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Ribbon Communications (RBBN)
:RBBN
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0Last Year’s EPS
-0.01Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 12, 2025
|% Change Since: 16.86%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Positive
Ribbon Communications reported a strong financial performance for Q4 2024, with record-breaking revenue and significant growth in its Cloud & Edge segment driven by network modernization projects and international expansion. However, the company faced challenges in its IP Optical segment and the suspension of shipments to Eastern Europe, impacting revenue. Despite these challenges, the overall outlook remains positive with strong momentum across most business areas.Company Guidance
During the Ribbon Communications fourth quarter and full year 2024 financial results conference call, the company reported strong performance across key financial metrics. Revenue for the fourth quarter reached $251 million, an 11% increase year-over-year, while full-year revenue was $834 million, marking a 1% increase. The company achieved a record non-GAAP gross margin of 58.1% in the fourth quarter and 55.9% for the year, driven by improvements in both business segments. Notably, Cloud & Edge sales grew by 35% year-over-year in the quarter, with a significant 80% growth from Verizon's voice network modernization project. Overall profitability increased by 30% year-over-year, with adjusted EBITDA reaching $119 million for the full year. The company also reported a healthy cash position, closing the year with $90 million. Looking ahead, Ribbon projects 2025 revenue between $870 million and $890 million, with a strong emphasis on network modernization and fiber network investments driving future growth.Record-Breaking Revenue and Growth
Ribbon Communications reported the highest levels of revenue and earnings in its history, with a revenue increase of 11% year-over-year for Q4 2024 and a record adjusted EBITDA of $55 million, up 30% from the prior year.
Strong Cloud & Edge Segment Performance
Cloud & Edge sales increased by 35% year-over-year in Q4 2024. The segment saw robust growth, with US federal agency sales increasing by almost 150% year-over-year.
Successful Network Modernization Projects
The Verizon voice network modernization project contributed significantly to revenue, accounting for 17% of overall company revenue in Q4 2024, with sales growing 80% in the second half of the year.
International Expansion
Strong growth was reported in India and the Asia Pacific region, with sales increasing 30% quarter-over-quarter and 60% year-over-year in Asia Pacific.
Improved Financial Metrics
The company ended 2024 with a strong cash balance of $90 million and free cash flow of $54 million in Q4. Gross margin for the full year improved by 280 basis points to 55.9%.
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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 |
|---|---|---|---|
| Feb 12, 2025 | $4.33 | $5.00 | +15.47% |
| 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% |
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 (RBBN) report earnings?
Ribbon Communications (RBBN) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Ribbon Communications (RBBN) earnings time?
Ribbon Communications (RBBN) earnings time is at Apr 23, 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 2025 (Q1) is 0.
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