Ribbon Communications Inc. (RBBN) stock is soaring 5.09% in intraday trading on Wednesday, as investors appear optimistic ahead of the company's second-quarter earnings report. The communications technology company is scheduled to release its Q2 results after the market closes today.
According to the earnings calendar, analysts expect Ribbon Communications to report earnings per share (EPS) of $0.05 for the quarter. The anticipated earnings release has likely sparked investor interest, driving up the stock price as market participants position themselves ahead of the announcement.
As a provider of software and network solutions for communications service providers and enterprises, Ribbon Communications' performance could offer insights into the broader telecommunications and enterprise communications sectors. The stock's significant move suggests that investors may be anticipating positive results or guidance from the company.
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