Ribbon Communications Inc. $RBBN Position Boosted by Royce & Associates LP

Royce & Associates LP lifted its stake in shares of Ribbon Communications Inc. (NASDAQ:RBBN) by 7.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,614,741 shares of the communications equipment provider’s stock after purchasing an additional 309,271 shares during the period. Royce & Associates LP owned about 2.61% of Ribbon Communications worth $13,290,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Kathmere Capital Management LLC bought a new position in shares of Ribbon Communications during the fourth quarter worth about $29,000. Tower Research Capital LLC TRC lifted its position in shares of Ribbon Communications by 453.3% during the second quarter. Tower Research Capital LLC TRC now owns 10,025 shares of the communications equipment provider’s stock worth $40,000 after purchasing an additional 8,213 shares during the last quarter. Indivisible Partners bought a new position in shares of Ribbon Communications during the fourth quarter worth about $30,000. Schonfeld Strategic Advisors LLC acquired a new stake in Ribbon Communications during the third quarter worth about $41,000. Finally, Keel Point LLC acquired a new stake in Ribbon Communications during the second quarter worth about $45,000. Institutional investors own 70.92% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Citizens Jmp dropped their price objective on shares of Ribbon Communications from $6.00 to $4.00 and set a “market outperform” rating on the stock in a research note on Friday, February 6th. Weiss Ratings lowered shares of Ribbon Communications from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 11th. Northland Securities set a $4.00 price objective on shares of Ribbon Communications in a research note on Friday, February 6th. Rosenblatt Securities dropped their price objective on shares of Ribbon Communications from $6.00 to $4.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Finally, B. Riley Financial reiterated a “neutral” rating on shares of Ribbon Communications in a research note on Wednesday, April 29th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $3.58.

Ribbon Communications Price Performance

Shares of NASDAQ:RBBN opened at $3.11 on Thursday. The firm’s 50 day moving average is $2.50 and its two-hundred day moving average is $2.60. Ribbon Communications Inc. has a 52 week low of $1.80 and a 52 week high of $4.29. The firm has a market capitalization of $547.79 million, a P/E ratio of 18.29 and a beta of 1.26. 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 (NASDAQ:RBBN) last announced its quarterly earnings results on Tuesday, April 28th. The communications equipment provider reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.01. Ribbon Communications had a net margin of 3.80% and a return on equity of 24.14%. The company had revenue of $162.61 million for the quarter, compared to analyst estimates of $163.43 million. During the same quarter last year, the business earned ($0.03) earnings per share. Ribbon Communications’s revenue was down 10.3% compared to the same quarter last year. Analysts anticipate that Ribbon Communications Inc. will post 0.02 earnings per share for the current 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.