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

Shares of Ribbon Communications Inc. (NASDAQ:RBBN) have earned an average recommendation of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $3.58.

A number of research analysts have issued reports on RBBN shares. Weiss Ratings cut 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 report on Sunday, May 3rd. Finally, B. Riley Financial reiterated a “neutral” rating on shares of Ribbon Communications in a report on Wednesday, April 29th.

Ribbon Communications Stock Performance

Shares of NASDAQ RBBN opened at $2.14 on Monday. The company’s fifty day moving average is $2.65 and its 200-day moving average is $2.54. The stock has a market cap of $376.94 million, a price-to-earnings ratio of 12.59 and a beta of 1.34. Ribbon Communications has a twelve month low of $1.80 and a twelve month high of $4.29. The company has a quick ratio of 1.09, a current ratio of 1.37 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) earnings per share (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 during the quarter, compared to analyst estimates of $163.43 million. During the same quarter in the previous year, the business earned ($0.03) EPS. The firm’s revenue was down 10.3% on a year-over-year basis. Equities research analysts predict that Ribbon Communications will post 0.02 EPS for the current year.

Institutional Trading of Ribbon Communications

Hedge funds have recently bought and sold shares of the stock. AQR Capital Management LLC bought a new position in Ribbon Communications in the first quarter valued at approximately $805,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Ribbon Communications during the first quarter worth $124,000. Jane Street Group LLC increased its position in shares of Ribbon Communications by 436.9% during the first quarter. Jane Street Group LLC now owns 101,211 shares of the communications equipment provider’s stock worth $397,000 after acquiring an additional 82,361 shares in the last quarter. Strs Ohio acquired a new stake in shares of Ribbon Communications during the first quarter worth $69,000. Finally, Creative Planning raised its holdings in shares of Ribbon Communications by 64.8% during the second quarter. Creative Planning now owns 24,621 shares of the communications equipment provider’s stock worth $99,000 after acquiring an additional 9,682 shares during the period. 70.92% of the stock is currently owned by institutional investors and hedge funds.

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.