Ultime notizie per Ribbon Comms (NASDAQ:RBBN) Azioni

Ribbon Comms

Ribbon Communications Inc provides network solutions to service providers and enterprises. It enables service providers and enterprises to modernize their communications networks and provide secure real-time communications solutions to their customers and employees. It has two separate lines of business; the Cloud and Edge segment, and the IP Optical Networks segment. The majority of the revenue for the company is generated from its Cloud and Edge segment that provides secure and reliable software and hardware products, solutions, and services for VoIP communications, Voice Over LTE among others to service providers and enterprise customers. The company generates majority of its revenue from United States.

Ribbon Communications Inc. - Common Stock

Ribbon Communications Inc

RIBBON COMMUNICATIONS ORD

Lotus continues to achieve top-rate growth among traditional luxury car brands, delivering 7,543 vehicles1&nbsp;in the first nine months of 2024, representing a year-on-year increase of&nbsp;134%. Global allocation in terms of deliveries remained well-distributed, with Europe, China, North America and the Rest of the World regions each contributing about&nbsp;20-35%&nbsp;of the total deliveries. In the&nbsp;third quarter&nbsp;of 2024, Emeya (GT, Sedan) was delivered to Europe, whilst Eletre (SUV) reached markets including the GCC, Japan and Korea.

News

Reported Earlier, Lotus Technology Reports 134% YoY Vehicle Delivery Surge In First Nine Months Of 2024

Macro Economic Events

Econ #s

Economics

U.K. Retail Sales (YoY) For September 3.9% Vs. 3.2% Est.; 2.3% (Revised) Prior

U.K. Retail Sales (MoM) For September 0.3% Vs. -0.3% Est.; 1.0% Prior

U.K. Core Retail Sales (MoM) For September 0.3% Vs. -0.3% Est.; 1.1% Prior

U.K. Core Retail Sales (YoY) For September 4.0% Vs. 3.2% Est.; 2.2% (Revised) Prior

Netflix Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) Co-CEO&nbsp;Ted Sarandos on Thursday outlined why the streaming giant continues to hold an edge over YouTube, a subsidiary of Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google.
What Happened: During Netflix&#8217;s <a href="https://www.benzinga.com/news/earnings/24/10/41391637/netflix-q3-earnings-revenue-beats-eps-tops-q4-guidance-projects-subscriber-boost-from-squid-game-nf">third-quarter earnings</a> call, a question about&nbsp;YouTube&#8217;s growing share of TV&nbsp;consumption was raised.
In response, Sarandos highlighted Netflix&#8217;s commitment to investing in premium content to increase viewer engagement, stating, &#8220;Netflix is the best place&nbsp;for premium stories because we&#8217;re&nbsp;the home to the best&nbsp;storytellers.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/10/41375934/meta-confirms-layoffs-across-instagram-whatsapp-and-reality-labs-amid-strategic-reshuffle?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Meta Confirms Layoffs Across Instagram, WhatsApp And Reality Labs Amid Strategic Reshuffle</a>
Regarding YouTube, he said, &#8220;When I look at YouTube specifically, I&#8217;d say look, we compete directly with YouTube for people&#8217;s time, for the time they spend on that TV screen. But we have very different strengths.&#8221;
Another, Netflix Co-CEO Greg Peters added that Netflix plays a crucial role for consumers seeking high-quality movies and TV shows, and for creators looking for partners willing to share the inherent risks of bringing stories to life.
&#8220;A Hundred Years of Solitude, Senna, both coming from Latin America, which are huge, ambitious projects. It&#8217;s hard to imagine how those kind of big creative bets would be possible with YouTube&#8217;s model,&#8221; Peters stated.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Netflix&#8217;s third-quarter financial results showed a 15% year-over-year increase in revenue, beating Street consensus estimates.
Moreover, Netflix&#8217;s recent foray into live sports programming indicates a strategic shift from its traditional on-demand model. This move aims to capture high-impact moments and the <a href="https://www.benzinga.com/general/entertainment/24/10/41395213/netflixs-200b-hour-problem-why-live-sports-are-just-a-drop-in-the-streaming-ocean">excitement of global live events</a>, further enhancing viewer engagement.
During the <a href="https://www.benzinga.com/news/earnings/24/07/39849026/netflix-q2-earnings-highlights-revenue-beat-eps-beat-advertising-revenue-more-meaningful-squid-game" target="_blank" rel="noreferrer noopener">second-quarter earnings</a> call, Netflix executives were asked questions about YouTube.
At the time, Sarandos&nbsp;said, &#8220;So our two services — us and YouTube represent about 50% of all streaming to the TV in the U.S. and we use the U.S. only because that's where we have the data.&#8221;
&#8220;So really what we're focused on here is focusing ourselves on that other 80% of total TV time that isn't going to either us or YouTube,&#8221; he said in July.
Sarandos <a href="https://www.benzinga.com/general/entertainment/24/07/39853498/netflix-aims-to-capture-broader-tv-market-sees-youtube-as-both-competitor-and-partner-we-ki">reiterated Netflix&#8217;s commitment to focus</a> on the remaining 80% of the market during the third-quarter call too.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Unsplash

