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

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

RBBN has been the topic of several research analyst reports. B. Riley Financial reiterated a “neutral” rating on shares of Ribbon Communications in a report on Wednesday, April 29th. Weiss Ratings cut Ribbon Communications from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 11th. Wall Street Zen cut Ribbon Communications from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Finally, 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.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of RBBN. Kennedy Capital Management LLC purchased a new position in Ribbon Communications in the 4th quarter worth approximately $2,047,000. Royce & Associates LP lifted its stake in Ribbon Communications by 17.2% in the 3rd quarter. Royce & Associates LP now owns 4,305,470 shares of the communications equipment provider’s stock worth $16,361,000 after purchasing an additional 633,035 shares in the last quarter. Cinctive Capital Management LP purchased a new position in Ribbon Communications in the 3rd quarter worth approximately $1,991,000. Arrowstreet Capital Limited Partnership lifted its stake in Ribbon Communications by 99.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 964,446 shares of the communications equipment provider’s stock worth $3,665,000 after purchasing an additional 481,276 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in Ribbon Communications by 88.9% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 890,168 shares of the communications equipment provider’s stock worth $2,564,000 after purchasing an additional 418,967 shares in the last quarter. 70.92% of the stock is owned by hedge funds and other institutional investors.

Ribbon Communications Trading Down 1.5%

RBBN stock opened at $2.62 on Thursday. The company has a current ratio of 1.37, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77. Ribbon Communications has a 12-month low of $1.80 and a 12-month high of $4.29. The stock has a market cap of $461.49 million, a price-to-earnings ratio of 15.41 and a beta of 1.31. The business’s 50-day moving average is $2.67 and its 200 day moving average is $2.60.

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

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.