Ribbon Communications Inc. (NASDAQ:RBBN) Given Average Recommendation of “Moderate Buy” by Brokerages

Ribbon Communications Inc. (NASDAQ:RBBN) has received a consensus rating of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $3.58.

A number of research firms have recently issued reports on RBBN. Craig Hallum restated a “buy” rating and set a $3.00 price objective on shares of Ribbon Communications in a research report on Wednesday, February 11th. B. Riley Financial cut Ribbon Communications from a “buy” rating to a “neutral” rating and set a $2.90 target price for the company. in a research report on Friday, February 6th. Northland Securities set a $4.00 price target on shares of Ribbon Communications in a report on Friday, February 6th. Rosenblatt Securities dropped their price objective on shares of Ribbon Communications from $6.00 to $4.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Ribbon Communications in a report on Friday, February 6th.

Ribbon Communications Stock Down 0.5%

NASDAQ RBBN opened at $2.13 on Friday. Ribbon Communications has a twelve month low of $1.80 and a twelve month high of $4.29. The stock has a market cap of $374.03 million, a PE ratio of 9.68 and a beta of 1.06. The firm has a 50-day simple moving average of $2.31 and a 200 day simple moving average of $2.94. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.19 and a current ratio of 1.44.

Ribbon Communications (NASDAQ:RBBN) last issued its quarterly earnings results on Thursday, February 5th. The communications equipment provider reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.48. The firm had revenue of $227.32 million for the quarter, compared to analyst estimates of $241.35 million. Ribbon Communications had a return on equity of 26.11% and a net margin of 4.69%.The company’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.16 earnings per share. On average, research analysts forecast that Ribbon Communications will post 0.18 EPS for the current year.

Institutional Trading of Ribbon Communications

Several institutional investors have recently bought and sold shares of RBBN. State of Alaska Department of Revenue acquired a new position in Ribbon Communications during the third quarter worth $29,000. Kathmere Capital Management LLC bought a new stake in shares of Ribbon Communications in the 4th quarter worth about $29,000. Tower Research Capital LLC TRC grew its holdings in shares of Ribbon Communications by 453.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,025 shares of the communications equipment provider’s stock worth $40,000 after purchasing an additional 8,213 shares during the last quarter. Indivisible Partners acquired a new stake in shares of Ribbon Communications during the 4th quarter worth about $30,000. Finally, Mackenzie Financial Corp bought a new position in Ribbon Communications during the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

Ribbon Communications Company Profile

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.