Ribbon Communications Inc. (RBBN) – What Are Investment Firms Thinking About This Stock?

Shares of Ribbon Communications Inc. (NASDAQ:RBBN) have received a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $3.30.

Several equities research analysts have recently commented on RBBN shares. CL King set a $3.30 price target on Ribbon Communications in a research note on Wednesday, July 29th. 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 research report on Wednesday, July 29th. Weiss Ratings reiterated a “sell (d)” rating on shares of Ribbon Communications in a research report on Friday, August 7th. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $2.20 price objective (down from $3.50) on shares of Ribbon Communications in a research note on Tuesday, September 15th.

Institutional Trading of Ribbon Communications

Several hedge funds and other institutional investors have recently made changes to their positions in RBBN. WINTON GROUP Ltd increased its stake in shares of Ribbon Communications by 198.1% during the second quarter. WINTON GROUP Ltd now owns 149,404 shares of the communications equipment provider’s stock worth $350,000 after acquiring an additional 99,289 shares during the period. Squarepoint Ops LLC purchased a new position in Ribbon Communications during the second quarter worth about $448,000. AXQ Capital LP purchased a new position in Ribbon Communications during the second quarter worth about $25,000. Hsbc Holdings PLC acquired a new stake in Ribbon Communications in the second quarter valued at about $62,000. Finally, Empowered Funds LLC acquired a new stake in Ribbon Communications in the second quarter valued at about $221,000. Hedge funds and other institutional investors own 70.92% of the company’s stock.

Ribbon Communications Stock Down 3.8%

Ribbon Communications stock opened at $1.51 on Wednesday. Ribbon Communications has a twelve month low of $1.50 and a twelve month high of $4.09. The stock has a 50 day moving average of $1.91 and a two-hundred day moving average of $2.28. The company has a current ratio of 1.31, a quick ratio of 1.03 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $270.02 million, a price-to-earnings ratio of 18.88 and a beta of 1.37.

Ribbon Communications (NASDAQ:RBBN) last announced its earnings results on Tuesday, July 28th. The communications equipment provider reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.02). The company had revenue of $192.34 million during the quarter, compared to analysts’ expectations of $189.99 million. Ribbon Communications had a net margin of 1.96% and a return on equity of 19.91%. The company’s revenue for the quarter was down 13.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 earnings per share. As a group, research analysts expect that Ribbon Communications will post -0.05 earnings per share for the current year.

Ribbon Communications Company Profile

Ribbon Communications Inc is a communications technology company that provides software, network infrastructure and security solutions for communications service providers, enterprises and government organizations. Its offerings are designed to support voice, video and data communications across traditional, cloud-based and next-generation networks.

The company’s portfolio includes session border controllers, media gateways, communications application software, cloud-native voice and collaboration platforms, network analytics, policy and routing solutions, and security products.