Ribbon Communications Sees Q3 2024 Continued Sequential Growth Of $205M-$220M
Portfolio Pulse from Benzinga Newsdesk
Ribbon Communications projects continued sequential growth for Q3 2024 with revenue expected between $205M and $220M, non-GAAP gross margin between 53% and 53.5%, and adjusted EBITDA between $25M and $30M. Full-year 2024 targets have been adjusted to revenue between $830M and $850M, non-GAAP gross margin between 54% and 54.5%, and adjusted EBITDA between $105M and $115M.
July 24, 2024 | 8:38 pm
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Ribbon Communications projects strong sequential growth for Q3 2024 with revenue expected between $205M and $220M, non-GAAP gross margin between 53% and 53.5%, and adjusted EBITDA between $25M and $30M. Full-year 2024 targets have been adjusted to revenue between $830M and $850M, non-GAAP gross margin between 54% and 54.5%, and adjusted EBITDA between $105M and $115M.
The positive projections for Q3 2024 and the adjusted full-year 2024 targets indicate strong performance and growth potential for Ribbon Communications. This is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100