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

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

A number of brokerages have commented on RBBN. Wall Street Zen downgraded shares of Ribbon Communications from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Weiss Ratings cut shares of Ribbon Communications from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 11th. Finally, B. Riley Financial reiterated a “neutral” rating on shares of Ribbon Communications in a research note on Wednesday, April 29th.

Ribbon Communications Price Performance

RBBN stock opened at $2.32 on Monday. The business’s 50-day moving average is $2.61 and its two-hundred day moving average is $2.52. 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 firm has a market capitalization of $408.64 million, a P/E ratio of 13.65 and a beta of 1.34. Ribbon Communications has a 1 year low of $1.80 and a 1 year high of $4.29.

Ribbon Communications (NASDAQ:RBBN) last released its earnings results on Tuesday, April 28th. The communications equipment provider reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The firm had revenue of $162.61 million for the quarter, compared to analyst estimates of $163.43 million. Ribbon Communications had a net margin of 3.80% and a return on equity of 24.14%. The business’s quarterly revenue was down 10.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.03) earnings per share. Analysts anticipate that Ribbon Communications will post 0.02 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RBBN. Cinctive Capital Management LP acquired a new stake in shares of Ribbon Communications during the 3rd quarter worth about $1,991,000. Royce & Associates LP boosted its holdings in Ribbon Communications by 7.2% in the fourth quarter. Royce & Associates LP now owns 4,614,741 shares of the communications equipment provider’s stock valued at $13,290,000 after purchasing an additional 309,271 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Ribbon Communications in the first quarter valued at approximately $26,000. OP Asset Management Ltd purchased a new position in Ribbon Communications in the first quarter valued at approximately $438,000. Finally, Global Retirement Partners LLC purchased a new position in Ribbon Communications in the fourth quarter valued at approximately $86,000. 70.92% of the stock is 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.