Ribbon Communications Inc (RBBN) Given Average Recommendation of “Hold” by Analysts

Ribbon Communications Inc (NASDAQ:RBBN) has been given an average rating of “Hold” by the six ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company.

A number of equities research analysts have issued reports on RBBN shares. BidaskClub upgraded shares of Ribbon Communications from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 27th. Cowen raised shares of Ribbon Communications from an “underperform” rating to a “market perform” rating in a research report on Wednesday, August 1st. William Blair reissued a “buy” rating on shares of Ribbon Communications in a research report on Thursday, June 14th. Zacks Investment Research downgraded shares of Ribbon Communications from a “hold” rating to a “sell” rating in a research report on Thursday, July 26th. Finally, ValuEngine raised shares of Ribbon Communications from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 12th.

Several large investors have recently made changes to their positions in the business. BlackRock Inc. increased its position in shares of Ribbon Communications by 11.6% in the 2nd quarter. BlackRock Inc. now owns 3,540,078 shares of the communications equipment provider’s stock valued at $25,206,000 after purchasing an additional 369,210 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Ribbon Communications by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,349,652 shares of the communications equipment provider’s stock valued at $23,849,000 after purchasing an additional 155,747 shares during the last quarter. Royce & Associates LP increased its position in shares of Ribbon Communications by 25.6% in the 2nd quarter. Royce & Associates LP now owns 1,725,596 shares of the communications equipment provider’s stock valued at $12,286,000 after purchasing an additional 352,154 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Ribbon Communications by 13.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,515,635 shares of the communications equipment provider’s stock valued at $10,789,000 after purchasing an additional 176,210 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY increased its position in shares of Ribbon Communications by 1,177.4% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,085,820 shares of the communications equipment provider’s stock valued at $7,731,000 after purchasing an additional 1,000,820 shares during the last quarter. 80.54% of the stock is currently owned by institutional investors.

Ribbon Communications stock opened at $6.67 on Friday. The company has a market cap of $693.78 million, a price-to-earnings ratio of 95.29, a price-to-earnings-growth ratio of 1.50 and a beta of 1.58. Ribbon Communications has a 52-week low of $4.97 and a 52-week high of $9.05. The company has a current ratio of 1.15, a quick ratio of 1.05 and a debt-to-equity ratio of 0.04.

Ribbon Communications (NASDAQ:RBBN) last released its earnings results on Tuesday, July 31st. The communications equipment provider reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.12. The company had revenue of $145.00 million for the quarter, compared to analyst estimates of $134.79 million. Ribbon Communications had a negative net margin of 16.08% and a positive return on equity of 5.69%. The firm’s revenue for the quarter was up 158.9% on a year-over-year basis. equities analysts expect that Ribbon Communications will post 0.37 earnings per share for the current fiscal year.

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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