Ribbon Communications Sees FY24 Revenue $840M-$870M Vs $885.762M Est.
Portfolio Pulse from Benzinga Newsdesk
Ribbon Communications projects its FY24 revenue to be between $840M-$870M, which is below the estimated $885.762M.
February 14, 2024 | 9:53 pm
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NEGATIVE IMPACT
Ribbon Communications anticipates its FY24 revenue to range from $840M to $870M, lower than the expected $885.762M.
Ribbon Communications' projected revenue for FY24 is below market expectations, which could lead to negative investor sentiment and potentially lower stock prices in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100