Ribbon Communications Inc. (RBBN)

NASDAQ: RBBN · IEX Real-Time Price · USD
2.16
+0.03 (1.41%)
Dec 1, 2023, 4:00 PM EST - Market closed
1.41%
Market Cap 370.94M
Revenue (ttm) 833.58M
Net Income (ttm) -52.80M
Shares Out 171.73M
EPS (ttm) -0.29
PE Ratio n/a
Forward PE 6.62
Dividend n/a
Ex-Dividend Date n/a
Volume 353,968
Open 2.11
Previous Close 2.13
Day's Range 2.09 - 2.17
52-Week Range 1.78 - 4.84
Beta 1.11
Analysts Strong Buy
Price Target 5.88 (+172.22%)
Earnings Date Oct 25, 2023

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; and solutions and services for enabling 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 controller and network tr... [Read more]

IPO Date May 25, 2000
Employees 3,394
Stock Exchange NASDAQ
Ticker Symbol RBBN
Full Company Profile

Financial Performance

In 2022, RBBN's revenue was $819.76 million, a decrease of -2.98% compared to the previous year's $844.96 million. Losses were -$98.08 million, -44.64% less than in 2021.

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for RBBN stock is "Strong Buy." The 12-month stock price forecast is $5.88, which is an increase of 172.22% from the latest price.

Price Target
$5.88
(172.22% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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...

25 days ago - PRNewsWire

Ribbon Brings Customers and Industry Experts Together for Second Annual Tech Forum

Program explores the topics impacting today's communications ecosystem PLANO, Texas , Nov. 7, 2023 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communicati...

26 days ago - PRNewsWire

Ribbon Communications Inc. Reports Third Quarter 2023 Financial Results

Projecting significant improvement in full year company profitability  IP Optical Networks Sales up 14% Year to Date – on track to achieve profitability in Fourth Quarter 2023 PLANO, Texas , Oct. 25, ...

5 weeks ago - PRNewsWire

1GLOBAL Optimizes Mobile Voice Quality with Ribbon

Ribbon solution ensures secure, high-quality, mobile voice for 1GLOBAL's customers PLANO, Texas , Oct. 23, 2023 /PRNewswire/ --  Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real ti...

5 weeks ago - PRNewsWire

Ribbon's NPT IP Routing Solution Enables Broadband Aggregation for Shawnee Telephone

Winning solution includes extensive network staging services and high-touch post-sales support PLANO, Texas , Oct. 20, 2023 /PRNewswire/ --  Ribbon Communications Inc. (Nasdaq: RBBN), a global provide...

6 weeks ago - PRNewsWire

Ribbon Communications to Report Third Quarter 2023 Financial Results on October 25, 2023

PLANO, Texas , Oct. 11, 2023 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the worl...

7 weeks ago - PRNewsWire

The Texas A&M University System Leverages Ribbon's IP Wave Solutions for its Private 5G Network

Supports advanced experimentation, technology development, testing and evaluation at leading applied research facility  PLANO, Texas , Sept. 13, 2023 /PRNewswire/ -- Ribbon Communications Inc.  (Nasda...

2 months ago - PRNewsWire

Empire Access Selects Ribbon's IP Wave Solutions for Network Expansion

Enhances existing relationship with IP and Optical investment PLANO, Texas , Aug. 24, 2023 /PRNewswire/ --  Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications tec...

3 months ago - PRNewsWire

Harrisonville Telephone Company (HTC) Selects Ribbon's IP Wave Solutions for Network Upgrade

Gains expanded capacity with joint Packet and Optical solution PLANO, Texas, Aug. 23, 2023 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications tech...

3 months ago - PRNewsWire

Ribbon Drives Continued Progress in Latest Sustainability Report

Highlights achievements in social and environmental impact, governance and ethical conduct PLANO, Texas, Aug. 22, 2023 /PRNewswire/ --  Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of ...

