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

Ribbon Communications Inc. (NASDAQ:RBBN) has been given a consensus rating of “Moderate Buy” by the four ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating and three have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $6.00.

Several equities research analysts recently weighed in on RBBN shares. Weiss Ratings restated a “sell (d-)” rating on shares of Ribbon Communications in a research report on Wednesday, October 8th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $6.00 price target on shares of Ribbon Communications in a report on Thursday, October 23rd. Finally, Wall Street Zen lowered Ribbon Communications from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th.

Hedge Funds Weigh In On Ribbon Communications

Large investors have recently made changes to their positions in the company. State of Alaska Department of Revenue bought a new stake in Ribbon Communications in the third quarter worth about $29,000. Tower Research Capital LLC TRC grew its position in Ribbon Communications by 453.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,025 shares of the communications equipment provider’s stock valued at $40,000 after acquiring an additional 8,213 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in Ribbon Communications in the third quarter worth $41,000. Ballentine Partners LLC purchased a new stake in Ribbon Communications in the second quarter worth $44,000. Finally, Keel Point LLC purchased a new position in Ribbon Communications in the 2nd quarter worth about $45,000. 70.92% of the stock is owned by hedge funds and other institutional investors.

Ribbon Communications Trading Down 0.3%

Ribbon Communications stock opened at $2.93 on Wednesday. The stock has a market cap of $517.44 million, a P/E ratio of -12.21 and a beta of 1.03. The firm’s 50 day moving average price is $3.14 and its 200-day moving average price is $3.64. Ribbon Communications has a 1 year low of $2.71 and a 1 year high of $5.38. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.43 and a quick ratio of 1.16.

Ribbon Communications (NASDAQ:RBBN) last released its quarterly earnings data on Monday, March 27th. The communications equipment provider reported $0.01 EPS for the quarter. The business had revenue of $100.28 million during the quarter. Ribbon Communications had a negative net margin of 4.96% and a positive return on equity of 6.49%. On average, equities analysts predict that Ribbon Communications will post 0.18 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.