News coverage about Ribbon Communications (NASDAQ:RBBN) has been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Ribbon Communications earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned media coverage about the communications equipment provider an impact score of 44.7631632621147 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the headlines that may have impacted Accern Sentiment’s analysis:

RBBN has been the topic of a number of recent research reports. Zacks Investment Research cut Ribbon Communications from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. William Blair reissued a “buy” rating on shares of Ribbon Communications in a research note on Friday, October 13th. Cowen reaffirmed a “sell” rating on shares of Ribbon Communications in a report on Tuesday, October 17th. Finally, TheStreet raised Ribbon Communications from a “d+” rating to a “c” rating in a report on Monday, October 23rd. Three research analysts have rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Ribbon Communications has an average rating of “Hold” and a consensus target price of $7.25.

Ribbon Communications (NASDAQ RBBN) opened at $8.01 on Wednesday. Ribbon Communications has a 1-year low of $5.77 and a 1-year high of $9.05.

Ribbon Communications (NASDAQ:RBBN) last posted its quarterly earnings data on Monday, October 30th. The communications equipment provider reported $0.26 EPS for the quarter, topping the consensus estimate of $0.18 by $0.08. Ribbon Communications had a negative return on equity of 1.87% and a negative net margin of 8.82%. The firm had revenue of $74.60 million for the quarter, compared to the consensus estimate of $68.50 million. During the same quarter last year, the company earned $0.12 earnings per share. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. analysts forecast that Ribbon Communications will post 0.09 EPS for the current fiscal year.

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Ribbon Communications Company Profile

Sonus Networks, Inc, formerly Solstice Sapphire Investments, Inc, is a provider of networked solutions for communications service providers and enterprises to help them secure and unify their real-time communications infrastructures. The Company helps communications service providers and enterprises hold the session initiation protocol (SIP) and fourth generation (4G)/long term evolution (LTE)-based solutions, including voice over Internet protocol (VoIP), voice over wireless fidelity (VoWiFi), video and unified communications (UC) by securing and enabling Internet Protocol (IP) networks.

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