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RBBN's solid revenue growth and key client wins indicate strong performance, reminiscent of past successes but with cautious margin pressure.
What happened, with direct paths to the underlying reporting
RBBN saw a 22% sequential revenue increase, reaching $221 million. Key clients include Verizon and U.S. federal agencies, boosting growth. Gross margins pressured by hardware sales, yet Cloud and Edge profitability remained high. Analyst maintains Buy rating, raising price target from $5.50 to $6.00. Expectations for Q3 revenue and margins adjust slightly lower, but Outlook is solid.
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