Why Ribbon Communications Stock Is Soaring Today
Shares of Ribbon Communications (NASDAQ: RBBN) skyrocketed on Wednesday. The single-day gains peaked at 32.7% in the early afternoon before settling down to a still-impressive 28% price increase at 2:30 p.m. ET today.
The provider of hardware and software solutions for secure communication networks reported modest earnings on Tuesday evening, but also unveiled an impressive contract with Verizon Communications (NYSE: VZ) amid generally improving market trends.
Ribbon's results fell short of analyst expectations in the first quarter of 2024. Yes, that's an unusual setup for a huge stock-price jump.
Source Fool.com
Verizon Communications Inc. Aktie
36,61 €
0,21 %
Klare Kaufstimmung für Verizon Communications Inc.: Viel mehr Buy- als Sell-Einschätzungen.
Das Kursziel von 40 € für Verizon Communications Inc. impliziert eine leichte Steigerung gegenüber dem aktuellen Kurs von 36.61 €.
