Ribbon Communications Inc. Reports Third Quarter 2024 Financial Results [Yahoo! Finance]
Ribbon Communications Inc. (RBBN)
Last ribbon communications inc. earnings: 2/19 04:05 pm
Check Earnings Report
US:NASDAQ Investor Relations:
investors.ribboncommunications.com
Company Research
Source: Yahoo! Finance
Revenue for the third quarter of 2024 was $210 million , compared to $203 million for the third quarter of 2023 and $193 million for the second quarter of 2024. GAAP Loss from Operations was ( $1 million ) while Non-GAAP Adjusted EBITDA improved to $30 million , or 14% of sales, in the third quarter 2024. GAAP and Non-GAAP Gross Margins were strong at 52% and 55%, respectively. "I am very pleased with our financial performance in the third quarter with overall sales growing 3.5% year over year, led by strong growth in our Cloud & Edge secure communications business. Gross Margin exceeded expectations with a positive mix of product sales and good execution from our Professional Services team, resulting in profitability at the high end of our guidance range," stated Bruce McClelland , President and Chief Executive Officer of Ribbon Communications. Mr. McClelland added, "We expect this momentum to continue into the fourth quarter and into 2025 as we continue to ramp voice modernizat
Show less
Read more
Impact Snapshot
Event Time:
RBBN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RBBN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RBBN alerts
High impacting Ribbon Communications Inc. news events
Weekly update
A roundup of the hottest topics
RBBN
News
- Close to 90% of people have never heard of 'robocalls'PR Newswire
- Ribbon Completes Major Optical DWDM Deployment for Bharti AirtelPR Newswire
- Ribbon Completes Major Optical DWDM Deployment for Bharti AirtelPR Newswire
- Ribbon Completes Major Optical DWDM Deployment for Bharti AirtelPR Newswire
- Are Investors Undervaluing Ribbon Communications Inc. (NASDAQ:RBBN) By 46%? [Yahoo! Finance]Yahoo! Finance
RBBN
Earnings
- 10/23/24 - Beat
RBBN
Sec Filings
- 11/4/24 - Form 3
- 10/28/24 - Form S-8
- 10/24/24 - Form 10-Q
- RBBN's page on the SEC website