3 months ago - PRNewsWire

Ribbon Communications Inc. Reports Second Quarter 2023 Financial Results

IP Optical Networks Sales up 24% and Enterprise up 65% Year Over Year PLANO, Texas , July 26, 2023 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communicati...

4 months ago - PRNewsWire

Ribbon's STIR/SHAKEN Solution in France Implemented by Bandwidth as Part of Global Technology Partnership Expansion

Compliant security solution seamlessly integrates with Bandwidth's existing European infrastructure  PLANO, Texas , July 25, 2023 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global pr...

4 months ago - PRNewsWire

Powerlink Queensland Selects Ribbon's IP Wave Solutions to Transform Operational Network

Delivers seamless transition from legacy environment to advanced IP services PLANO, Texas , July 19, 2023 /PRNewswire/ --  Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time com...

4 months ago - PRNewsWire

Beanfield Simplifies Teams Phone Integration with Ribbon Connect for Operator Connect

Enhances Microsoft Teams adoption for seamless communications PLANO, Texas , July 18, 2023 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications tech...

4 months ago - PRNewsWire

InfiniVAN Selects Ribbon's IP Wave Solutions for High Bandwidth Backbone Across the Philippines

High capacity solution delivers increased bandwidth and cost efficiencies  PLANO, Texas , July 17, 2023 /PRNewswire/ --  Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time commu...

4 months ago - PRNewsWire

Ribbon Communications to Report Second Quarter 2023 Financial Results on July 26, 2023

PLANO, Texas , July 12, 2023 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the worl...

5 months ago - PRNewsWire

Joni Roberts Joins Ribbon as Chief Marketing Officer

Extensive industry experience will enhance company message and global visibility PLANO, Texas , July 10, 2023 /PRNewswire/ --  Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time...

5 months ago - PRNewsWire

5 stocks under $5 to catch the small-cap rally as investors turn bullish

Small-cap stocks are back. If the trend continues — which is my guess — there are more big gains to be made because the group has been so badly hammered.

Other symbols: DHXHGBLQMCO
5 months ago - Market Watch

Ribbon's STIR/SHAKEN Solution Enables Unyc to Fulfill Regulatory Requirements, Protecting Customers from Bad Actors

Delivers increased trust by reducing malicious calls PLANO, Texas , June 8, 2023 /PRNewswire/ --  Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology an...

6 months ago - PRNewsWire

Ribbon Named to USA Today's America's Climate Leaders 2023 List

Recognizes success in reducing greenhouse gas emissions PLANO, Texas , June 5, 2023 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology ...

6 months ago - PRNewsWire

Ribbon Launches Ribbon Connect for Zoom

Simplifies and accelerates service providers' support for Zoom Phone's Bring Your Own Carrier (BYOC) solutions PLANO, Texas , May 25, 2023 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a ...

6 months ago - PRNewsWire

Texas Lone Star Network Selects Ribbon's IP Wave Solutions to Augment Network Capacity

Alien wavelengths support increased scale and service offerings PLANO, Texas , May 17, 2023 /PRNewswire/ --  Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications te...

7 months ago - PRNewsWire

Triangle Communications Upgrades and Expands Broadband Network with Ribbon's IP Wave Solutions

Update modernizes broadband network to deliver increased capacity and faster internet speeds across Montana PLANO, Texas , May 15, 2023 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a glo...

7 months ago - PRNewsWire

Ribbon Communications Inc. Reports First Quarter 2023 Financial Results

7% Revenue Growth Year Over Year IP Optical Networks Sales up 13% and Cloud & Edge Enterprise up 62%   Continued Strong Bookings Momentum PLANO, Texas , April 26, 2023 /PRNewswire/ -- Ribbon Communica...

7 months ago - PRNewsWire

Legos Selects Ribbon to Implement STIR/SHAKEN Solution to Safeguard Customers Against Telephony Fraud and Comply with French Regulation

Partnerships will enable Legos to de-risk and meet with French regulatory requirements ahead of July 2023 deadline PLANO, Texas , April 26, 2023 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBB...

7 months ago - PRNewsWire