Ribbon Communications Sees Q1 2024 Revenue $180M-$190M Vs $193.750M Est.
Portfolio Pulse from Benzinga Newsdesk
Ribbon Communications projects its Q1 2024 revenue to be between $180M-$190M, which is below the estimated $193.750M.

February 14, 2024 | 9:52 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Ribbon Communications anticipates its Q1 2024 revenue to be lower than analyst expectations, projecting between $180M-$190M versus the estimated $193.750M.
Revenue projections that fall short of analyst estimates typically lead to negative investor sentiment and can result in a decrease in stock price in the short term. Given that Ribbon Communications' projected revenue is significantly below the estimated figure, this could lead to a decrease in investor confidence and potentially impact the stock price negatively.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100