RBBN - Ribbon Communications Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
2.6100
-0.0400 (-1.51%)
At close: 4:00PM EST
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Previous Close2.6500
Open2.6500
Bid0.0000 x 4000
Ask0.0000 x 3100
Day's Range2.5500 - 2.6500
52 Week Range2.5500 - 6.5600
Volume502,305
Avg. Volume328,872
Market Cap288.966M
Beta (3Y Monthly)1.37
PE Ratio (TTM)15.72
EPS (TTM)0.1660
Earnings DateFeb 18, 2020 - Feb 24, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est4.83
  • Ribbon Partners With Peerless Network to Thwart Robocalling
    Zacks

    Ribbon Partners With Peerless Network to Thwart Robocalling

    Ribbon Communications (RBBN) deploys robust regulatory framework and enhanced security technology to block illegal automated calls in collaboration with Peerless Network.

  • Peerless Network and Ribbon Team Up to Help Businesses Mitigate Unwanted Robocalls
    PR Newswire

    Peerless Network and Ribbon Team Up to Help Businesses Mitigate Unwanted Robocalls

    New Peerless CallTrue offering leverages Ribbon's industry-leading SHAKEN/STIR technology to provide businesses with advanced protection against unwanted robo and nuisance calls WESTFORD, Mass. , Nov. ...

  • Ribbon Communications Agrees to Buy ECI Telecom for $460 Million
    Bloomberg

    Ribbon Communications Agrees to Buy ECI Telecom for $460 Million

    (Bloomberg) -- Ribbon Communications Inc., a developer of software for large phone companies, has agreed to acquire closely held ECI Telecom Ltd. for $460 million.Ribbon will pay $324 million in cash and 32.5 million shares of Ribbon common stock for ECI, according to a statement Thursday, confirming a report in Bloomberg News. ECI shareholders will also receive $31 million from ECI’s sale of real estate assets.Ribbon will finance the deal with about $500 million in debt, according to an investor presentation. The combined company will be worth an estimated $900 million, including debt, Ribbon said. The transaction is scheduled to close in the first quarter of 2020.ECI’s private equity owner, Shaul Shani’s Swarth Group, is expected to own about 23% of Ribbon after the deal closes, Ribbon Chief Financial Officer Daryl Raiford said in an interview."The ECI acquisition will extend Ribbon’s reach into the networking market and propel us into the global 5G market," he said in a statement. "ECI brings world class networking technology and a proven track record of success in winning top customers in direct competition with major industry players."Ribbon’s shares fell 1.2% to $4.00 at 9:30 a.m. in New York trading Thursday, giving Westford, Massachusetts-based company a market value of about $443 million.ECI, which makes equipment that helps transport data around the backbone of the internet, will diversify Ribbon’s offerings beyond its core telecommunication products. It will also expand the company into new territories including Russia and also deepen its reach in India.Ribbon also announced Thursday that Franklin "Fritz" Hobbs has stepped down effective today as president and chief executive officer of the company. It has named Steven Bruny and Kevin Riley as interim co-presidents and co-CEOs while the company recruits a permanent replacement.Ribbon changed its name from Sonus Networks Inc. in 2017 after merging with Genband, a company that had purchased assets from Nortel Networks in bankruptcy in 2010.ECI scrapped an initial public offering on the London stock exchange this year. It competes with large networking equipment companies such as Ciena Corp., Nokia Oyj and Cisco Systems Inc., according to its IPO prospectus.Barclays Plc advised ECI on the transaction while Tap Advisors and Citizen Financial Group Inc.’s capital markets division advised Ribbon.To contact the reporter on this story: Liana Baker in New York at lbaker75@bloomberg.netTo contact the editors responsible for this story: Daniel Hauck at dhauck1@bloomberg.net, Matthew Monks, Michael HythaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Ribbon Communications Inc. Announces CEO Departure
    PR Newswire

