Stock Track | Ribbon Communications Inc. (RBBN) Soars 7.74% on Impressive Q4 Results and Promising Outlook

Stock Track

Feb 13, 2025

Ribbon Communications Inc. (RBBN) stock soared 7.74% in pre-market trading on Thursday, following the company's impressive fourth-quarter 2024 earnings report and positive outlook for the future.

The key driver behind the stock's surge was Ribbon Communications' record financial performance in Q4 2024. The company reported its highest-ever levels of revenue and earnings, fueled by strong sales growth in its cloud and edge portfolio. Sales of these products doubled year-over-year for US Tier One service providers and increased by more than 60% for global enterprises.

Additionally, Ribbon Communications secured significant new contracts during the quarter, including a cloud migration project with a European Tier One service provider and a new IMS Mobile Core win. These wins, coupled with a strong cash position and a bookings rate of 1.1 times sales, have positioned the company for continued growth in the coming year.

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(RBBN) Soars 7.74% on Impressive Q4 Results and Promising Outlook\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-02-13 22:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Ribbon Communications Inc. (RBBN) stock soared 7.74% in pre-market trading on Thursday, following the company's impressive fourth-quarter 2024 earnings report and positive outlook for the future.</p>\n\n<p>The key driver behind the stock's surge was Ribbon Communications' record financial performance in Q4 2024. The company reported its highest-ever levels of revenue and earnings, fueled by strong sales growth in its cloud and edge portfolio. Sales of these products doubled year-over-year for US Tier One service providers and increased by more than 60% for global enterprises.</p>\n\n<p>Additionally, Ribbon Communications secured significant new contracts during the quarter, including a cloud migration project with a European Tier One service provider and a new IMS Mobile Core win. These wins, coupled with a strong cash position and a bookings rate of 1.1 times sales, have positioned the company for continued growth in the coming year.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RBBN","symbol_name":"Ribbon Communications Inc.","start_time":0,"source_url":"","article_id":"1156233816","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1156233816","pubTimestamp":1739457311,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Ribbon Communications Inc.  stock soared 7.74% in pre-market trading on Thursday, following the company's impressive fourth-quarter 2024 earnings report and positive outlook for the future.The key driver behind the stock's surge was Ribbon Communications' record financial performance in Q4 2024. 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