Ribbon Communications’ (RBBN) Buy Rating Reaffirmed at Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of Ribbon Communications (NASDAQ:RBBN) in a research report released on Thursday morning,Benzinga reports. Rosenblatt Securities currently has a $6.00 price objective on the communications equipment provider’s stock.

Separately, 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 investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Ribbon Communications has a consensus rating of “Buy” and an average target price of $6.00.

Ribbon Communications Stock Performance

Shares of RBBN opened at $3.94 on Thursday. The firm has a 50-day moving average price of $3.95 and a 200 day moving average price of $3.83. The firm has a market capitalization of $697.70 million, a PE ratio of -15.76 and a beta of 1.39. The company has a quick ratio of 1.13, a current ratio of 1.38 and a debt-to-equity ratio of 0.88. Ribbon Communications has a 52-week low of $2.91 and a 52-week high of $5.38.

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, meeting analysts’ consensus estimates 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%. Ribbon Communications’s revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.05 EPS. Ribbon Communications has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Ribbon Communications will post 0.18 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Dan Redington sold 155,434 shares of the firm’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $4.03, for a total transaction of $626,399.02. Following the completion of the transaction, the executive vice president owned 14,176 shares in the company, valued at approximately $57,129.28. This trade represents a 91.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Beatriz V. Infante sold 8,690 shares of the firm’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $3.98, for a total transaction of $34,586.20. Following the transaction, the director owned 343,224 shares of the company’s stock, valued at approximately $1,366,031.52. This trade represents a 2.47% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 198,300 shares of company stock valued at $801,173. Insiders own 1.72% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its holdings in shares of Ribbon Communications by 453.3% in the second quarter. Tower Research Capital LLC TRC now owns 10,025 shares of the communications equipment provider’s stock worth $40,000 after buying an additional 8,213 shares during the period. Ballentine Partners LLC acquired a new position in shares of Ribbon Communications in the second quarter worth about $44,000. Keel Point LLC acquired a new position in shares of Ribbon Communications in the second quarter worth about $45,000. Prudential Financial Inc. acquired a new position in shares of Ribbon Communications in the second quarter worth about $47,000. Finally, Occudo Quantitative Strategies LP acquired a new position in shares of Ribbon Communications in the second quarter worth about $50,000. 70.92% of the stock is currently owned by institutional investors and hedge funds.

About Ribbon Communications

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.