Ribbon Communications Inc. Reports First Quarter 2024 Financial Results [Yahoo! Finance]
Ribbon Communications Inc. (RBBN)
Last ribbon communications inc. earnings: 2/19 04:05 pm
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Source: Yahoo! Finance
PLANO, Texas April 24, 2024 /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world's largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced its financial results for the first quarter 2024. Revenue for the first quarter of 2024 was $180 million , compared to $186 million for the first quarter of 2023. First quarter 2024 GAAP Loss from Operations improved $22 million year over year, and Non-GAAP Adjusted EBITDA improved $14 million to $12 million . GAAP and Non-GAAP Gross Margin improved over 700 basis points year over year. "I am very pleased with the improvement in our profitability year over year, exceeding the high end of our guidance. Sales in the EMEA region were strong across Service Provider and Critical Infrastructure markets, growing 24% year over year," stated Bruce McClellan
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RBBN
News
- Ribbon Communications Inc. (NASDAQ: RBBN) is now covered by analysts at JMP Securities. They set a "mkt outperform" rating and a $6.00 price target on the stock.MarketBeat
- Ribbon and SURF Achieve Interoperable 2x400GbE Transport via Single 800G Wavelength over Brownfield 1,650km Amsterdam-Geneva Link [Yahoo! Finance]Yahoo! Finance
- Ribbon and SURF Achieve Interoperable 2x400GbE Transport via Single 800G Wavelength over Brownfield 1,650km Amsterdam-Geneva LinkPR Newswire
- Ribbon and SURF Achieve Interoperable 2x400GbE Transport via Single 800G Wavelength over Brownfield 1,650km Amsterdam-Geneva LinkPR Newswire
- Ribbon and SURF Achieve Interoperable 2x400GbE Transport via Single 800G Wavelength over Brownfield 1,650km Amsterdam-Geneva LinkPR Newswire
RBBN
Earnings
- 4/24/24 - Beat
RBBN
Sec Filings
- 4/24/24 - Form 8-K
- 4/19/24 - Form 4
- 4/19/24 - Form 4
- RBBN's page on the SEC website