Northland Securities analyst Michael Latimore maintained a Buy rating on Ribbon Communications (NASDAQ:RBBN) Inc on Thursday, setting a price target of $13, which is approximately 59.71% above the present share price of $8.14.
Latimore expects Ribbon Communications Inc to post earnings per share (EPS) of $0.85 for the second quarter of 2021.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in Ribbon Communications, with an average price target of $13.5.
The analysts price targets range from a high of $14 to a low of $13.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $244.2 million and a net profit of $24.97 million. The company's market cap is $1.2 billion.
According to TipRanks.com, Northland Securities analyst Michael Latimore is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 37.0% and a 64.08% success rate.
Ribbon Communications, Inc. engages in the provision of software solutions to telecommunications, wireless and cable service providers, and enterprises across industry verticals. Its software product lines enabling network transformation, mobile network evolution and interconnect solutions include Ribbon's call session controllers, media gateways, signaling, policy and routing software and session border controller software products. The company was founded on May 19, 2017 and is headquartered in Westford, MA.