Ribbon Communications Inc. $RBBN Stake Lifted by Royce & Associates LP

Royce & Associates LP increased its stake in Ribbon Communications Inc. (NASDAQ:RBBN) by 7.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,614,741 shares of the communications equipment provider’s stock after acquiring an additional 309,271 shares during the period. Royce & Associates LP’s holdings in Ribbon Communications were worth $13,290,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Alliancebernstein L.P. boosted 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 acquiring an additional 6,000 shares in the last quarter. GSA Capital Partners LLP boosted 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 acquiring an additional 6,173 shares in the last quarter. Susquehanna Fundamental Investments LLC boosted 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 acquiring an additional 7,301 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Ribbon Communications by 0.8% in the third quarter. First Eagle Investment Management LLC now owns 1,033,914 shares of the communications equipment provider’s stock valued at $3,929,000 after acquiring an additional 8,000 shares in the last quarter. Finally, Silverberg Bernstein Capital Management LLC boosted its holdings in shares of Ribbon Communications by 1.9% in the fourth quarter. Silverberg Bernstein Capital Management LLC now owns 436,023 shares of the communications equipment provider’s stock valued at $1,256,000 after acquiring an additional 8,044 shares in the last quarter. 70.92% of the stock is currently owned by institutional investors.

Ribbon Communications Trading Up 9.9%

Shares of NASDAQ:RBBN opened at $3.11 on Thursday. The stock has a market capitalization of $547.79 million, a price-to-earnings ratio of 18.29 and a beta of 1.26. Ribbon Communications Inc. has a 1-year low of $1.80 and a 1-year high of $4.29. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.37. The company has a 50 day moving average price of $2.50 and a 200 day moving average price of $2.60.

Ribbon Communications (NASDAQ:RBBN) last issued its earnings results on Tuesday, April 28th. The communications equipment provider reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The firm had revenue of $162.61 million during the quarter, compared to analysts’ expectations of $163.43 million. Ribbon Communications had a net margin of 3.80% and a return on equity of 24.14%. The firm’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.03) earnings per share. On average, research analysts anticipate that Ribbon Communications Inc. will post 0.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on RBBN shares. B. Riley Financial reiterated a “neutral” rating on shares of Ribbon Communications in a report on Wednesday, April 29th. Craig Hallum reiterated a “buy” rating and issued a $3.00 price objective on shares of Ribbon Communications in a report on Wednesday, February 11th. Citizens Jmp decreased their price objective on shares of Ribbon Communications from $6.00 to $4.00 and set a “market outperform” rating for the company in a report on Friday, February 6th. Wall Street Zen cut shares of Ribbon Communications from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Finally, Northland Securities set a $4.00 target price on shares of Ribbon Communications in a report on Friday, February 6th. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $3.58.

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.