Company sees Q3 2026 revenue between $215 mln and $230 mln
Ribbon expects full-year 2026 revenue of $810 mln to $840 mln
Company projects Q3 and full-year non-GAAP gross margin of 51% to 52%
Result drivers
IP Optical bookings - Company said record quarterly bookings in IP Optical Networks, led by growth in North America, drove sequential revenue improvement
Enterprise wins - Company cited large enterprise momentum, including a major Microsoft Teams Voice deployment and partnership with Salesforce for Agentforce Contact Center
Improved execution - CFO said improved execution and healthy customer demand across most markets supported financial results
Analyst coverage and valuation
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the communications & networking peer group is "buy"
Wall Street's median 12-month price target for Ribbon Communications Inc is $4.00, about 96.1% above its July 27 closing price of $2.04
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 14 three months ago
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