Ribbon Communications Inc. (NASDAQ:RBBN – Get Free Report) Director Beatriz V. Infante sold 5,790 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $3.04, for a total transaction of $17,601.60. Following the sale, the director now directly owns 303,549 shares in the company, valued at $922,788.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Ribbon Communications Stock Down 2.7 %
Ribbon Communications stock opened at $2.92 on Wednesday. Ribbon Communications Inc. has a twelve month low of $1.78 and a twelve month high of $3.95. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.19 and a current ratio of 1.48. The firm has a market cap of $507.82 million, a PE ratio of -8.34 and a beta of 1.09. The firm’s 50 day moving average price is $3.26 and its two-hundred day moving average price is $3.12.
Ribbon Communications (NASDAQ:RBBN – Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The communications equipment provider reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The company had revenue of $192.62 million during the quarter, compared to analyst estimates of $203.05 million. Ribbon Communications had a positive return on equity of 5.32% and a negative net margin of 6.68%. During the same period last year, the company posted $0.01 earnings per share. On average, research analysts predict that Ribbon Communications Inc. will post 0.13 EPS for the current fiscal year.
Institutional Investors Weigh In On Ribbon Communications
Wall Street Analyst Weigh In
Separately, Rosenblatt Securities reissued a “buy” rating and set a $5.00 price target on shares of Ribbon Communications in a research report on Thursday, July 25th.
Get Our Latest Analysis on Ribbon Communications
About Ribbon Communications
Ribbon Communications Inc provides communications technology in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. It operates through two segments, Cloud and Edge, and IP Optical Networks. The Cloud and Edge segment provides software and hardware products, solutions, and services for voice over internet protocol communications, voice over long-term evolution, and voice over 5G communications, and unified communications and collaboration.
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