Press coverage about Ribbon Communications (NASDAQ:RBBN) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Ribbon Communications earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media headlines about the communications equipment provider an impact score of 44.8660627006526 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Enterprise Media Gateways Market Development by 2023: Alcatel-Lucent SA, Dialogic Corporation and ZTE Corporation (journalhealthcare.com)
- The VoLTE (Voice over LTE) Ecosystem: Growth Opportunities, Challenges, Strategies & Forecasts to 2030 (theanalystfinancial.com)
- VoLTE Ecosystem Market (Voice over LTE) 2018 – 2030 Opportunities, Challenges, Strategies and Forecasts (prnewswire.com)
- Ribbon Communications Inc. (RBBN): Watch List Technology Stock Buzz: (stocksgeeks.com)
- Ribbon Communications (RBBN) Cut to Sell at BidaskClub (americanbankingnews.com)
Several research firms recently weighed in on RBBN. Zacks Investment Research downgraded Ribbon Communications from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 4th. BidaskClub lowered Ribbon Communications from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. ValuEngine lowered Ribbon Communications from a “hold” rating to a “sell” rating in a research report on Monday, February 5th. William Blair reaffirmed a “buy” rating on shares of Ribbon Communications in a research report on Monday, March 12th. Finally, TheStreet lowered Ribbon Communications from a “c-” rating to a “d+” rating in a research report on Friday, March 16th. Four research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $7.25.
Ribbon Communications (NASDAQ:RBBN) last announced its earnings results on Thursday, March 1st. The communications equipment provider reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.02). The company had revenue of $169.50 million for the quarter, compared to the consensus estimate of $150.25 million. Ribbon Communications had a positive return on equity of 3.22% and a negative net margin of 10.68%. The firm’s revenue for the quarter was up 150.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.09 earnings per share. equities research analysts expect that Ribbon Communications will post -0.28 EPS for the current year.
In other Ribbon Communications news, CEO Franklin W. Iv Hobbs acquired 75,000 shares of the stock in a transaction dated Monday, March 5th. The stock was purchased at an average cost of $5.66 per share, with a total value of $424,500.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Michael R. Swade sold 13,979 shares of Ribbon Communications stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $5.14, for a total value of $71,852.06. The disclosure for this sale can be found here. 7.68% of the stock is owned by company insiders.
Ribbon Communications Company Profile
Ribbon Communications Inc provides networked solutions in the United States, Europe, the Middle East, Africa, Japan, rest of the Asia Pacific, and internationally. The company offers service provider solutions, such as fixed network transformation, mobile network evolution, secure network interconnects, network functions virtualization, cloud communications, and communications security solutions that enables to modernize communications networks, as well as provides secure real-time communications software, hardware, and cloud-native solutions.
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