Entertainment

Equities

Markets

Tech

General

GOOG

GOOGL

NFLX

Netflix's Ted Sarandos Downplays Concerns Of YouTube's Growing Share Of TV Consumption: 'We're The Home To The Best Storytellers'

Orders and deliveries
In Q3, net order intake decreased by 8% to 43,234 trucks and deliveries decreased by 16% to 46,266 units. Deliveries of heavyduty trucks decreased by 9%, of medium-duty trucks by 21% and of light-duty trucks by 61%.

Earnings

VLVLY

Volvo's Q3 Saw 8% Drop In Net Order Intake To 43,234 Trucks, With Deliveries Down 16% To 46,266 Units

Volvo (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VLVLY#OTC">VLVLY</a>) reported quarterly earnings of $0.47 per share. This is a 26.18 percent decrease over earnings of $0.64 per share from the same period last year. The company reported $11.22 billion in sales this quarter. This is a 8.38 percent decrease over sales of $12.25 billion the same period last year

VLVCY

Volvo Q3 EPS $0.47 Down From $0.64 YoY, Sales $11.22B Down From $12.25B YoY

Sam Altman&#8217;s cryptocurrency-based <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37573206/sam-altmans-worldcoin-halts-id-verification-in-spain-amid-legal-tussle">identity verification project</a> Worldcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WLD</a>) will now be known as &#8220;World.&#8221; Apart from the rebrand, the team also announced the launch of World Chain, an Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)-based Layer-2 network.
What Happened: At an event on Thursday, OpenAI CEO Altman, along with the other executives tied to the project, unveiled several new developments.
The team outlined their plans for &#8220;Orb 2.0,&#8221; an enhanced version of the biometric imaging device that the project uses to collect people's iris in exchange for WLD tokens.
The team also announced the introduction of World Chain, a blockchain that can be customized to meet its specific demands. With 15 million human data points, it was dubbed the &#8220;largest blockchain of humans on day one.&#8221;
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41319774/if-you-invested-1-000-in-bitcoin-when-warren-buffett-called-it-rat-poison-squared-heres-ho?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">If You Invested $1,000 In Bitcoin When Warren Buffett Called It &#8216;Rat Poison Squared,&#8217; Here&#8217;s How Much You</a>
Why It Matters: Sam Altman launched the Worldcoin project last year amid significant media attention. 
However, the positive publicity soon transformed into negative publicity as concerns over personal data privacy surfaced. The project has been banned in&nbsp;<a href="https://www.benzinga.com/markets/asia/24/05/38981228/sam-altman-founded-worldcoin-shown-the-door-in-hong-kong-over-privacy-concerns" target="_blank" rel="noreferrer noopener">Hong Kong</a>, Kenya, and&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39176283/sam-altman-founded-worldcoins-suspension-extended-in-spain-crypto-plunges-55-since-march-p" target="_blank" rel="noreferrer noopener">Spain</a>. 
The persistent scrutiny affected the performance of the WLD token, causing it to plunge 40% year-to-date. 
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<iframe loading="lazy" title="Keynote: a new world" width="500" height="281" src="https://www.youtube.com/embed/Ey5bSeUeqqU?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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Price Action: As of this writing, WLD was exchanging hands at $2.21, losing 1.95% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Worldcoin<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" target="_blank" rel="noreferrer noopener"></a>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$ETH

$WLD

Sam Altman-Founded Worldcoin Is Changing Its Name To 'World' And Launching Its Own Blockchain — WLD Token's Fortunes Set To Soar?

