Verizon And Federal Wins Power Ribbon Communications' Confident Outlook
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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