Ribbon CommunicationsRBBN
RBBN
About: Ribbon Communications Inc provides network solutions to service providers and enterprises. It enables service providers and enterprises to modernize their communications networks and provide secure real-time communications solutions to their customers and employees. It has two separate lines of business; the Cloud and Edge segment, and the IP Optical Networks segment. The majority of the revenue for the company is generated from its Cloud and Edge segment that provides secure and reliable software and hardware products, solutions, and services for VoIP communications, Voice Over LTE among others to service providers and enterprise customers. The company generates majority of its revenue from United States.
Employees: 3,107
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
6,733% more call options, than puts
Call options by funds: $615K | Put options by funds: $9K
7% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 41
0.28% more ownership
Funds ownership: 71.3% [Q2] → 71.58% (+0.28%) [Q3]
3% less funds holding
Funds holding: 129 [Q2] → 125 (-4) [Q3]
6% less capital invested
Capital invested by funds: $426M [Q2] → $402M (-$23.5M) [Q3]
31% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 13
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$5
20%
upside
Avg. target
$5.50
32%
upside
High target
$6
44%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
Northland Capital Markets Tim Savageaux 58% 1-year accuracy 14 / 24 met price target | 44%upside $6 | Outperform Maintained | 19 Dec 2024 |
Rosenblatt Mike Genovese 77% 1-year accuracy 27 / 35 met price target | 20%upside $5 | Buy Maintained | 25 Sept 2024 |
Financial journalist opinion
Neutral
PRNewsWire
1 week ago
Ribbon Supercharges Diabolocom's AI-Powered Cloud Contact Center Software With High Density, Low Power Data Center Interconnect
Facilitates high-speed, scalable, and cost-effective data transfer PLANO, Texas , Dec. 11, 2024 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), which helps many of the world's largest service providers, enterprises and critical infrastructure operators modernize and protect their networks with its state-of-the-art real time communications technology and IP optical networking solutions, announced that Diabolocom has selected Ribbon's high density Data Center Interconnect (DCI) solution. The solution enables Diabolocom to seamlessly and efficiently connect its global customers with its Cloud Contact Center Software and proprietary Voice AI solutions.
Neutral
PRNewsWire
1 week ago
Pioneer Selects Ribbon for Optical Network Expansion
Flexible 400G network delivers increased bandwidth PLANO, Texas , Dec. 10, 2024 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), which helps many of the world's largest service providers, enterprises and critical infrastructure operators modernize and protect their networks with its state-of-the-art real time communications technology and IP optical networking solutions, today announced the expansion of its relationship with Pioneer. "Our members and subscribers expect high speed connectivity and access to modern capabilities, and this network upgrade highlights our commitment to meeting their needs," said Blake Callaham, Pioneer's General Manager.
Positive
Zacks Investment Research
1 month ago
RBBN Strengthens Thai Market Presence With Manufacturing Growth
Ribbon Communications enhances Thai market focus, thus underscoring its leadership in the ASEAN region.
Neutral
PRNewsWire
1 month ago
Ribbon Completes Major Optical DWDM Deployment for Bharti Airtel
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.
Neutral
The Motley Fool
1 month ago
Why Ribbon Communications Stock Is Soaring Today
Ribbon's Q3 sales and earnings results missed expectations. So why is the stock surging?
Neutral
Seeking Alpha
1 month ago
Ribbon Communications Inc (RBBN) Q3 2024 Earnings Call Transcript
Ribbon Communications Inc (NASDAQ:RBBN ) Q3 2023 Results Conference Call October 23, 2024 4:30 PM ET Company Participants Joni Roberts - Chief Marketing Officer Bruce McClelland - CEO Conference Call Participants Christian Schwab - Craig Hallum Capital Group Michael Genovese - Rosenblatt Securities Tim Savageaux - Northland Capital Markets Rustam Kanga - Citizens JMP Operator Ladies and gentlemen, greetings, and welcome to the Ribbon Communications Third Quarter 2024 Financial Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
Positive
Zacks Investment Research
1 month ago
Ribbon Communications (RBBN) Q3 Earnings Meet Estimates
Ribbon Communications (RBBN) came out with quarterly earnings of $0.05 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.05 per share a year ago.
Neutral
PRNewsWire
1 month ago
Ribbon Communications Inc. Reports Third Quarter 2024 Financial Results
Strong Profitability Exceeds Expectations Cloud & 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 2023 and $193 million for the second quarter of 2024.
Neutral
PRNewsWire
2 months ago
Newsweek Names Ribbon To America's Greenest Companies 2025
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 and highlights our continued focus on sustainability," said Patrick Macken, CLO and EVP, Ribbon.
Neutral
PRNewsWire
2 months ago
Ribbon Communications Announces Inducement Equity Grants to John Townsend Under Nasdaq Listing Rule 5635(c)(4)
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"). Subject to Mr.
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