Ribbon Communications Inc. (RBBN)

NASDAQ: RBBN · Real-Time Price · USD
2.970
+0.050 (1.71%)
Sep 18, 2024, 4:00 PM EDT - Market closed
1.71%
Market Cap 518.34M
Revenue (ttm) 801.85M
Net Income (ttm) -53.60M
Shares Out 174.53M
EPS (ttm) -0.31
PE Ratio n/a
Forward PE 9.97
Dividend n/a
Ex-Dividend Date n/a
Volume 285,722
Open 2.930
Previous Close 2.920
Day's Range 2.920 - 3.090
52-Week Range 1.780 - 3.950
Beta 1.09
Analysts Strong Buy
Price Target 5.75 (+93.6%)
Earnings Date Oct 23, 2024

About RBBN

Ribbon Communications Inc. provides communications technology in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. It operates through two segments, Cloud and Edge, and IP Optical Networks. The Cloud and Edge segment provides software and hardware products, solutions, and services for voice over internet protocol communications, voice over long-term evolution, and voice over 5G communications, and unified communications and collaboration. It also offers session border controllers; and network transformat... [Read more]

IPO Date May 25, 2000
Employees 3,107
Stock Exchange NASDAQ
Ticker Symbol RBBN
Full Company Profile

Financial Performance

In 2023, Ribbon Communications's revenue was $826.34 million, an increase of 0.80% compared to the previous year's $819.76 million. Losses were -$66.21 million, -32.50% less than in 2022.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for RBBN stock is "Strong Buy." The 12-month stock price forecast is $5.75, which is an increase of 93.60% from the latest price.

Price Target
$5.75
(93.60% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Ribbon CFO Mick Lopez to Retire in 4th Quarter 2024

PLANO, Texas , Aug. 13, 2024 /PRNewswire/ --  Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the wor...

5 weeks ago - PRNewsWire

Ribbon's 2023 Sustainability Report Details Progress on ESG Goals

Meets key environmental milestone ahead of schedule PLANO, Texas , Aug. 12, 2024 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and...

5 weeks ago - PRNewsWire

Ribbon Communications Inc. (RBBN) Q2 2024 Earnings Call Transcript

Ribbon Communications Inc. (NASDAQ:RBBN) Q2 2024 Earnings Conference Call July 24, 2024 4:30 PM ET Company Participants Joni Roberts - Senior Vice President & Chief Marketing Officer Bruce McClelland...

2 months ago - Seeking Alpha

Ribbon Communications Inc. Reports Second Quarter 2024 Financial Results

Net income increased 21% and Adjusted EBITDA up 65% in 1H 2024 YoY Continued improvement in gross margin and lower operating expenses Expect strong second half based on growth from U.S. Tier 1, Rural ...

2 months ago - PRNewsWire

Converge Taps Ribbon to Deploy Cutting-edge Optical Networking Technology

PLANO, Texas , July 22, 2024 /PRNewswire/ -- Leading fiber broadband and technology provider Converge ICT Solutions Inc. (PSE: CNVRG)  is collaborating with Nasdaq-listed firm Ribbon Communications In...

2 months ago - PRNewsWire

Brightspeed Invests in Next Generation Services with Ribbon's Comprehensive Network Transformation Solution

Secures operational excellence and continuity while driving down operational costs PLANO, Texas , July 18, 2024 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real tim...

2 months ago - PRNewsWire

Ribbon Communications to Report Second Quarter 2024 Financial Results on July 24, 2024

PLANO, Texas , July 11, 2024 /PRNewswire/ --  Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the wor...

2 months ago - PRNewsWire

Ribbon Communications Inc. Announces Closing of New $385 Million Senior Secured Credit Facility

Proceeds will be used to repay outstanding debt under current credit facility and to redeem Series A Preferred Stock PLANO, Texas , June 21, 2024 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RB...

3 months ago - PRNewsWire

Ribbon and SURF Achieve Interoperable 2x400GbE Transport via Single 800G Wavelength over Brownfield 1,650km Amsterdam-Geneva Link

Proves optimal transport ability of 140Gbaud transmission, enabling current and future data-intensive research  PLANO, Texas, April 29, 2024 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), ...

