RBBN Chart
About

Ribbon Communications Inc. provides communications technology in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. It operates through two segments, Cloud and Edge, and IP Optical Networks. The Cloud and Edge segment provides software and hardware products, solutions, and services for voice over internet protocol communications, voice over long-term evolution, and voice over 5G communications, and unified communications and collaboration. It also offers session border controllers; and network transformation products, such as call controllers, media gateways, and application servers. This segment serves private, public, hybrid cloud infrastructures, as well as data centers, enterprise premises, and service provider networks. The IP Optical Networks segment provides hardware and software products and solutions for IP networking, switching, routing, and optical transport for technologies comprising 5G, distributed cloud computing, and corresponding applications. It also offers multiple solutions, including 5G-native solutions for mobile-backhaul, metro and edge aggregation, core networking, data center interconnect, multi-service access, and transport solutions for wholesale carriers. This segment serves utilities, government, defense, finance, transportation, and education and research industries, as well as service providers and enterprises. 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 Plano, Texas.

Fundamentals
Scroll to Statements
Sector Technology Industry Software - Application Market Cap 397.35M
Enterprise Value 703.84M Income 39.64M Sales 844.56M
Book/sh 2.55 Cash/sh 0.55 Dividend Yield
Payout 0.00% Employees 3080 IPO
P/E 10.23 Forward P/E 9.68 PEG
P/S 0.47 P/B 0.88 P/C
EV/EBITDA 8.63 EV/Sales 0.83 Quick Ratio 1.04
Current Ratio 1.44 Debt/Eq 90.23 LT Debt/Eq
EPS (ttm) 0.22 EPS next Y 0.23 EPS Growth 12.71%
Revenue Growth -9.60% Earnings 2026-04-28 ROA 1.09%
ROE 9.29% ROIC Gross Margin 52.22%
Oper. Margin 8.25% Profit Margin 4.69% Shs Outstand 175.60M
Shs Float 91.04M Short Float 3.97% Short Ratio 3.87
Short Interest 52W High 4.31 52W Low 1.80
Beta 1.08 Avg Volume 841.85K Volume 985.44K
Target Price $3.65 Recom None Prev Close $2.19
Price $2.25 Change 2.74%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$3.65
Mean price target
2. Current target
$2.25
Latest analyst target
3. DCF / Fair value
$4.32
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$2.25
Low
$2.90
High
$4.00
Mean
$3.65

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-06 main Citizens Market Outperform → Market Outperform $4
2026-02-06 main Rosenblatt Buy → Buy $4
2025-10-23 main Rosenblatt Buy → Buy $6
2025-09-11 main Rosenblatt Buy → Buy $6
2025-07-24 main Rosenblatt Buy → Buy $6
2025-04-30 main B. Riley Securities Buy → Buy $6
2025-04-30 main Rosenblatt Buy → Buy $6
2025-02-13 reit JMP Securities Market Outperform → Market Outperform $6
2024-12-30 main Rosenblatt Buy → Buy $6
2024-12-19 main Northland Capital Markets Outperform → Outperform $6
2024-09-25 main Rosenblatt Buy → Buy $5
2024-07-25 main Rosenblatt Buy → Buy $5
2024-07-11 init Rosenblatt — → Buy $5
2024-04-25 main B. Riley Securities Buy → Buy $7
2023-10-26 main B. Riley Securities Buy → Buy $6
2023-07-27 reit JMP Securities Market Outperform → Market Outperform $6
2023-07-19 init Craig-Hallum — → Buy $6
2023-05-23 reit JMP Securities Market Outperform → Market Outperform $6
2023-04-27 reit JMP Securities — → Market Outperform $6
2023-04-10 init JMP Securities — → Market Outperform $6
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 37000 74307.0 Purchase at price 1.98 - 2.06 per share. MCCLELLAND BRUCE WILLIAM Chief Executive Officer 2026-02-13 00:00:00 D
1 9548 Stock Award(Grant) at price 0.00 per share. SHANI SHAUL Director 2026-01-15 00:00:00 D
2 11718 Stock Award(Grant) at price 0.00 per share. GRAYSON BRUNS H Director 2026-01-15 00:00:00 D
3 25816 nan BUCCI SAM Chief Operating Officer 2025-10-17 00:00:00 D
4 20652 nan MACKEN PATRICK W Officer 2025-10-17 00:00:00 D
5 34421 nan MCCLELLAND BRUCE WILLIAM Chief Executive Officer 2025-10-17 00:00:00 D
6 128205 nan TOWNSEND JOHN RAYMOND Chief Financial Officer 2025-10-15 00:00:00 D
7 75000 nan MARMUREK ERIC S Officer 2025-10-15 00:00:00 D
8 7236 Stock Award(Grant) at price 0.00 per share. SHANI SHAUL Director 2025-10-15 00:00:00 D
9 8881 Stock Award(Grant) at price 0.00 per share. GRAYSON BRUNS H Director 2025-10-15 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-5.04M-2.13M-4.34M-2.21M
TaxRateForCalcs0.210.210.210.13
NormalizedEBITDA84.73M62.64M63.63M783.00K
TotalUnusualItems-24.00M-10.16M-20.68M-17.12M
TotalUnusualItemsExcludingGoodwill-24.00M-10.16M-20.68M-17.12M
NetIncomeFromContinuingOperationNetMinorityInterest39.64M-54.23M-66.21M-98.08M
ReconciledDepreciation60.92M64.40M71.00M76.48M
ReconciledCostOfRevenue386.78M355.94M375.86M371.99M
EBITDA60.74M52.48M42.94M-16.34M
EBIT-185.00K-11.92M-28.05M-92.82M
NetInterestIncome-44.01M-33.82M-27.32M-19.78M
InterestExpense44.92M34.15M27.32M19.78M
InterestIncome913.00K328.00K337.00K232.00K
NormalizedIncome58.59M-46.21M-49.86M-83.17M
NetIncomeFromContinuingAndDiscontinuedOperation39.64M-54.23M-66.21M-98.08M
TotalExpenses823.88M806.85M829.94M850.97M
TotalOperatingIncomeAsReported-3.32M16.87M-24.29M-48.32M
DilutedAverageShares179.82M174.04M170.41M156.67M
BasicAverageShares176.20M174.04M170.41M156.67M
DilutedEPS0.22-0.31-0.39-0.63
BasicEPS0.22-0.31-0.39-0.63
DilutedNIAvailtoComStockholders39.64M-54.23M-66.21M-98.08M
NetIncomeCommonStockholders39.64M-54.23M-66.21M-98.08M
NetIncome39.64M-54.23M-66.21M-98.08M
NetIncomeIncludingNoncontrollingInterests39.64M-54.23M-66.21M-98.08M
NetIncomeContinuousOperations39.64M-54.23M-66.21M-98.08M
TaxProvision-84.75M8.17M10.83M-14.52M
PretaxIncome-45.11M-46.07M-55.37M-112.60M
OtherIncomeExpense-21.77M-39.28M-24.45M-61.61M
OtherNonOperatingIncomeExpenses2.23M-29.12M-3.77M-44.49M
SpecialIncomeCharges-24.00M-10.16M-20.68M-17.12M
ImpairmentOfCapitalAssets0.000.00116.00M
RestructuringAndMergernAcquisition24.00M10.16M20.68M17.12M
NetNonOperatingInterestIncomeExpense-44.01M-33.82M-27.32M-19.78M
InterestExpenseNonOperating44.92M34.15M27.32M19.78M
InterestIncomeNonOperating913.00K328.00K337.00K232.00K
OperatingIncome20.67M27.03M-3.60M-31.20M
OperatingExpense400.04M412.48M411.68M432.14M
DepreciationAmortizationDepletionIncomeStatement23.85M25.97M28.60M29.65M
DepreciationAndAmortizationInIncomeStatement23.85M25.97M28.60M29.65M
Amortization23.85M25.97M28.60M29.65M
AmortizationOfIntangiblesIncomeStatement23.85M25.97M28.60M29.65M
ResearchAndDevelopment178.87M179.94M190.66M203.68M
SellingGeneralAndAdministration197.31M206.57M192.42M198.82M
SellingAndMarketingExpense133.07M137.83M137.46M147.77M
GeneralAndAdministrativeExpense64.24M68.74M54.96M51.05M
OtherGandA64.24M68.74M54.96M51.05M
GrossProfit420.71M439.51M408.08M400.94M
CostOfRevenue423.85M394.37M418.26M418.82M
TotalRevenue844.56M833.88M826.34M819.76M
OperatingRevenue844.56M833.88M826.34M819.76M
Line Item2025-12-312024-12-312023-12-312022-12-31
OrdinarySharesNumber175.78M175.60M172.08M168.32M
ShareIssued175.78M175.60M172.08M168.32M
NetDebt236.87M249.08M206.09M259.07M
TotalDebt405.13M383.67M287.03M387.93M
TangibleBookValue4.76M-83.81M-86.22M-77.19M
InvestedCapital782.27M741.47M685.35M844.75M
WorkingCapital139.01M134.79M77.64M147.49M
NetTangibleAssets4.76M-83.81M-86.22M-77.19M
CapitalLeaseObligations71.86M46.82M54.45M61.60M
CommonStockEquity448.99M404.62M452.76M518.43M
TotalCapitalization773.52M735.35M650.25M824.70M
TotalEquityGrossMinorityInterest448.99M404.62M452.76M518.43M
StockholdersEquity448.99M404.62M452.76M518.43M
GainsLossesNotAffectingRetainedEarnings6.57M8.08M13.79M30.59M
OtherEquityAdjustments6.57M8.08M13.79M30.59M
RetainedEarnings-1.53B-1.57B-1.52B-1.45B
AdditionalPaidInCapital1.98B1.97B1.96B1.94B
CapitalStock18.00K18.00K17.00K17.00K
CommonStock18.00K18.00K17.00K17.00K
PreferredStock0.000.00
TotalLiabilitiesNetMinorityInterest763.26M757.93M691.39M737.14M
TotalNonCurrentLiabilitiesNetMinorityInterest447.79M429.06M350.32M406.64M
OtherNonCurrentLiabilities23.80M25.96M30.66M31.19M
PreferredSecuritiesOutsideStockEquity0.0053.34M0.00
DerivativeProductLiabilities1.92M8.06M5.29M0.00
NonCurrentDeferredLiabilities37.38M26.93M24.83M23.00M
NonCurrentDeferredRevenue31.65M20.99M19.22M19.25M
NonCurrentDeferredTaxesLiabilities5.73M5.94M5.62M3.75M
LongTermDebtAndCapitalLeaseObligation384.68M368.10M236.19M352.45M
LongTermCapitalLeaseObligation60.16M37.38M38.71M46.18M
LongTermDebt324.52M330.73M197.48M306.27M
CurrentLiabilities315.47M328.87M341.07M330.49M
CurrentDeferredLiabilities124.42M119.30M113.38M113.94M
CurrentDeferredRevenue124.42M119.30M113.38M113.94M
CurrentDebtAndCapitalLeaseObligation20.45M15.57M50.84M35.47M
CurrentCapitalLeaseObligation11.70M9.44M15.74M15.42M
CurrentDebt8.75M6.12M35.10M20.06M
OtherCurrentBorrowings8.75M6.12M35.10M20.06M
PensionandOtherPostRetirementBenefitPlansCurrent37.86M44.95M33.68M25.99M
PayablesAndAccruedExpenses132.74M149.06M143.17M155.09M
CurrentAccruedExpenses47.36M54.94M49.62M51.12M
Payables85.38M94.12M93.55M103.96M
TotalTaxPayable5.54M6.36M8.38M8.15M
AccountsPayable79.84M87.76M85.16M95.81M
TotalAssets1.21B1.16B1.14B1.26B
TotalNonCurrentAssets757.77M698.89M725.43M777.58M
OtherNonCurrentAssets27.42M26.57M35.09M38.59M
NonCurrentDeferredAssets174.32M88.98M69.76M53.65M
NonCurrentDeferredTaxesAssets174.32M88.98M69.76M53.65M
InvestmentsAndAdvances0.0043.93M
InvestmentinFinancialAssets43.93M
GoodwillAndOtherIntangibleAssets444.24M488.43M538.98M595.62M
OtherIntangibleAssets143.34M187.54M238.09M294.73M
Goodwill300.89M300.89M300.89M300.89M
NetPPE111.80M94.91M81.60M89.72M
AccumulatedDepreciation-133.83M-119.06M-109.87M-104.10M
GrossPPE245.62M213.97M191.47M193.82M
Leases59.23M54.85M36.38M35.45M
OtherProperties142.27M118.95M116.99M121.56M
MachineryFurnitureEquipment44.12M40.17M38.10M36.81M
Properties0.000.000.000.00
CurrentAssets454.49M463.66M418.72M477.99M
OtherCurrentAssets45.66M39.29M46.15M68.06M
RestrictedCash1.73M2.71M136.00K161.00K
Inventory78.81M79.18M77.52M75.42M
Receivables231.88M254.72M268.42M267.24M
AccountsReceivable231.88M254.72M268.42M267.24M
AllowanceForDoubtfulAccountsReceivable-1.34M-1.46M-1.51M-1.43M
GrossAccountsReceivable233.23M256.17M269.93M268.67M
