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home / news releases / RBBN - Ribbon Communications share lower after soft Q1 forecast

RBBN - Ribbon Communications share lower after soft Q1 forecast

Ribbon Communications Inc.
Ribbon Communications (RBBN) shares are down 8.4% after yesterday's Q4 report, which topped estimates with $0.18 EPS and met revenue consensus with $244M, up 52% on the year.Adjusted EBITDA was $49M, up from $43M in last years' quarter."We are very pleased with our fourth quarter results, in particular our second consecutive quarter of record adjusted EBITDA as we benefited from strong sales and gross margins, along with efficiencies in operating expense," says CEO Bruce McClelland. "We are excited to carry this momentum forward in 2021 as we continue to focus on growing our IP Optical sales and improving overall profitability."For the current quarter, Ribbon forecasts revenue of $190-200M (consensus: $197.1M) and EPS of $0.01-0.03 (consensus: $0.02).The 2021 outlook has revenue of $925-945M (consensus: $911M) and EPS of $0.49-0.54 (consensus: $0.46).Press release. .

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Ribbon Communications share lower after soft Q1 forecast
Stock Information
Company Name: Ribbon Communications Inc.
Stock Symbol: RBBN
Market: NASDAQ
Website: ribboncommunications.com
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