Analysts Set Ribbon Communications Inc. (NASDAQ:RBBN) Target Price at $6.00

Ribbon Communications Inc. (NASDAQ:RBBN) has been given a consensus recommendation of “Moderate Buy” by the four ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $6.00.

RBBN has been the topic of several recent research reports. Rosenblatt Securities restated a “buy” rating and issued a $6.00 price objective on shares of Ribbon Communications in a research report on Thursday, October 23rd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ribbon Communications in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Ribbon Communications from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th.

Ribbon Communications Stock Performance

NASDAQ RBBN opened at $2.89 on Wednesday. The stock has a 50-day simple moving average of $3.17 and a two-hundred day simple moving average of $3.66. The firm has a market capitalization of $510.37 million, a P/E ratio of -12.04 and a beta of 1.03. Ribbon Communications has a fifty-two week low of $2.71 and a fifty-two week high of $5.38. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.16 and a current ratio of 1.43.

Ribbon Communications (NASDAQ:RBBN) last issued its earnings results on Monday, March 27th. The communications equipment provider reported $0.01 EPS for the quarter. The firm had revenue of $100.28 million for the quarter. Ribbon Communications had a positive return on equity of 6.49% and a negative net margin of 4.96%. On average, equities analysts forecast that Ribbon Communications will post 0.18 earnings per share for the current year.

Hedge Funds Weigh In On Ribbon Communications

A number of large investors have recently bought and sold shares of the business. Worth Venture Partners LLC boosted its position in Ribbon Communications by 11.0% during the first quarter. Worth Venture Partners LLC now owns 50,564 shares of the communications equipment provider’s stock worth $198,000 after purchasing an additional 5,000 shares in the last quarter. Los Angeles Capital Management LLC raised its stake in shares of Ribbon Communications by 9.6% during the 2nd quarter. Los Angeles Capital Management LLC now owns 64,160 shares of the communications equipment provider’s stock worth $257,000 after buying an additional 5,600 shares during the period. Alliancebernstein L.P. lifted its position in shares of Ribbon Communications by 5.3% during the 3rd quarter. Alliancebernstein L.P. now owns 119,317 shares of the communications equipment provider’s stock valued at $453,000 after buying an additional 6,000 shares in the last quarter. GSA Capital Partners LLP grew its stake in Ribbon Communications by 2.9% in the 3rd quarter. GSA Capital Partners LLP now owns 216,283 shares of the communications equipment provider’s stock valued at $822,000 after acquiring an additional 6,173 shares during the period. Finally, Susquehanna Fundamental Investments LLC increased its holdings in Ribbon Communications by 65.8% in the 3rd quarter. Susquehanna Fundamental Investments LLC now owns 18,401 shares of the communications equipment provider’s stock worth $70,000 after acquiring an additional 7,301 shares in the last quarter. Institutional investors and hedge funds own 70.92% of the company’s stock.

About Ribbon Communications

Ribbon Communications Inc is a global provider of real-time communications software and network solutions for service providers and enterprises. The company’s offerings address the full life cycle of voice, video and data transmission across fixed, mobile and cloud environments. Ribbon’s technology portfolio is designed to enable secure, intelligent and interoperable communications in applications such as unified communications, contact centers, wholesale VoIP interconnect and next-generation 5G networks.

Ribbon’s product suite includes session border controllers (SBCs), which secure and interwork IP voice and multimedia sessions; Diameter signaling controllers for 4G/5G policy and charging control; network edge virtualization platforms; and analytics engines for service assurance and fraud management.