Thieler Law Corp advises investors with losses exceeding $100,000 of the January 7, 2019 lead plaintiff deadline in a class action lawsuit filed against Ribbon Communications Inc (NASDAQ: RBBN) (“Ribbon” or “the Company”). The suit is pending in the U.S. District Court for the District of Massachusetts and investors, who purchased Ribbon Communications Inc securities between January 8, 2015 and March 24, 2015, have until January 7, 2019 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Ribbon Communications Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Sonus would fall materially short of its $74 million revenue forecast; defendants knew that unrealistic revenue and profitability forecasts remained aspirational and largely unreachable, a fact that senior sales personnel regularly communicated to defendants; a number of 2015 sales had been “pulled forward” to buoy sales numbers in Q4 2014, at management’s direction; the “backlog” of sales expected to be recognized in early 2015 was significantly lower than usual; and as a result, defendants’ public statements were materially false and misleading at all relevant times.

On March 24, 2015, the Company revealed that it expected revenue for the first quarter of 2015 in the range of $47-$50 million, significantly lower than the Company's previous projection of $74 million.  The Company advised investors that they would suffer a $029-$0.34 loss in non-GAAP earnings-per-share, rather than the previously projected non-GAAP EPS gain of $0.03.

Following this news, NASDAQ: RBBN fell more than 33%, to close at $8.70 on March 24, 2015.

If you were negatively impacted by your investment in Ribbon Communications Inc securities between January 8, 2015 and March 24, 2015 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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