Ribbon Communications Inc. Reports Third Quarter 2024 Financial Results
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B.Riley Reiterates Buy Rating on Ribbon Communications (RBBN)
October 24, 2024 6:33 AM EDTB.Riley analyst Dave King reiterated a Buy rating and $6.00 price target on Ribbon Communications (NASDAQ: RBBN).
The analyst comments "Although Ribbon Communications's (RBBN Buy, $6 PT) 3Q/4Q results/outlook were mixed compared with consensus estimates, their key financial metrics, including revenue and profitability, are trending in the right direction. While other competitors except for Nokia (NOK) have yet to report their results, we believe it would be tough to top RBBN's robust performance, especially... More
