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NASDAQ:RBBN

Ribbon Communications (RBBN) Stock Price, News & Analysis

$3.25
0.00 (0.00%)
(As of 05/22/2024 ET)
Today's Range
$3.18
$3.26
50-Day Range
$2.56
$3.30
52-Week Range
$1.78
$3.65
Volume
211,946 shs
Average Volume
515,741 shs
Market Capitalization
$565.21 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$6.00

Ribbon Communications MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
84.6% Upside
$6.00 Price Target
Short Interest
Healthy
2.35% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.04
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Acquiring Shares
$297,720 Bought Last Quarter
Proj. Earnings Growth
-7.14%
From $0.14 to $0.13 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.58 out of 5 stars

Computer And Technology Sector

210th out of 591 stocks

Computer Integrated Systems Design Industry

8th out of 33 stocks

RBBN stock logo

About Ribbon Communications Stock (NASDAQ: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, solutions, and services for 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 controllers; and network transformation products, such as signaling products, call controllers, media gateways, and application servers. 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 products and solutions for IP networking, switching, routing, and optical transport for technologies, such as 5G, distributed cloud computing, and corresponding applications. It also offers multiple solutions, including 5G-native solutions for mobile-backhaul, metro and edge aggregation, core networking, data center interconnect, multi-service access, 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. 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.

RBBN Stock Price History

RBBN Stock News Headlines

Q1 2024 Ribbon Communications Inc Earnings Call
Ribbon Communications Shares Jump After 1Q Report
Ribbon Communications: Q1 Earnings Snapshot
Update: RBBN, April 24
Ribbon cut on Wesselman Playground
See More Headlines
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Company Calendar

Last Earnings
4/24/2024
Today
5/23/2024
Next Earnings (Estimated)
7/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Computer integrated systems design
Sub-Industry
Communications Equipment
Current Symbol
NASDAQ:RBBN
CUSIP
83591610
Employees
3,107
Year Founded
2017

Price Target and Rating

Average Stock Price Target
$6.00
High Stock Price Target
$6.50
Low Stock Price Target
$5.50
Potential Upside/Downside
+84.6%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-66,210,000.00
Pretax Margin
-5.55%

Debt

Sales & Book Value

Annual Sales
$819.84 million
Cash Flow
$0.51 per share
Book Value
$2.44 per share

Miscellaneous

Free Float
170,258,000
Market Cap
$565.21 million
Optionable
Optionable
Beta
1.17

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Key Executives

  • Mr. Bruce W. McClelland (Age 57)
    President, CEO & Director
    Comp: $782.7k
  • Mr. Salvatore Bucci (Age 59)
    Executive VP & COO
    Comp: $498.46k
  • Mr. Patrick W. Macken (Age 50)
    Executive VP, Chief Legal Officer & Corporate Secretary
    Comp: $520.58k
  • Mr. Dan Redington (Age 56)
    Executive Vice President of Global Sales
    Comp: $487.15k
  • Mr. Jamie Gibson
    Vice President of Technology & Sales Engineering
  • Ms. Joni Roberts
    Chief Marketing Officer & Senior VP
  • Ms. Petrena Ferguson
    Senior Vice President of Human Resources
  • Mr. David Stokes
    Head of IP Solutions & IP Portfolio Marketing
  • Lindsay Savarese
    Investor Relations Officer

RBBN Stock Analysis - Frequently Asked Questions

Should I buy or sell Ribbon Communications stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ribbon Communications in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" RBBN shares.
View RBBN analyst ratings
or view top-rated stocks.

What is Ribbon Communications' stock price target for 2024?

2 Wall Street research analysts have issued twelve-month price objectives for Ribbon Communications' stock. Their RBBN share price targets range from $5.50 to $6.50. On average, they anticipate the company's share price to reach $6.00 in the next twelve months. This suggests a possible upside of 84.6% from the stock's current price.
View analysts price targets for RBBN
or view top-rated stocks among Wall Street analysts.

How have RBBN shares performed in 2024?

Ribbon Communications' stock was trading at $2.90 at the beginning of 2024. Since then, RBBN shares have increased by 12.1% and is now trading at $3.25.
View the best growth stocks for 2024 here
.

When is Ribbon Communications' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 24th 2024.
View our RBBN earnings forecast
.

How were Ribbon Communications' earnings last quarter?

Ribbon Communications Inc. (NASDAQ:RBBN) released its quarterly earnings results on Wednesday, April, 24th. The communications equipment provider reported ($0.03) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.03). The communications equipment provider earned $179.66 million during the quarter, compared to analyst estimates of $184.22 million. Ribbon Communications had a negative net margin of 7.11% and a positive trailing twelve-month return on equity of 4.32%.

What ETFs hold Ribbon Communications' stock?

ETFs with the largest weight of Ribbon Communications (NASDAQ:RBBN) stock in their portfolio include iShares U.S. Digital Infrastructure and Real Estate ETF (IGN).Simplify Volt Cloud and Cybersecurity Disruption ETF (VCLO).

What guidance has Ribbon Communications issued on next quarter's earnings?

Ribbon Communications updated its second quarter 2024 earnings guidance on Wednesday, April, 24th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $200.0 million-$210.0 million, compared to the consensus revenue estimate of $208.2 million.

What other stocks do shareholders of Ribbon Communications own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Ribbon Communications investors own include Bank of Hawaii (BOH), InterDigital (IDCC), STAG Industrial (STAG), NVIDIA (NVDA), Overstock.com (OSTK), Enphase Energy (ENPH), Amyris (AMRS), Pure Storage (PSTG), QUALCOMM (QCOM) and Boeing (BA).

Who are Ribbon Communications' major shareholders?

Ribbon Communications' stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (4.04%), Jacobs Levy Equity Management Inc. (0.47%), Silverberg Bernstein Capital Management LLC (0.23%), GSA Capital Partners LLP (0.14%), Assenagon Asset Management S.A. (0.09%) and Pacific Ridge Capital Partners LLC (0.09%). Insiders that own company stock include Bruce William Mcclelland, Bruns H Grayson, Chase & Co Jpmorgan, Dan Redington, Miguel A Lopez, Sam Bucci and Swarth Investments Ltd.
View institutional ownership trends
.

How do I buy shares of Ribbon Communications?

Shares of RBBN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Ribbon Communications have any subsidiaries?
The following companies are subsidiares of Ribbon Communications: ECI Telecom.
Read More
This page (NASDAQ:RBBN) was last updated on 5/23/2024 by MarketBeat.com Staff

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