Ribbon Communications (RBBN)
Market Price (10/31/2026): $0 | Market Cap: $-Sector: Information Technology | Industry: Application Software
Ribbon Communications (RBBN)
Market Price (10/31/2026): $0Market Cap: $-Sector: Information TechnologyIndustry: Application Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.7% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -33% Megatrend and thematic driversMegatrends include 5G & Advanced Connectivity, Cybersecurity, and Cloud Computing. Themes include Telecom Infrastructure, Show more. | Weak multi-year price returns2Y Excs Rtn is -91%, 3Y Excs Rtn is -103% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -12 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1.5% Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 133% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -7.8%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.1% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2.3%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -3.7% Key risksRBBN key risks include [1] revenue volatility from its high concentration of large customers and [2] supply chain and operational disruptions stemming from its dependence on limited-source suppliers and exposure to international geopolitical tensions. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.7% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -33% |
| Megatrend and thematic driversMegatrends include 5G & Advanced Connectivity, Cybersecurity, and Cloud Computing. Themes include Telecom Infrastructure, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -91%, 3Y Excs Rtn is -103% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -12 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1.5% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 133% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -7.8%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.1% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2.3%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -3.7% |
| Key risksRBBN key risks include [1] revenue volatility from its high concentration of large customers and [2] supply chain and operational disruptions stemming from its dependence on limited-source suppliers and exposure to international geopolitical tensions. |
Qualitative Assessment
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Ribbon Communications (RBBN) stock has lost about 35% since 6/30/2026 because of the following key factors:
1. Weaker-than-expected fiscal Q2 2026 financial results and cautious full-year guidance contributed to investor apprehension.
Ribbon Communications reported its fiscal Q2 2026 results on July 28, 2026, revealing a Non-GAAP diluted loss per share of $0.03, which was wider than the anticipated loss of $0.01. Although revenue of $192 million exceeded estimates, it represented a 13% year-over-year decline. The company's Non-GAAP Adjusted EBITDA for the quarter was $12 million, significantly lower than $32 million in the prior year's comparable quarter. Furthermore, management's updated full-year guidance for 2026, while projecting sequential improvements, indicated ongoing challenges, including approximately $2 million per quarter in increased product and component costs and potential supply limitations for the second half of the year. These factors led to the stock falling 6.25% in after-hours trading following the Q2 announcement, as investors focused on profitability concerns.
2. Persistent gross margin pressures and negative operating cash flow eroded investor confidence.
The company continued to face pressure on its gross margins. The Non-GAAP gross margin for fiscal Q2 2026 stood at 49.3%, a decrease from 52.1% in fiscal Q2 2025. This was partly attributed to approximately $1 million in higher component and logistics costs. While fiscal Q3 2026 (reported October 27, 2026) showed a sequential improvement in Non-GAAP gross margin to 50.3%, it remained below 52.6% reported in Q3 2025. Concurrently, Ribbon Communications reported negative operating cash flow of $12 million in fiscal Q2 2026, and the year-to-date operating cash flow remained negative, utilizing $47.9 million by the end of fiscal Q3 2026. This consistent cash burn signaled ongoing operational challenges and increased financial risk to investors.
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Ribbon Communications (RBBN) stock has lost about 35% since 6/30/2026 because of the following key factors:
1. Weaker-than-expected fiscal Q2 2026 financial results and cautious full-year guidance contributed to investor apprehension.
Ribbon Communications reported its fiscal Q2 2026 results on July 28, 2026, revealing a Non-GAAP diluted loss per share of $0.03, which was wider than the anticipated loss of $0.01. Although revenue of $192 million exceeded estimates, it represented a 13% year-over-year decline. The company's Non-GAAP Adjusted EBITDA for the quarter was $12 million, significantly lower than $32 million in the prior year's comparable quarter. Furthermore, management's updated full-year guidance for 2026, while projecting sequential improvements, indicated ongoing challenges, including approximately $2 million per quarter in increased product and component costs and potential supply limitations for the second half of the year. These factors led to the stock falling 6.25% in after-hours trading following the Q2 announcement, as investors focused on profitability concerns.
2. Persistent gross margin pressures and negative operating cash flow eroded investor confidence.
The company continued to face pressure on its gross margins. The Non-GAAP gross margin for fiscal Q2 2026 stood at 49.3%, a decrease from 52.1% in fiscal Q2 2025. This was partly attributed to approximately $1 million in higher component and logistics costs. While fiscal Q3 2026 (reported October 27, 2026) showed a sequential improvement in Non-GAAP gross margin to 50.3%, it remained below 52.6% reported in Q3 2025. Concurrently, Ribbon Communications reported negative operating cash flow of $12 million in fiscal Q2 2026, and the year-to-date operating cash flow remained negative, utilizing $47.9 million by the end of fiscal Q3 2026. This consistent cash burn signaled ongoing operational challenges and increased financial risk to investors.
3. Analyst downgrades and concerns over telecommunications spending and AI exposure impacted market sentiment.
Analyst sentiment turned more cautious during the period. Rosenblatt Securities, for example, lowered its price target on Ribbon Communications to $1.80 from $2.20 on October 28, 2026, while maintaining a Neutral rating. This action followed an earlier downgrade by the same firm (around late September 2026), citing the company's "heavy dependence on telecom spending and limited exposure to artificial intelligence." Such analyses highlight a broader market concern regarding the pace of spending within the telecommunications sector, which is central to Ribbon's business, and suggest that the company's perceived slow adoption or integration of AI-driven solutions contributed to a dampened outlook among some financial analysts and investors.
