B. Riley analyst Dave Kang raised the firm’s price target on Ribbon Communications to $7 from $6 and keeps a Buy rating on the shares post the "solid beat" in Q4. The analyst finds the stock’s valuation compelling and believes improved execution by management will drive multiple expansion.
Published first on TheFly
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- Ribbon Communications sees FY23 revenue $840M-$850M, consensus $856.7M
- Ribbon Communications sees Q1 revenue $180M-$190M, consensus $185.7M
- Ribbon Communications reports Q4 non-GAAP EPS 9c, consensus 0c
- Ribbon Communications Inc. Reports Fourth Quarter and Full Year 2022 Financial Results
- Ribbon Communications upgraded to Buy from Hold at WestPark Capital
