Ribbon Communications Inc. provides communications technology in the United States, Europe, the Middle East, Africa, Japan, 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. This segment also offers session border controller and network transformation products. This segment serves private, public, or hybrid cloud infrastructures, as well as data centers, enterprise premises, and service provider networks. The IP Optical Networks segment provides hardware and software solutions for IP networking, switching, routing, and optical transport to support and enable technologies, such as 5G, distributed cloud computing, and corresponding applications by delivering ultra-low cost-per-bit transport and multi-service flexibility. It also offers multiple solutions, including 5G-native solutions for mobile backhaul, metro and edge aggregation, core networking, data center interconnect, legacy NTR, and transport solutions for wholesale carriers. This segment serves utilities, government, defense, finance, transportation, and education and research industries, as well as service providers and enterprises. It also provides advanced analytics solutions and next generation products that provides cloud-native and streaming analytics platform for networks and subscribers; and core-to-edge products, and end-to-end service assurance and analytics solutions, and integrated SD-WAN services. Ribbon Communications has strategic partnerships with Orion Innovation. The company was formerly known as Sonus Networks, Inc. and changed its name to Ribbon Communications Inc. in November 2017. Ribbon Communications Inc. was founded in 1997 and is headquartered in Plano, Texas.
IPO Year:
Exchange: NASDAQ
Website: ribboncommunications.com
Date | Price Target | Rating | Analyst |
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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 |
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 world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced that Miguel "Mick" Lopez, Executive Vice President, Chief Financial Officer, intends to retire after 40 years in the technology industry. Ribbon has engaged an executive search firm to identify and evaluate potential successors from inside and outside the company. Mr. Lopez is expected to continue to serve as the Ribbon Chief Financial Officer until a success
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 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 released its 2023 sustainability report. The report highlights Ribbon's continued efforts in achieving its sustainability initiatives, and its success in delivering enhanced access, connectivity, and network security to customers in more than 140 countries.
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.
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 Inc. (NASDAQ:RBBN) to pioneer in the Philippines the latter's leading-edge Apollo optical networking system which will optimize data transmission across the internet provider's backbone network. Converge is breaking ground on Ribbon's 5 nanometer (nm) - 140Gbaud transmission chipset that will expand its fiber network capacity from its existing 800 Gigabits per second (Gbps) to 1.2 Te
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 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, along with Brightspeed, an internet service provider and the nation's fourth largest fiber builder, today announced that Ribbon's solutions are helping modernize Brightspeed's network infrastructure while maintaining uninterrupted services for existing customers.
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 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 second quarter of 2024 after the close of the market on Wednesday, July 24, 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.
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:RBBN) ("Ribbon"), 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 has completed the previously announced $385 million senior secured credit facility (the "2024 Credit Facility") comprised of a $350 million term loan and a $35 million revolving credit facility. Proceeds from the term loan unde
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), 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 in cooperation with SURF, the collaborative organization for IT in Dutch education and research, it has successfully achieved 800G over a brownfield 1,650 km fiber optic link connecting research institutes including Nikhef with The Large Hadron
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 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 first quarter 2024. Revenue for the first quarter of 2024 was $180 mil
Multi-year program delivers significant cost efficiencies, technology advancements and environmental benefits PLANO, Texas, April 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 plans for a major network modernization program with Verizon to retire legacy TDM switching platforms and replace their function with modern cloud-based technologies.
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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
JMP Securities initiated coverage of Ribbon Communications with a rating of Mkt Outperform and set a new price target of $6.00
Northland Capital resumed coverage of Ribbon Communications with a rating of Outperform and set a new price target of $10.00
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
B. Riley FBR initiated coverage of Ribbon Comms with a rating of Buy and set a new price target of $10.00
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.
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 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 second quarter of 2024 after the close of the market on Wednesday, July 24, 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.
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 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 first quarter 2024. Revenue for the first quarter of 2024 was $180 mil
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 world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced a time change to its first quarter 2024 financial results and conference call. Ribbon Communications will now report financial results for the first quarter of 2024 before the opening of the market on Wednesday, April 24, 2024. On the same day,
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 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 first quarter of 2024 after the close of the market on Wednesday, April 24, 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.
