RBBN Strengthens Thai Market Presence With Manufacturing Growth

Zacks11-21 03:12

Ribbon Communications RBBN has significantly expanded its presence in Thailand and solidified its role in the region. The company began manufacturing key IP Optical products in Thailand in 2023. These...

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These...</p>\n\n<a href=\"https://finance.yahoo.com/news/rbbn-strengthens-thai-market-presence-191200119.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>RBBN Strengthens Thai Market Presence With Manufacturing Growth</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRBBN Strengthens Thai Market Presence With Manufacturing Growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-21 03:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/rbbn-strengthens-thai-market-presence-191200119.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ribbon Communications RBBN has significantly expanded its presence in Thailand and solidified its role in the region. The company began manufacturing key IP Optical products in Thailand in 2023. These...</p>\n\n<a href=\"https://finance.yahoo.com/news/rbbn-strengthens-thai-market-presence-191200119.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1430594728.SGD","symbol_name":"Eastspring Investments - Global Low Volatility Equity AS SGD","start_time":0,"source_url":"https://finance.yahoo.com/news/rbbn-strengthens-thai-market-presence-191200119.html","article_id":"2485173988","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/LLxMtEURMfqQuMNFFNUDAA--~B/aD00Mzg7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/1badc0991ffddce728292dc73c9b14d4"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485173988","pubTimestamp":1732129920,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Ribbon Communications Inc. price-consensus-chart | Ribbon Communications Inc. Quote. RBBN’s Shares Up 32% Year to Date: Will the Momentum Last?Ribbon Communications’ shares have gained 32.1% year to date , outperforming the broader Zacks Computer & Technology sector’s 25.7% rise and the Zacks Communication - Network Software industry’s 27.1% growth.This growth can be attributed majorly to the expansion in the Cloud & Edge business, which grew 11% year over year and 16% sequentially.Sales to Verizon VZ increased considerably in the quarter, contributing 15% of RBBN’s total sales.Ribbon Communications’ outlook for the fourth quarter of 2024 projects 8% year-over-year sales growth, bolstered by strategic efforts such as expansion of its voice modernization programs with major carriers like Verizon and new federal defense agency contracts.Strong Product and Service Revenues Boost RBBN’s Prospects. Ribbon carries a Zacks Rank #3  currently.Better ranked stocks in the broade","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1430594728.SGD":"Eastspring Investments - Global Low Volatility Equity AS SGD","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","BK4559":"巴菲特持仓","BK4020":"通信设备","SG9999014898.SGD":"United Global Quality Growth Fund Dis SGD","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","BK4588":"碎股","BK4550":"红杉资本持仓","BK4115":"综合电信业务","LU2322448957.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMG\" (HKD) INC","LU0444971666.USD":"天利全球科技基金","SGXZ31699556.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"C\" (SGDHDG) ACC","LU2322448791.USD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMG\" (USD) INC","LU0225284248.USD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" ACC","IE00B5TLWC47.USD":"BNY MELLON LONG-TERM GLOBAL EQUITY \"B\" (USD) ACC","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","LU1815336760.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"AUP\" (USD) INC","LU0306807586.USD":"SCHRODER ISF GLOBAL DIVIDEND MAXIMISER \"A\" (USD) INC QF","SG9999014906.USD":"大华全球优质成长基金Acc USD","LU0957808578.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"ZU\" (USD) ACC","SG9999014914.USD":"UNITED GLOBAL QUALITY GROWTH (USDHDG) INC","LU0321505439.SGD":"Schroder ISF Global Dividend Maximiser A Acc SGD","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","BK4023":"应用软件","IE00BQXX3C00.GBP":"GUINNESS GLOBAL INNOVATORS \"C\" (GBP) ACC","BK4528":"SaaS概念","RBBN":"Ribbon Communications Inc.","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","IE00BZ199S13.USD":"BNY MELLON MOBILITY INNOVATION \"B\" (USD) ACC","LU0868494708.