Reported Earlier, Chinese Unemployment Rate For September 5.1% Vs. 5.3% Est.; 5.3% Prior

Reported Earlier, China Industrial Production Year to Date (YoY) For September 5.8% Vs. 5.8% Prior

Reported Earlier, China Industrial Production (YoY) For September 5.4% Vs. 4.6% Est.; 4.5% Prior

Reported Earlier, China Gross Domestic Product (GDP) Year to Date (YoY) For Q3 4.8% Vs. 5.0% Prior

Reported Earlier, China Gross Domestic Product (YoY) For Q3 4.6% Vs. 4.6% Est.; 4.7% Prior

Reported Earlier, China Gross Domestic Product (QoQ) For Q3 0.9% Vs. 1.0% Est.; 0.7% Prior

Reported Earlier, China Fixed Asset Investment (YoY) For September 3.4% Vs. 3.3% Est.; 3.4% Prior

Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) has launched its new desktop trading platform, Robinhood Legend, at the HOOD Summit 2024, signaling a significant shift from its <a href="https://www.benzinga.com/fintech/24/10/41371235/robinhood-announces-futures-trading-index-options-trading">mobile-first approach</a> to a more comprehensive wealth management platform.
What Happened: Chief Brokerage Officer Steve Quirk emphasized the need for this transition, stating, &#8220;About 50% of all retail trading happens on a mobile device and about 50% of it happens on a desktop. We, up to this point, had only been competing on the mobile front. Now we have an alternative.&#8221; Quirk <a href="https://youtu.be/FyaBFs1dZZI?feature=shared">said</a> this in an appearance on CNBCOvertime.
Robinhood Legend is designed to appeal to more sophisticated retail investors, featuring advanced charting capabilities with up to eight simultaneous charts and enhanced technical indicators. 
CEO Vlad Tenev highlighted the initial success of the platform, announcing that the first thousand early access spots were claimed in under a minute, indicating robust demand among users.
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41395673/google-reshuffles-search-leadership-while-navigating-ai-threat-to-core-business">Google Reshuffles Search Leadership While Navigating AI Threat To Core Business</a>
Why It Matters: This development follows a series of strategic moves by Robinhood to expand its offerings. The company recently announced the launch of <a href="https://www.benzinga.com/fintech/24/10/41371235/robinhood-announces-futures-trading-index-options-trading">futures trading and index options trading</a> at the HOOD Summit 2024. This was seen as a major expansion of the platform&#8217;s offerings.
Robinhood&#8217;s acquisition of Bitstamp is also expected to <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41391989/exclusive-robinhoods-bitstamp-deal-will-drive-growth-exec-says-what-was-good-for-stocks-we">drive growth in its crypto offerings</a>. The company&#8217;s General Manager for Robinhood Crypto, Johann Kerbrat, highlighted the potential impact of this acquisition on the company&#8217;s crypto products.
Robinhood&#8217;s growth has been a topic of <a href="https://www.benzinga.com/markets/options/24/10/41389775/exclusive-cboe-ceo-says-robinhood-growth-an-eye-opener-unpredictable-2024-election-could-increase">discussion in the industry</a>, with CBOE CEO Fred Tomczyk describing it as &#8220;an eye-opener&#8221;. The company&#8217;s expansion into desktop trading is expected to further strengthen its position in the market.
Price Action: Robinhood&#8217;s stock closed at $26.32 on Thursday, down 2.27% for the day. In after-hours trading, the stock saw a slight increase of 0.38%. Year to date, Robinhood&#8217;s stock has experienced growth of 112.77%, according to <a href="https://www.benzinga.com/pro/" target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
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</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

HOOD

Robinhood Aims To Capture Beyond 50% Of Mobile Traders With Legend Desktop Platform: 'Now We Have An Alternative'

BBJP

WisdomTree Trust Japan Total Dividend Fund

Reported Earlier, Japan National Consumer Price Index (MoM) For September -0.3% Vs. 0.5% Prior

Reported Earlier, Japan National Core Consumer Price Index (YoY) For September 2.4% Vs. 2.3% Est.; 2.8% Prior

