Ribbon Communications Inc. (RBBN) saw its stock soar 5.45% in Thursday's trading session following the release of its first-quarter 2025 financial results. The communications technology company's shares rallied as investors responded positively to improvements in key financial metrics.
According to the earnings report, Ribbon Communications' revenue for Q1 2025 remained steady at $181.3 million, matching the figure from the same period last year. However, the company showed notable progress in reducing its losses. The net loss for the quarter narrowed by 14% compared to Q1 2024, while the loss per share improved from $0.18 to $0.15, beating analyst expectations.
Looking ahead, Ribbon Communications' future appears promising. The company's revenue is forecast to grow at an average rate of 5.8% per annum over the next two years, slightly below the 7.5% growth projected for the US Communications industry as a whole. This positive outlook, combined with the company's improved financial performance, seems to have bolstered investor confidence, driving the stock's significant intraday surge.
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