Ribbon Comms's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Ribbon Comms (NASDAQ:RBBN) is expected to report an EPS of $0.13 in its upcoming quarterly earnings on February 14, 2024. Analysts and investors are keen on whether the company will surpass this estimate and provide positive guidance for the next quarter. Ribbon Comms's stock performance has been generally negative over the last year, with a 19.21% decline, making long-term shareholders bearish. The company's past earnings performance shows a mixed impact on its stock price, with both increases and decreases following earnings announcements.
February 13, 2024 | 5:01 pm
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Ribbon Comms is anticipated to report a quarterly EPS of $0.13 on February 14, 2024. The focus is on whether it will exceed this estimate and the future quarter's guidance. The stock has seen a 19.21% decline over the past year, indicating bearish sentiment among long-term investors.
Given Ribbon Comms's mixed past earnings performance and the general negative trend in its stock price over the last year, the upcoming earnings report could have a neutral short-term impact. While a positive earnings surprise and optimistic guidance could provide a boost, the bearish sentiment among long-term shareholders and the company's recent history of stock price volatility post-earnings suggest a cautious outlook.
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