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Stock Movement Drivers
Fundamental Drivers
The -33.8% change in RBBN stock from 6/30/2026 to 10/30/2026 was primarily driven by a -38.9% change in the company's Net Income Margin (%).| (LTM values as of) | 6302026 | 10302026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.34 | 1.55 | -33.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 826 | 801 | -3.0% |
| Net Income Margin (%) | 3.8% | 2.3% | -38.9% |
| P/E Multiple | 13.1 | 14.9 | 13.8% |
| Shares Outstanding (Mil) | 176 | 179 | -1.8% |
| Cumulative Contribution | -33.8% |
Market Drivers
6/30/2026 to 10/30/2026| Return | Correlation | |
|---|---|---|
| RBBN | -33.8% | |
| Market (SPY) | 1.2% | 28.5% |
| Sector (XLK) | -5.8% | 33.2% |
Fundamental Drivers
The -26.9% change in RBBN stock from 3/31/2026 to 10/30/2026 was primarily driven by a -50.6% change in the company's Net Income Margin (%).| (LTM values as of) | 3312026 | 10302026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.12 | 1.55 | -26.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 845 | 801 | -5.2% |
| Net Income Margin (%) | 4.7% | 2.3% | -50.6% |
| P/E Multiple | 9.4 | 14.9 | 58.7% |
| Shares Outstanding (Mil) | 176 | 179 | -1.8% |
| Cumulative Contribution | -26.9% |
Market Drivers
3/31/2026 to 10/30/2026| Return | Correlation | |
|---|---|---|
| RBBN | -26.9% | |
| Market (SPY) | 16.5% | 30.3% |
| Sector (XLK) | 35.2% | 34.5% |
Fundamental Drivers
The -59.2% change in RBBN stock from 9/30/2025 to 10/30/2026 was primarily driven by a -55.5% change in the company's P/S Multiple.| (LTM values as of) | 9302025 | 10302026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.80 | 1.55 | -59.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 863 | 801 | -7.2% |
| P/S Multiple | 0.8 | 0.3 | -55.5% |
| Shares Outstanding (Mil) | 177 | 179 | -1.2% |
| Cumulative Contribution | -59.2% |
Market Drivers
9/30/2025 to 10/30/2026| Return | Correlation | |
|---|---|---|
| RBBN | -59.2% | |
| Market (SPY) | 14.4% | 27.9% |
| Sector (XLK) | 27.9% | 29.0% |
Fundamental Drivers
The -42.2% change in RBBN stock from 9/30/2023 to 10/30/2026 was primarily driven by a -36.4% change in the company's P/S Multiple.| (LTM values as of) | 9302023 | 10302026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.68 | 1.55 | -42.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 838 | 801 | -4.4% |
| P/S Multiple | 0.5 | 0.3 | -36.4% |
| Shares Outstanding (Mil) | 170 | 179 | -4.9% |
| Cumulative Contribution | -42.2% |
Market Drivers
9/30/2023 to 10/30/2026| Return | Correlation | |
|---|---|---|
| RBBN | -42.2% | |
| Market (SPY) | 82.9% | 39.0% |
| Sector (XLK) | 122.9% | 37.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| RBBN Return | -8% | -54% | 4% | 43% | -31% | -46% | -76% |
| Peers Return | 89% | -15% | -20% | 20% | 53% | 11% | 161% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 106% |
Monthly Win Rates [3] | |||||||
| RBBN Win Rate | 42% | 58% | 58% | 67% | 42% | 20% | |
| Peers Win Rate | 65% | 38% | 47% | 55% | 62% | 44% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| RBBN Max Drawdown | -53% | -64% | -60% | -28% | -46% | -60% | |
| Peers Max Drawdown | -22% | -44% | -43% | -33% | -34% | -43% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CSCO, CIEN, ADTN, CALX, EXTR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/30/2026 (YTD)
How Low Can It Go
| Event | RBBN | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -12.9% | -7.8% |
| % Gain to Breakeven | 14.8% | 8.5% |
| Time to Breakeven | 14 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -46.1% | -9.5% |
| % Gain to Breakeven | 85.5% | 10.5% |
| Time to Breakeven | 107 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -35.9% | -6.7% |
| % Gain to Breakeven | 56.1% | 7.1% |
| Time to Breakeven | 442 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -37.9% | -33.7% |
| % Gain to Breakeven | 61.1% | 50.9% |
| Time to Breakeven | 8 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -29.5% | -19.2% |
| % Gain to Breakeven | 41.8% | 23.8% |
| Time to Breakeven | 707 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -35.4% | -3.7% |
| % Gain to Breakeven | 54.9% | 3.9% |
| Time to Breakeven | 1555 days | 6 days |
In The Past
Ribbon Communications's stock fell -12.9% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 14.8% gain to breakeven.
