Ribbon Communications Inc. (RBBN)
Market Cap | 542.78M |
Revenue (ttm) | 801.85M |
Net Income (ttm) | -53.60M |
Shares Out | 174.53M |
EPS (ttm) | -0.31 |
PE Ratio | n/a |
Forward PE | 10.44 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 230,280 |
Open | 3.090 |
Previous Close | 2.970 |
Day's Range | 3.015 - 3.120 |
52-Week Range | 1.780 - 3.950 |
Beta | 1.09 |
Analysts | Strong Buy |
Price Target | 5.75 (+84.89%) |
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]
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 StatementsAnalyst 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 84.89% from the latest price.
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...
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...
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...
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 ...
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...
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...
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...
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...
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), ...
Ribbon Communications Inc. (RBBN) Q1 2024 Earnings Call Transcript
Ribbon Communications Inc. (RBBN) Q1 2024 Earnings Call Transcript
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...
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), ...
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...
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...
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...
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...
Ribbon Communications Inc. (RBBN) Q4 2023 Earnings Call Transcript
Ribbon Communications Inc. (RBBN) Q4 2023 Earnings Call Transcript
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...
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...
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...
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...
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...
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...
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...
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...