Ribbon Communications Inc. provides networked solutions in the United States, Europe, the Middle East, Africa, Japan, rest of the Asia Pacific, and internationally. The company offers service provider solutions, such as fixed network transformation, mobile network evolution, secure network interconnects, network functions virtualization, cloud communications, and communications security solutions that enables to modernize communications networks, as well as provides secure real-time communications software, hardware, and cloud-native solutions. Its enterprise solutions include unified communications (UC), Nortel private branch exchange evolution, UC security, contact centers, Microsoft Skype for Business, session management, and security and cloud communications solutions that allows enterprises to connect securely to SIP trunks and modernize communications networks. The company also offers solution and business consulting, system integration, deployment, and managed care services; and support services, such as managing software updates, hardware maintenance, hardware spare services and managed spares programs, and emergency assistance during disaster recovery. It serves telecommunications, wireless and cable service providers, and enterprises through direct sales and indirect channels. 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 Westford, Massachusetts.
Industry, Sector and Symbol
Industry Computer integrated systems design
Sub-IndustryCommunications Equipment
SectorComputer and Technology
Phone978-614-8100
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$577.91 million
Profitability
Miscellaneous
Employees2,245
Next Earnings Date4/25/2019 (Estimated)
OptionableOptionable
Ribbon Communications (NASDAQ:RBBN) Frequently Asked Questions
What is Ribbon Communications' stock symbol?
Ribbon Communications trades on the NASDAQ under the ticker symbol "RBBN."
How were Ribbon Communications' earnings last quarter?
Ribbon Communications Inc (NASDAQ:RBBN) posted its quarterly earnings data on Wednesday, February, 20th. The communications equipment provider reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.20 by $0.06. The communications equipment provider had revenue of $173 million for the quarter, compared to the consensus estimate of $171.81 million. Ribbon Communications had a negative net margin of 13.29% and a positive return on equity of 8.59%. The business's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.27 EPS. View Ribbon Communications' Earnings History.
When is Ribbon Communications' next earnings date?
What price target have analysts set for RBBN?
4 Wall Street analysts have issued 12 month price objectives for Ribbon Communications' shares. Their predictions range from $8.50 to $9.00. On average, they expect Ribbon Communications' share price to reach $8.75 in the next twelve months. This suggests a possible upside of 69.2% from the stock's current price. View Analyst Price Targets for Ribbon Communications.
What is the consensus analysts' recommendation for Ribbon Communications?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ribbon Communications in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Ribbon Communications.
What are Wall Street analysts saying about Ribbon Communications stock?
Here are some recent quotes from research analysts about Ribbon Communications stock:
- 1. According to Zacks Investment Research, "Ribbon Communications Inc. develops communication software. It provides session border controllers, diameter signals, policy and routing servers, media and signaling gateways, cloud and mobility solutions. Ribbon Communications Inc., formerly known as Sonus Networks Inc., is headquartered in Westford, Massachusetts. " (2/22/2019)
- 2. National Securities analysts commented, "Execution on baseline merger cost synergies should drive EBITDA growth that we
think is underappreciated. Through the seasonally slower 1H:18 and amid in-progress cost
cutting, RBBN generated $21 million of adjusted EBITDA. Guidance is for at least $75 million in
2018 and a run rate exiting 2018 of $100 million, excluding contribution from the acquisition of
Edgewater Networks. We anticipate around $80 million of traditional EBITDA in 2019 putting
shares at 7.4x forward EV/EBITDA compared to a historical 11x.
Opportunities for profit expansion extend beyond cost cutting. RBBN sells a nascent
Unified Communications and Unified Platform as a Service (UCaaS and CPaaS respectively)
product, Kandy. Not yet a significant contributor, the CPaaS service enables carriers to extend
an API to developers to easily embed unified communications features in custom software
applications. Carriers can better leverage their network and compete with companies like Twilio
(NYSE: TWLO – NR - $66.41). We find this a sound fit given RBBN’s core service provider focus.
Contribution margins from Kandy should be significantly higher than the current company gross
margin of around 55%. Further, software to aggregate and analyze data from carrier IP
networks generated from session border controller (SBC) devices provides real-time insight into
network status, disruptions, and potential security breaches. These software products are in the
early stages of commercialization and have the potential to contribute growth at high margins.
