B. Riley resumed coverage on Ribbon Communications with a new price target
$RBBN
EDP Services
Technology
B. Riley resumed coverage of Ribbon Communications with a rating of Buy and set a new price target of $14.00 from $12.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/11/2024 | $5.00 | Buy | Rosenblatt |
| 4/29/2024 | $6.00 | Mkt Outperform | JMP Securities |
| 7/19/2023 | $5.50 | Buy | Craig Hallum |
| 4/10/2023 | $6.00 | Mkt Outperform | JMP Securities |
| 1/19/2022 | $10.00 | Outperform | Northland Capital |
Delivers cost-optimized 5G mobile backhaul and high speed connectivity on 30,000 km network PLANO, Texas, Oct. 25, 2024 /PRNewswire/ -- Ribbon Communications Inc. (NASDAQ:RBBN), a leading global provider of real time communications technology and IP optical networking solutions announced the successful completion of a long haul DWDM (Dense Wave Division Multiplexing) deployment for Airtel, one of India's top telecom providers. "Ribbon's proven expertise and cutting-edge solutions were instrumental in our decision to partner with them on this extensive modernization project. By
Strong Profitability Exceeds ExpectationsCloud & Edge Revenue Grew 11% YoY and 16% QoQ PLANO, Texas , Oct. 23, 2024 /PRNewswire/ -- Ribbon Communications Inc. (NASDAQ:RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced its financial results for the third quarter of 2024. Revenue for the third quarter of 2024 was $210 million, compared to $203 million for the third quarter of
Award recognizes success in hitting key sustainability goals including meeting emissions reduction target 7 years early PLANO, Texas, Oct. 16, 2024 /PRNewswire/ -- Ribbon Communications Inc. (NASDAQ:RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, announced that it has been named to Newsweek's 2025 list of America's Greenest Companies. "This award celebrates the team's tremendous work
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PLANO, Texas, Oct. 3, 2024 /PRNewswire/ -- Ribbon Communications Inc. (NASDAQ:RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced the appointment of John Townsend as Executive Vice President and Chief Financial Officer effective November 1, 2024. Mr. Townsend will succeed Miguel "Mick" Lopez who Ribbon previously announced is retiring after a short transition period. Mr. To
Expands access to Ribbon SBCs, SaaS offering, and Ribbon Connect for Microsoft Teams Direct Routing in dynamic market PLANO, Texas, April 18, 2023 /PRNewswire/ -- Ribbon Communications Inc. (NASDAQ:RBBN), a global provider of real time communications software and IP optical networking solutions to service providers, enterprises, and critical infrastructure sectors, today announced that it has appointed Unified Communications (UC) systems integrator JCS Co., Ltd. as a partner and distributor in South Korea. JCS will resell Ribbon Connect for Microsoft Teams Direct Routing as a Service, and Ribbon's industry leading Session Border Controller (SBC) portfolio to its base of large enterprises, SM
Redington brings thirty years of experience helping carriers and enterprises evolve their business communications PLANO, Texas, Dec. 2, 2022 /CNW/ -- Ribbon Communications Inc. (NASDAQ:RBBN), a global provider of real time communications technology and IP Optical networking to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced that Dan Redington has joined the company as Executive Vice President of Sales for the Americas region, reporting to Ribbon's Chief Executive Officer and President, Bruce McClelland. Dan will succeed Steven Bruny who will retire in early 2023.
Rosenblatt initiated coverage of Ribbon Communications with a rating of Buy and set a new price target of $5.00
JMP Securities resumed coverage of Ribbon Communications with a rating of Mkt Outperform and set a new price target of $6.00
Craig Hallum initiated coverage of Ribbon Communications with a rating of Buy and set a new price target of $5.50
Strong Profitability Exceeds ExpectationsCloud & Edge Revenue Grew 11% YoY and 16% QoQ PLANO, Texas , Oct. 23, 2024 /PRNewswire/ -- Ribbon Communications Inc. (NASDAQ:RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced its financial results for the third quarter of 2024. Revenue for the third quarter of 2024 was $210 million, compared to $203 million for the third quarter of
PLANO, Texas, Oct. 9, 2024 /PRNewswire/ -- Ribbon Communications Inc. (NASDAQ:RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced that it will report financial results for the third quarter of 2024 after the close of the market on Wednesday, October 23, 2024. Following the release, Ribbon Communications will host a conference call with the financial community at 4:30 p.m. ET to discuss the 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 Broadband, Enterprise, and India PLANO, Texas, July 24, 2024 /PRNewswire/ -- Ribbon Communications Inc. (NASDAQ:RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced its financial results for the second quarter of 2024.
Rosenblatt analyst Mike Genovese maintains Ribbon Comms (NASDAQ:RBBN) with a Buy and maintains $5 price target.
Business Outlook1 For the third quarter of 2024, the Company expects continued sequential growth in both of our businesses with revenue in a range of $205 million to $220 million. Non-GAAP gross margin is projected in a range of 53% to 53.5%. Adjusted EBITDA is projected in a range of $25 million to $30 million.The Company has also adjusted full-year 2024 targets and now expects revenue in a range of $830 million to $850 million, non-GAAP gross margin in a range of 54% to 54.5%, and Adjusted EBITDA in a range of $105 million to $115 million.
Ribbon Comms (NASDAQ:RBBN) reported quarterly earnings of $0.05 per share which met the analyst consensus estimate. This is a 25 percent increase over earnings of $0.04 per share from the same period last year. The company reported quarterly sales of $192.62 million which missed the analyst consensus estimate of $204.97 million by 6.03 percent. This is a 8.55 percent decrease over sales of $210.62 million the same period last year.
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