Ribbon Comms Sees Q4 Sales $235.000M-255.000M vs $250.27M Est
Portfolio Pulse from Benzinga Newsdesk
Ribbon Communications (NASDAQ:RBBN) has projected its Q4 sales to be between $235 million and $255 million, compared to the market estimate of $250.27 million.
October 23, 2024 | 8:10 pm
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Ribbon Communications has provided a Q4 sales forecast ranging from $235 million to $255 million, which is slightly below the market estimate of $250.27 million. This could indicate potential challenges in meeting market expectations.
The sales forecast provided by Ribbon Communications is slightly below the market estimate, which may lead to negative sentiment among investors. This could result in short-term downward pressure on the stock price as the market adjusts to the new guidance.
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