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Shares of Ribbon Comms (NASDAQ:RBBN) rose 8.81% in after-market trading after the company reported Q3 results.
Earnings per share were up 23.08% over the past year to $0.16, which beat the estimate of $0.06.
Revenue of $231,118,000 rose by 67.90% from the same period last year, which beat the estimate of $214,160,000.
Q4 EPS expected to be between $0.12 and $0.14.
Q4 revenue expected between $235,000,000 and $245,000,000.
Conference Call Details
Date: Oct 29, 2020
Time: 04:30 PM
52-week high: $5.64
Company's 52-week low was at $1.95
Price action over last quarter: down 12.90%
Ribbon Communications Inc provides network solutions primarily to telecommunications, wireless and cable service providers worldwide. It enables service providers and enterprises to modernize their communications networks and provide secure real-time communications solutions to their customers and employees. Its solutions enable its customers with a secure way to connect and leverage multivendor, multiprotocol communications systems and applications across their networks and the cloud, around the world and in a rapidly changing ecosystem of IP-enabled devices such as smartphones and tablets.
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