$0.13 Earnings Per Share Expected for Ribbon Communications Inc (RBBN) This Quarter

Equities analysts expect Ribbon Communications Inc (NASDAQ:RBBN) to announce $0.13 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 $0.12 and the highest is $0.14. Ribbon Communications posted earnings per share of $0.26 in the same quarter last year, which suggests a negative year-over-year growth rate of 50%. The firm is expected to issue its next earnings results after the market closes on Tuesday, October 30th.

On average, analysts expect that Ribbon Communications will report full year earnings of $0.48 per share for the current financial year, with EPS estimates ranging from $0.47 to $0.50. For the next year, analysts expect that the firm will report earnings of $0.58 per share, with EPS estimates ranging from $0.56 to $0.63. 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 issued its earnings results on Tuesday, July 31st. The communications equipment provider reported $0.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.12. Ribbon Communications had a negative net margin of 16.08% and a positive return on equity of 5.69%. The firm had revenue of $145.00 million during the quarter, compared to analyst estimates of $134.79 million. The company’s quarterly revenue was up 158.9% on a year-over-year basis.

RBBN has been the subject of a number of research reports. William Blair restated a “buy” rating on shares of Ribbon Communications in a research report on Tuesday, July 31st. BidaskClub lowered shares of Ribbon Communications from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 8th. Zacks Investment Research upgraded shares of Ribbon Communications from a “hold” rating to a “buy” rating and set a $7.00 target price for the company in a research report on Thursday, October 11th. Cowen upgraded shares of Ribbon Communications from an “underperform” rating to a “market perform” rating in a research report on Wednesday, August 1st. Finally, ValuEngine lowered shares of Ribbon Communications from a “sell” rating to a “strong sell” rating in a research report on Monday, October 8th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $7.00.

Several large investors have recently modified their holdings of RBBN. Rhumbline Advisers lifted its position in Ribbon Communications by 17.0% during the second quarter. Rhumbline Advisers now owns 54,434 shares of the communications equipment provider’s stock valued at $388,000 after purchasing an additional 7,912 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in Ribbon Communications by 4.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 230,622 shares of the communications equipment provider’s stock valued at $1,177,000 after purchasing an additional 10,122 shares during the last quarter. Swiss National Bank lifted its position in Ribbon Communications by 13.1% during the first quarter. Swiss National Bank now owns 91,574 shares of the communications equipment provider’s stock valued at $467,000 after purchasing an additional 10,600 shares during the last quarter. California Public Employees Retirement System lifted its position in Ribbon Communications by 11.0% during 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 purchasing an additional 11,102 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Ribbon Communications by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 3,193,905 shares of the communications equipment provider’s stock valued at $16,289,000 after purchasing an additional 14,570 shares during the last quarter. Hedge funds and other institutional investors own 80.53% of the company’s stock.

Shares of NASDAQ:RBBN opened at $5.92 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.15 and a quick ratio of 1.05. Ribbon Communications has a fifty-two week low of $4.97 and a fifty-two week high of $9.05. The firm has a market cap of $710.43 million, a P/E ratio of 84.57, a P/E/G ratio of 1.54 and a beta of 1.60.

About Ribbon Communications

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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Earnings History and Estimates for Ribbon Communications (NASDAQ:RBBN)

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