Ribbon Communications Third Quarter 2024 Earnings: US$0.077 loss per share (vs US$0.079 loss in 3Q 2023)

Ribbon Communications (NASDAQ:RBBN) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$210.2m (up 3.5% from 3Q 2023).
• Net loss: US$13.4m (flat on 3Q 2023).
• US$0.077 loss per share (improved from US$0.079 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Ribbon Communications Earnings Insights

Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Communications industry in the US.

Performance of the American Communications industry.

The company's shares are up 4.2% from a week ago.

Valuation

Following the latest earnings results, Ribbon Communications may be undervalued based on 6 different valuation benchmarks we assess. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.

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