Ribbon Communications Inc. $RBBN Stock Position Reduced by Deutsche Bank AG

Deutsche Bank AG cut its stake in shares of Ribbon Communications Inc. (NASDAQ:RBBN) by 9.6% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 77,070 shares of the communications equipment provider’s stock after selling 8,189 shares during the period. Deutsche Bank AG’s holdings in Ribbon Communications were worth $302,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Ribbon Communications by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,584 shares of the communications equipment provider’s stock valued at $219,000 after acquiring an additional 2,288 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Ribbon Communications by 2.7% during the 4th quarter. Ameriprise Financial Inc. now owns 136,621 shares of the communications equipment provider’s stock valued at $568,000 after acquiring an additional 3,622 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Ribbon Communications by 8.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 62,604 shares of the communications equipment provider’s stock valued at $261,000 after acquiring an additional 4,978 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of Ribbon Communications by 49.1% during the 4th quarter. ProShare Advisors LLC now owns 25,782 shares of the communications equipment provider’s stock valued at $107,000 after acquiring an additional 8,485 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Ribbon Communications by 6.1% during the 4th quarter. Barclays PLC now owns 180,551 shares of the communications equipment provider’s stock valued at $751,000 after acquiring an additional 10,441 shares in the last quarter. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Ribbon Communications Stock Performance

NASDAQ:RBBN opened at $4.08 on Friday. Ribbon Communications Inc. has a 12-month low of $2.84 and a 12-month high of $5.38. The company has a quick ratio of 1.13, a current ratio of 1.38 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $722.49 million, a PE ratio of -16.32 and a beta of 1.33. The firm has a 50-day moving average price of $3.95 and a 200 day moving average price of $3.89.

Ribbon Communications (NASDAQ:RBBN) last posted its quarterly earnings results on Wednesday, July 23rd. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. The firm had revenue of $220.58 million during the quarter, compared to analyst estimates of $213.31 million. Ribbon Communications had a negative net margin of 5.14% and a positive return on equity of 7.08%. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.05 earnings per share. Ribbon Communications has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Research analysts anticipate that Ribbon Communications Inc. will post 0.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on RBBN shares. Wall Street Zen upgraded shares of Ribbon Communications from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Rosenblatt Securities boosted their price target on shares of Ribbon Communications from $5.50 to $6.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $6.00.

Ribbon Communications 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.