Ribbon Communications Inc. (NASDAQ:RBBN) Receives Consensus Rating of “Moderate Buy” from Analysts

Ribbon Communications Inc. (NASDAQ:RBBN) has been given an average rating of “Moderate Buy” by the six brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $3.58.

RBBN has been the topic of several research analyst reports. B. Riley Financial cut shares of Ribbon Communications from a “buy” rating to a “neutral” rating and set a $2.90 price target on the stock. in a research note on Friday, February 6th. Citigroup reaffirmed an “outperform” rating on shares of Ribbon Communications in a report on Friday, February 6th. Northland Securities set a $4.00 price objective on Ribbon Communications in a research report on Friday, February 6th. Craig Hallum reissued a “buy” rating and issued a $3.00 target price on shares of Ribbon Communications in a research note on Wednesday, February 11th. Finally, Citizens Jmp dropped their target price on Ribbon Communications from $6.00 to $4.00 and set a “market outperform” rating for the company in a research report on Friday, February 6th.

Institutional Trading of Ribbon Communications

Several institutional investors and hedge funds have recently added to or reduced their stakes in RBBN. State of Alaska Department of Revenue acquired a new position in Ribbon Communications during the 3rd quarter valued at about $29,000. Kathmere Capital Management LLC bought a new position in shares of Ribbon Communications in the 4th quarter valued at about $29,000. Tower Research Capital LLC TRC grew its position in shares of Ribbon Communications by 453.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,025 shares of the communications equipment provider’s stock worth $40,000 after buying an additional 8,213 shares during the period. Indivisible Partners bought a new stake in shares of Ribbon Communications during the fourth quarter worth approximately $30,000. Finally, Mackenzie Financial Corp bought a new stake in shares of Ribbon Communications during the fourth quarter worth approximately $31,000. 70.92% of the stock is owned by institutional investors.

Ribbon Communications Trading Down 0.5%

RBBN stock opened at $2.13 on Friday. The business has a fifty day moving average price of $2.31 and a 200 day moving average price of $2.94. Ribbon Communications has a fifty-two week low of $1.80 and a fifty-two week high of $4.29. The stock has a market capitalization of $374.03 million, a price-to-earnings ratio of 9.68 and a beta of 1.06. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.44 and a quick ratio of 1.19.

Ribbon Communications (NASDAQ:RBBN) last announced its earnings results on Thursday, February 5th. The communications equipment provider reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.48. The company had revenue of $227.32 million during 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 firm’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same period last year, the company posted $0.16 earnings per share. Analysts expect that Ribbon Communications will post 0.18 EPS for the current fiscal year.

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.