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

Shares of Ribbon Communications Inc. (NASDAQ:RBBN) have been given an average rating of “Moderate Buy” by the six analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $3.58.

A number of equities analysts recently issued reports on the company. B. Riley Financial restated a “neutral” rating on shares of Ribbon Communications in a research note on Wednesday, April 29th. Weiss Ratings lowered Ribbon Communications from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 11th. Wall Street Zen lowered Ribbon Communications from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Finally, Craig Hallum reaffirmed a “buy” rating and set a $3.00 price target on shares of Ribbon Communications in a research report on Wednesday, February 11th.

Institutional Investors Weigh In On Ribbon Communications

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kennedy Capital Management LLC acquired a new stake in shares of Ribbon Communications during the 4th quarter valued at about $2,047,000. Royce & Associates LP grew its position in shares of Ribbon Communications by 17.2% during the 3rd quarter. Royce & Associates LP now owns 4,305,470 shares of the communications equipment provider’s stock valued at $16,361,000 after acquiring an additional 633,035 shares during the period. Cinctive Capital Management LP acquired a new stake in shares of Ribbon Communications during the 3rd quarter valued at about $1,991,000. Arrowstreet Capital Limited Partnership grew its position in shares of Ribbon Communications by 99.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 964,446 shares of the communications equipment provider’s stock valued at $3,665,000 after acquiring an additional 481,276 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of Ribbon Communications by 88.9% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 890,168 shares of the communications equipment provider’s stock valued at $2,564,000 after acquiring an additional 418,967 shares during the period. 70.92% of the stock is owned by institutional investors and hedge funds.

Ribbon Communications Stock Performance

Shares of RBBN stock opened at $2.62 on Thursday. The firm has a market capitalization of $461.49 million, a price-to-earnings ratio of 15.41 and a beta of 1.31. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.37 and a quick ratio of 1.09. The business has a fifty day moving average of $2.67 and a 200 day moving average of $2.60. Ribbon Communications has a 1 year low of $1.80 and a 1 year high of $4.29.

Ribbon Communications (NASDAQ:RBBN) last issued its earnings results on Tuesday, April 28th. The communications equipment provider reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The company had revenue of $162.61 million during the quarter, compared to analyst estimates of $163.43 million. Ribbon Communications had a return on equity of 24.14% and a net margin of 3.80%.The firm’s quarterly revenue was down 10.3% on a year-over-year basis. During the same quarter last year, the business posted ($0.03) EPS. As a group, research analysts expect that Ribbon Communications will post 0.02 earnings per share for the current year.

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.