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Ribbon Announces $50 Million Share Repurchase Program

1. RBBN announced a $50 million share repurchase program starting June 2025. 2. Board's decision reflects confidence in strategic plans and improved performance. 3. Earnings increased by 30% in 2024, meeting high-end guidance expectations. 4. Business with US Tier One carriers doubled in 2024, including Verizon contract. 5. Positive book-to-bill ratio and growing backlog indicate robust business outlook.

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FAQ

Why Bullish?

The share repurchase program signals confidence and a commitment to shareholder value, similar to past successful repurchase strategies employed by various companies, leading to positive price movements.

How important is it?

The share repurchase program, alongside significant earnings growth, substantially impacts investor sentiment and perceived company stability.

Why Long Term?

The strategic repurchase plan over two years reflects long-term value generation and growth potential for investors.

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VZTNTCT
, /PRNewswire/ -- Ribbon Communications Inc. (Nasdaq: RBBN), a leading supplier of real-time communications technology and IP optical networking solutions, announced that its Board of Directors has authorized a program to repurchase up to $50 million of the Company's common stock, commencing June 5, 2025 and continuing through December 31, 2027. "Today's announcement of our new share repurchase program reflects the Board of Director's confidence in our strategic plan and the significant improvement in our performance, highlighted by the record financial results in the fourth quarter 2024. Business with US Tier One Service Providers doubled in 2024 underpinned by a multi-year contract with Verizon to support modernizing their telecom voice infrastructure along with projects with other carriers. At the same time, business with Enterprise customers and U.S. Federal agencies has grown significantly. Overall, earnings increased by 30% in 2024 and were at the high end of our original guidance for the year," said Bruce McClelland, President and CEO of Ribbon Communications.  "The visibility in our business has improved significantly with positive book-to-bill and growing backlog, and we are focused on driving profitable growth and strong cash flow generation. This share repurchase program exemplifies our commitment to deliver value to our stockholders." Ribbon Communications may purchase shares at management's discretion in the open market, in privately negotiated transactions, in transactions structured through investment banking institutions, or a combination of the foregoing. The Company may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases of its shares under this authorization. The amount and timing of repurchases are subject to a variety of factors including liquidity, cash flow, stock price, compliance with the Company's credit facility and general business and market conditions. The program may be modified, increased, suspended, or discontinued at any time. The share repurchase program will be funded with cash on hand or cash generated from operations. About RibbonRibbon Communications (Nasdaq: RBBN) delivers secure cloud communications and IP and optical networking solutions to service providers, enterprises and critical infrastructure sectors globally. We engage deeply with our customers, helping them modernize their networks for improved competitive positioning and business outcomes in today's smart, always-on and data-hungry world. Our end-to-end portfolio of communications software and IP Optical networking solutions delivers superior value and innovation by leveraging cloud-native architectures, automation and analytics tools, and leading-edge security.  We maintain a keen focus on our commitments to Environmental, Social, and Governance (ESG) matters, offering an annual Sustainability Report to our stakeholders. To learn more about Ribbon, please visit rbbn.com Important Information Regarding Forward-Looking Statements  The information in this release contains forward-looking statements regarding future events, including potential share repurchases, that involve risks and uncertainties. All statements other than statements of historical facts contained in this release, including those regarding the expected share repurchases and the timing and benefits of the same, are forward-looking statements. The actual results of Ribbon Communications may differ materially from those contemplated by the forward-looking statements. For further information regarding risks and uncertainties associated with Ribbon Communications' business, please refer to the "Risk Factors" section of Ribbon Communications' most recent annual or quarterly report filed with the SEC. Any forward-looking statements represent Ribbon Communications' views only as of the date on which such statement is made and should not be relied upon as representing Ribbon Communications' views as of any subsequent date. While Ribbon Communications may elect to update forward-looking statements at some point, Ribbon Communications specifically disclaims any obligation to do so. Investor Contact+1 (978) 614-8050[email protected]        Media ContactCatherine Berthier+1 (646) 741-1974[email protected]  SOURCE Ribbon Communications Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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