Charles Schwab Investment Management Inc. Has $2.93 Million Stake in Ribbon Communications Inc. $RBBN

Charles Schwab Investment Management Inc. trimmed its position in Ribbon Communications Inc. (NASDAQ:RBBN) by 1.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 747,781 shares of the communications equipment provider’s stock after selling 12,986 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.42% of Ribbon Communications worth $2,931,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of RBBN. Price T Rowe Associates Inc. MD lifted its stake in shares of Ribbon Communications by 8.6% in 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 during the last quarter. Victory Capital Management Inc. grew its holdings in Ribbon Communications by 8.9% during the 1st quarter. Victory Capital Management Inc. now owns 605,306 shares of the communications equipment provider’s stock worth $2,373,000 after acquiring an additional 49,467 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Ribbon Communications by 5.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,314,669 shares of the communications equipment provider’s stock valued at $26,269,000 after buying an additional 302,039 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Ribbon Communications by 33.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 476,868 shares of the communications equipment provider’s stock valued at $1,984,000 after buying an additional 119,266 shares during the period. Finally, Allianz Asset Management GmbH bought a new position in Ribbon Communications in the 1st quarter valued at about $57,000. Institutional investors own 70.92% of the company’s stock.

Ribbon Communications Price Performance

Shares of NASDAQ RBBN opened at $4.08 on Friday. The company has a 50 day simple moving average of $3.95 and a two-hundred day simple moving average of $3.88. Ribbon Communications Inc. has a fifty-two week low of $2.84 and a fifty-two week high of $5.38. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.13 and a current ratio of 1.38. The company has a market capitalization of $722.49 million, a price-to-earnings ratio of -16.32 and a beta of 1.33.

Ribbon Communications (NASDAQ:RBBN) last issued its 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 company had revenue of $220.58 million for the quarter, compared to analysts’ expectations of $213.31 million. Ribbon Communications had a negative net margin of 5.14% and a positive return on equity of 7.08%. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the company posted $0.05 earnings per share. Ribbon Communications has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts expect that Ribbon Communications Inc. will post 0.18 EPS for the current fiscal year.

Analysts Set New Price Targets

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