We initiate coverage with a BUY rating and $8.50 price target. We think the company
has several paths, not mutually exclusive, to drive shareholder returns; the highest probability
is executing on cost synergies, which alone puts RBBN on track for around $80 million of 2019
EBITDA and placing shares at a deep discount to historical and peer norms. Organic growth
from new software products and accretive acquisitions are also potential contributors. We apply
an 11x multiple to 2019 EBITDA to derive an $8.50 price target." (10/22/2018)
- 3. William Blair analysts commented, "We believe the business is worth several multiple turns higher , and we continue to recommend the stock." (7/31/2018)
Has Ribbon Communications been receiving favorable news coverage?
News articles about RBBN stock have trended positive recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Ribbon Communications earned a news sentiment score of 2.3 on InfoTrie's scale. They also assigned news headlines about the communications equipment provider a news buzz of 6.0 out of 10, indicating that recent media coverage is somewhat likely to have an impact on the company's share price in the next few days.
Who are some of Ribbon Communications' key competitors?
Some companies that are related to Ribbon Communications include NetScout Systems (NTCT), Scientific Games (SGMS), Allscripts Healthcare Solutions (MDRX), Ebix (EBIX), Sykes Enterprises (SYKE), Nextgen Healthcare (NXGN), Onespan (OSPN), Unisys (UIS), Pareteum (TEUM), Agilysys (AGYS), Digimarc (DMRC), KEYW (KEYW), Simulations Plus (SLP), Aerohive Networks (HIVE) and Travelzoo (TZOO).
What other stocks do shareholders of Ribbon Communications own?
Who are Ribbon Communications' key executives?
Ribbon Communications' management team includes the folowing people:
- Mr. Franklin Warren Hobbs IV, CEO, Pres & Director (Age 72)
- Mr. Daryl E. Raiford, Exec. VP & CFO (Age 56)
- Mr. Kevin W. Riley, Chief Technology Officer (Age 48)
- Mr. Michael R. Swade, Exec. Officer (Age 56)
- Mr. Eric S. Marmurek, Sr. VP & Chief Accounting Officer (Age 54)
Who are Ribbon Communications' major shareholders?
Ribbon Communications' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (3.80%), Dimensional Fund Advisors LP (3.57%), Dimensional Fund Advisors LP (3.57%), Royce & Associates LP (1.84%), D. E. Shaw & Co. Inc. (0.85%) and Horrell Capital Management Inc. (0.64%). Company insiders that own Ribbon Communications stock include Bruns H Grayson, Franklin W Iv Hobbs and Michael R Swade. View Institutional Ownership Trends for Ribbon Communications.
Which institutional investors are selling Ribbon Communications stock?
RBBN stock was sold by a variety of institutional investors in the last quarter, including Cowen Prime Services LLC, Boston Partners, FMR LLC, GSA Capital Partners LLP, Menta Capital LLC, Millennium Management LLC, Zacks Investment Management and Two Sigma Investments LP. View Insider Buying and Selling for Ribbon Communications.
Which institutional investors are buying Ribbon Communications stock?
RBBN stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Intrinsic Edge Capital Management LLC, Dimensional Fund Advisors LP, Dimensional Fund Advisors LP, Horrell Capital Management Inc., Oberweis Asset Management Inc., Assenagon Asset Management S.A. and Royce & Associates LP. Company insiders that have bought Ribbon Communications stock in the last two years include Bruns H Grayson and Franklin W Iv Hobbs. View Insider Buying and Selling for Ribbon Communications.
How do I buy shares of Ribbon Communications?
Shares of RBBN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Ribbon Communications' stock price today?
One share of RBBN stock can currently be purchased for approximately $5.17.
How big of a company is Ribbon Communications?
Ribbon Communications has a market capitalization of $550.71 million and generates $577.91 million in revenue each year. The communications equipment provider earns $-76,810,000.00 in net income (profit) each year or $0.48 on an earnings per share basis. Ribbon Communications employs 2,245 workers across the globe.
What is Ribbon Communications' official website?
How can I contact Ribbon Communications?
Ribbon Communications' mailing address is 4 TECHNOLOGY PARK DRIVE, WESTFORD MA, 01886. The communications equipment provider can be reached via phone at 978-614-8100 or via email at [email protected]
MarketBeat Community Rating for Ribbon Communications (NASDAQ RBBN)
MarketBeat's community ratings are surveys of what our community members think about Ribbon Communications and other stocks. Vote "Outperform" if you believe RBBN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe RBBN will underperform the S&P 500 over the long term. You may vote once every thirty days.
