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

Ribbon Communications Inc. (NASDAQ:RBBN) has received a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $3.58.

A number of analysts have recently issued reports on the stock. Northland Securities set a $4.00 price target on shares of Ribbon Communications in a research report on Friday, February 6th. B. Riley Financial reissued a “neutral” rating on shares of Ribbon Communications in a research report on Wednesday, April 29th. Citizens Jmp reduced their price target 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. Rosenblatt Securities reduced their price target on shares of Ribbon Communications from $6.00 to $4.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Finally, Citigroup reissued an “outperform” rating on shares of Ribbon Communications in a research report on Friday, February 6th.

Ribbon Communications Price Performance

RBBN stock opened at $2.79 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.09 and a debt-to-equity ratio of 0.77. Ribbon Communications has a one year low of $1.80 and a one year high of $4.29. The firm has a market capitalization of $491.43 million, a PE ratio of 16.41 and a beta of 1.26. The firm has a 50-day moving average of $2.46 and a two-hundred day moving average of $2.61.

Ribbon Communications (NASDAQ:RBBN) last posted its quarterly earnings data on Tuesday, April 28th. The communications equipment provider reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the firm earned ($0.03) earnings per share. The business’s quarterly revenue was down 10.3% on a year-over-year basis. On average, analysts forecast that Ribbon Communications will post 0.02 earnings per share for the current year.

Institutional Trading of Ribbon Communications

A number of hedge funds have recently made changes to their positions in RBBN. Kennedy Capital Management LLC purchased a new stake in shares of Ribbon Communications in the fourth quarter worth approximately $2,047,000. Royce & Associates LP lifted its position 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 purchasing an additional 633,035 shares in the last quarter. Cinctive Capital Management LP purchased a new stake in shares of Ribbon Communications in the third quarter worth approximately $1,991,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Ribbon Communications by 99.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 964,446 shares of the communications equipment provider’s stock worth $3,665,000 after purchasing an additional 481,276 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of Ribbon Communications by 88.9% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 890,168 shares of the communications equipment provider’s stock worth $2,564,000 after purchasing an additional 418,967 shares in the last quarter. 70.92% of the stock is owned by hedge funds and other institutional investors.

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.