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NASDAQ:RBBN

Ribbon Communications (RBBN) Stock Price, News & Analysis

$3.24
+0.02 (+0.62%)
(As of 07/26/2024 ET)
Today's Range
$3.18
$3.42
50-Day Range
$2.96
$3.92
52-Week Range
$1.78
$3.95
Volume
681,228 shs
Average Volume
404,089 shs
Market Capitalization
$564.34 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$5.83

Ribbon Communications MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
79.8% Upside
$5.83 Price Target
Short Interest
Healthy
1.58% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.02
Upright™ Environmental Score
News Sentiment
0.09mentions of Ribbon Communications in the last 14 days
Based on 17 Articles This Week
Insider Trading
N/A
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.

3.82 out of 5 stars

Computer And Technology Sector

220th out of 612 stocks

Computer Integrated Systems Design Industry

9th out of 36 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

Update: RBBN, July 25
J.P. Morgan’s DIRE Warning
When the largest bank in the U.S. says a crisis is coming - you NEED to listen. The Wall Street Journal warns, "America's bonds are getting harder to sell."
Ribbon Communications (NASDAQ:RBBN) Sets New 12-Month High at $3.95
J.P. Morgan’s DIRE Warning
When the largest bank in the U.S. says a crisis is coming - you NEED to listen. The Wall Street Journal warns, "America's bonds are getting harder to sell."
See More Headlines
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Company Calendar

Last Earnings
7/24/2024
Today
7/26/2024
Next Earnings (Estimated)
10/23/2024
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
$5.83
High Stock Price Target
$6.50
Low Stock Price Target
$5.00
Potential Upside/Downside
+71.6%
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
$826.34 million
Cash Flow
$0.44 per share
Book Value
$2.64 per share

Miscellaneous

Free Float
170,258,000
Market Cap
$591.29 million
Optionable
Optionable
Beta
1.08

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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

How have RBBN shares performed this year?

Ribbon Communications' stock was trading at $2.90 at the start of the year. Since then, RBBN shares have increased by 11.9% and is now trading at $3.2450.
View the best growth stocks for 2024 here
.

How were Ribbon Communications' earnings last quarter?

Ribbon Communications Inc. (NASDAQ:RBBN) announced its earnings results on Wednesday, July, 24th. The communications equipment provider reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by $0.01. The communications equipment provider had revenue of $192.62 million for the quarter, compared to the consensus estimate of $203.05 million. Ribbon Communications had a negative net margin of 6.68% and a positive trailing twelve-month return on equity of 5.21%.

Does Ribbon Communications have any subsidiaries?

The following companies are subsidiaries of Ribbon Communications: ECI Telecom.

Who are Ribbon Communications' major shareholders?

Ribbon Communications' top institutional shareholders include Bank of New York Mellon Corp (0.25%), Silverberg Bernstein Capital Management LLC (0.23%), Assenagon Asset Management S.A. (0.06%) and SG Americas Securities LLC (0.01%). Insiders that own company stock include Chase & Co Jpmorgan, Bruce William Mcclelland, Miguel A Lopez, Sam Bucci, Dan Redington 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.

What other stocks do shareholders of Ribbon Communications own?

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

This page (NASDAQ:RBBN) was last updated on 7/26/2024 by MarketBeat.com Staff

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