    Ribbon Communications Inc. Announces CEO Departure

    WESTFORD, Mass., Nov. 14, 2019 /PRNewswire/ -- Ribbon Communications Inc. (RBBN), a global software leader in secure and intelligent cloud communications, today announced the departure of its President and Chief Executive Officer, Franklin (Fritz) W. Hobbs, effective today. The Board has appointed Steven Bruny, Executive Vice President, Global Sales and Services, and Kevin Riley, Executive Vice President and Chief Technology Officer, as Interim Co-Presidents and Chief Executive Officers. Bruny and Riley will assume Mr. Hobbs' duties while Ribbon's Board of Directors works with One Degree Partners, a leading global executive search firm, to recruit a new CEO for Ribbon.

  • Ribbon Communications Inc. to Merge with ECI Telecom Group Ltd
    PR Newswire

    Ribbon Communications Inc. to Merge with ECI Telecom Group Ltd

    WESTFORD, Mass., Nov. 14, 2019 /PRNewswire/ -- Ribbon Communications Inc. (RBBN), a global software leader in secure and intelligent cloud communications, today announced that it has entered into an agreement to acquire, through a merger, ECI Telecom Group Ltd ("ECI"), a global provider of end-to-end packet-optical transport and SDN/NFV solutions for service providers, enterprises, and data center operators, for 32.5 million shares of Ribbon common stock and $324 million of cash. ECI stockholders will also receive approximately $31 million from ECI's sale of real estate assets. With this transformational transaction, Ribbon and ECI will create a powerful, leading edge solutions provider with anticipated combined annual revenue of over $900 million1, serving customers in more than 140 countries1, and 4,000 employees worldwide1.

  • Ribbon Deploys Emergency Calling Service for Colt Japan
    Zacks

    Ribbon Deploys Emergency Calling Service for Colt Japan

    Ribbon Communication (RBBN) reinforces the long-term business relationship with Colt Japan by augmenting the latter's service capabilities across the country.

  • PR Newswire

    Ribbon Deploys Colt Japan's Emergency Calling Service

    Solution delivers compliance with stringent Japanese regulatory requirements while enabling increased service capabilities WESTFORD, Massachusetts , Nov. 11, 2019 /PRNewswire/ --  Ribbon Communications ...

  • Ribbon Research Reveals More than Half of all Large North American Companies Have Yet to Invest in Unified Communications Technology
    PR Newswire

    Ribbon Research Reveals More than Half of all Large North American Companies Have Yet to Invest in Unified Communications Technology

    Upcoming roadshow to delve into UC trends, purchasing habits and behaviors of small-to-medium sized businesses and large enterprises in North America WESTFORD, Mass. , Nov. 7, 2019 /PRNewswire/ -- Ribbon ...

  • UCRight Leverages Ribbon's Session Border Controller to Launch Microsoft Teams Direct Routing Offering in the Microsoft Azure Cloud
    PR Newswire

    UCRight Leverages Ribbon's Session Border Controller to Launch Microsoft Teams Direct Routing Offering in the Microsoft Azure Cloud

    New TeamsRoute solution delivers customized Direct Routing calling and collaboration capabilities for Microsoft Teams users WESTFORD, Mass. , Nov. 4, 2019 /PRNewswire/ --  Ribbon Communications Inc. (Nasdaq: ...

  • Ribbon Communications Inc. to Participate at Upcoming Investment Conferences
    PR Newswire

    Ribbon Communications Inc. to Participate at Upcoming Investment Conferences

    WESTFORD, Mass. , Oct. 31, 2019 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global software leader in secure and intelligent cloud communications, today announced that company management ...

  • Can Ribbon Communications Inc. (NASDAQ:RBBN) Improve Its Returns?
    Simply Wall St.

    Can Ribbon Communications Inc. (NASDAQ:RBBN) Improve Its Returns?

