Jacobs Levy Equity Management Inc. Acquires 17,556 Shares of Ribbon Communications Inc. (NASDAQ:RBBN)

Jacobs Levy Equity Management Inc. grew its holdings in shares of Ribbon Communications Inc. (NASDAQ:RBBN) by 4.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 426,932 shares of the communications equipment provider’s stock after acquiring an additional 17,556 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Ribbon Communications were worth $1,776,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of RBBN. Walleye Capital LLC bought a new position in shares of Ribbon Communications during the fourth quarter valued at $43,000. Polymer Capital Management US LLC acquired a new stake in shares of Ribbon Communications during the fourth quarter worth $55,000. Penn Capital Management Company LLC acquired a new stake in shares of Ribbon Communications during the fourth quarter worth $56,000. Renaissance Technologies LLC acquired a new stake in shares of Ribbon Communications during the fourth quarter worth $59,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Ribbon Communications during the fourth quarter worth $64,000. Institutional investors own 70.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RBBN. JMP Securities reiterated a “market outperform” rating and set a $6.00 price objective on shares of Ribbon Communications in a research report on Thursday, February 13th. B. Riley decreased their price objective on shares of Ribbon Communications from $7.50 to $6.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. Rosenblatt Securities reiterated a “buy” rating and set a $5.50 price objective on shares of Ribbon Communications in a research report on Wednesday, April 30th. Finally, StockNews.com cut shares of Ribbon Communications from a “buy” rating to a “hold” rating in a report on Friday, May 2nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Ribbon Communications has a consensus rating of “Moderate Buy” and an average target price of $5.88.

Ribbon Communications Stock Performance

Shares of RBBN stock opened at $3.62 on Friday. The firm has a market cap of $639.09 million, a price-to-earnings ratio of -11.31 and a beta of 1.36. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.16 and a current ratio of 1.42. Ribbon Communications Inc. has a 52 week low of $2.75 and a 52 week high of $5.38. The firm’s 50-day simple moving average is $3.62 and its two-hundred day simple moving average is $3.96.

Ribbon Communications (NASDAQ:RBBN) last announced its quarterly earnings data on Tuesday, April 29th. The communications equipment provider reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.04). The company had revenue of $181.28 million during the quarter, compared to the consensus estimate of $191.66 million. Ribbon Communications had a positive return on equity of 7.36% and a negative net margin of 6.50%. The business’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.01) EPS. As a group, equities analysts forecast that Ribbon Communications Inc. will post 0.18 earnings per share for the current year.

Ribbon Communications Company Profile

Ribbon Communications Inc provides communications technology in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. It operates through two segments, Cloud and Edge, and IP Optical Networks. The Cloud and Edge segment provides software and hardware products, solutions, and services for voice over internet protocol communications, voice over long-term evolution, and voice over 5G communications, and unified communications and collaboration.