Insider Selling: Ribbon Communications (NASDAQ:RBBN) Director Sells 8,690 Shares of Stock

Ribbon Communications Inc. (NASDAQ:RBBN) Director Beatriz Infante sold 8,690 shares of the firm’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $3.98, for a total value of $34,586.20. Following the transaction, the director owned 343,224 shares of the company’s stock, valued at approximately $1,366,031.52. This represents a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Ribbon Communications Trading Down 0.2%

RBBN opened at $4.05 on Wednesday. Ribbon Communications Inc. has a 52 week low of $2.84 and a 52 week high of $5.38. The business has a fifty day simple moving average of $3.96 and a 200-day simple moving average of $3.84. The firm has a market cap of $717.17 million, a P/E ratio of -16.20 and a beta of 1.39. The company has a quick ratio of 1.13, a current ratio of 1.38 and a debt-to-equity ratio of 0.88.

Ribbon Communications (NASDAQ:RBBN) last released its quarterly earnings results on Wednesday, July 23rd. The communications equipment provider reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. Ribbon Communications had a positive return on equity of 7.08% and a negative net margin of 5.14%.The business had revenue of $220.58 million during the quarter, compared to analyst estimates of $213.31 million. During the same period last year, the business posted $0.05 earnings per share. The company’s quarterly revenue was up 14.5% on a year-over-year basis. Ribbon Communications has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities analysts expect that Ribbon Communications Inc. will post 0.18 earnings per share for the current year.

Analysts Set New Price Targets

RBBN has been the subject of a number of recent research reports. Rosenblatt Securities lifted their target price on Ribbon Communications from $5.50 to $6.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Wall Street Zen upgraded Ribbon Communications from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $6.00.

Institutional Trading of Ribbon Communications

A number of institutional investors have recently bought and sold shares of RBBN. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Ribbon Communications by 76.1% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,189,250 shares of the communications equipment provider’s stock worth $4,662,000 after buying an additional 513,985 shares during the last quarter. Nuveen LLC purchased a new stake in Ribbon Communications during the 1st quarter worth about $1,297,000. Royce & Associates LP lifted its holdings in Ribbon Communications by 10.3% during the 1st quarter. Royce & Associates LP now owns 3,092,068 shares of the communications equipment provider’s stock worth $12,121,000 after buying an additional 289,210 shares during the last quarter. AQR Capital Management LLC purchased a new stake in Ribbon Communications during the 1st quarter worth about $805,000. Finally, Geode Capital Management LLC lifted its holdings in Ribbon Communications by 7.9% during the 2nd quarter. Geode Capital Management LLC now owns 2,303,256 shares of the communications equipment provider’s stock worth $9,238,000 after buying an additional 169,402 shares during the last quarter. 70.92% of the stock is owned by hedge funds and other institutional investors.

Ribbon Communications Company Profile

Ribbon Communications Inc provides communications technology in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. It operates through two segments, Cloud and Edge, and IP Optical Networks. The Cloud and Edge segment provides software and hardware products, solutions, and services for voice over internet protocol communications, voice over long-term evolution, and voice over 5G communications, and unified communications and collaboration.