Ribbon Communications Posts Q2 Loss of 15c/Shr, Extending Red Ink
RBBN is trading near its 52-week low of $1.8 (8.3% above the low).
Summary
Ribbon Communications reported a Q2 loss of 15 cents per share, deepening its string of quarterly losses. The company posted Q2 revenue of $192.3 million and continues to see sequential revenue growth for the balance of the year. It provided Q3 revenue guidance of $215 million to $230 million and full-year 2026 revenue guidance of $810 million to $840 million. The Q2 loss extends a negative trend, following a wider Q1 loss and a debt covenant waiver secured in May, signaling financial strain. With a market cap around $361 million and shares at $1.95, persistent losses could pressure the stock and covenant compliance.
At the time of this announcement, RBBN was trading at $1.95 on NASDAQ in the Technology sector, with a market capitalization of approximately $361.1M. The 52-week trading range was $1.80 to $4.24. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.