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| Event | RBBN | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -46.1% | -9.5% |
| % Gain to Breakeven | 85.5% | 10.5% |
| Time to Breakeven | 107 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -35.9% | -6.7% |
| % Gain to Breakeven | 56.1% | 7.1% |
| Time to Breakeven | 442 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -37.9% | -33.7% |
| % Gain to Breakeven | 61.1% | 50.9% |
| Time to Breakeven | 8 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -29.5% | -19.2% |
| % Gain to Breakeven | 41.8% | 23.8% |
| Time to Breakeven | 707 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -35.4% | -3.7% |
| % Gain to Breakeven | 54.9% | 3.9% |
| Time to Breakeven | 1555 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -29.5% | -12.2% |
| % Gain to Breakeven | 41.8% | 13.9% |
| Time to Breakeven | 13 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -37.4% | -17.9% |
| % Gain to Breakeven | 59.8% | 21.8% |
| Time to Breakeven | 623 days | 123 days |
In The Past
Ribbon Communications's stock fell -12.9% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 14.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Ribbon Communications (RBBN)
Ribbon Communications Inc. (RBBN) is a global provider of communication technology solutions, enabling modern voice, video, and data transmission across various network environments. Through its Cloud and Edge segment, the company offers critical software and hardware products that support voice over IP (VoIP), Voice over LTE (VoLTE), and Voice over 5G (Vo5G) communications, as well as unified communications and collaboration (UC&C) services. Key offerings include Session Border Controllers (SBCs) and network transformation products.
Ribbon's IP Optical Networks segment focuses on providing the foundational infrastructure for high-speed data transfer. This includes hardware and software solutions for IP networking, switching, routing, and optical transport, which are essential for supporting advanced technologies like 5G and distributed cloud computing. Products within this segment feature 5G-native solutions for mobile backhaul, metro and edge aggregation, core networking, and data center interconnect, along with transport solutions for wholesale carriers and advanced analytics platforms.
The company serves a diverse customer base globally. The Cloud and Edge segment primarily caters to service providers, large enterprises, and data centers, operating across private, public, and hybrid cloud infrastructures. Meanwhile, the IP Optical Networks segment extends its reach to a broad range of industries, including utilities, government, defense, finance, transportation, and education and research, in addition to its offerings for service providers and enterprises, emphasizing robust and secure network infrastructure.
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1. A specialized Cisco or Juniper Networks for telecom carriers' voice and data backbone.
2. Nokia or Ericsson, but focused on the core software and IP/optical networking that enables telecom carriers' communication services.
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Major products and services of Ribbon Communications (RBBN):
- VoIP, VoLTE, VoNR, and UC&C Solutions: Software and hardware products enabling voice over IP, LTE, and 5G communications, along with unified communications and collaboration.
- Session Border Controllers (SBCs): Products that provide security, interoperability, and quality assurance for real-time communications across IP networks.
- Network Transformation Products: Solutions designed to modernize and evolve existing communication infrastructures.
- IP Networking and Optical Transport Solutions: Hardware and software for IP networking, switching, routing, and high-capacity optical data transmission, supporting technologies like 5G and distributed cloud.
- 5G-Native Mobile Backhaul and Aggregation Solutions: Specialized solutions for connecting 5G radio access networks to the core, and for metro and edge network aggregation.
- Advanced Network Analytics Solutions: Cloud-native and streaming analytics platforms providing insights into network performance and subscriber behavior.
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Ribbon Communications Inc. (RBBN) primarily sells its communications technology and solutions to other companies and organizations (B2B). Based on the provided description, specific customer company names are not listed; however, the company serves a diverse range of organizations across different sectors.
Its major customer categories include:
- Telecommunication Service Providers: This category encompasses traditional voice and mobile carriers, wholesale carriers, and entities requiring solutions for Voice over IP (VoIP), Voice over LTE (VoLTE), Voice over 5G (VoNR), Unified Communications & Collaboration (UC&C), 5G-native mobile backhaul, metro and edge aggregation, and core networking.
- Enterprises: Ribbon Communications serves various businesses and organizations, providing them with solutions for Unified Communications & Collaboration (UC&C), Session Border Controllers (SBC), network transformation, IP networking, switching, routing, and optical transport for their on-premises or cloud infrastructure needs.
- Public Sector and Critical Infrastructure Organizations: This broad category includes customers in government, defense, utilities, finance, transportation, education and research industries, as well as data centers and cloud infrastructure providers, all relying on Ribbon's hardware and software for their IP networking, optical transport, and advanced analytics requirements.
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- Intel Corporation (INTC)
- Broadcom Inc. (AVGO)
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Bruce McClelland President, CEO & Director
Bruce McClelland became President, Chief Executive Officer, and a Director of Ribbon Communications on or around March 1, 2020. Prior to joining Ribbon, he served as the Chief Executive Officer of ARRIS International plc and led its sale to CommScope Inc. for $7.4 billion in April 2019. During his tenure at ARRIS, McClelland was instrumental in managing the acquisition and integration of Ruckus Wireless and Brocade ICX switching businesses, diversifying ARRIS beyond the service provider market into the enterprise sector. Following the ARRIS acquisition, he served as the Chief Operating Officer of CommScope. Earlier in his career, he spent eleven years in various leadership roles at Nortel Networks Corporation and Bell Northern Research (BNR).
John Townsend Executive Vice President, Chief Financial Officer
John Townsend was appointed Executive Vice President and Chief Financial Officer of Ribbon Communications, effective November 1, 2024. He succeeded Miguel "Mick" Lopez, who retired. Before joining Ribbon, Townsend served as the Group CFO of Digicel Group from 2022 to 2023. He spent nearly a decade at Verizon (2013-2022), holding several CFO positions, including CFO for Verizon Wireline, Verizon Wireless, Verizon Consumer, and Verizon Business. Additionally, Townsend spent almost two decades with Vodafone Group, where he held various regional CFO assignments, including CFO for the Verizon Wireless joint venture, overseeing SEC reporting and investor communications.
