Ribbon Communications (NASDAQ:RBBN) Shares Cross Above 200 Day Moving Average - Should You Sell?

Ribbon Communications Inc. (NASDAQ:RBBN - Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.81 and traded as high as $4.43. Ribbon Communications shares last traded at $4.32, with a volume of 989,133 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on RBBN shares. JMP Securities reaffirmed a "market outperform" rating and set a $6.00 target price on shares of Ribbon Communications in a research note on Thursday, February 13th. Rosenblatt Securities reaffirmed a "buy" rating and set a $5.50 target price on shares of Ribbon Communications in a research note on Monday, December 30th. StockNews.com lowered shares of Ribbon Communications from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th. Finally, Northland Securities lifted their target price on shares of Ribbon Communications from $5.50 to $6.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $6.00.

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Ribbon Communications Stock Performance

The company has a market capitalization of $732.77 million, a PE ratio of -13.03 and a beta of 1.23. The business's 50-day moving average is $4.29 and its 200-day moving average is $3.82. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.16 and a current ratio of 1.42.

Ribbon Communications (NASDAQ:RBBN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The communications equipment provider reported $0.14 earnings per share (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%. On average, research analysts anticipate that Ribbon Communications Inc. will post 0.18 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Walleye Capital LLC purchased a new position in Ribbon Communications during the 4th quarter valued at about $43,000. Intech Investment Management LLC purchased a new position in Ribbon Communications in the third quarter worth about $34,000. Polymer Capital Management US LLC purchased a new position in Ribbon Communications in the fourth quarter worth about $55,000. Penn Capital Management Company LLC purchased a new position in Ribbon Communications in the fourth quarter worth about $56,000. Finally, Renaissance Technologies LLC purchased a new position in Ribbon Communications in the fourth quarter worth about $59,000. 70.92% of the stock is owned by hedge funds and other 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.