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S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
[BREAKING] Pentagon to Spend Billions on "Living Missile" (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
With oil prices slumping, OPEC+ producers weigh more production cuts
66,000% upside on tiny biotech? (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
66,000% upside on tiny biotech? (Ad)
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
Chuck Todd leaving NBC political panel show 'Meet the Press' and being replaced by Kristen Welker
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
[BREAKING] Pentagon to Spend Billions on "Living Missile" (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
With oil prices slumping, OPEC+ producers weigh more production cuts
66,000% upside on tiny biotech? (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
66,000% upside on tiny biotech? (Ad)
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
Chuck Todd leaving NBC political panel show 'Meet the Press' and being replaced by Kristen Welker
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
[BREAKING] Pentagon to Spend Billions on "Living Missile" (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
With oil prices slumping, OPEC+ producers weigh more production cuts
66,000% upside on tiny biotech? (Ad)
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
66,000% upside on tiny biotech? (Ad)
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
Chuck Todd leaving NBC political panel show 'Meet the Press' and being replaced by Kristen Welker
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
0.45mentions 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

Buy THIS stock before Taiwan is attacked
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
Ribbon Launches Ribbon Connect for Zoom
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
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
6/04/2023
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
$0.48 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 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 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 analysts have issued twelve-month price targets for Ribbon Communications' shares. Their RBBN share price forecasts range from $6.00 to $7.00. On average, they anticipate 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 at the start of the year. Since then, RBBN shares have 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) issued its quarterly earnings results on Wednesday, October, 27th. The communications equipment provider reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by $0.01. The communications equipment provider had revenue of $210.40 million for the quarter, compared to analyst estimates 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 period in the previous year, the firm earned $0.04 earnings per share.

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

Ribbon Communications updated its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share 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 a number of retail and institutional 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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