Sam Bucci Executive Vice President, Chief Operating Officer
Patrick Macken Executive Vice President, Chief Legal Officer and Corporate Secretary
Stephen McCaffery Executive Vice President of Global Sales
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The increasing trend for enterprises and even some service providers to adopt comprehensive, integrated unified communications and networking services directly from large hyperscale cloud providers (e.g., Microsoft, Amazon, Google). These integrated offerings often subsume the need for separate session border controllers, VoIP/VoLTE/VoNR communication platforms, and some network transformation solutions, thereby reducing the addressable market for Ribbon's Cloud and Edge segment.
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Ribbon Communications (RBBN) operates in several expanding addressable markets globally, encompassing its diverse range of communication technology products and services. The company's main offerings include solutions for Voice over IP, VoLTE, VoNR, Unified Communications and Collaboration, Session Border Controllers, IP Optical Networks, and advanced analytics.
Voice over Internet Protocol (VoIP)
The global Voice over Internet Protocol (VoIP) services market was valued at approximately USD 161.79 billion in 2025 and is projected to grow to about USD 453.75 billion by 2035, with a Compound Annual Growth Rate (CAGR) of 10.86% from 2026 to 2035. Other estimates for the global VoIP market include USD 169.38 billion in 2025, reaching USD 264.27 billion by 2029, and USD 176.16 billion in 2025, with a projection to reach USD 388.97 billion by 2034 at a CAGR of 10.4%. North America is a dominant region in this market, holding a 45% market share in 2025.
Voice over LTE (VoLTE)
The global Voice over LTE (VoLTE) market reached USD 23.2 billion in 2024 and is anticipated to expand significantly to USD 919.8 billion by 2033, demonstrating a substantial CAGR of 50.5% during the forecast period of 2025-2033. Another report indicates the VoLTE market size is USD 86.84 billion in 2026 and is projected to reach USD 513.23 billion by 2031, at a CAGR of 42.65% from 2026-2031. North America is a leading region in the VoLTE market.
Voice over 5G (VoNR)
The global Voice over New Radio (VoNR) market was valued at USD 3.49 billion in 2022 and is expected to reach USD 83.09 billion by 2030, growing at a CAGR of 50.5% from 2023 to 2030. Another assessment valued the market at USD 1.2 billion in 2024, with a projection to reach USD 3.5 billion by 2034 at a CAGR of 11.5%.
Unified Communications and Collaboration (UC&C)
The global Unified Communications and Collaboration (UC&C) market size was approximately USD 73.35 billion in 2025 and is projected to grow to USD 181.84 billion by 2034, exhibiting a CAGR of 10.7% over the forecast period. North America held the largest share of this market, at 36.9% in 2025. Other projections show the global UC&C market reaching USD 211.1 billion in 2030, with an estimated revenue of USD 100.2 billion in 2024 and a CAGR of 13.5% from 2025–2030. Additionally, the market is projected to grow from USD 106.9 billion in 2025 to USD 324.9 billion by 2035, at a CAGR of 11.8%.
Session Border Controller (SBC)
The global enterprise session border controller market was valued at USD 541.01 million in 2024 and is expected to reach USD 1,078.10 million by 2032, with a CAGR of 9.00% during the forecast period. Another report indicates the global market size was over USD 1.1 billion in 2025 and is projected to reach USD 2.46 billion by 2035, at a CAGR of around 8.4% from 2026-2035. North America held a dominant position in the SBC market, accounting for approximately 35% of the market share in 2024.
IP Optical Networks (including 5G Infrastructure, Mobile Backhaul, and Data Center Interconnect)
- 5G Infrastructure: The global 5G infrastructure market was valued at USD 14.81 billion in 2024 and is estimated to reach USD 368.85 billion by 2033, with a CAGR of 39.50% from 2025-2033. Another report estimated the global 5G infrastructure market at USD 43.50 billion in 2025, expected to grow to USD 675.9 billion by 2034 at a CAGR of 41.7%.
- Mobile Backhaul: The global mobile backhaul market size is estimated at USD 40.2 billion in 2026 and is projected to reach USD 80.65 billion by 2031, growing at a CAGR of 14.95% from 2026-2031. Asia Pacific is a leading region, with a 34.60% revenue share in 2025.
- Data Center Interconnect (DCI): The global data center interconnect market is projected to reach USD 14.6 billion in 2025 and grow to USD 79.4 billion by 2034, at a CAGR of 20.7%. North America is expected to hold the largest market share in the global DCI market, with about 38.0% in 2025. Another report estimated the global DCI market size at USD 10.12 billion in 2024 and projected it to reach USD 20.37 billion by 2030, growing at a CAGR of 13.1% from 2025 to 2030.
- Metro-Edge 400ZR: The metro-edge 400 ZR market size is expected to grow from $1.03 billion in 2024 to $1.29 billion in 2025, at a CAGR of 24.7%, and is projected to reach $3.07 billion in 2029 at a CAGR of 24.3%.
