Ribbon Communications (NASDAQ:RBBN) Rating Lowered to "Buy" at StockNews.com

Ribbon Communications (NASDAQ:RBBN - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a note issued to investors on Monday.

Other equities research analysts also recently issued reports about the company. Northland Securities boosted their target price on Ribbon Communications from $5.50 to $6.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. JMP Securities reaffirmed a "market outperform" rating and issued a $6.00 price objective on shares of Ribbon Communications in a research report on Thursday, February 13th. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $5.50 target price on shares of Ribbon Communications in a research note on Monday, December 30th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $6.00.

Ribbon Communications Stock Down 7.0 %

Shares of RBBN stock traded down $0.25 during mid-day trading on Monday, reaching $3.28. 172,618 shares of the company's stock traded hands, compared to its average volume of 406,603. The company has a quick ratio of 1.16, a current ratio of 1.42 and a debt-to-equity ratio of 0.84. The company's 50-day moving average price is $4.25 and its 200-day moving average price is $3.93. The company has a market cap of $575.50 million, a P/E ratio of -10.20 and a beta of 1.23. Ribbon Communications has a 12 month low of $2.47 and a 12 month high of $5.38.

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Ribbon Communications (NASDAQ:RBBN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The communications equipment provider reported $0.14 EPS for the quarter, topping the consensus estimate 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, equities analysts expect that Ribbon Communications will post 0.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RBBN. Vanguard Group Inc. lifted its holdings in shares of Ribbon Communications by 4.2% during the 4th quarter. Vanguard Group Inc. now owns 7,402,073 shares of the communications equipment provider's stock valued at $30,793,000 after buying an additional 295,524 shares during the period. Dimensional Fund Advisors LP increased its position in Ribbon Communications by 5.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,314,669 shares of the communications equipment provider's stock valued at $26,269,000 after acquiring an additional 302,039 shares during the last quarter. Royce & Associates LP lifted its holdings in Ribbon Communications by 10.5% in the fourth quarter. Royce & Associates LP now owns 2,802,858 shares of the communications equipment provider's stock valued at $11,660,000 after acquiring an additional 266,580 shares during the period. Geode Capital Management LLC boosted its position in Ribbon Communications by 1.4% in the third quarter. Geode Capital Management LLC now owns 2,101,366 shares of the communications equipment provider's stock worth $6,830,000 after purchasing an additional 27,999 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Ribbon Communications by 0.4% during the 3rd quarter. State Street Corp now owns 1,898,714 shares of the communications equipment provider's stock valued at $6,171,000 after purchasing an additional 7,963 shares during the period. Institutional investors own 70.92% of the company's stock.

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.