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 |
|---|---|---|---|
| 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 |
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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
PLANO, Texas, Oct. 15, 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 connection with his appointment as Chief Financial Officer, the Board of Directors has awarded John Townsend, as inducement awards, sign-on equity grants consisting of one time-based vesting grant of restricted share units ("RSUs") and two performance-based vesting grants of restricted share units ("PSUs").
Seamless transition delivers increased security and capabilities PLANO, Texas, Oct. 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 that it has been selected as the technology provider for the US Department of Defense Information Services Agency (DISA) Soft Switch Backbone (SSBB) RFP awarded to ValidaTek, Inc. The mission of the SSBB is to provide a global, secure, and resilient mission critical voice communications infrastru
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.
Demo of 800G ZR+ with interoperable PCS highlights the path to dramatically lower transport TCO from metro through long haul PLANO, Texas and PARIS, Oct. 8, 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 the industry's first demonstration of a compact modular solution supporting 400G ZR+ with upgradability to 800G ZR+ on a single sled at NGON / NetworkX.
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
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.
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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
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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.
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.
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.
U.S. stock futures were higher this morning, with the Dow futures gaining around 200 points on Monday. Shares of AutoNation Inc (NYSE:AN) fell sharply in today's pre-market trading. AutoNation said its second-quarter profit will be negatively impacted by $1.50 per share due to the cyber incident at retail technology provider CDK Global. AutoNation shares fell 6.1% to $160.01 in the pre-market trading session. Here are some big stocks recording losses in today's pre-market trading session. Logistic Properties of the Americas (NYSE:LPA) shares dipped 16.8% to $15.30 in pre-market trading after surging 88% on Friday. Oculis Holding AG (NASDAQ:OCS) shares fell 12.1% to $10.00
Shares of Conagra Brands, Inc. (NYSE:CAG) fell during Thursday's session after the company reported worse-than-expected fourth-quarter sales results and issued FY25 adjusted EPS guidance below estimates. The company reported adjusted earnings per share of 61 cents, beating the analyst consensus estimate of 57 cents. Quarterly revenues of $2.905 billion missed the street view of $2.930 billion, according to data from Benzinga Pro. Conagra Brands shares declined 3.9% to $27.70 on Thursday. Here are some other stocks moving in today’s mid-day session. Gainers Kazia Therapeutics Limited (NASDAQ:KZIA) shares surged 88.6% to $1.26. Kazia Therapeutics, on Wednesday, announced result
U.S. stocks were mostly higher, with the Dow Jones index gaining around 100 points on Thursday. Shares of Methode Electronics, Inc. (NYSE:MEI) rose sharply during Thursday's session after the company reported better-than-expected fourth-quarter sales results. Methode Electronics reported a fourth-quarter fiscal 2024 net sales decline of 7.9% year-on-year to $277.30 million, beating the analyst consensus estimate of $264.04 million. Adjusted EPS loss of 23 cents missed the analyst consensus loss estimate of 20 cents, according to data from Benzinga Pro. Methode Electronics shares surged 29.4% to $12.22 on Thursday. Here are some other big stocks recording gains in today’s session.
Rosenblatt analyst Mike Genovese initiates coverage on Ribbon Comms (NASDAQ:RBBN) with a Buy rating and announces Price Target of $5.
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.
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
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