    While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

  • Ribbon Communications (RBBN) Q3 Earnings and Revenues Lag Estimates
    Zacks

    Ribbon Communications (RBBN) Q3 Earnings and Revenues Lag Estimates

    Ribbon Communications (RBBN) delivered earnings and revenue surprises of -35.00% and -8.84%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Ribbon Communications Inc. Releases Third Quarter 2019 Financial Results
    PR Newswire

    Ribbon Communications Inc. Releases Third Quarter 2019 Financial Results

    Revenue was $138 million for the third quarter GAAP Net Income was $2 million and Non-GAAP Net Income was $15 million for the third quarter Non-GAAP Adjusted EBITDA was $23 million for the third quarter ...

  • Here’s What Hedge Funds Think About Ribbon Communications Inc.  (RBBN)
    Insider Monkey

    Here’s What Hedge Funds Think About Ribbon Communications Inc. (RBBN)

    Our extensive research has shown that imitating the smart money can generate significant returns for retail investors, which is why we track nearly 750 active prominent money managers and analyze their quarterly 13F filings. The stocks that are heavily bought by hedge funds historically outperformed the market, though there is no shortage of high profile […]

  • Earnings Preview: Ribbon Communications (RBBN) Q3 Earnings Expected to Decline
    Zacks

    Earnings Preview: Ribbon Communications (RBBN) Q3 Earnings Expected to Decline

    Ribbon Communications (RBBN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • PR Newswire

    Bandwidth and Ribbon Collaborate to Provide Real-time 911 Calling Support for Microsoft Teams Users

    Newly integrated solution delivers key 911 functionality for Microsoft Teams Dynamic Emergency Calling for Direct Routing customers WESTFORD, Mass. , Oct. 22, 2019 /PRNewswire/ --  Ribbon Communications ...

  • Ribbon Employees Participate in Volunteer Activities in More than 15 Countries during "Ribbon Day"
    PR Newswire

    Ribbon Employees Participate in Volunteer Activities in More than 15 Countries during "Ribbon Day"

    Second Annual Ribbon Day Global Day of Service consists of Ribbon employees assisting and supporting community non-profits and charitable organizations in all regions WESTFORD, Mass. , Oct. 18, 2019 /PRNewswire/ ...

  • Ribbon Communications to Report Third Quarter 2019 Financial Results on October 30, 2019
    PR Newswire

    Ribbon Communications to Report Third Quarter 2019 Financial Results on October 30, 2019

    WESTFORD, Mass. , Oct. 16, 2019 /PRNewswire/ --  Ribbon Communications Inc.  (Nasdaq: RBBN), a global software leader in secure and intelligent cloud communications, today announced that it will report ...

  • Ribbon Showcases Powerful Cloud, Core, Edge, Security and Analytics Software Solutions at Mobile World Congress Los Angeles
    PR Newswire

    Ribbon Showcases Powerful Cloud, Core, Edge, Security and Analytics Software Solutions at Mobile World Congress Los Angeles

    Market-leading solutions power some of the world's largest mobile communications service provider networks WESTFORD, Mass. , Oct. 16, 2019 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global ...

  • Ribbon to Showcase its Digital Transformation Solutions at GITEX Technology Week
    CNW Group

    Ribbon to Showcase its Digital Transformation Solutions at GITEX Technology Week

    Ribbon to Showcase its Digital Transformation Solutions at GITEX Technology Week

  • Ribbon's Bita Milanian Wins Global Women in Telco & Tech 2019 "Agent of Change" Award
    PR Newswire

    Ribbon's Bita Milanian Wins Global Women in Telco & Tech 2019 "Agent of Change" Award

    WESTFORD, Mass., Oct. 3, 2019 /PRNewswire/ -- Ribbon Communications Inc. (RBBN), a global software leader in secure and intelligent cloud communications solutions, today announced that Bita Milanian, Senior Vice President of Global Marketing, recently won the Global Women in Telco & Tech 2019 "Agent of Change" Award. The award celebrates achievements made by companies, individuals and industry partners, who are focused on improving gender equality and who have distinguished themselves as advocates and champions for change.