In a recent interview, former President Donald Trump advocated for a significant increase in import tariffs, a move that was slammed by Nobel winning economist Paul Krugman in a recent opinion piece.
What Happened: Trump, known for imposing substantial tariffs during his presidency, is now suggesting tariffs as high as 20 percent, including a 60 percent tariff on imports from China. Economists have voiced their opposition to these proposals, warning that such high tariffs could harm the economy, according to Krugman in his New York Times column. He said he shared a similar view.
The economist also shared the column through X and asked, &#8220;Are Trump's tariff ideas really that bad? No, they're worse.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Are Trump's tariff ideas really that bad? No, they're worse <a href="https://t.co/AgDoAYoVfQ">https://t.co/AgDoAYoVfQ</a>
&mdash; Paul Krugman (@paulkrugman) <a href="https://twitter.com/paulkrugman/status/1847062351997984849?ref_src=twsrc%5Etfw">October 17, 2024</a></blockquote>
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The former president believes that these high tariffs would reduce U.S. trade deficits and stimulate domestic manufacturing. However, this approach has been widely criticized by economists, who argue that the tariffs would not achieve these goals.
Opining on why Trump favored Tariffs, Krugman wrote, &#8220;It has never been entirely clear why Trump has a thing for tariffs. My guess is that he sees everything in terms of winners, losers and punishment.&#8221;
Trump&#8217;s proposed tariffs, if implemented, could potentially turn the clock back 90 years, raising overall tariffs to levels not seen since the era of the Smoot-Hawley Tariff Act.
Trump&#8217;s proposed tariffs were framed as a plan, they were likely to raise living costs by about 3 to 4 percent, disproportionately affecting middle- and lower-income families. Economists generally agreed that these tariffs would not boost American manufacturing or reduce the trade deficit, and could ultimately harm the economy by increasing global poverty and creating market fragmentation, said Krugman.
&#8220;What the tariffs would do is shrink our economy. They would cause us to sell less of the goods we currently export — that is, stuff we're relatively good at producing — and more stuff we aren't that good at producing. The effect would be to make the economy less efficient and poorer,&#8217; wrote the Economist.
He warned, &#8220;The Trump tariffs could cause a spike in global poverty — and, it's easy to imagine, global conflict.&#8221;
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41331839/financial-sector-hits-record-highs-as-goldman-sachs-bank-of-america-citi-beat-q3-ea?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Financial Sector Hits Record Highs As Goldman Sachs, Bank of America, Citi Beat Q3 Earnings Expectations</a>
Why It Matters: Trump&#8217;s tariff strategy has been a topic of discussion among economists and business leaders. <a href="https://www.benzinga.com/general/politics/24/10/41371990/trump-cant-impose-tariffs-on-china-says-peter-schiff-he-can-only-impose-tariffs-on-americans-who">Peter Schiff</a>, a renowned economist, criticized Trump&#8217;s approach, stating that tariffs would only affect Americans who buy Chinese products.
Similarly, billionaire Mark Cuban <a href="https://www.benzinga.com/news/24/10/41348822/mark-cuban-says-he-knows-what-trump-wants-to-achieve-with-tariffs-but-the-ex-president-has-no-idea-w">expressed his skepticism</a> about Trump&#8217;s approach to revitalizing U.S. manufacturing through tariffs. In a post, Cuban argued that Trump does not understand what it takes to achieve his goals.
Trump defended his tariff strategy during an <a href="https://www.benzinga.com/general/politics/24/10/41344136/trump-goes-on-the-defense-about-massive-effect-of-tariffs-economic-growth-putin-relationship-djt">interview</a> at the Economic Club of Chicago, stating that tariffs have a &#8220;massive effect.&#8221;
Image via Flickr
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</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Politics

Paul Krugman Warns Trump's Tariff Plan Could Rewind Economic Progress 90 Years and Ignite Global Conflict: 'He Sees Everything In Terms Of Winners, Losers And Punishment'

Ribbon Communications Inc. (RBBN) Q2 2024 Earnings Call Transcript

JMP Securities analyst Trevor J. Walsh reiterated a Buy rating on Ribbon Communications (RBBN – Research Report) today and set a price target of $6...

JMP Securities Reaffirms Their Buy Rating on Ribbon Communications (RBBN)

Ribbon announces CFO Mick Lopez's retirement

Ribbon Communications (RBBN) has shared an announcement. Ribbon Communications Inc. has announced the upcoming retirement of their long-standing Ex...