Advanced Analytics Solutions (Network Analytics)
The global network analytics market size was estimated at USD 3.26 billion in 2022 and is projected to grow to USD 13.06 billion by 2030, with a CAGR of 19.0% from 2023 to 2030. North America held the largest market share of 33.62% in 2022. Another report estimated the global network analytics market size at USD 5.60 billion in 2025 and expects it to reach approximately USD 25.77 billion by 2034, expanding at a CAGR of 18.55% from 2025 to 2034. North America contributed over 35% of the market share in 2024, and Asia-Pacific is estimated to expand at a CAGR of 22% between 2025 and 2034.
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Ribbon Communications (RBBN) is expected to experience future revenue growth over the next 2-3 years, driven by several key factors:
- Voice Network Modernization and Cloud-Native Solutions: Ribbon Communications anticipates growth from service providers investing in modernizing their traditional voice networks and the increasing adoption of cloud-centric and cloud-native voice solutions within its Cloud & Edge segment. The company has secured significant new voice modernization bookings.
- Global 5G and Broadband Infrastructure Deployments: The company's product offerings are well-positioned to benefit from global 5G initiatives, Fiber-To-The-Home broadband deployments, and general network upgrades to support exponential growth in internet traffic.
- Expansion in IP Optical Networks: Ribbon Communications expects continued expansion and a growing pipeline of opportunities within its IP Optical Networks segment. This includes strategic wins with new Metro customers and projects in areas like Data Center Interconnect (DCI), particularly in North America and EMEA.
- Increased Demand from Critical Infrastructure and U.S. Government Spending: Growth is anticipated from serving critical infrastructure sectors and from improved visibility in U.S. government spending. The company's product suite is also expected to benefit from U.S. government incentives for network modernization.
- International Market Growth: Strong sales performance in the EMEA (Europe, Middle East, and Africa) region and growth in India are identified as positive contributors to future revenue. Ribbon has shown increasing international strength and an expanding customer base in various regions.
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Share Repurchases
- Ribbon Communications authorized a new share repurchase program of up to $50 million, commencing on June 5, 2025, and running through December 31, 2027.
- The company repurchased approximately 972,000 shares for $3.3 million in the fourth quarter of 2025 and 2.5 million shares for $9 million in the full fiscal year 2025.
- The share repurchase program is expected to be funded by available cash or cash generated from operations.
Share Issuance
- In August 2022, Ribbon Communications completed a private placement, issuing approximately 17.05 million shares of common stock at $3.05 per share, raising gross proceeds of approximately $52 million.
- In March 2023, the company completed a private placement financing of Series A preferred stock and warrants, resulting in gross proceeds of approximately $53.4 million. They issued 55,000 shares of Series A preferred stock and warrants to purchase approximately 4.86 million shares of common stock.
- Proceeds from the August 2022 private placement were allocated for general corporate purposes, including capital expenditures, working capital, and debt repayment. Proceeds from the March 2023 private placement were used to prepay $75 million of outstanding principal on a term loan.
Inbound Investments
- Ribbon Communications secured approximately $52 million in a private placement financing of common stock in August 2022, with participation from major shareholders including Neuberger Berman client funds, JPMorgan Chase & Co., and Swarth Investments Ltd.
- In March 2023, Ribbon completed a private placement that raised about $53.4 million from its three largest stockholders: Neuberger Berman client funds, JPMorgan Chase & Co., and Swarth Investments Ltd.
Outbound Investments
- Ribbon Communications completed the acquisition of ECI Telecom Group Ltd., a global provider of end-to-end packet-optical transport and SDN/NFV solutions, in March 2020.
- In December 2020, Ribbon Communications sold its Kandy assets to AVCtechnologies, receiving approximately $45 million in convertible debentures and warrants.
Capital Expenditures
- Ribbon Communications reported capital expenditures of $2.0 million in the fourth quarter of 2025.
- For the full fiscal year 2025, capital expenditures amounted to $15 million, with an additional $10 million for an Israeli facility.
- Management anticipates annual capital expenditures to stabilize at approximately $15 million in the coming years.