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC","LU1992135399.USD":"Allianz Global Intelligent Cities AT Acc USD","LU2272731782.SGD":"Allianz Global Intelligent Cities AM Dis H2-SGD","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  INC","BK4585":"ETF&股票定投概念","LU2272731600.USD":"Allianz Global Intelligent Cities AM Dis USD","DBX":"Dropbox Inc.","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","IE00BYQQ9H92.USD":"BNY MELLON GLOBAL LEADERS \"A\" (USD) ACC","VZ":"威瑞森","BK4533":"AQR资本管理(全球第二大对冲基金)","SG9999018865.SGD":"United Global Quality Growth Fd Cl Dist SGD-H","LU0985481810.HKD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" (HKD) INC M","LU0306806265.USD":"SCHRODER ISF GLOBAL DIVIDEND MAXIMISER \"A\" ACC","LU0225771236.USD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" (USD) INC MF","LU1992135472.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES \"AT\" (HKD) ACC","IE00BQXX3F31.USD":"GUINNESS GLOBAL INNOVATORS \"C\" (USD) ACC","LU1621767737.EUR":"AZ EQUITY GLOBAL INFRASTRUCTURE \"AAZ\" (EUR) ACC","APH":"安诺电子","LU1621767810.EUR":"AZ EQUITY GLOBAL INFRASTRUCTURE \"A\" (EUR) INC"},"translate_title":"RBBN通过制造业增长加强泰国市场影响力","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VZ":1,"APH":1,"DBX":1,"RBBN":1},"content_text":"Ribbon Communications RBBN has significantly expanded its presence in Thailand and solidified its role in the region. The company began manufacturing key IP Optical products in Thailand in 2023. These products include advanced platforms such as the Apollo 9408 and 9600, which offer high-density, low-power optical transport solutions essential for modern network infrastructures.The expansion supports Ribbon Communications' strategy to meet the rising demand for high-performance networking solutions, especially as Thailand’s digital economy is projected to account for 25% of the nation's GDP by 2027. By increasing production in Thailand, the company strengthens its global supply chain and enhances its ability to serve customers across the ASEAN region.Ribbon Communications will also showcase its innovations at the Telecoms World Asia event in Bangkok.\n\nRibbon Communications Inc. Price and Consensus\n  \nRibbon Communications Inc. price-consensus-chart | Ribbon Communications Inc. Quote\n\nRBBN’s Shares Up 32% Year to Date: Will the Momentum Last?\nRibbon Communications’ shares have gained 32.1% year to date (YTD), outperforming the broader Zacks Computer & Technology sector’s 25.7% rise and the Zacks Communication - Network Software industry’s 27.1% growth.This growth can be attributed majorly to the expansion in the Cloud & Edge business, which grew 11% year over year and 16% sequentially.Sales to Verizon VZ increased considerably in the quarter, contributing 15% of RBBN’s total sales.Ribbon Communications’ outlook for the fourth quarter of 2024 projects 8% year-over-year sales growth, bolstered by strategic efforts such as expansion of its voice modernization programs with major carriers like Verizon and new federal defense agency contracts.\nStrong Product and Service Revenues Boost RBBN’s Prospects\nProduct revenues, which make up 53.3% of total revenues, were $112.2 million, marking a 3.4% year-over-year increase. This growth reflects strong demand for Ribbon Communications' core product offerings, particularly within its Cloud & Edge business, which is key to its long-term growth prospects.Service revenues, which make up 46.7% of total revenues, reached $98.1 million, reflecting 3.6% year-over-year growth. This increase in service revenues highlights the company's ongoing success in its service-driven segments, which include cloud services and network modernization projects.\nRBBN’s Q4 Outlook Looks Promising\nRibbon Communications expects fourth-quarter sales to grow approximately 8% year over year at the midpoint. Revenues are anticipated to be between $235 million and $255 million.The Zacks Consensus Estimate for fourth-quarter revenues is pegged at $242.59 million, indicating a 7.15% increase year over year. The consensus mark for earnings is pegged at 12 cents a share. The estimate has remained unchanged over the past 30 days.\nRBBN’s Zacks Rank & Stocks to Consider\nRibbon carries a Zacks Rank #3 (Hold) currently.Better ranked stocks in the broader sector are Amphenol APH and Dropbox DBX, each sporting a Zacks Rank #1 (Strong Buy) at present. You can find the complete list of today’s Zacks #1 Rank stocks here.The long-term earnings growth rate for Amphenol and Dropbox is currently pegged at 16.39% and 11.98%, respectively.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nVerizon Communications Inc. (VZ) : Free Stock Analysis Report\nAmphenol Corporation (APH) : Free Stock Analysis Report\nRibbon Communications Inc. (RBBN) : Free Stock Analysis Report\nDropbox, Inc. (DBX) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485173988"}