Ribbon Communications CFO Miguel Lopez Announces Retirement

Executive reshuffles: The ODP, GrafTech International and ICON Companies in focus

What To Do After Netgear Jumped By Over 30%

Small-cap stocks offer strong growth potential as they are often in the early stages of expansion. Also, these stocks tend to be undervalued, providing opportunities for investors to find hidden gems. Thus, quality small-cap value stocks Caleres (CAL), Smith & Wesson Brands (SWBI), and Ribbon Communications (RBBN) could be ideal candidates to buy now. Read more... Qualities like high growth prospects, impressive yield possibilities, and long-term growth potential make small-cap stocks worth considering. Also, with the swiftly recovering U.S. economy, the opportunities for this segment of stocks are expanding rapidly.
Considering the bright outlook, it could be wise to invest in current Wall Street favorite small-cap value stocks Caleres, Inc. (<a href="https://stocknews.com/stock/CAL/">CAL</a>), Smith &amp; Wesson Brands, Inc. (<a href="https://stocknews.com/stock/SWBI/">SWBI</a>), and Ribbon Communications Inc. (<a href="https://stocknews.com/stock/RBBN/">RBBN</a>) for potential returns.
As the U.S. economy continues to grow at a steady pace, it presents an appealing opportunity for investors to invest in small-cap stocks. In 2024, the performance of the U.S. economy has improved with each quarter. The <a href="https://tradingeconomics.com/united-states/gdp-growth">US economy grew</a> 1.6% in the first quarter of 2024 and jumped to an annualized rate of 3% in the second quarter of 2024.
Federal government spending, rising business investments, and growing consumer spending fueled the growth. Also, for the third quarter, GDP is expected to continue expanding at a similar pace throughout the remainder of this year.
With this economic trajectory, adding small-cap stocks to the portfolio could be ideal. <a href="https://www.investopedia.com/terms/s/small-cap.asp">Small-cap stock</a> is a company that has a market capitalization below $2 billion. Owing to their small capitalization, they offer more growth opportunities compared to large-cap entities. In the last year, the <a href="https://www.cnbc.com/quotes/.RUT">Russell 2000 Index</a> returned 22.98%, and <a href="https://www.spglobal.com/spdji/en/indices/equity/sp-global-smallcap/#overview">S&amp;P Global SmallCap</a> gained 20.75%.
Also, historically, small-cap stocks have outperformed large-cap stocks with their potential, and they offer the possibility of significant returns as they expand and capture higher market share. Further, continuous innovations and investment in technology have created new opportunities for the companies.
Considering the economy's bright prospects, investors could consider adding fundamentally sound small-cap value stocks CAL, SWBI, and RBBN to their portfolios.
Let's discuss the fundamentals of these stocks in detail:
Caleres, Inc. (<a href="https://stocknews.com/stock/CAL/">CAL</a>)
CAL engages in the retail and wholesale of footwear business internationally. The company operates through Famous Footwear and Brand Portfolio segments. The company provides licensed, branded, and private-label athletic, casual, and dress footwear products.
In terms of forward <a href="https://www.investopedia.com/terms/p/price-to-salesratio.asp">Price/Sales</a>, CAL is trading at 0.42x, 55.2% lower than the industry average of 0.94x. Likewise, the stock's forward Price/Book multiple of 1.60 is 38.9% lower than the industry average of 2.63. Also, its forward EV/EBITDA of 7.36x is 27.7% lower than the industry average of 10.18x.
On August 29, CAL's Board of Directors declared a regular quarterly cash dividend of $0.07 per share paid on September 27, 2024, to shareholders of record as of September 13, 2024. The company has paid a consecutive quarterly dividend for more than 100 years.
CAL pays an annual dividend of $0.28, which translates to a yield of 0.85% at the current share price. Its four-year average dividend yield is 1.20%.
On August 22, CAL's lead brand, Allen Edmonds, launched The Reserve Collection. The exclusive capsule is the pinnacle expression of the art of American shoemaking and reflects Allen Edmond's commitment to quality and craftsmanship for over a century.
During the second quarter that ended August 3, 2024, CAL reported net sales of $683.32 million, and its gross profit was $310.88 million. Adjusted net earnings attributable to CAL came in at $29.96 million and $0.85 per share for the quarter, respectively.
As of August 3, 2024, the company's total assets stood at $2.02 billion, compared to $1.90 billion as of July 29, 2023.
Street expects CAL's revenue and EPS for the fiscal year (ending January 2026) to increase 3.3% and 12% year-over-year to $2.85 billion and $4.53, respectively. Furthermore, the company has topped the consensus EPS estimates in three of the four trailing quarters.
Over the past year, CAL's stock has surged 15.7% to close the last trading session at $32.89.
