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

Ribbon Communications Inc. (NASDAQ:RBBN) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $3.5167.

Several research analysts have commented on RBBN shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Ribbon Communications in a report on Friday, August 7th. CL King set a $3.30 price target on Ribbon Communications in a research report on Wednesday, July 29th. B. Riley Financial upgraded Ribbon Communications from a “neutral” rating to a “buy” rating and set a $3.30 price objective for the company in a research note on Wednesday, July 29th. Finally, Rosenblatt Securities decreased their price target on shares of Ribbon Communications from $4.00 to $3.50 and set a “buy” rating for the company in a research note on Wednesday, July 29th.

Ribbon Communications Stock Down 2.0%

Shares of NASDAQ:RBBN opened at $1.99 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.31 and a debt-to-equity ratio of 0.82. Ribbon Communications has a 52-week low of $1.80 and a 52-week high of $4.24. The business has a fifty day moving average of $2.14 and a two-hundred day moving average of $2.36. The stock has a market cap of $355.85 million, a P/E ratio of 24.88 and a beta of 1.36.

Ribbon Communications (NASDAQ:RBBN) last issued its quarterly earnings data on Tuesday, July 28th. The communications equipment provider reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.02). Ribbon Communications had a net margin of 1.96% and a return on equity of 19.91%. The company had revenue of $192.34 million during the quarter, compared to analysts’ expectations of $189.99 million. During the same quarter last year, the firm posted $0.05 earnings per share. The firm’s quarterly revenue was down 13.0% on a year-over-year basis. On average, research analysts expect that Ribbon Communications will post -0.05 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. AXQ Capital LP acquired a new position in Ribbon Communications during the 2nd quarter worth approximately $25,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Ribbon Communications in the 1st quarter worth about $26,000. Canada Pension Plan Investment Board acquired a new stake in shares of Ribbon Communications in the second quarter valued at approximately $27,000. Indivisible Partners acquired a new stake in Ribbon Communications during the 4th quarter valued at $30,000. Finally, Mackenzie Financial Corp purchased a new stake in Ribbon Communications during the 4th quarter worth about $31,000. 70.92% of the stock is currently owned by institutional investors and hedge funds.

About Ribbon Communications

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.