Ribbon Communications (NASDAQ:RBBN) Stock Rating Lowered by StockNews.com

Ribbon Communications (NASDAQ:RBBN) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Several other equities analysts have also recently weighed in on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $5.50 price target on shares of Ribbon Communications in a research report on Monday, December 30th. Northland Securities raised their target price on Ribbon Communications from $5.50 to $6.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $6.00 target price on shares of Ribbon Communications in a research report on Thursday, February 13th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $6.00.

Ribbon Communications Trading Up 4.7 %

NASDAQ RBBN opened at $4.86 on Tuesday. The company has a quick ratio of 1.16, a current ratio of 1.42 and a debt-to-equity ratio of 0.84. Ribbon Communications has a 52 week low of $2.47 and a 52 week high of $5.38. The business has a 50 day moving average price of $4.24 and a 200-day moving average price of $3.75. The company has a market cap of $852.37 million, a price-to-earnings ratio of -15.19 and a beta of 1.11.

Ribbon Communications (NASDAQ:RBBN) last announced its quarterly earnings results on Wednesday, February 12th. The communications equipment provider reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. Ribbon Communications had a negative net margin of 6.50% and a positive return on equity of 7.36%. As a group, equities analysts expect that Ribbon Communications will post 0.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ribbon Communications

A number of institutional investors have recently added to or reduced their stakes in RBBN. Intech Investment Management LLC purchased a new position in shares of Ribbon Communications in the 3rd quarter worth approximately $34,000. Walleye Capital LLC bought a new stake in Ribbon Communications during the fourth quarter worth $43,000. Polymer Capital Management US LLC purchased a new position in Ribbon Communications in the fourth quarter worth $55,000. Penn Capital Management Company LLC bought a new position in Ribbon Communications in the 4th quarter valued at $56,000. Finally, Renaissance Technologies LLC bought a new position in Ribbon Communications in the 4th quarter valued at $59,000. 70.92% of the stock is owned by institutional investors.

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.