Equities analysts expect Ribbon Communications Inc (NASDAQ:RBBN) to announce $0.24 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for Ribbon Communications’ earnings. The lowest EPS estimate is $0.21 and the highest is $0.27. Ribbon Communications posted earnings per share of $0.27 in the same quarter last year, which suggests a negative year-over-year growth rate of 11.1%. The firm is expected to issue its next earnings results on Thursday, March 7th.
On average, analysts expect that Ribbon Communications will report full year earnings of $0.55 per share for the current financial year, with EPS estimates ranging from $0.52 to $0.59. For the next year, analysts expect that the firm will report earnings of $0.64 per share, with EPS estimates ranging from $0.63 to $0.65. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that follow Ribbon Communications.
Ribbon Communications (NASDAQ:RBBN) last announced its quarterly earnings results on Tuesday, October 30th. The communications equipment provider reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.06. The firm had revenue of $152.46 million for the quarter, compared to analysts’ expectations of $138.40 million. Ribbon Communications had a negative net margin of 16.28% and a positive return on equity of 6.72%. The company’s revenue was up 104.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS.
A number of research firms have commented on RBBN. Zacks Investment Research raised shares of Ribbon Communications from a “hold” rating to a “strong-buy” rating and set a $7.75 target price on the stock in a research report on Wednesday. ValuEngine raised shares of Ribbon Communications from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 1st. National Securities began coverage on shares of Ribbon Communications in a research report on Monday, October 22nd. They issued a “buy” rating and a $8.50 target price on the stock. BidaskClub cut shares of Ribbon Communications from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 17th. Finally, Cowen raised shares of Ribbon Communications from an “underperform” rating to a “market perform” rating in a research report on Wednesday, August 1st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $8.13.
A number of hedge funds and other institutional investors have recently bought and sold shares of RBBN. Jane Street Group LLC acquired a new position in Ribbon Communications in the first quarter valued at about $141,000. Ramsey Quantitative Systems lifted its position in Ribbon Communications by 397.2% in the third quarter. Ramsey Quantitative Systems now owns 30,882 shares of the communications equipment provider’s stock valued at $211,000 after buying an additional 24,671 shares during the last quarter. Rhumbline Advisers lifted its position in Ribbon Communications by 17.0% in the second quarter. Rhumbline Advisers now owns 54,434 shares of the communications equipment provider’s stock valued at $388,000 after buying an additional 7,912 shares during the last quarter. Virginia Retirement Systems ET AL acquired a new position in Ribbon Communications in the second quarter valued at about $396,000. Finally, California Public Employees Retirement System lifted its position in Ribbon Communications by 11.0% in the second quarter. California Public Employees Retirement System now owns 111,902 shares of the communications equipment provider’s stock valued at $797,000 after buying an additional 11,102 shares during the last quarter. 80.50% of the stock is currently owned by institutional investors.
Shares of RBBN stock opened at $6.75 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.83 and a current ratio of 0.91. The stock has a market cap of $724.33 million, a PE ratio of 17.00, a PEG ratio of 1.30 and a beta of 1.52. Ribbon Communications has a twelve month low of $4.97 and a twelve month high of $8.36.
Ribbon Communications Company Profile
Ribbon Communications Inc provides networked solutions in the United States, Europe, the Middle East, Africa, Japan, rest of the Asia Pacific, and internationally. The company offers service provider solutions, such as fixed network transformation, mobile network evolution, secure network interconnects, network functions virtualization, cloud communications, and communications security solutions that enables to modernize communications networks, as well as provides secure real-time communications software, hardware, and cloud-native solutions.
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