|Over a week ago|
Ribbon Communications names Bruce McClelland as CEO » 16:2102/1902/19/20
Ribbon Communications (RBBN) announced that Bruce McClelland has been appointed as its President, CEO and a director, effective on or around March 1. McClelland has served in numerous leadership roles throughout his three-decades long career, which includes twenty years at ARRIS International where he most recently served as its CEO and led the sale of ARRIS to CommScope (COMM) for $7.4B in April 2019.
Ribbon Communications sees 'low single-digit revenue growth in 2020' » 16:1902/1902/19/20
FY20 consensus $544.7M.…
FY20 consensus $544.7M. "Our full year 2019 Adjusted EBITDA grew 39 percent year-over-year to $86 million, and we generated positive cash flow from operations of $56 million," said Daryl Raiford, CFO. "For full year 2020, we expect continued growth in profitability and cash flow with our outlook for Adjusted EBITDA to be between $90 million and $95 million, excluding the pending ECI acquisition. We expect low single-digit revenue growth in 2020 compared with 2019 and believe that quarterly seasonality in 2020 will be comparable to 2019."
Ribbon Communications reports Q4 adjusted EPS 27c, consensus 29c » 16:1802/1902/19/20
Reports Q4 revenue $161M,…
Reports Q4 revenue $161M, consensus $169.9M.
|Over a month ago|
Ribbon Communications expands collaboration with Amazon Web Services » 08:1512/1612/16/19
Ribbon Communications (RBBN) announced that it has expanded its collaboration with Amazon Web Services (AMZN) to enable simplified forwarding of Voice over Internet Protocol audio streams to Amazon Chime Voice Connector by using Session Initiation Protocol-based Media Recording. Ribbon's industry-leading Session Border Controllers with SIPREC capabilities now support Amazon Chime Voice Connector with a tested solution for AWS customers by forwarding audio streams to AWS for real-time analytics.
|Over a quarter ago|
Ribbon Communications management to meet with Needham » 10:0811/2111/21/19
Meeting to be held in New…
Meeting to be held in New York on November 21 hosted by Needham.
Fly Intel: Wall Street's top stories for Thursday » 17:3611/1411/14/19
WMT, CSCO, AAPL, AOBC, TSLA, AXNX, DDS, NTAP, RBBN, CGC, WB
The major averages all…
Ribbon Communications downgraded to Neutral from Buy at National Securities » 13:1311/1411/14/19
National Securities analyst Matthew Galinko downgraded Ribbon Communications to Neutral from Buy with a price target of $3.50, down from $8. The analyst said the acquisition of ECI Telecom Group will take multiple quarters to show benefits while the CEO transition adds to uncertainty.
Fly Intel: Wall Street's top stories at midday » 12:0411/1411/14/19
WMT, CSCO, AXNX, DDS, NTAP, RBBN, CGC, WB
The Dow and S&P…
Ribbon Communications announces departure of CEO Franklin Hobbs » 09:0111/1411/14/19
Ribbon Communications announced the departure of its President and CEO Franklin Hobbs, effective November 14. The Board has appointed Steven Bruny, Executive Vice President, Global Sales and Services, and Kevin Riley, Executive Vice President and Chief Technology Officer, as Interim Co-Presidents and CEOs. Bruny and Riley will assume Hobbs' duties while Ribbon's Board of Directors works with One Degree Partners, a leading global executive search firm, to recruit a new CEO for Ribbon.
Ribbon Communications trading resumes 09:0011/1411/14/19