Ribbon Communications

Ticker

$RBBN

Industry

Technology

Type

Beaten Up

Rating

Not Rated

Full disclosure on this one — I have not reviewed in detail what this business does... It was added to the list from monitoring a daily “losers” list of stocks that are down big — it made an appearance twice in January/February 2022. Not quite back to pandemic (March 2020) lows but getting there.

Notes

‣

Beaten up — stock down big (19%) in January 2022

Chart looks pretty terrible and stock down 19% after hours (Jan 2022) on reported Q4 guidance miss...

‣

Beaten up x2 — stock taking another big leg down (23%) in February 2022 as a follow on from January selloff

‣

Fundamentals — revenue has been growing since 2016 and EBITDA has grown significantly

‣

Acquisitions — spent ~$350m in 2020; what was it and how is it performing?

‣

A very quick review shows this is a profitable company with a net cash position...