Peer Outperformance in Application Software
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| RBBN | Ribbon Communications | -1.1% | 14.9x | -53.9% | -17.6% | -71.7% | — |
| MSTR | Strategy | 0.0% | -1.5x | -48.7% | 208.3% | 82.5% | +154pp |
| DBX | Dropbox | 1.5% | 18.4x | 26.0% | 37.8% | 18.9% | +91pp |
| DLB | Dolby Laboratories | 1.8% | 25.8x | -3.4% | -19.1% | -23.9% | +48pp |
| BLKB | Blackbaud | 2.3% | 15.9x | -18.8% | -18.1% | -24.6% | +47pp |
| TRMB | Trimble | 1.3% | -144.5x | -17.7% | 37.8% | -25.7% | +46pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Electronic Manufacturing Services | 10 | 28.6% | 117.4% | 232.6% | FLEX 597% · TTMI 526% · JBL 362% |
| Technology Distributors | 9 | 46.4% | 83.7% | 82.4% | AVT 162% · SNX 140% · CNXN 100% |
| Semiconductor Materials & Equipment | 28 | 45.6% | 77.3% | 59.3% | AXTI 574% · LRCX 346% · KLAC 345% |
| Communications Equipment | 36 | 5.3% | 82.3% | 51.0% | LITE 918% · AAOI 803% · ANET 559% |
| Electronic Components | 26 | -0.6% | 69.4% | 46.8% | CLS 2604% · BELFA 1204% · APH 332% |
| Semiconductors | 55 | 0.9% | 57.3% | 16.4% | MU 1211% · NVDA 704% · AVGO 570% |
| Technology Hardware, Storage & Peripherals | 21 | 3.6% | 104.5% | 2.6% | WDC 841% · SMCI 831% · DELL 744% |
| Electronic Equipment & Instruments | 27 | -7.4% | 30.2% | -1.1% | PI 158% · OSIS 114% · MIR 73% |
| Internet Services & Infrastructure | 6 | 9.0% | 58.4% | -10.1% | GDDY 69% · VRSN 40% · DOCN -8% |
| IT Consulting & Other Services | 30 | -26.1% | -5.8% | -24.6% | CHRN 378321% · APLD 280% · IBM 160% |
| Application Software ← | 126 | -17.4% | -5.3% | -49.0% | PLTR 611% · FROG 189% · AGYS 143% |
| Systems Software | 69 | -7.0% | 24.4% | -51.8% | ZETA 277% · CRWD 255% · CVLT 169% |
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 29.72 |
| Mkt Cap | 2.7 |
| Rev LTM | 1,226 |
| Op Inc LTM | 72 |
| FCF LTM | 120 |
| FCF 3Y Avg | 72 |
| CFO LTM | 146 |
| CFO 3Y Avg | 94 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 13.8% |
| Rev Chg 3Y Avg | 2.1% |
| Rev Chg Q | 13.8% |
| QoQ Delta Rev Chg LTM | 3.3% |
| Op Inc Chg LTM | 121.7% |
| Op Inc Chg 3Y Avg | 48.3% |
| Op Mgn LTM | 5.9% |
| Op Mgn 3Y Avg | 1.1% |
| QoQ Delta Op Mgn LTM | 1.5% |
| CFO/Rev LTM | 11.9% |
| CFO/Rev 3Y Avg | 8.8% |
| FCF/Rev LTM | 9.7% |
| FCF/Rev 3Y Avg | 6.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 2.7 |
| P/S | 2.2 |
| P/Op Inc | 30.8 |
| P/EBIT | 38.4 |
| P/E | 38.4 |
| P/CFO | 18.8 |
| Total Yield | 2.0% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 2.6% |
| D/E | 0.1 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -3.3% |
| 3M Rtn | -18.8% |
| 6M Rtn | -27.5% |
| 12M Rtn | -7.9% |
| 3Y Rtn | 10.4% |
| 1M Excs Rtn | -6.5% |
| 3M Excs Rtn | -22.9% |
| 6M Excs Rtn | -34.7% |
| 12M Excs Rtn | -17.4% |
| 3Y Excs Rtn | -74.7% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Cloud and Edge | 511 | 505 | 478 | 508 | 557 |
| Internet Protocol (IP) Optical Networks | 333 | 329 | 349 | 312 | 288 |
| Total | 845 | 834 | 826 | 820 | 845 |
| $ Mil | 2020 | 2019 |
|---|---|---|
| Cloud and Edge | 136 | 86 |
| Acquisition-related inventory and facilities adjustments | -2 | |
| Litigation costs | -2 | -8 |
| Internet Protocol (IP) Optical Networks | -5 | |
| Stock-based compensation | -14 | -13 |
| Restructuring and related expense | -16 | -16 |
| Acquisition-, disposal- and integration-related expense | -17 | -13 |
| Depreciation | -17 | -12 |
| Amortization of intangible assets | -61 | -49 |
| Impairment of goodwill | -164 | |
| Total | 2 | -189 |
Price Behavior
| Market Price | $1.55 | |
| Market Cap ($ Bil) | 0.3 | |
| First Trading Date | 05/25/2000 | |
| Distance from 52W High | -53.9% | |
| 50 Days | 200 Days | |
| DMA Price | $1.75 | $2.24 |
| DMA Trend | down | down |
| Distance from DMA | -11.2% | -30.9% |
| 3M | 1YR | |
| Volatility | 70.1% | 66.4% |
| Downside Capture | 438.09 | 288.46 |
| Upside Capture | 209.26 | 159.45 |
| Correlation (S&P 500) | 35.3% | 27.6% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.07 | 2.25 | 1.56 | 1.59 | 1.36 | 1.50 |
| Up Beta | 5.67 | 1.60 | 0.97 | 0.40 | -0.57 | 1.04 |
