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

Shares of Ribbon Communications Inc. (NASDAQ:RBBN) have earned an average recommendation of “Moderate Buy” from the six analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $3.58.

Several research analysts have recently commented on the company. Weiss Ratings downgraded Ribbon Communications from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 11th. B. Riley Financial reissued a “neutral” rating on shares of Ribbon Communications in a report on Wednesday, April 29th. Finally, Wall Street Zen downgraded Ribbon Communications from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Royce & Associates LP lifted its holdings in Ribbon Communications by 17.2% during the 3rd quarter. Royce & Associates LP now owns 4,305,470 shares of the communications equipment provider’s stock worth $16,361,000 after buying an additional 633,035 shares in the last quarter. Cinctive Capital Management LP acquired a new position in Ribbon Communications during the 3rd quarter worth $1,991,000. Vestmark Advisory Solutions Inc. acquired a new position in Ribbon Communications during the 3rd quarter worth $57,000. MQS Management LLC acquired a new position in Ribbon Communications during the 3rd quarter worth $81,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Ribbon Communications during the 1st quarter worth $26,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

Ribbon Communications Stock Down 1.9%

NASDAQ RBBN opened at $2.56 on Thursday. The company has a market capitalization of $450.92 million, a price-to-earnings ratio of 15.06 and a beta of 1.31. 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 1-year low of $1.80 and a 1-year high of $4.29. The stock’s 50 day moving average is $2.71 and its two-hundred day moving average is $2.59.

Ribbon Communications (NASDAQ:RBBN) last announced its earnings results on Tuesday, April 28th. The communications equipment provider reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.01. The business had revenue of $162.61 million for the quarter, compared to the consensus estimate of $163.43 million. Ribbon Communications had a return on equity of 24.14% and a net margin of 3.80%.Ribbon Communications’s revenue was down 10.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.03) EPS. Equities analysts forecast that Ribbon Communications will post 0.02 earnings per share 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.