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

Ribbon Communications Inc. (NASDAQ:RBBN) has been assigned an average rating of “Moderate Buy” from the five brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $6.00.

Several brokerages have commented on RBBN. Wall Street Zen cut shares of Ribbon Communications from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ribbon Communications in a research note on Wednesday, October 8th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $6.00 target price on shares of Ribbon Communications in a research note on Thursday, October 23rd.

Ribbon Communications Trading Down 0.4%

NASDAQ:RBBN traded down $0.01 on Friday, hitting $2.75. 683,805 shares of the stock were exchanged, compared to its average volume of 594,918. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.16 and a current ratio of 1.43. Ribbon Communications has a 52 week low of $2.71 and a 52 week high of $5.38. The stock has a market capitalization of $485.65 million, a price-to-earnings ratio of -11.46 and a beta of 1.40. The company’s 50-day moving average price is $3.55 and its 200 day moving average price is $3.74.

Ribbon Communications (NASDAQ:RBBN) last issued its earnings results on Monday, March 27th. The communications equipment provider reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $100.28 million for the quarter. Ribbon Communications had a negative net margin of 4.96% and a positive return on equity of 6.49%. On average, equities research analysts forecast that Ribbon Communications will post 0.18 earnings per share for the current year.

Insider Activity at Ribbon Communications

In other news, Director Beatriz V. Infante sold 8,690 shares of Ribbon Communications stock in a transaction on Friday, September 5th. The shares were sold at an average price of $3.98, for a total transaction of $34,586.20. Following the transaction, the director directly owned 343,224 shares of the company’s stock, valued at $1,366,031.52. This trade represents a 2.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Dan Redington sold 155,434 shares of the business’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $4.03, for a total transaction of $626,399.02. Following the completion of the transaction, the executive vice president directly owned 14,176 shares of the company’s stock, valued at $57,129.28. This trade represents a 91.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 198,300 shares of company stock worth $801,173 in the last three months. 1.72% of the stock is owned by insiders.

Institutional Investors Weigh In On Ribbon Communications

A number of hedge funds have recently modified their holdings of RBBN. Silverberg Bernstein Capital Management LLC increased its stake in Ribbon Communications by 33.7% in the 2nd quarter. Silverberg Bernstein Capital Management LLC now owns 392,579 shares of the communications equipment provider’s stock valued at $1,574,000 after buying an additional 98,996 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in shares of Ribbon Communications by 16.5% in the 2nd quarter. First Eagle Investment Management LLC now owns 1,025,914 shares of the communications equipment provider’s stock valued at $4,114,000 after acquiring an additional 145,159 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Ribbon Communications by 8.9% in the first quarter. Victory Capital Management Inc. now owns 605,306 shares of the communications equipment provider’s stock valued at $2,373,000 after acquiring an additional 49,467 shares during the last quarter. Voya Investment Management LLC raised its holdings in Ribbon Communications by 44.7% during the first quarter. Voya Investment Management LLC now owns 167,754 shares of the communications equipment provider’s stock worth $658,000 after acquiring an additional 51,792 shares in the last quarter. Finally, Allianz Asset Management GmbH acquired a new position in Ribbon Communications during the first quarter valued at approximately $57,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

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.