Craig-Hallum analyst Christian Schwab lowered the firm's price target on Ribbon Communications to $3 from $5 and keeps a Buy rating on the shares following "disappointing" Q4 revenue, soft Q1/FY26 guidance, and a heavily back-end-loaded 2026 outlook that implies a high bar for execution. The firm notes the higher-margin Cloud & Edge business and argues that selling the underperforming IP Optical segment and using proceeds to de-lever would be the most effective path to unlocking value.
