William Blair Remains a Buy on Ribbon Communications Inc

By Jason Carr

In a report released today, Dmitry Netis from William Blair reiterated a Buy rating on Ribbon Communications Inc (NASDAQ: RBBN). The company’s shares opened today at $7.74.

Netis observed:

“We are republishing our fourth-quarter and out-year estimates for the combined entity , following the name change on November 28 to Ribbon Communications and given the new stock ticker (RBBN). There is no change to our estimates from our prior model published on October 30 (under the SONS ticker). Our quarterly earnings model includes two months of Genband revenue and costs in the fourth quarter and our forecast for the combined company through 2020. We also include a historical pro forma earnings model, reflecting combined revenue and income in 2016 and 2017.”

According to TipRanks.com, Netis is a 4-star analyst with an average return of 6.5% and a 53.5% success rate. Netis covers the Consumer Goods sector, focusing on stocks such as Acacia Communications, Juniper Networks, and Arista Networks.

Ribbon Communications Inc has an analyst consensus of Moderate Buy, with a price target consensus of $8.50.

Based on Ribbon Communications Inc’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $74.63 million and quarterly net profit of $3.45 million. In comparison, last year the company earned revenue of $65.01 million and had a GAAP net loss of $3.73 million.

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Ribbon Communications, Inc. offers session initiation protocol and long term evolution -based solutions, including voice over Internet protocol, voice over wireless fiber, video and unified communications to communications service providers and enterprises. Its products include portfolio of hardware based and virtualized session border controllers, diameter signaling controllers, policy and routing servers, media and signaling gateways, and mobility solutions, which can be deployed on-premises, in virtual environments, and in public and private clouds. The company was founded on May 19, 2017 and is headquartered in Westford, MA.