|Bid||6.80 x 1400|
|Ask||6.95 x 1000|
|Day's Range||6.56 - 6.92|
|52 Week Range||3.09 - 11.25|
|Beta (5Y Monthly)||1.10|
|PE Ratio (TTM)||13.77|
|Earnings Date||Aug 03, 2021 - Aug 09, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||12.17|
Shares of Ribbon Communications (NASDAQ: RBBN) have tanked today, down by 13% as of 10:50 a.m. EDT, after the company reported first-quarter earnings. The communications technology company noted that some of its revenue growth was attributable to its acquisition of ECI Telecom in March of last year. "We are off to a good start in 2021 with first quarter results in line with our expectations, and we are particularly pleased with our Adjusted EBITDA exceeding our guidance range and earnings per share at the high end of the range," CEO Bruce McClelland said in a statement.
Image source: The Motley Fool. Ribbon Communications Inc. (NASDAQ: RBBN)Q1 2021 Earnings CallApr 28, 2021, 4:30 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGreetings and welcome to the Ribbon Communications first-quarter 2021 financial results conference call.
Ribbon Communications (RBBN) delivered earnings and revenue surprises of 50.00% and 0.13%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?