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.
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.
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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.
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