Invesco Ltd. Trims Stock Holdings in Ribbon Communications Inc. $RBBN

Invesco Ltd. cut its holdings in shares of Ribbon Communications Inc. (NASDAQ:RBBN) by 11.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 186,705 shares of the communications equipment provider’s stock after selling 23,108 shares during the period. Invesco Ltd. owned about 0.11% of Ribbon Communications worth $732,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Allianz Asset Management GmbH purchased a new stake in shares of Ribbon Communications during the first quarter worth approximately $57,000. Renaissance Technologies LLC acquired a new position in Ribbon Communications in the fourth quarter valued at approximately $59,000. ProShare Advisors LLC grew its position in shares of Ribbon Communications by 49.1% during the fourth quarter. ProShare Advisors LLC now owns 25,782 shares of the communications equipment provider’s stock worth $107,000 after acquiring an additional 8,485 shares during the last quarter. First Bank & Trust purchased a new position in shares of Ribbon Communications during the first quarter worth approximately $115,000. Finally, Focus Partners Wealth purchased a new position in shares of Ribbon Communications during the fourth quarter worth approximately $146,000. 70.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on RBBN. Rosenblatt Securities increased their price target on Ribbon Communications from $5.50 to $6.00 and gave the stock a “buy” rating in a report on Thursday, July 24th. Wall Street Zen raised Ribbon Communications from a “hold” rating to a “buy” rating in a research note on Saturday, July 26th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, Ribbon Communications has an average rating of “Buy” and an average price target of $6.00.

Ribbon Communications Trading Down 0.2%

Shares of RBBN stock opened at $4.01 on Thursday. Ribbon Communications Inc. has a 1 year low of $2.84 and a 1 year 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 stock has a fifty day moving average of $3.96 and a two-hundred day moving average of $3.87. The firm has a market capitalization of $710.09 million, a PE ratio of -16.04 and a beta of 1.39.

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

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.