Lost Money in Ribbon Communications Inc.?
Shares of Ribbon Communications Inc. plunged nearly 23% on February 17, 2022, after the company revealed the day prior, in its Q4 report for 2021, that it was taking a goodwill write-down of $116 million. According to the Motley Fool, the company hadn’t mentioned the impairment charge when announcing preliminary Q4 results in January 2022, so it may have come as a surprise to investors. Gibbs Law Group is looking into a potential Ribbon Communications (RBBN) Securities Class Action Lawsuit on behalf of shareholders who lost money in Ribbon Communications Inc. (
NASDAQ: RBBN).
