Ribbon Comms Lowers FY2024 Sales Guidance from $830.00M-850.00M to $818.00M-838.00M (Est. $834.696M)
Portfolio Pulse from Benzinga Newsdesk
Ribbon Communications (NASDAQ:RBBN) has revised its FY2024 sales guidance downward from $830-850 million to $818-838 million, with the estimated consensus at $834.696 million.
October 23, 2024 | 10:36 pm
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Ribbon Communications has lowered its FY2024 sales guidance to $818-838 million, down from the previous range of $830-850 million. This adjustment may indicate potential challenges in meeting revenue expectations.
The downward revision in sales guidance suggests that Ribbon Communications may face challenges in achieving its previous revenue targets. This could lead to a negative short-term impact on the stock price as investors adjust their expectations.
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