CAL's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
CAL has a B grade for Value and Quality. It is ranked #19 out of 59 stocks in the A-rated <a href="https://stocknews.com/category/fashion-luxury/">Fashion &amp; Luxury</a> industry.
In addition to the POWR Ratings we've stated above, we also have CAL's ratings for Growth, Momentum, Sentiment, and Stability. Get all CAL ratings <a href="https://stocknews.com/stock/CAL/">here</a>.
Smith &amp; Wesson Brands, Inc. (<a href="https://stocknews.com/stock/SWBI/">SWBI</a>)
SWBI designs manufactures and sells firearms globally. The company provides handguns, long guns, handcuffs, suppressors, and other firearm-related products under the Smith &amp; Wesson, M&amp;P, and Gemtech brands.
SWBI's forward non-GAAP P/E is trading at 12.33x, 28.2% lower than the industry average of 17.17x. Also, the stock's forward EV/Sales multiple of 1.16 is 10.9% lower than the 1.30 industry average. Similarly, its forward EV/EBITDA of 6.19x is 39.3% lower than the industry average of 10.18x.
For the first quarter that ended July 31, 2024, SWBI's net sales amounted to $88.33 million. The company's non-GAAP gross profit was $25.37 million. Also, its Non-GAAP Adjusted EBITDAS came in at $9.90 million for the quarter.
In addition, as of July 31, 2024, the company's cash and cash equivalents and total assets were $35.51 million and $571.27 million, respectively.
Analysts expect SWBI's revenue and EPS for the second quarter (ending October 2024) to grow 6.9% and 17.9% year-over-year to $133.52 million and $0.17, respectively. Further, the company topped the consensus revenue estimates in three of the trailing four quarters.
Shares of SWBI have plunged 2% over the past year to close the last trading session at $12.88.
SWBI's sound fundamentals are reflected in its POWR Ratings. The stock has a B grade for Value and Momentum. Within the <a href="https://stocknews.com/category/athletics-recreation/">Athletics &amp; Recreation</a> industry, SWBI is ranked #6 of 34 stocks.
<a href="https://stocknews.com/stock/SWBI/">Click here</a> to access additional ratings of SWBI for Growth, Quality, Sentiment, and Stability.
Ribbon Communications Inc. (<a href="https://stocknews.com/stock/RBBN/">RBBN</a>)
RBBN provides communications technology internationally. It operates in two segments, Cloud and Edge; and IP Optical Networks. The company offers software and hardware products, solutions, and services for voice-over internet protocol communications, voice-over long-term evolution, voice-over 5G communications, and unified communications and collaboration.
In terms of forward EV/EBIT, RBBN is trading at 9.12x, 54.2% lower than the industry average of 19.90x. Further, the stock's forward Price/Sales multiple of 0.65 is 77.4% lower than the industry average of 2.85. Also, its forward non-GAAP P/E of 12.96x is 45.6% lower than the industry average of 23.81x.
On July 22, RBBN and Leading fiber broadband and technology provider Converge ICT Solutions Inc. (CNVRG) collaborated to pioneer in the Philippines with a leading-edge Apollo optical networking system, which will optimize data transmission across the internet provider's backbone network.
RBBN reported revenue of $192.62 million during the second quarter, which ended June 30, 2024, and its gross profit grew 6.4% from the year-ago value to $97.87 million. The company's non-GAAP adjusted EBITDA stood at $22 million.
In addition, the company's non-GAAP net income and non-GAAP EPS amounted to $8.52 million and $0.05, up 10% and 25% from the prior year's quarter, respectively.
Street expects RBBN's revenue for the third quarter (ended September 2024) to increase 4.4% year-over-year to $212.14 million, while its EPS for the same quarter is expected to grow 16% year-over-year to $0.06. Also, for the fiscal year 2024, the company's revenue and EPS are expected to grow 1.7% and 14.3% year-over-year to $840.72 million and $0.24.
Shares of RBBN have soared 21% over the past year to close the last trading session at $3.11.
RBBN's POWR Ratings reflect its bright prospects. The stock has an overall rating of B, which equates to a Buy in our proprietary rating system.
The stock has a B grade for Value and Growth. RBBN is ranked #6 of 45 stocks in the <a href="https://stocknews.com/category/technology-communication-networking/">Technology – Communication/Networking</a> industry.
<a href="https://stocknews.com/stock/RBBN/">Click here</a> to access additional ratings of RBBN for Momentum, Quality, Sentiment, and Stability.
What To Do Next?
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<hr />
CAL shares were trading at $32.60 per share on Wednesday afternoon, down $0.29 (-0.88%). Year-to-date, CAL has gained 6.74%, versus a 20.81% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/cal-swbi-rbbn-3-small-cap-value-stocks-wall-street-loves-right-now/>3 Small-Cap Value Stocks Wall Street Loves Right Now</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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