5 months ago - PRNewsWire

Ribbon Communications Inc. (RBBN) Q1 2024 Earnings Call Transcript

Ribbon Communications Inc. (RBBN) Q1 2024 Earnings Call Transcript

5 months ago - Seeking Alpha

Ribbon Communications Inc. Reports First Quarter 2024 Financial Results

Significant profitability improvement with >700 bps increase in Gross Margin Selected by Verizon for multi-year Advanced Voice Network Platform PLANO, Texas , April 24, 2024 /PRNewswire/ -- Ribbon Com...

5 months ago - PRNewsWire

Ribbon Selected to Provide Advanced Voice Network Platform and Services for Verizon

Multi-year program delivers significant cost efficiencies, technology advancements and environmental benefits PLANO, Texas , April 24, 2024 /PRNewswire/ --  Ribbon Communications Inc. (Nasdaq: RBBN), ...

5 months ago - PRNewsWire

Ribbon Communications Announces Time Change for Reporting First Quarter 2024 Financial Results

PLANO, Texas , April 17, 2024 /PRNewswire/ --  Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the wo...

5 months ago - PRNewsWire

Ribbon Communications to Report First Quarter 2024 Financial Results on April 24, 2024

PLANO, Texas , April 11, 2024 /PRNewswire/ --  Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the wo...

5 months ago - PRNewsWire

Ribbon and Cisco Demonstrate 1.2 Tbps Interoperability at OFC 2024

First reported display of interoperable multivendor ecosystem for highest commercial transmission speeds available PLANO, Texas , March 19, 2024 /PRNewswire/ --  Ribbon Communications Inc. (Nasdaq: RB...

6 months ago - PRNewsWire

Ribbon Named to Newsweek's Greatest Workplaces for Women 2024

Recognizes Ribbon's commitment to creating a workplace where women can thrive PLANO, Texas , Feb. 23, 2024 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time com...

7 months ago - PRNewsWire

Ribbon Communications Inc. (RBBN) Q4 2023 Earnings Call Transcript

Ribbon Communications Inc. (RBBN) Q4 2023 Earnings Call Transcript

7 months ago - Seeking Alpha

Ribbon Communications Inc. Reports Fourth Quarter and Full Year 2023 Financial Results

Ribbon announces strong 2023 earnings growth  IP Optical Networks achieves profitability for the second half of the year with strong demand from Service Providers and Critical Infrastructure PLANO, Te...

7 months ago - PRNewsWire

Ribbon's IP Optical Solutions Selected by American Electric Power for Supply Chain Reliability and Enhanced Network Capabilities

Agreement highlights the value of speedy delivery and targeted solutions PLANO, Texas , Feb. 8, 2024 /PRNewswire/ --  Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communic...

7 months ago - PRNewsWire

Ribbon Communications to Report Fourth Quarter and Full Year 2023 Financial Results on February 14, 2024

PLANO, Texas , Jan. 31, 2024 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the worl...

8 months ago - PRNewsWire

Ribbon Honored with "Rise and Shine" Award from MTN GSSC - Global Sourcing and Supply Chain

Annual awards celebrate innovation, collaboration and excellence PLANO, Texas , Jan. 25, 2024 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications t...

8 months ago - PRNewsWire

Ribbon Recognized in Newsweek's List of America's Most Responsible Companies

Highlights successful execution of key corporate responsibility KPIs PLANO, Texas , Dec. 14, 2023 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communicatio...

9 months ago - PRNewsWire

Interlink Telecom Selects Ribbon for DCI Solution

Speedy execution highlights commitment to excellence in after sales support, including delivery of equipment and services PLANO, Texas , Dec. 13, 2023 /PRNewswire/ -- Ribbon Communications Inc. (Nasda...

10 months ago - PRNewsWire

BroadSource Partners with Ribbon to Enhance Credit Card Data Security

Innovative cloud solution enables Payment Card Industry (PCI) compliance with evolving standards for merchants of any size PLANO, Texas , Dec. 12, 2023 /PRNewswire/ --  Ribbon Communications Inc. (Nas...

10 months ago - PRNewsWire

W3TEL Leverages Ribbon for Network Expansion and Regulatory Compliance

Optimizes infrastructure for ongoing growth PLANO, Texas , Nov. 8, 2023 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optic...

11 months ago - PRNewsWire