Assenagon Asset Management S.A. Has $281,000 Position in Ribbon Communications Inc. $RBBN

Assenagon Asset Management S.A. reduced its stake in Ribbon Communications Inc. (NASDAQ:RBBN) by 10.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 70,123 shares of the communications equipment provider’s stock after selling 8,207 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Ribbon Communications were worth $281,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH acquired a new stake in Ribbon Communications in the 1st quarter worth approximately $57,000. Strs Ohio acquired a new position in shares of Ribbon Communications during the first quarter worth approximately $69,000. ProShare Advisors LLC lifted its holdings 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 buying an additional 8,485 shares during the last quarter. First Bank & Trust acquired a new position in shares of Ribbon Communications during the first quarter worth approximately $115,000. Finally, Vestmark Advisory Solutions Inc. lifted its holdings in shares of Ribbon Communications by 118.3% during the first quarter. Vestmark Advisory Solutions Inc. now owns 30,138 shares of the communications equipment provider’s stock worth $118,000 after buying an additional 16,335 shares during the last quarter. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Ribbon Communications news, Director Beatriz V. Infante sold 8,690 shares of the company’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $3.98, for a total value of $34,586.20. Following the sale, the director directly owned 343,224 shares in the company, valued at $1,366,031.52. This represents a 2.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Dan Redington sold 14,176 shares of the company’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $4.02, for a total value of $56,987.52. The disclosure for this sale can be found here. Insiders sold 198,300 shares of company stock worth $801,173 over the last quarter. Company insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

RBBN has been the subject of a number of research analyst reports. Rosenblatt Securities reiterated a “buy” rating and set a $6.00 price target on shares of Ribbon Communications in a report on Thursday, September 11th. Wall Street Zen upgraded Ribbon Communications from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $6.00.

Ribbon Communications Stock Performance

RBBN opened at $3.75 on Monday. The stock has a market cap of $664.05 million, a PE ratio of -15.00 and a beta of 1.39. The company has a current ratio of 1.38, a quick ratio of 1.13 and a debt-to-equity ratio of 0.88. Ribbon Communications Inc. has a 1 year low of $3.01 and a 1 year high of $5.38. The stock’s 50 day simple moving average is $3.91 and its 200-day simple moving average is $3.79.

Ribbon Communications (NASDAQ:RBBN) last released its quarterly earnings data 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 business had revenue of $220.58 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.05 earnings per share. Ribbon Communications has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side analysts forecast 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.