$0.26 Earnings Per Share Expected for Ribbon Communications Inc. (RBBN) This Quarter

Equities analysts expect that Ribbon Communications Inc. (NASDAQ:RBBN) will post earnings of $0.26 per share for the current quarter, Zacks reports. Three analysts have made estimates for Ribbon Communications’ earnings, with estimates ranging from $0.24 to $0.28. Ribbon Communications posted earnings per share of $0.09 in the same quarter last year, which indicates a positive year-over-year growth rate of 188.9%. The firm is expected to announce its next earnings report on Wednesday, February 21st.

According to Zacks, analysts expect that Ribbon Communications will report full year earnings of $0.40 per share for the current fiscal year, with EPS estimates ranging from $0.38 to $0.42. For the next fiscal year, analysts forecast that the firm will post earnings of $0.51 per share, with EPS estimates ranging from $0.36 to $0.61. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Ribbon Communications.

Ribbon Communications (NASDAQ:RBBN) last announced its quarterly earnings data on Monday, October 30th. The communications equipment provider reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.08. Ribbon Communications had a negative return on equity of 1.87% and a negative net margin of 8.82%. The firm had revenue of $74.60 million during the quarter, compared to analysts’ expectations of $68.50 million. During the same period last year, the business posted $0.12 earnings per share. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year.

Several research analysts have recently issued reports on the company. BidaskClub cut Ribbon Communications from a “buy” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research lowered Ribbon Communications from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 4th. William Blair reaffirmed a “buy” rating on shares of Ribbon Communications in a report on Friday, December 8th. TheStreet raised Ribbon Communications from a “d+” rating to a “c” rating in a report on Monday, October 23rd. Finally, Cowen reaffirmed a “sell” rating on shares of Ribbon Communications in a report on Tuesday, October 17th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Ribbon Communications currently has a consensus rating of “Hold” and an average target price of $7.25.

Ribbon Communications (NASDAQ:RBBN) opened at $7.25 on Friday. Ribbon Communications has a 12 month low of $5.77 and a 12 month high of $9.05. The stock has a market capitalization of $753.31, a PE ratio of -16.48, a PEG ratio of 1.48 and a beta of 2.08.

COPYRIGHT VIOLATION NOTICE: This report was first published by Markets Daily and is the property of of Markets Daily. If you are accessing this report on another site, it was illegally copied and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be read at https://www.themarketsdaily.com/2018/01/12/0-26-earnings-per-share-expected-for-ribbon-communications-inc-rbbn-this-quarter.html.

About Ribbon Communications

Sonus Networks, Inc, formerly Solstice Sapphire Investments, Inc, is a provider of networked solutions for communications service providers and enterprises to help them secure and unify their real-time communications infrastructures. The Company helps communications service providers and enterprises hold the session initiation protocol (SIP) and fourth generation (4G)/long term evolution (LTE)-based solutions, including voice over Internet protocol (VoIP), voice over wireless fidelity (VoWiFi), video and unified communications (UC) by securing and enabling Internet Protocol (IP) networks.

Get a free copy of the Zacks research report on Ribbon Communications (RBBN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Ribbon Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ribbon Communications and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply