ribbon communications (nasdaq: rbbn) delivers communications software, ip and optical networking solutions to service providers, enterprises and critical infrastructure sectors globally. we engage deeply with our customers, helping them modernize their networks for improved competitive positioning and business outcomes in today's smart, always-on and data-hungry world. our innovative, end-to-end solutions portfolio delivers unparalleled scale, performance, and agility, including core to edge software-centric solutions, cloud-native offers, leading-edge security and analytics tools, along with ip and optical networking solutions for 5g. to learn more about ribbon visit rbbn.com.
Company profile
Ticker
RBBN
Exchange
Website
CEO
Bruce McClelland
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Solstice Sapphire Investments, Inc., Sonus Networks, Inc.
SEC CIK
Corporate docs
Subsidiaries
Network Equipment Technologies, Inc. • Ribbon Communications Operating Company, Inc. • Ribbon Communications Federal Inc. • Sonus Networks, Inc. • GENBAND Inc. • ECI de Argentina S.A. • Ribbon Communications Australia Pty Ltd • Ribbon Communications do Brasil Ltda. • Ribbon Communications Canada ULC • Ribbon Networks Communications Chile Limitada ...
RBBN stock data
Latest filings (excl ownership)
8-K
Shareholder Nominations Pursuant to Exchange Act Rule 14a-11
13 Mar 24
10-K
2023 FY
Annual report
28 Feb 24
8-K
Ribbon Communications Inc. Reports Fourth Quarter and Full Year 2023 Financial Results
14 Feb 24
10-Q
2023 Q3
Quarterly report
26 Oct 23
8-K
Ribbon Communications Inc. Reports Third Quarter 2023 Financial Results
25 Oct 23
8-K
Amendments to Articles of Incorporation or Bylaws
4 Aug 23
10-Q
2023 Q2
Quarterly report
27 Jul 23
8-K
Ribbon Communications Inc. Reports Second Quarter 2023 Financial Results
26 Jul 23
DEF 14A
Definitive proxy
20 Jun 23
PRE 14A
Preliminary proxy
6 Jun 23
Transcripts
RBBN
Earnings call transcript
2023 Q4
14 Feb 24
RBBN
Earnings call transcript
2023 Q3
25 Oct 23
RBBN
Earnings call transcript
2023 Q2
26 Jul 23
RBBN
Earnings call transcript
2023 Q1
26 Apr 23
RBBN
Earnings call transcript
2022 Q4
15 Feb 23
RBBN
Earnings call transcript
2022 Q3
26 Oct 22
RBBN
Earnings call transcript
2022 Q2
28 Jul 22
RBBN
Earnings call transcript
2022 Q1
28 Apr 22
RBBN
Earnings call transcript
2021 Q4
17 Feb 22
RBBN
Earnings call transcript
2021 Q3
28 Oct 21
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 24.50 mm | 24.50 mm | 24.50 mm | 24.50 mm | 24.50 mm | 24.50 mm |
Cash burn (monthly) | 3.38 mm | 2.62 mm | 2.97 mm | 5.68 mm | 3.88 mm | (no burn) |
Cash used (since last report) | 20.12 mm | 15.58 mm | 17.66 mm | 33.81 mm | 23.05 mm | n/a |
Cash remaining | 4.38 mm | 8.92 mm | 6.84 mm | -9.31 mm | 1.45 mm | n/a |
Runway (months of cash) | 1.3 | 3.4 | 2.3 | -1.6 | 0.4 | n/a |
Institutional ownership, Q3 2023
86.8% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 121 |
Opened positions | 11 |
Closed positions | 15 |
Increased positions | 44 |
Reduced positions | 45 |
13F shares | Current |
---|---|
Total value | 325.45 bn |
Total shares | 148.98 mm |
Total puts | 28.50 k |
Total calls | 13.50 k |
Total put/call ratio | 2.1 |
Largest owners | Shares | Value |
---|---|---|
JPM JPMorgan Chase & Co. | 51.60 mm | $138.28 bn |
Swarth Investments | 27.44 mm | $92.46 mm |
Neuberger Berman | 18.89 mm | $50.66 bn |
Paradigm Capital Management | 7.50 mm | $20.09 bn |
BLK Blackrock | 7.26 mm | $19.46 bn |
Vanguard | 6.86 mm | $18.39 bn |
Dimensional Fund Advisors | 4.92 mm | $13.19 bn |
Putnam Investments | 1.99 mm | $5.34 bn |
Geode Capital Management | 1.92 mm | $5.15 bn |
First Wilshire Securities Management | 1.76 mm | $4.73 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Mar 24 | Sam Bucci | Common Stock | Payment of exercise | Dispose F | No | No | 2.83 | 5,900 | 16.70 k | 270,920 |
15 Mar 24 | Sam Bucci | Common Stock | Option exercise | Acquire M | No | No | 0 | 3,059 | 0.00 | 276,820 |
15 Mar 24 | Sam Bucci | Common Stock | Option exercise | Acquire M | No | No | 0 | 7,965 | 0.00 | 273,761 |
15 Mar 24 | Sam Bucci | Performance Stock Units (PSUs) Common Stock | Option exercise | Dispose M | No | No | 0 | 3,059 | 0.00 | 0 |
15 Mar 24 | Sam Bucci | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 7,965 | 0.00 | 0 |
15 Mar 24 | Macken Patrick W | Common Stock | Payment of exercise | Dispose F | No | No | 2.83 | 3,735 | 10.57 k | 169,237 |
15 Mar 24 | Macken Patrick W | Common Stock | Option exercise | Acquire M | No | No | 0 | 3,059 | 0.00 | 172,972 |
15 Mar 24 | Macken Patrick W | Common Stock | Option exercise | Acquire M | No | No | 0 | 7,965 | 0.00 | 169,913 |
15 Mar 24 | Macken Patrick W | Performance Stock Units (PSUs) Common Stock | Option exercise | Dispose M | No | No | 0 | 3,059 | 0.00 | 0 |
15 Mar 24 | Macken Patrick W | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 7,965 | 0.00 | 0 |
News
Recap: Ribbon Comms Q4 Earnings
14 Feb 24
Ribbon Comms Q4 2023 Adj EPS $0.12 Misses $0.13 Estimate, Sales $226.40M Miss $234.76M Estimate
14 Feb 24
Earnings Scheduled For February 14, 2024
14 Feb 24
Ribbon Comms's Earnings: A Preview
13 Feb 24
Ribbon's IP Optical Solutions Selected By American Electric Power For Supply Chain Reliability And Enhanced Network Capabilities
8 Feb 24
Press releases
Ribbon Named to Newsweek's Greatest Workplaces for Women 2024
23 Feb 24
Ribbon Communications Inc. Reports Fourth Quarter and Full Year 2023 Financial Results
14 Feb 24
Ribbon Awarded US Military Branch Voice Modernization Project
13 Feb 24
Ribbon's IP Optical Solutions Selected by American Electric Power for Supply Chain Reliability and Enhanced Network Capabilities
8 Feb 24
Ribbon Communications to Report Fourth Quarter and Full Year 2023 Financial Results on February 14, 2024
31 Jan 24