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Ribbon Communications Inc (RBBN)
NASDAQ:RBBN
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.12Last Year’s EPS
0.12Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2018
|% Change Since: 13.70%
|Next Earnings Date:Jul 31, 2018
Earnings Call Sentiment|Positive
The earnings call highlights several positive trends, including strong growth in the Cloud & Edge business, significant success in the U.S. federal and defense industry, and increased revenue from key projects like Verizon. However, challenges remain with the IP Optical sales decline, cash flow issues, and increased interest expenses. Overall, the sentiment is cautiously optimistic with a positive outlook for the future, driven by strategic successes and growth opportunities.Company Guidance
During the Ribbon Communications Third Quarter 2024 Earnings Call, the company provided guidance for the fourth quarter of 2024, projecting revenue between $235 million and $255 million, reflecting an anticipated year-over-year growth of approximately 8% at the midpoint. Non-GAAP gross margins are expected to be in the range of 55.5% to 56%, with non-GAAP adjusted EBITDA projected between $46 million and $52 million. For the full year 2025, Ribbon aims for mid-single-digit revenue growth, despite a reduction in sales to Eastern Europe, and expects to maintain operating expenses, allowing for double-digit earnings growth. The company highlighted significant opportunities in network modernization, particularly with U.S. federal and defense sectors, and robust performance in the U.S. rural broadband market, alongside challenges and opportunities presented by competitive shifts in the industry.Cloud & Edge Business Growth
Cloud & Edge revenue in Q3 was $128 million, up 11% year-over-year and 16% quarter-over-quarter. Non-GAAP gross margin neared an all-time high at 68%, and non-GAAP adjusted EBITDA contribution grew 20% year-over-year to $38 million.
U.S. Federal and Defense Industry Success
Sales in the federal and defense industry grew 60% year-to-date compared to 2023, accounting for 13% of overall sales. Notable projects include modernizing the U.S. federal softswitch backbone.
Strong IP Optical Performance in the U.S.
Revenue in the U.S. for the IP Optical segment increased more than 100% both quarter-over-quarter and year-over-year, accounting for over 20% of IP Optical sales.
Verizon Project
Sales to Verizon increased substantially, reaching 15% of overall company sales. The revenue run rate is now exceeding $100 million per year with Verizon.
Q3 Overall Financial Performance
Overall sales were $210 million, increasing 3.5% year-over-year and 9% quarter-over-quarter. Adjusted non-GAAP EBITDA was $30 million. Non-GAAP gross margin was 55%, exceeding expectations.
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RBBN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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RBBN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $3.43 | $3.71 | +8.16% |
| Jul 24, 2024 | $3.89 | $3.22 | -17.22% |
| Apr 24, 2024 | $2.57 | $3.25 | +26.46% |
| Feb 14, 2024 | $3.20 | $3.43 | +7.19% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ribbon Communications Inc (RBBN) report earnings?
Ribbon Communications Inc (RBBN) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is Ribbon Communications Inc (RBBN) earnings time?
Ribbon Communications Inc (RBBN) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RBBN EPS forecast?
RBBN EPS forecast for the fiscal quarter 2024 (Q4) is 0.12.
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