Craft

Ribbon

Stock Price

$3

2024-04-05

Market Capitalization

$515.7 M

2024-04-05

Revenue

$826.3 M

FY, 2023

Ribbon Summary

Company Summary

Overview
Ribbon Communications (formerly known as Sonus Networks) is a company providing communications software and network solutions to service providers, enterprises, and critical infrastructure sectors. It operates in two business segments: Cloud and Edge and IP Optical Networks. The Cloud and Edge segment provides software and hardware products and services for VoIP communications, voice over LTE (VoLTE), and voice over 5G (VoNR) communications. The IP Optical Networks segment delivers hardware and software products for IP networking, switching, and routing, and optical transport. The company was formed as a result of a merger between Sonus Networks and GENBAND.
Type
Public
Status
Active
Founded
2017
HQ
Plano, TX, US | view all locations
Website
https://ribboncommunications.com/
Cybersecurity rating
ESG rating
50-59 out of 100|View all ESG data
Sectors

Key People

  • Bruce McClelland

    Bruce McClelland, President, CEO & Director

  • Miguel Lopez

    Miguel Lopez, EVP, Chief Financial Officer

  • Patrick MacKen

    Patrick MacKen, EVP, Chief Legal Officer

  • Sam Bucci

    Sam Bucci, EVP, Chief Operating Officer

Operating MetricsView all

Patents (US)

639
5.4%

FY, 2020

Patent Applications (US)

64
34.7%

FY, 2020

Trademarks (US)

34
17.1%

FY, 2020

LocationsView all

49 locations detected

  • Plano, TX HQ

    United States

    6500 Chase Oaks Blvd #100

  • Fort Lauderdale, FL

    United States

    5100 NW 33rd Ave # 150

  • Freehold, NJ

    United States

    3 Paragon Way

  • Morrisville, NC

    United States

    5927 S Miami Blvd #150

  • San Jose, CA

    United States

    5225 Hellyer Ave

  • Schaumburg, IL

    United States

    1821 Walden Office Square #200

and 43 others

Ribbon Financials

Summary Financials

Revenue (FY, 2023)
$826.3M
Gross profit (FY, 2023)
$408.1M
Net income (FY, 2023)
($66.2M)
Cash (FY, 2023)
$26.6M
EBIT (FY, 2023)
($24.3M)
Enterprise value
$721.6M

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