Ribbon Communications Inc. (NASDAQ:RBBN) Receives Average Rating of “Moderate Buy” from Brokerages

Ribbon Communications Inc. (NASDAQ:RBBN) has received an average rating of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $3.5167.

Several research firms have recently weighed in on RBBN. CL King set a $3.30 price target on shares of Ribbon Communications in a report on Wednesday. B. Riley Financial upgraded shares of Ribbon Communications from a “neutral” rating to a “buy” rating and set a $3.30 price objective on the stock in a report on Wednesday. Rosenblatt Securities cut their price objective on shares of Ribbon Communications from $4.00 to $3.50 and set a “buy” rating on the stock in a research report on Wednesday. Wall Street Zen lowered shares of Ribbon Communications from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Finally, Weiss Ratings lowered shares of Ribbon Communications from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 11th.

Institutional Trading of Ribbon Communications

A number of institutional investors have recently modified their holdings of the company. Y Intercept Hong Kong Ltd acquired a new position in shares of Ribbon Communications during the first quarter worth about $26,000. Indivisible Partners acquired a new stake in Ribbon Communications in the 4th quarter valued at approximately $30,000. Mackenzie Financial Corp acquired a new stake in Ribbon Communications in the 4th quarter valued at approximately $31,000. NewEdge Wealth LLC bought a new stake in Ribbon Communications in the 1st quarter valued at approximately $34,000. Finally, DGS Capital Management LLC bought a new stake in Ribbon Communications in the 4th quarter valued at approximately $36,000. 70.92% of the stock is currently owned by institutional investors.

Ribbon Communications Trading Down 3.2%

NASDAQ:RBBN opened at $2.12 on Friday. Ribbon Communications has a fifty-two week low of $1.80 and a fifty-two week high of $4.24. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.37 and a quick ratio of 1.09. The stock has a market capitalization of $373.42 million, a PE ratio of 26.50 and a beta of 1.34. The business’s 50-day simple moving average is $2.48 and its 200-day simple moving average is $2.45.

Ribbon Communications (NASDAQ:RBBN) last posted its earnings results on Tuesday, July 28th. The communications equipment provider reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). The business had revenue of $192.34 million for the quarter, compared to the consensus estimate of $189.99 million. Ribbon Communications had a return on equity of 19.70% and a net margin of 1.96%.Ribbon Communications’s revenue for the quarter was down 13.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.05 earnings per share. Sell-side analysts expect that Ribbon Communications will post 0.02 earnings per share for the current fiscal year.

About Ribbon Communications

Ribbon Communications Inc is a global provider of real-time communications software and network solutions for service providers and enterprises. The company’s offerings address the full life cycle of voice, video and data transmission across fixed, mobile and cloud environments. Ribbon’s technology portfolio is designed to enable secure, intelligent and interoperable communications in applications such as unified communications, contact centers, wholesale VoIP interconnect and next-generation 5G networks.

Ribbon’s product suite includes session border controllers (SBCs), which secure and interwork IP voice and multimedia sessions; Diameter signaling controllers for 4G/5G policy and charging control; network edge virtualization platforms; and analytics engines for service assurance and fraud management.