon Communications updated its FY 2025 guidance to EPS and its Q1 2025 guidance to EPS.
Ribbon Communications Stock Up 15.5 %
NASDAQ 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 debt-to-equity ratio of 0.84, a current ratio of 1.42 and a quick ratio of 1.16. The stock has a fifty day moving average of $4.07 and a 200-day moving average of $3.63.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on RBBN. Rosenblatt Securities reiterated a “buy” rating and set a $5.50 target price on shares of Ribbon Communications in a research report on Monday, December 30th. Northland Securities raised their price objective on shares of Ribbon Communications from $5.50 to $6.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Finally, JMP Securities reissued a “market outperform” rating and issued a $6.00 target price on shares of Ribbon Communications in a report on Thursday. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Ribbon Communications presently has a consensus rating of “Buy” and a consensus target price of $6.00.
About Ribbon Communications
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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