Ribbon Communications Inc. (NASDAQ:RBBN) Receives Consensus Rating of “Moderate Buy” from Brokerages

Ribbon Communications Inc. (NASDAQ:RBBN) has received a consensus rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $3.58.

A number of research firms recently commented on RBBN. Rosenblatt Securities decreased their price objective on Ribbon Communications from $6.00 to $4.00 and set a “buy” rating for the company in a report on Friday, February 6th. Citizens Jmp cut their target price on shares of Ribbon Communications from $6.00 to $4.00 and set a “market outperform” rating for the company in a research report on Friday, February 6th. Northland Securities set a $4.00 target price on shares of Ribbon Communications in a research note on Friday, February 6th. B. Riley Financial cut shares of Ribbon Communications from a “buy” rating to a “neutral” rating and set a $2.90 price target on the stock. in a research note on Friday, February 6th. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $3.00 price objective on shares of Ribbon Communications in a report on Wednesday, February 11th.

Ribbon Communications Trading Up 3.3%

NASDAQ:RBBN opened at $2.19 on Friday. The stock has a market capitalization of $384.56 million, a price-to-earnings ratio of 9.95 and a beta of 1.07. The firm has a fifty day simple moving average of $2.28 and a two-hundred day simple moving average of $2.90. The company has a current ratio of 1.44, a quick ratio of 1.19 and a debt-to-equity ratio of 0.72. Ribbon Communications has a 12 month low of $1.80 and a 12 month high of $4.29.

Ribbon Communications (NASDAQ:RBBN) last announced its quarterly earnings results on Thursday, February 5th. The communications equipment provider reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.48. The business had revenue of $227.32 million for the quarter, compared to analysts’ expectations of $241.35 million. Ribbon Communications had a net margin of 4.69% and a return on equity of 26.11%. The firm’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 EPS. Analysts expect that Ribbon Communications will post 0.18 EPS for the current fiscal year.

Hedge Funds Weigh In On Ribbon Communications

Institutional investors have recently made changes to their positions in the stock. Royce & Associates LP increased its stake in shares of Ribbon Communications by 17.2% in the third quarter. Royce & Associates LP now owns 4,305,470 shares of the communications equipment provider’s stock worth $16,361,000 after buying an additional 633,035 shares during the period. Cinctive Capital Management LP purchased a new position in shares of Ribbon Communications in the third quarter valued at about $1,991,000. GSA Capital Partners LLP raised its stake in shares of Ribbon Communications by 33.0% during the fourth quarter. GSA Capital Partners LLP now owns 287,583 shares of the communications equipment provider’s stock valued at $828,000 after acquiring an additional 71,300 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its stake in shares of 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 acquiring an additional 10,800 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Ribbon Communications by 102.7% during the fourth quarter. SG Americas Securities LLC now owns 41,537 shares of the communications equipment provider’s stock worth $120,000 after purchasing an additional 21,041 shares during the period. Institutional investors own 70.92% of the company’s stock.

Ribbon Communications Company Profile

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.