Ribbon Communications Inc. (RBBN) stock soared 5.77% in the pre-market trading session on Thursday, following the company's impressive fourth-quarter 2024 earnings report and positive outlook for the coming year.

The company reported record revenue and earnings for the fourth quarter, driven by strong sales of its cloud and edge portfolio, which doubled year-over-year for US Tier One service providers and increased by more than 60% for global enterprises. Ribbon Communications also secured significant contracts, including a cloud migration project with a European Tier One service provider and a new IMS Mobile Core win.

While the IP optical networks segment saw a 17% decrease in Q4 revenue due to the suspension of shipments to Eastern Europe, the company expressed optimism about future growth in this segment, particularly in North America, India, and Europe, as broadband and critical infrastructure expansion continue. Ribbon Communications also highlighted opportunities arising from AT&T's plan to eliminate copper networks by 2028, with their solutions supporting both copper elimination and modernization of switching infrastructure.