Ribbon Communications (RBBN) to Release Quarterly Earnings on Wednesday

Ribbon Communications (NASDAQ:RBBN) will likely be announcing its earnings results before the market opens on Wednesday, February 12th. Analysts expect the company to announce earnings of $0.13 per share and revenue of $243.61 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Ribbon Communications Stock Performance

Shares of RBBN opened at $4.09 on Wednesday. The firm has a market cap of $717.30 million, a price-to-earnings ratio of -12.78 and a beta of 1.11. The company’s fifty day moving average is $4.03 and its 200-day moving average is $3.61. The company has a quick ratio of 1.16, a current ratio of 1.42 and a debt-to-equity ratio of 0.84. Ribbon Communications has a 12 month low of $2.46 and a 12 month high of $4.39.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Rosenblatt Securities reissued 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 upped their price target on Ribbon Communications from $5.50 to $6.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target 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.