| Down Beta | 6.79 | 3.83 | -1.06 | 1.39 | 1.80 | 1.57 |
| Up Capture | 188% | 159% | 166% | 177% | 138% | 375% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 11 | 19 | 31 | 63 | 118 | 365 |
| Down Capture | 349% | 337% | 291% | 226% | 164% | 112% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 10 | 21 | 31 | 59 | 120 | 353 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RBBN | |
|---|---|---|---|---|
| RBBN | -55.2% | 66.4% | -0.93 | - |
| Sector ETF (XLK) | 18.6% | 27.1% | 0.60 | 30.3% |
| Equity (SPY) | 10.9% | 12.8% | 0.52 | 28.4% |
| Gold (GLD) | -2.0% | 28.6% | -0.08 | 7.2% |
| Commodities (DBC) | 48.2% | 20.6% | 1.79 | -13.9% |
| Real Estate (VNQ) | 10.2% | 13.7% | 0.45 | -1.9% |
| Bitcoin (BTCUSD) | -30.3% | 43.5% | -0.71 | 5.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RBBN | |
|---|---|---|---|---|
| RBBN | -23.3% | 61.0% | -0.19 | - |
| Sector ETF (XLK) | 18.6% | 26.1% | 0.64 | 40.7% |
| Equity (SPY) | 12.2% | 17.1% | 0.53 | 42.2% |
| Gold (GLD) | 16.2% | 19.0% | 0.68 | 6.5% |
| Commodities (DBC) | 9.2% | 19.5% | 0.35 | 4.8% |
| Real Estate (VNQ) | 0.9% | 18.9% | -0.06 | 27.9% |
| Bitcoin (BTCUSD) | 4.8% | 51.6% | 0.28 | 18.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with RBBN | |
|---|---|---|---|---|
| RBBN | -14.5% | 56.9% | -0.04 | - |
| Sector ETF (XLK) | 23.7% | 25.1% | 0.86 | 40.1% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 41.7% |
| Gold (GLD) | 11.4% | 16.5% | 0.56 | 6.2% |
| Commodities (DBC) | 8.2% | 18.1% | 0.37 | 12.7% |
| Real Estate (VNQ) | 5.3% | 20.7% | 0.21 | 29.6% |
| Bitcoin (BTCUSD) | 61.7% | 66.2% | 1.01 | 15.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 10/30/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/27/2026 | 16.4% | ||
| 7/28/2026 | 6.8% | 5.9% | -1.0% |
| 4/28/2026 | -8.7% | 5.0% | 18.5% |
| 2/5/2026 | -27.9% | -28.3% | -19.5% |
| 10/22/2025 | -13.7% | -13.7% | -31.0% |
| 7/23/2025 | -8.5% | -10.6% | -12.0% |
| 4/29/2025 | -14.4% | -17.1% | -6.7% |
| 2/12/2025 | 15.5% | 14.3% | -8.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 10 | 6 |
| # Negative | 13 | 14 | 18 |
| Median Positive | 9.9% | 12.8% | 18.1% |
| Median Negative | -9.2% | -12.4% | -9.1% |
| Max Positive | 26.5% | 23.3% | 77.7% |
| Max Negative | -27.9% | -29.6% | -31.0% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/27/2026 | 16.4% | ||
| 7/28/2026 | 6.8% | 5.9% | -1.0% |
| 4/28/2026 | -8.7% | 5.0% | 18.5% |
| 2/5/2026 | -27.9% | -28.3% | -19.5% |
| 10/22/2025 | -13.7% | -13.7% | -31.0% |
| 7/23/2025 | -8.5% | -10.6% | -12.0% |
| 4/29/2025 | -14.4% | -17.1% | -6.7% |
| 2/12/2025 | 15.5% | 14.3% | -8.8% |
| 10/23/2024 | 8.2% | 7.9% | 13.7% |
| 7/24/2024 | -17.2% | -12.9% | -17.0% |
| 4/24/2024 | 26.5% | 23.3% | 26.5% |
| 2/14/2024 | 7.2% | -1.6% | -8.1% |
| 10/25/2023 | 2.6% | -2.1% | 11.6% |
| 7/26/2023 | -4.9% | -8.1% | -18.6% |
| 4/26/2023 | 11.5% | 13.5% | 17.8% |
| 2/15/2023 | 21.8% | 12.1% | -4.7% |
| 10/26/2022 | -1.8% | -12.0% | -8.8% |
| 7/27/2022 | -9.1% | -8.3% | -2.8% |
| 4/27/2022 | 8.2% | 19.3% | -10.8% |
| 2/16/2022 | -22.7% | -29.6% | -26.0% |
| 10/27/2021 | -9.2% | 2.0% | -4.4% |
| 7/28/2021 | 0.0% | -2.3% | -6.1% |
| 4/28/2021 | -11.9% | -20.0% | -9.3% |
| 2/17/2021 | -7.2% | -13.9% | -22.2% |
| 10/29/2020 | 11.7% | 14.2% | 77.7% |
| SUMMARY STATS | |||
| # Positive | 12 | 10 | 6 |
| # Negative | 13 | 14 | 18 |
| Median Positive | 9.9% | 12.8% | 18.1% |
| Median Negative | -9.2% | -12.4% | -9.1% |
| Max Positive | 26.5% | 23.3% | 77.7% |
| Max Negative | -27.9% | -29.6% | -31.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 10/28/2026 | 10-Q |
| 06/30/2026 | 07/31/2026 | 10-Q |
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 10/23/2025 | 10-Q |
| 06/30/2025 | 07/24/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 02/27/2025 | 10-K |
| 09/30/2024 | 10/24/2024 | 10-Q |
| 06/30/2024 | 07/29/2024 | 10-Q |
| 03/31/2024 | 05/15/2024 | 10-Q |
| 12/31/2023 | 02/28/2024 | 10-K |
| 09/30/2023 | 10/26/2023 | 10-Q |
| 06/30/2023 | 07/27/2023 | 10-Q |
| 03/31/2023 | 04/28/2023 | 10-Q |
| 12/31/2022 | 03/31/2023 | 10-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 10/28/2026 | 10-Q |
