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S&P 500   4,282.37
DOW   33,762.76
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MarketBeat Week in Review – 5/29 - 6/2
Your Ultimate Investment Research Platform (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Laser breakthrough could send stock soaring 2,467% (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Twitter executive responsible for content safety resigns after Elon Musk criticism
Laser breakthrough could send stock soaring 2,467% (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
Your Ultimate Investment Research Platform (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Laser breakthrough could send stock soaring 2,467% (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Twitter executive responsible for content safety resigns after Elon Musk criticism
Laser breakthrough could send stock soaring 2,467% (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
Your Ultimate Investment Research Platform (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Laser breakthrough could send stock soaring 2,467% (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Twitter executive responsible for content safety resigns after Elon Musk criticism
Laser breakthrough could send stock soaring 2,467% (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
NASDAQ:RBBN

Ribbon Communications (RBBN) Stock Forecast, Price & News

$2.93
+0.07 (+2.45%)
(As of 06/2/2023 ET)
Compare
Today's Range
$2.88
$2.96
50-Day Range
$2.30
$3.44
52-Week Range
$2.19
$4.84
Volume
460,172 shs
Average Volume
541,951 shs
Market Capitalization
$498.36 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$6.33

Ribbon Communications MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
116.2% Upside
$6.33 Price Target
Short Interest
Healthy
1.64% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.02
Upright™ Environmental Score
News Sentiment
0.41mentions of Ribbon Communications in the last 14 days
Based on 4 Articles This Week
Insider Trading
Acquiring Shares
$4.88 M Bought Last Quarter
Proj. Earnings Growth
21.05%
From $0.19 to $0.23 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.78 out of 5 stars

Computer And Technology Sector

51st out of 609 stocks

Computer Integrated Systems Design Industry

3rd out of 37 stocks


RBBN stock logo

About Ribbon Communications (NASDAQ:RBBN) Stock

Ribbon Communications, Inc. delivers communications software, IP and optical networking solutions to service providers, enterprises, and infrastructure sectors. It operates through the following segments: Cloud & Edge and IP Optical Networks. The Cloud and Edge segment provides secure and reliable software and hardware products, solutions, and services for enabling Voice over Internet Protocol (VoIP) communications, Voice over Long-Term Evolution (VoLTE) and Voice Over 5G (VoNR) communications, and Unified Communications and Collaboration (UC&C) within service provider and enterprise networks and from the cloud. The IP Optical Networks segment provides secure, and reliable hardware and software products solutions for IP networking, switching, routing, and optical transport designed to support and enable technologies like 5G, distributed cloud computing and corresponding applications by delivering ultra-low cost-per-bit transport and multi-service flexibility. The company was founded in 1997 and is headquartered in Plano, TX.

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RBBN Stock News Headlines

Sell Every Stock, Except ONE (Ticker Revealed)
We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.
Ribbon Launches Ribbon Connect for Zoom
Sell Every Stock, Except ONE (Ticker Revealed)
We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.
Update: RBBN, LXFR and MATW, April 28
Q1 2023 Ribbon Communications Inc Earnings Call
See More Headlines

RBBN Price History

RBBN Company Calendar

Last Earnings
10/27/2021
Today
6/03/2023
Next Earnings (Estimated)
7/26/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Computer integrated systems design
Sub-Industry
Communications Equipment
Current Symbol
NASDAQ:RBBN
CUSIP
83591610
Employees
3,394
Year Founded
2017

Price Target and Rating

Average Stock Price Forecast
$6.33
High Stock Price Forecast
$7.00
Low Stock Price Forecast
$6.00
Forecasted Upside/Downside
+116.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$-98,080,000.00
Pretax Margin
-9.32%

Debt

Sales & Book Value

Annual Sales
$819.76 million
Cash Flow
$0.50 per share
Book Value
$2.78 per share

Miscellaneous

Free Float
167,076,000
Market Cap
$498.36 million
Optionable
Optionable
Beta
1.00

Social Links


Key Executives

  • Bruce William McClelland
    President, Chief Executive Officer & Director
  • Sam Bucci
    Chief Operating Officer & Executive Vice President
  • Mick Lopez
    Chief Financial Officer & Executive Vice President
  • Jamie Gibson
    Vice President-Technology & Sales Engineering
  • Anthony Scarfo
    Executive VP & GM-Cloud & Edge Business Unit













RBBN Stock - Frequently Asked Questions

Should I buy or sell Ribbon Communications stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ribbon Communications in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RBBN shares.
View RBBN analyst ratings
or view top-rated stocks.

What is Ribbon Communications' stock price forecast for 2023?

3 Wall Street research analysts have issued 12-month target prices for Ribbon Communications' shares. Their RBBN share price forecasts range from $6.00 to $7.00. On average, they expect the company's share price to reach $6.33 in the next twelve months. This suggests a possible upside of 116.2% 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 2023?

Ribbon Communications' stock was trading at $2.79 on January 1st, 2023. Since then, RBBN stock has increased by 5.0% and is now trading at $2.93.
View the best growth stocks for 2023 here
.

When is Ribbon Communications' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our RBBN earnings forecast
.

How were Ribbon Communications' earnings last quarter?

Ribbon Communications Inc. (NASDAQ:RBBN) announced its quarterly earnings data on Wednesday, October, 27th. The communications equipment provider reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by $0.01. The communications equipment provider earned $210.40 million during the quarter, compared to analysts' expectations of $219.73 million. Ribbon Communications had a positive trailing twelve-month return on equity of 1.58% and a negative net margin of 7.98%. During the same quarter in the previous year, the firm earned $0.04 EPS.

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

Ribbon Communications issued an update on its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $205.00 million-$215.00 million, compared to the consensus revenue estimate of $213.02 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).

What is Ribbon Communications' stock symbol?

Ribbon Communications trades on the NASDAQ under the ticker symbol "RBBN."

Who are Ribbon Communications' major shareholders?

Ribbon Communications' stock is owned by many different institutional and retail investors. Top institutional shareholders include Paradigm Capital Management Inc. NY (3.93%), BlackRock Inc. (3.59%), Dimensional Fund Advisors LP (2.33%), Geode Capital Management LLC (0.96%), Putnam Investments LLC (0.95%) and State Street Corp (0.95%). Insiders that own company stock include Anthony Scarfo, Bruce William Mcclelland, Bruns H Grayson, Chase & Co Jpmorgan, Daryl Raiford, Eric S Marmurek, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Ribbon Communications' stock price today?

One share of RBBN stock can currently be purchased for approximately $2.93.

How much money does Ribbon Communications make?

Ribbon Communications (NASDAQ:RBBN) has a market capitalization of $498.36 million and generates $819.76 million in revenue each year. The communications equipment provider earns $-98,080,000.00 in net income (profit) each year or ($0.43) on an earnings per share basis.

How many employees does Ribbon Communications have?

The company employs 3,394 workers across the globe.

Does Ribbon Communications have any subsidiaries?
The following companies are subsidiares of Ribbon Communications: ECI Telecom.
Read More
How can I contact Ribbon Communications?

Ribbon Communications' mailing address is 4 TECHNOLOGY PARK DRIVE, WESTFORD MA, 01886. The official website for the company is www.ribboncommunications.com. The communications equipment provider can be reached via phone at (978) 614-8100, via email at ir@rbbn.com, or via fax at 978-614-8101.

This page (NASDAQ:RBBN) was last updated on 6/4/2023 by MarketBeat.com Staff

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