Ribbon Communications Expects Q2 Revenue of $200M-$210M Vs $208.21M Est
Portfolio Pulse from Benzinga Newsdesk
Ribbon Communications projects its Q2 2024 revenue to be between $200M-$210M, with non-GAAP gross margin expected to be 53.5%-54.5% and adjusted EBITDA between $20M-$25M. This forecast is slightly below the estimated $208.21M.
April 24, 2024 | 12:11 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Ribbon Communications expects Q2 2024 revenue to be slightly below analyst estimates, with a forecast range of $200M-$210M.
The projected revenue range being slightly below the analyst estimate of $208.21M could lead to negative investor sentiment in the short term, potentially impacting the stock price negatively.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100