Wall Street analysts predict that Ribbon Communications Inc. (NASDAQ:RBBN) will announce earnings of $0.26 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Ribbon Communications’ earnings. The lowest EPS estimate is $0.24 and the highest is $0.28. Ribbon Communications posted earnings of $0.09 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 188.9%. The firm is expected to announce its next earnings results before the market opens on Thursday, March 1st.
According to Zacks, analysts expect that Ribbon Communications will report full-year earnings of $0.40 per share for the current year, with EPS estimates ranging from $0.38 to $0.42. For the next fiscal year, analysts anticipate that the business will post earnings of $0.51 per share, with EPS estimates ranging from $0.36 to $0.61. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Ribbon Communications.
A number of research analysts have recently weighed in on the company. TheStreet raised Ribbon Communications from a “d+” rating to a “c” rating in a research note on Monday, October 23rd. BidaskClub downgraded Ribbon Communications from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. ValuEngine downgraded Ribbon Communications from a “hold” rating to a “sell” rating in a research note on Monday, February 5th. Zacks Investment Research raised Ribbon Communications from a “hold” rating to a “strong-buy” rating and set a $8.25 price target on the stock in a research note on Thursday, October 19th. Finally, William Blair reissued a “buy” rating on shares of Ribbon Communications in a research note on Friday, December 8th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Ribbon Communications currently has a consensus rating of “Hold” and an average price target of $7.25.
Ribbon Communications (NASDAQ:RBBN) opened at $7.01 on Thursday. The firm has a market capitalization of $700.59, a price-to-earnings ratio of -15.58, a PEG ratio of 1.29 and a beta of 1.67. Ribbon Communications has a 12 month low of $5.77 and a 12 month high of $9.05.
Ribbon Communications Company Profile
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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