Ribbon Communications to Present at Upcoming Investor Conferences
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PLANO, Texas, May 11, 2021 /PRNewswire/
Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications software and IP optical transport solutions to service providers, enterprises, and critical infrastructure sectors, today announced that it will be presenting at the following virtual investor conferences:
J.P. Morgan Global Technology, Media and Communications Conference, being held May 24-26, 2021. Bruce McClelland, President and Chief Executive Officer, and Mick Lopez, Chief Financial Officer, will be hosting a fireside chat and question and answer session at 9:30am Eastern Time on Tuesday, May 25.
Operator
Greetings and welcome to the Ribbon Communications first-quarter 2021 financial results conference call.[Operator instructions]. Please note this conference is being recorded. I will now turn the conference over to your host Tom Berry, investor relations for Ribbon Communications. Thank you.
You may begin.
Investor Relations
Good afternoon, and welcome to Ribbon s first-quarter 2021 financial results conference call. I m Tom Berry, investor relations of Ribbon Communications. Also on the call today will be Bruce McClelland, Ribbon s chief executive officer; and Mick Lopez, Ribbon s chief financial officer. Today s call is being webcast live and will be archived on the Investor Relations section of our website at ribboncommunications.com, where both our press release and our supplemental slides are currently available.
Author Bio
Evan is a Senior Technology Analyst at The Motley Fool. He was previously a Senior Trading Specialist at Charles Schwab, and worked briefly at Tesla. Evan graduated from the University of Texas at Austin, and is a CFA charterholder. Follow @TMFNewCow
What happened
Shares of
Ribbon Communications (NASDAQ:RBBN) have tanked today, down by 13% as of 10:50 a.m. EDT, after the company reported first-quarter earnings. The results were mostly in line with expectations, but guidance for the second quarter came in a little light.
So what
Revenue in Q1 was $192.8 million, just shy of the $193.5 million in sales that analysts were expecting. That translated into adjusted earnings per share of $0.03, beating the consensus estimate of $0.02 per share in adjusted profits. The communications technology company noted that some of its revenue growth was attributable to its acquisition of ECI Telecom in March of last year.
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PLANO, Texas, April 28, 2021 /PRNewswire/
Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real-time communications software and IP optical transport solutions to service providers, enterprises, and critical infrastructure sectors, today announced its financial results for the first quarter of 2021.
Revenue for the first quarter of 2021 was $193 million, compared to $158 million for the first quarter of 2020, an increase of 22%. This includes a $37 million year over year revenue increase related to acquisition of ECI Telecom Group Ltd. ( ECI ), which closed on March 3, 2020. We are off to a good start in 2021 with first quarter results in line with our expectations, and we are particularly pleased with our Adjusted EBITDA exceeding our guidance range and earnings per share at the high end of the range, noted Bruce McClelland, President and Chief Executive Officer of Ribbon Communications. We look forward to building on this success as
Ribbon Communications, valued at over $1B, quietly relocated its HQ to Plano from Boston area bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.