CashCashEquivalentsAndShortTermInvestments96.41M87.77M26.49M67.26M
CashAndCashEquivalents96.41M87.77M26.49M67.26M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow26.06M27.37M7.61M-39.92M
RepurchaseOfCapitalStock-8.96M-56.85M0.000.00
RepaymentOfDebt-6.12M-281.25M-192.06M-119.28M
IssuanceOfDebt0.00386.41M97.00M73.62M
IssuanceOfCapitalStock0.000.0053.35M0.00
CapitalExpenditure-25.34M-22.87M-9.48M-13.55M
InterestPaidSupplementalData38.00M32.97M25.57M19.34M
IncomeTaxPaidSupplementalData11.95M29.28M18.88M16.99M
EndCashPosition98.13M90.48M26.63M67.26M
BeginningCashPosition90.48M26.63M67.26M106.48M
EffectOfExchangeRateChanges1.03M-1.23M-379.00K-1.65M
ChangesInCash6.62M65.08M-40.25M-37.57M
FinancingCashFlow-19.43M37.71M-47.86M931.00K
CashFlowFromContinuingFinancingActivities-19.43M37.71M-47.86M931.00K
NetOtherFinancingCharges-4.36M-10.62M-6.17M46.58M
ProceedsFromStockOptionExercised6.00K21.00K15.00K1.00K
NetPreferredStockIssuance0.00-56.85M53.35M0.00
PreferredStockPayments0.00-56.85M0.000.00
PreferredStockIssuance0.000.0053.35M0.00
NetCommonStockIssuance-8.96M0.000.000.00
CommonStockPayments-8.96M0.000.000.00
NetIssuancePaymentsOfDebt-6.12M105.16M-95.06M-45.65M
NetShortTermDebtIssuance0.000.000.00
ShortTermDebtPayments-97.00M-73.62M0.00
ShortTermDebtIssuance97.00M73.62M0.00
NetLongTermDebtIssuance-6.12M105.16M-95.06M-45.65M
LongTermDebtPayments-6.12M-281.25M-192.06M-119.28M
LongTermDebtIssuance0.00386.41M97.00M73.62M
InvestingCashFlow-25.34M-22.87M-9.48M-12.14M
CashFlowFromContinuingInvestingActivities-25.34M-22.87M-9.48M-12.14M
NetInvestmentPurchaseAndSale0.00
SaleOfInvestment0.00
NetBusinessPurchaseAndSale0.000.001.42M2.94M
SaleOfBusiness0.000.001.42M2.94M
PurchaseOfBusiness0.000.00
NetIntangiblesPurchaseAndSale0.00-462.00K-100.00K-3.30M
PurchaseOfIntangibles0.00-462.00K-100.00K-3.30M
NetPPEPurchaseAndSale-25.34M-22.41M-9.38M-10.25M
SaleOfPPE0.000.00
PurchaseOfPPE-25.34M-22.41M-9.38M-10.25M
OperatingCashFlow51.40M50.24M17.09M-26.36M
CashFlowFromContinuingOperatingActivities51.40M50.24M17.09M-26.36M
ChangeInWorkingCapital16.58M31.57M4.08M-50.33M
ChangeInOtherWorkingCapital15.79M7.69M-593.00K3.46M
ChangeInOtherCurrentAssets-564.00K30.46M34.83M2.11M
ChangeInPayablesAndAccruedExpense-18.91M-15.38M-25.18M-38.08M
ChangeInAccruedExpense-15.66M-9.37M-14.68M-37.63M
ChangeInPayable-3.26M-6.02M-10.50M-448.00K
ChangeInAccountPayable-3.26M-6.02M-10.50M-448.00K
ChangeInInventory234.00K-3.62M-10.70M-32.10M
ChangeInReceivables20.03M12.42M5.73M14.29M
ChangesInAccountReceivables20.03M12.42M5.73M14.29M
OtherNonCashItems2.80M8.99M8.72M2.31M
StockBasedCompensation19.41M16.09M21.81M18.71M
UnrealizedGainLossOnInvestmentSecurities0.000.0041.29M71.25M
AssetImpairmentCharge0.000.00116.00M
DeferredTax-85.60M-16.89M-9.20M-18.25M
DeferredIncomeTax-85.60M-16.89M-9.20M-18.25M
DepreciationAmortizationDepletion60.92M64.40M71.00M76.48M
DepreciationAndAmortization60.92M64.40M71.00M76.48M
AmortizationCashFlow44.19M50.86M56.89M61.19M
AmortizationOfIntangibles44.19M50.86M56.89M61.19M
Depreciation16.73M13.54M14.11M15.29M
OperatingGainsLosses-2.34M314.00K-13.12M1.51M
GainLossOnInvestmentSecurities-6.00M-5.43M-13.08M
NetForeignCurrencyExchangeGainLoss3.65M5.74M-44.00K1.58M
GainLossOnSaleOfBusiness0.000.00-62.00K-2.77M
NetIncomeFromContinuingOperations39.64M-54.23M-66.21M-98.08M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for RBBN
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status