Ribbon Communications Inc. (NASDAQ:RBBN) Given Consensus Recommendation of “Hold” by Analysts

Ribbon Communications Inc. (NASDAQ:RBBNGet Free Report) has been assigned an average rating of “Hold” from the five analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $6.00.

Several research firms have weighed in on RBBN. Rosenblatt Securities reiterated a “buy” rating and set a $6.00 target price on shares of Ribbon Communications in a research note on Thursday, October 23rd. Wall Street Zen lowered Ribbon Communications from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Citigroup reiterated an “outperform” rating on shares of Ribbon Communications in a research report on Friday. B. Riley lowered Ribbon Communications from a “buy” rating to a “neutral” rating in a research note on Friday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Ribbon Communications in a research note on Thursday, January 22nd.

Get Our Latest Stock Analysis on Ribbon Communications

Ribbon Communications Stock Up 1.1%

RBBN stock opened at $2.72 on Friday. The company has a market capitalization of $480.35 million, a P/E ratio of -11.33 and a beta of 1.07. The company has a current ratio of 1.43, a quick ratio of 1.16 and a debt-to-equity ratio of 0.91. Ribbon Communications has a twelve month low of $2.60 and a twelve month high of $5.38. The firm has a 50 day simple moving average of $2.84 and a 200-day simple moving average of $3.38.

Ribbon Communications (NASDAQ:RBBNGet Free Report) last issued its earnings results on Thursday, February 5th. The communications equipment provider reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.48. The business had revenue of $227.32 million for the quarter, compared to analyst estimates of $241.35 million. Ribbon Communications had a negative net margin of 4.96% and a positive return on equity of 6.49%. The company’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.16 EPS. On average, equities research analysts predict that Ribbon Communications will post 0.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ribbon Communications

Several hedge funds have recently made changes to their positions in the business. Pacific Ridge Capital Partners LLC lifted its stake in Ribbon Communications by 4.6% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 246,129 shares of the communications equipment provider’s stock valued at $709,000 after buying an additional 10,800 shares in the last quarter. Indivisible Partners acquired a new stake in shares of Ribbon Communications during the fourth quarter valued at approximately $30,000. State of Alaska Department of Revenue lifted its position in shares of Ribbon Communications by 227.2% in the 4th quarter. State of Alaska Department of Revenue now owns 25,390 shares of the communications equipment provider’s stock valued at $72,000 after acquiring an additional 17,631 shares in the last quarter. Trilogy Capital Inc. boosted its stake in Ribbon Communications by 163.0% in the 4th quarter. Trilogy Capital Inc. now owns 65,360 shares of the communications equipment provider’s stock worth $188,000 after purchasing an additional 40,510 shares during the period. Finally, Kathmere Capital Management LLC purchased a new position in Ribbon Communications during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

Ribbon Communications News Roundup

Here are the key news stories impacting Ribbon Communications this week:

About Ribbon Communications

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Ribbon Communications (NASDAQ:RBBN)

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