| 06/30/2026 | 07/31/2026 | 10-Q |
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 10/23/2025 | 10-Q |
| 06/30/2025 | 07/24/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 02/27/2025 | 10-K |
| 09/30/2024 | 10/24/2024 | 10-Q |
| 06/30/2024 | 07/29/2024 | 10-Q |
| 03/31/2024 | 05/15/2024 | 10-Q |
| 12/31/2023 | 02/28/2024 | 10-K |
| 09/30/2023 | 10/26/2023 | 10-Q |
| 06/30/2023 | 07/27/2023 | 10-Q |
| 03/31/2023 | 04/28/2023 | 10-Q |
| 12/31/2022 | 03/31/2023 | 10-K |
| 09/30/2022 | 10/28/2022 | 10-Q |
| 06/30/2022 | 07/28/2022 | 10-Q |
| 03/31/2022 | 05/10/2022 | 10-Q |
| 12/31/2021 | 03/11/2022 | 10-K |
| 09/30/2021 | 10/28/2021 | 10-Q |
| 06/30/2021 | 07/29/2021 | 10-Q |
| 03/31/2021 | 04/30/2021 | 10-Q |
| 12/31/2020 | 02/26/2021 | 10-K |
| 09/30/2020 | 10/30/2020 | 10-Q |
| 06/30/2020 | 08/06/2020 | 10-Q |
| 03/31/2020 | 05/08/2020 | 10-Q |
| 12/31/2019 | 02/28/2020 | 10-K |
Recent Forward Guidance
Updated 10/28/2026Latest: Q3 2026 Earnings Reported 10/27/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2026 Revenue | Reported | 233.00 Mil | 240.00 Mil | 247.00 Mil | 7.9% | Higher New | Guidance: 222.50 Mil for Q3 2026 | |
| Q4 2026 Gross Profit | Calculated | 124.66 Mil | 129.60 Mil | 134.62 Mil | Rev x Gross Margin | |||
| Q4 2026 Non-GAAP Gross Margin | Reported | 53.5% | 54.0% | 54.5% | 2.5% | Higher New | Guidance: 51.5% for Q3 2026 | |
| Q4 2026 GAAP Gross Margin | Reported | 52.1% | ||||||
| Q4 2026 GAAP Operating Income | Reported | 20.70 Mil | ||||||
| Q4 2026 Adjusted EBITDA | Reported | 40.00 Mil | 43.50 Mil | 47.00 Mil | 52.6% | Higher New | Guidance: 28.50 Mil for Q3 2026 | |
| 2026 GAAP Operating Loss | Reported | -18.80 Mil | ||||||
| 2026 Revenue | Reported | 807.00 Mil | 814.00 Mil | 821.00 Mil | -1.3% | Lowered | Guidance: 825.00 Mil for 2026 | |
| 2026 GAAP Gross Margin | Reported | 48.0% | ||||||
| 2026 Non-GAAP Gross Margin | Reported | 50.1% | 50.3% | 50.5% | -1.2% | Lowered | Guidance: 51.5% for 2026 | |
| 2026 Adjusted EBITDA | Reported | 70.50 Mil | 74.00 Mil | 77.50 Mil | -10.8% | Lowered | Guidance: 83.00 Mil for 2026 | |
Prior: Q2 2026 Earnings Reported 7/28/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 Revenue | Reported | 215.00 Mil | 222.50 Mil | 230.00 Mil | ||||
| Q3 2026 Gross Profit | Calculated | 109.65 Mil | 114.59 Mil | 119.60 Mil | Rev x Gross Margin | |||
| Q3 2026 Non-GAAP Gross Margin | Reported | 51.0% | 51.5% | 52.0% | ||||
| Q3 2026 Adjusted EBITDA | Reported | 26.00 Mil | 28.50 Mil | 31.00 Mil | ||||
| 2026 Revenue | Reported | 810.00 Mil | 825.00 Mil | 840.00 Mil | -3.8% | Lowered | Guidance: 857.50 Mil for 2026 | |
| 2026 Gross Profit | Calculated | 413.10 Mil | 424.88 Mil | 436.80 Mil | Rev x Gross Margin | |||
| 2026 Non-GAAP Gross Margin | Reported | 51.0% | 51.5% | 52.0% | -1.5% | Lowered | Guidance: 53.0% for 2026 | |
| 2026 Adjusted EBITDA | Reported | 78.00 Mil | 83.00 Mil | 88.00 Mil | -26.2% | Lowered | Guidance: 112.50 Mil for 2026 | |
Insider Activity
Updated 10/19/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | McClelland, Bruce William | President & CEO | Direct | Buy | 2132026 | 1.98 | 12,500 | 24,750 | 3,002,005 | Form |
| 2 | McClelland, Bruce William | President & CEO | Direct | Buy | 2132026 | 1.99 | 12,500 | 24,855 | 2,989,885 | Form |
| 3 | McClelland, Bruce William | President & CEO | Direct | Buy | 2132026 | 2.06 | 12,000 | 24,702 | 3,069,561 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | McClelland, Bruce William | President & CEO | Direct | Buy | 2132026 | 1.98 | 12,500 | 24,750 | 3,002,005 | Form |
| 2 | McClelland, Bruce William | President & CEO | Direct | Buy | 2132026 | 1.99 | 12,500 | 24,855 | 2,989,885 | Form |
| 3 | McClelland, Bruce William | President & CEO | Direct | Buy | 2132026 | 2.06 | 12,000 | 24,702 | 3,069,561 | Form |
Ribbon Communications — Investor Video Playlist
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Application Software Resources |
| Capterra |
| Software Advice |
| InfoWorld |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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