Ribbon Communications (NASDAQ:RBBN) EVP Sells $83,200.00 in Stock

Ribbon Communications Inc. (NASDAQ:RBBN) EVP Dan Redington sold 20,000 shares of the company’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $4.16, for a total value of $83,200.00. Following the completion of the transaction, the executive vice president owned 169,610 shares of the company’s stock, valued at $705,577.60. The trade was a 10.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Dan Redington also recently made the following trade(s):

• On Monday, September 8th, Dan Redington sold 14,176 shares of Ribbon Communications stock. The stock was sold at an average price of $4.02, for a total value of $56,987.52.
• On Friday, September 5th, Dan Redington sold 155,434 shares of Ribbon Communications stock. The stock was sold at an average price of $4.03, for a total value of $626,399.02.

Ribbon Communications Trading Down 2.5%

Shares of RBBN stock opened at $3.95 on Thursday. The stock has a market capitalization of $699.47 million, a PE ratio of -15.80 and a beta of 1.39. Ribbon Communications Inc. has a 1-year low of $2.84 and a 1-year high of $5.38. The business has a 50-day moving average of $3.95 and a 200 day moving average of $3.84. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.38 and a quick ratio of 1.13.

Ribbon Communications (NASDAQ:RBBN) last issued its earnings results on Wednesday, July 23rd. The communications equipment provider reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. The company had revenue of $220.58 million during the quarter, compared to analysts’ expectations of $213.31 million. Ribbon Communications had a positive return on equity of 7.08% and a negative net margin of 5.14%.Ribbon Communications’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.05 EPS. Ribbon Communications has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Ribbon Communications Inc. will post 0.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Wall Street Zen upgraded Ribbon Communications from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Rosenblatt Securities increased their target price on Ribbon Communications from $5.50 to $6.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $6.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Ribbon Communications by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 7,457,467 shares of the communications equipment provider’s stock valued at $29,233,000 after purchasing an additional 55,394 shares during the last quarter. Royce & Associates LP raised its position in Ribbon Communications by 10.3% during the 1st quarter. Royce & Associates LP now owns 3,092,068 shares of the communications equipment provider’s stock valued at $12,121,000 after purchasing an additional 289,210 shares during the last quarter. Geode Capital Management LLC raised its position in Ribbon Communications by 7.9% during the 2nd quarter. Geode Capital Management LLC now owns 2,303,256 shares of the communications equipment provider’s stock valued at $9,238,000 after purchasing an additional 169,402 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in Ribbon Communications by 24.1% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,476,053 shares of the communications equipment provider’s stock valued at $5,919,000 after purchasing an additional 286,803 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its position in Ribbon Communications by 16.5% during the 2nd quarter. First Eagle Investment Management LLC now owns 1,025,914 shares of the communications equipment provider’s stock valued at $4,114,000 after purchasing an additional 145,159 shares during the last quarter. Institutional investors own 70.92% of the company’s stock.

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.