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, Texas, Feb. 14, 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 fourth quarter and full year 2023.
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 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 fourth quarter and full year of 2023 after the close of the market on Wednesday, February 14, 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.
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 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 2023 after the close of the market on Wednesday, October 25, 2023. Following the release, Ribbon Communications will host a conference call with the financial community at 4:30 p.m. ET to discuss the 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 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 2023. Revenue for the second quarter of 2023 was $211 million, compared to $206 million for the second quarter of 2022 and $186
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 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 second quarter of 2023 after the close of the market on Wednesday, July 26, 2023. Following the release, Ribbon Communications will host a conference call with the financial community at 4:30 p.m. ET to discuss the results.
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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.
OTTAWA, ON / ACCESSWIRE / September 12, 2022 / Calian® Group Ltd., (TSX:CGY) a diverse products and services company providing innovative healthcare, communications, learning and cybersecurity solutions, is proud to announce the appointment of Michael Muldner as Chief Information Officer (CIO). Mr. Muldner will be assuming leadership from Jerry Johnston. They will work together through September and October to complete a smooth transition and Muldner will officially become the second CIO in Calian history on October 1, 2022.Mr. Muldner's over 24 years of experience leading global technology organizations in both large multinational public companies as well as high growth start-ups will be a
PLANO, Texas, Sept. 8, 2022 /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 Scott Mair, former President, AT&T Networks Engineering and Operations, to its Board of Directors. "We are excited to welcome Scott to the Board," said Shaul Shani, Chairman of the Company's Board of Directors. "Scott's extens
Jon Levine Elevated to Chief Administration OfficerSusan Villare Appointed Chief Financial Officer NORWOOD, Mass., May 12, 2022 (GLOBE NEWSWIRE) -- MariMed Inc. (OTCQX:MRMD) ("MariMed" or the "Company"), a leading multi-state cannabis operator focused on improving lives every day, today announced the appointment of Jon Levine to the new role of Chief Administration Officer ("CAO") and the appointment of Susan Villare to Chief Financial Officer ("CFO") effective May 12, 2022. Strengthening MariMed's leadership team will enable the Company to more effectively implement its strategic growth plan and solidify MariMed's status as a premier national cannabis company. Mr. Levine co-founded Mari
WESTFORD, Mass., Jan. 20, 2021 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications software and IP optical transport solutions to service providers, enterprises, and critical infrastructure sectors, today announced that Tom Berry has joined the company as Vice President of Investor Relations. He reports directly to Ribbon's Chief Financial Officer, Mick Lopez. In his new role, Berry will be responsible for leading Ribbon's investor relations efforts. "We are very excited to welcome Tom to the Ribbon executive team," said Mr. Lopez. "His extensive investor relations experience and capital markets knowledge make him a great addition to ou
McCaffery brings 30 years of experience helping carriers and enterprises evolve their business communications WESTFORD, Mass., Jan. 12, 2021 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications software and network solutions to service providers, enterprises, and critical infrastructure sectors, today announced that Steve McCaffery has joined the company as Executive Vice President of Sales for the EMEA (Europe, Middle East and Africa) and APAC (Asia Pacific) regions. He reports directly to Ribbon's Chief Executive Officer and President, Bruce McClelland. "With his track record of growing revenues in EMEA and APAC, and significant exper
WESTFORD, Mass., Dec. 2, 2020 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications software and packet and optical transport solutions to service providers, enterprises, and critical infrastructure sectors, today announced the appointment of Sean Matthews as Executive Vice President of Corporate Development and Strategy, reporting directly to Chief Executive Officer, Bruce McClelland. In his new role, Matthews will be responsible for leading Ribbon's business development and strategy efforts. Continue Reading (PRNewsfoto/Ribbon Communications Inc.) "I am very excited to welcome Sean to the Ribbon lea
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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Rosenblatt analyst Mike Genovese initiates coverage on Ribbon Comms (NASDAQ:RBBN) with a Buy rating and announces Price Target of $5.