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

Shares of Ribbon Communications Inc. (NASDAQ:RBBNGet Free Report) have been given an average rating of “Moderate Buy” by the six ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $3.58.

RBBN has been the topic of several research analyst reports. Craig Hallum reaffirmed a “buy” rating and set a $3.00 price target on shares of Ribbon Communications in a research report on Wednesday, February 11th. Citigroup reissued an “outperform” rating on shares of Ribbon Communications in a report on Friday, February 6th. Citizens Jmp dropped their target price on Ribbon Communications from $6.00 to $4.00 and set a “market outperform” rating on the stock in a report on Friday, February 6th. B. Riley Financial reissued a “neutral” rating on shares of Ribbon Communications in a report on Wednesday, April 29th. Finally, Rosenblatt Securities dropped their target price on Ribbon Communications from $6.00 to $4.00 and set a “buy” rating on the stock in a report on Friday, February 6th.

Get Our Latest Stock Report on RBBN

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. State Street Corp increased its holdings in shares of Ribbon Communications by 0.3% in the fourth quarter. State Street Corp now owns 2,099,793 shares of the communications equipment provider’s stock valued at $6,047,000 after purchasing an additional 5,280 shares during the period. Alliancebernstein L.P. increased its holdings in shares of Ribbon Communications by 5.3% in the third quarter. Alliancebernstein L.P. now owns 119,317 shares of the communications equipment provider’s stock valued at $453,000 after purchasing an additional 6,000 shares during the period. GSA Capital Partners LLP increased its holdings in shares of Ribbon Communications by 2.9% in the third quarter. GSA Capital Partners LLP now owns 216,283 shares of the communications equipment provider’s stock valued at $822,000 after purchasing an additional 6,173 shares during the period. Susquehanna Fundamental Investments LLC increased its holdings in shares of Ribbon Communications by 65.8% in the third quarter. Susquehanna Fundamental Investments LLC now owns 18,401 shares of the communications equipment provider’s stock valued at $70,000 after purchasing an additional 7,301 shares during the period. Finally, State of Alaska Department of Revenue acquired a new position in shares of Ribbon Communications in the third quarter valued at approximately $29,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

Ribbon Communications Trading Up 1.5%

RBBN opened at $2.65 on Friday. The firm has a market cap of $466.77 million, a price-to-earnings ratio of 15.59 and a beta of 1.26. Ribbon Communications has a 52 week low of $1.80 and a 52 week high of $4.29. The business’s 50 day moving average is $2.45 and its two-hundred day moving average is $2.61. The company has a quick ratio of 1.09, a current ratio of 1.37 and a debt-to-equity ratio of 0.77.

Ribbon Communications (NASDAQ:RBBNGet Free Report) last released its quarterly earnings results on Tuesday, April 28th. The communications equipment provider reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.01. The company had revenue of $162.61 million for the quarter, compared to analyst estimates of $163.43 million. Ribbon Communications had a return on equity of 24.14% and a net margin of 3.80%.The firm’s revenue was down 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.03) earnings per share. On average, research analysts predict that Ribbon Communications will post 0.02 EPS for the current year.

About Ribbon Communications

(Get Free Report)

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.

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Analyst Recommendations for Ribbon Communications (NASDAQ:RBBN)

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