ValuEngine upgraded shares of Ribbon Communications (NASDAQ:RBBN) from a strong sell rating to a sell rating in a report published on Wednesday, ValuEngine reports.

A number of other research firms have also recently commented on RBBN. BidaskClub upgraded Ribbon Communications from a strong sell rating to a sell rating in a research note on Thursday, April 25th. Northland Securities reaffirmed a buy rating and set a $9.00 price objective on shares of Ribbon Communications in a research report on Friday, May 3rd. Finally, Zacks Investment Research lowered Ribbon Communications from a buy rating to a hold rating in a report on Friday, February 22nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $7.75.

NASDAQ:RBBN traded up $0.04 during trading hours on Wednesday, reaching $5.19. 12,732 shares of the stock were exchanged, compared to its average volume of 330,996. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 0.11. Ribbon Communications has a twelve month low of $4.52 and a twelve month high of $7.89. The stock has a market capitalization of $504.90 million, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 0.88 and a beta of 1.31.

Ribbon Communications (NASDAQ:RBBN) last released its quarterly earnings results on Thursday, May 2nd. The communications equipment provider reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). Ribbon Communications had a positive return on equity of 8.08% and a negative net margin of 10.90%. The firm had revenue of $121.73 million for the quarter, compared to analyst estimates of $129.43 million. During the same quarter last year, the company earned ($0.04) earnings per share. The firm’s revenue for the quarter was down 10.0% on a year-over-year basis. On average, sell-side analysts expect that Ribbon Communications will post 0.45 EPS for the current fiscal year.

In other Ribbon Communications news, CEO Franklin W. Iv Hobbs bought 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were purchased at an average price of $4.84 per share, with a total value of $484,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kent Mathy bought 20,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was acquired at an average cost of $4.72 per share, for a total transaction of $96,760.00. The disclosure for this purchase can be found here. Corporate insiders own 1.66% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Paradigm Capital Management Inc. NY increased its stake in shares of Ribbon Communications by 25.9% during the 1st quarter. Paradigm Capital Management Inc. NY now owns 2,800,700 shares of the communications equipment provider’s stock worth $14,424,000 after purchasing an additional 576,080 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Ribbon Communications by 13.4% during the 4th quarter. BlackRock Inc. now owns 4,045,401 shares of the communications equipment provider’s stock worth $19,498,000 after buying an additional 479,112 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Ribbon Communications by 121.8% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 803,920 shares of the communications equipment provider’s stock worth $4,140,000 after buying an additional 441,400 shares during the period. Kennedy Capital Management Inc. bought a new stake in shares of Ribbon Communications during the 1st quarter worth $2,034,000. Finally, Intrinsic Edge Capital Management LLC bought a new stake in shares of Ribbon Communications during the 4th quarter worth $1,467,000. 79.24% of the stock is currently owned by hedge funds and other institutional investors.

About Ribbon Communications

Ribbon Communications Inc provides networked solutions in the United States, Europe, the Middle East, Africa, Japan, other Asia Pacific, and internationally. The company offers service provider solutions, such as fixed network transformation, mobile network evolution, secure network interconnects, network functions virtualization, cloud communications, and communications security solutions that enables secure and innovative business and consumer communications services.

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