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

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$4.63 -0.16 (-3.34 %)
(As of 05/24/2019 06:00 AM ET)
Previous Close$4.79
Today's Range$4.5850 - $4.78
52-Week Range$4.52 - $7.89
Volume266,027 shs
Average Volume332,608 shs
Market Capitalization$493.18 million
P/E Ratio9.65
Dividend YieldN/A
Beta1.31
Ribbon Communications Inc. provides networked solutions in the United States, Europe, the Middle East, Africa, Japan, other 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 secure and innovative business and consumer communications services. 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, appliance maintenance, appliance 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

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$577.91 million
Cash Flow$0.9686 per share
Book Value$5.44 per share

Profitability

Net Income$-76,810,000.00

Miscellaneous

Employees2,245
Market Cap$493.18 million
Next Earnings Date7/30/2019 (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) announced its quarterly earnings results on Thursday, May, 2nd. The communications equipment provider reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.01 by $0.06. The communications equipment provider had revenue of $121.73 million for the quarter, compared to analysts' expectations of $129.43 million. Ribbon Communications had a negative net margin of 10.90% and a positive return on equity of 8.08%. The business's quarterly revenue was down 10.0% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.04) 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 Tuesday, July 30th 2019. View Earnings Estimates for Ribbon Communications.

What price target have analysts set for RBBN?

4 brokerages have issued 1-year target prices for Ribbon Communications' stock. Their predictions range from $8.50 to $9.00. On average, they expect Ribbon Communications' share price to reach $8.75 in the next year. This suggests a possible upside of 89.0% 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. " (5/10/2019)
  • 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?

Media stories about RBBN stock have trended neutral on Friday, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public 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 0.3 on InfoTrie's scale. They also gave news headlines about the communications equipment provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company's share price in the immediate future.

Are investors shorting Ribbon Communications?

Ribbon Communications saw a drop in short interest in April. As of April 15th, there was short interest totalling 520,331 shares, a drop of 36.3% from the March 29th total of 816,624 shares. Based on an average daily volume of 316,309 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.5% of the shares of the stock are sold short. View Ribbon Communications' Current Options Chain.

Who are some of Ribbon Communications' key competitors?

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 RADCOM (RDCM), Amyris (AMRS), Cisco Systems (CSCO), Ford Motor (F), Bank of America (BAC), General Electric (GE), Netflix (NFLX), TherapeuticsMD (TXMD), Allergan (AGN) and Micron Technology (MU).

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. Eric S. Marmurek, Sr. VP & Chief Accounting Officer (Age 54)
  • Ms. Sara Leggat, Head of Investor Relations

Who are Ribbon Communications' major shareholders?

Ribbon Communications' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (46.96%), Dimensional Fund Advisors LP (3.68%), BlackRock Inc. (3.62%), Paradigm Capital Management Inc. NY (2.63%), Neuberger Berman Group LLC (2.01%) and Royce & Associates LP (1.93%). Company insiders that own Ribbon Communications stock include Bruns H Grayson, Franklin W Iv Hobbs, Kent Mathy and Michael R Swade. View Institutional Ownership Trends for Ribbon Communications.

Which major investors are selling Ribbon Communications stock?

RBBN stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Cowen Prime Services LLC, JPMorgan Chase & Co., BlackRock Inc., First Trust Advisors LP, Assenagon Asset Management S.A., Victory Capital Management Inc. and FMR LLC. View Insider Buying and Selling for Ribbon Communications.

Which major investors are buying Ribbon Communications stock?

RBBN stock was acquired by a variety of institutional investors in the last quarter, including Paradigm Capital Management Inc. NY, Hotchkis & Wiley Capital Management LLC, Hotchkis & Wiley Capital Management LLC, Kennedy Capital Management Inc., IndexIQ Advisors LLC, Neuberger Berman Group LLC, Dimensional Fund Advisors LP and Alambic Investment Management L.P.. Company insiders that have bought Ribbon Communications stock in the last two years include Bruns H Grayson, Franklin W Iv Hobbs and Kent Mathy. 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 $4.63.

How big of a company is Ribbon Communications?

Ribbon Communications has a market capitalization of $493.18 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?

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:  391 (Vote Outperform)
Underperform Votes:  437 (Vote Underperform)
Total Votes:  828
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 5/24/2019 by MarketBeat.com Staff

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