NASDAQ:RBBN - Ribbon Communications Stock Price, News, & Analysis

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$5.76 +0.04 (+0.70 %)
(As of 11/21/2018 02:29 AM ET)
Previous Close$5.72
Today's Range$5.60 - $5.83
52-Week Range$4.96 - $8.36
Volume332,300 shs
Average Volume356,883 shs
Market Capitalization$611.42 million
P/E Ratio82.29
Dividend YieldN/A
Beta1.52
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.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Computer integrated systems design
Sub-IndustryCommunications Equipment
SectorComputer and Technology
Current SymbolNASDAQ:RBBN
Previous Symbol
CUSIP83591610
Phone978-614-8100

Debt

Debt-to-Equity Ratio0.04
Current Ratio0.91
Quick Ratio0.83

Price-To-Earnings

Trailing P/E Ratio82.29
Forward P/E Ratio13.09
P/E Growth1.1

Sales & Book Value

Annual Sales$329.94 million
Price / Sales1.86
Cash Flow$0.3527 per share
Price / Cash16.33
Book Value$6.00 per share
Price / Book0.96

Profitability

EPS (Most Recent Fiscal Year)$0.07
Net Income$-35,250,000.00
Net Margins-16.28%
Return on Equity6.72%
Return on Assets4.50%

Miscellaneous

Employees2,457
Outstanding Shares106,520,000
Market Cap$611.42 million
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) released its quarterly earnings data on Tuesday, October, 30th. The communications equipment provider reported $0.21 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.15 by $0.06. The communications equipment provider had revenue of $152.46 million for the quarter, compared to the consensus estimate of $138.40 million. Ribbon Communications had a positive return on equity of 6.72% and a negative net margin of 16.28%. Ribbon Communications's revenue for the quarter was up 104.4% on a year-over-year basis. During the same quarter last year, the business posted $0.14 EPS. View Ribbon Communications' Earnings History.

When is Ribbon Communications' next earnings date?

Ribbon Communications is scheduled to release their next quarterly earnings announcement on Thursday, March 7th 2019. View Earnings Estimates for Ribbon Communications.

What price target have analysts set for RBBN?

3 analysts have issued 1-year target prices for Ribbon Communications' stock. Their predictions range from $8.50 to $8.50. On average, they anticipate Ribbon Communications' stock price to reach $8.50 in the next year. This suggests a possible upside of 47.6% from the stock's current price. View Analyst Price Targets for Ribbon Communications.

What is the consensus analysts' recommendation for Ribbon Communications?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ribbon Communications in the last year. There are currently 1 hold rating and 2 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, "Sonus Networks, Inc. is a leading provider of voice infrastructure products for the new public network. Sonus' solutions enable service providers to deploy an integrated network capable of carrying both voice and data traffic, and to deliver a range of innovative, new services. The Sonus Open Services Architecture and award-winning Packet Telephony suite cut the time-to-market for competitive new service products, allowing carriers and third-party developers to expand marketshare and build important new revenue streams.(Press Release) " (11/7/2018)
  • 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?

Headlines about RBBN stock have been trending somewhat negative recently, according to InfoTrie Sentiment. The research firm ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Ribbon Communications earned a media sentiment score of -1.4 on InfoTrie's scale. They also assigned headlines about the communications equipment provider a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the near future.

Who are some of Ribbon Communications' key competitors?

Who are Ribbon Communications' key executives?

Ribbon Communications' management team includes the folowing people:
  • Mr. Franklin Warren Hobbs IV, CEO, Pres & Director (Age 71)
  • Mr. Daryl E. Raiford, Exec. VP & CFO (Age 55)
  • Mr. Kevin W. Riley, Chief Technology Officer (Age 47)
  • Mr. Michael R. Swade, Exec. VP of Global Sales (Age 55)
  • Mr. David Arthur Walsh, Founder & Pres of Kandy

Who are Ribbon Communications' major shareholders?

Ribbon Communications' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Dimensional Fund Advisors LP (3.37%), BlackRock Inc. (3.35%), Neuberger Berman Group LLC (2.01%), Renaissance Technologies LLC (1.82%), Royce & Associates LP (1.79%) and Russell Investments Group Ltd. (1.30%). 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 Renaissance Technologies LLC, Russell Investments Group Ltd., Citadel Advisors LLC, Neuberger Berman Group LLC, Engine Capital Management LP, Horrell Capital Management Inc., Panagora Asset Management Inc. and Stone Ridge Asset Management LLC. View Insider Buying and Selling for Ribbon Communications.

Which institutional investors are buying Ribbon Communications stock?

RBBN stock was bought by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Morgan Stanley, Dimensional Fund Advisors LP, Royce & Associates LP, GSA Capital Partners LLP, Rice Hall James & Associates LLC, Cowen Prime Services LLC and AQR Capital Management LLC. 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 $5.76.

How big of a company is Ribbon Communications?

Ribbon Communications has a market capitalization of $611.42 million and generates $329.94 million in revenue each year. The communications equipment provider earns $-35,250,000.00 in net income (profit) each year or $0.07 on an earnings per share basis. Ribbon Communications employs 2,457 workers across the globe.

What is Ribbon Communications' official website?

The official website for Ribbon Communications is http://www.ribboncommunications.com.

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)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  339 (Vote Outperform)
Underperform Votes:  375 (Vote Underperform)
Total Votes:  714
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.
This page was last updated on 11/21/2018 by MarketBeat.com Staff

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