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NASDAQ:RBBN

Ribbon Communications (RBBN) Stock Price, News & Analysis

Ribbon Communications logo
$3.90 +0.04 (+1.04%)
(As of 11/21/2024 ET)

About Ribbon Communications Stock (NASDAQ:RBBN)

Key Stats

Today's Range
$3.87
$3.93
50-Day Range
$2.92
$4.26
52-Week Range
$2.05
$4.31
Volume
540,369 shs
Average Volume
363,224 shs
Market Capitalization
$683.98 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$5.83
Consensus Rating
Buy

Company Overview

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. It also offers session border controllers; and network transformation products, such as signaling products, call controllers, media gateways, and application servers. This segment serves private, public, or hybrid cloud infrastructures, as well as data centers, enterprise premises, and service provider networks. The IP Optical Networks segment provides hardware and software products and solutions for IP networking, switching, routing, and optical transport for technologies, such as 5G, distributed cloud computing, and corresponding applications. It also offers multiple solutions, including 5G-native solutions for mobile-backhaul, metro and edge aggregation, core networking, data center interconnect, multi-service access, and transport solutions for wholesale carriers. This segment serves utilities, government, defense, finance, transportation, and education and research industries, as well as service providers and enterprises. The company was formerly known as Sonus Networks, Inc. and changed its name to Ribbon Communications Inc. in November 2017. Ribbon Communications Inc. was founded in 1997 and is headquartered in Plano, Texas.

Ribbon Communications Stock Analysis - MarketRank™

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92nd Percentile Overall Score

RBBN MarketRank™: 

Ribbon Communications scored higher than 92% of companies evaluated by MarketBeat, and ranked 91st out of 650 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Ribbon Communications has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Ribbon Communications has only been the subject of 1 research reports in the past 90 days.

  • Read more about Ribbon Communications' stock forecast and price target.
  • Earnings Growth

    Earnings for Ribbon Communications are expected to grow by 46.15% in the coming year, from $0.13 to $0.19 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Ribbon Communications is -12.19, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Ribbon Communications is -12.19, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Book Value per Share Ratio

    Ribbon Communications has a P/B Ratio of 1.73. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Ribbon Communications' valuation and earnings.
  • Percentage of Shares Shorted

    0.89% of the float of Ribbon Communications has been sold short.
  • Short Interest Ratio / Days to Cover

    Ribbon Communications has a short interest ratio ("days to cover") of 4.7.
  • Change versus previous month

    Short interest in Ribbon Communications has recently decreased by 1.54%, indicating that investor sentiment is improving.
  • Dividend Yield

    Ribbon Communications does not currently pay a dividend.

  • Dividend Growth

    Ribbon Communications does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    0.89% of the float of Ribbon Communications has been sold short.
  • Short Interest Ratio / Days to Cover

    Ribbon Communications has a short interest ratio ("days to cover") of 4.7.
  • Change versus previous month

    Short interest in Ribbon Communications has recently decreased by 1.54%, indicating that investor sentiment is improving.
  • News Sentiment

    Ribbon Communications has a news sentiment score of 1.23. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 1 news article for Ribbon Communications this week, compared to 3 articles on an average week.
  • MarketBeat Follows

    Only 2 people have added Ribbon Communications to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Ribbon Communications insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $17,602.00 in company stock.

  • Percentage Held by Insiders

    Only 2.10% of the stock of Ribbon Communications is held by insiders.

  • Percentage Held by Institutions

    70.92% of the stock of Ribbon Communications is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Ribbon Communications' insider trading history.
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RBBN Stock News Headlines

JMP Securities Sticks to Its Buy Rating for Ribbon Communications (RBBN)
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Ribbon Communications reports Q3 EPS 5c, consensus 6c
See More Headlines

RBBN Stock Analysis - Frequently Asked Questions

Ribbon Communications' stock was trading at $2.90 at the beginning of the year. Since then, RBBN stock has increased by 34.5% and is now trading at $3.90.
View the best growth stocks for 2024 here
.

Ribbon Communications Inc. (NASDAQ:RBBN) posted its quarterly earnings data on Wednesday, October, 23rd. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by $0.01. The company's revenue for the quarter was up 3.4% on a year-over-year basis.

Ribbon Communications subsidiaries include ECI Telecom.

Ribbon Communications' top institutional shareholders include Royce & Associates LP (1.45%), Geode Capital Management LLC (1.20%), State Street Corp (1.08%) and Charles Schwab Investment Management Inc. (0.43%). Insiders that own company stock include Chase & Co Jpmorgan, Bruce William Mcclelland, Beatriz V Infante, Miguel A Lopez, Sam Bucci, Dan Redington and Swarth Investments Ltd.
View institutional ownership trends
.

Shares of RBBN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Ribbon Communications investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Tesla (TSLA), PayPal (PYPL), Netflix (NFLX) and Intel (INTC).

Company Calendar

Last Earnings
10/23/2024
Today
11/21/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/12/2025

Industry, Sector and Symbol

Industry
Computer integrated systems design
Sub-Industry
Communications Equipment
Current Symbol
NASDAQ:RBBN
CUSIP
83591610
Employees
3,107
Year Founded
2017

Price Target and Rating

Average Stock Price Target
$5.83
High Stock Price Target
$6.50
Low Stock Price Target
$5.00
Potential Upside/Downside
+50.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-66,210,000.00
Pretax Margin
-5.89%

Debt

Sales & Book Value

Annual Sales
$826.34 million
Cash Flow
$0.51 per share
Book Value
$2.26 per share

Miscellaneous

Free Float
171,701,000
Market Cap
$682.23 million
Optionable
Optionable
Beta
1.08

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This page (NASDAQ:RBBN) was last updated on 11/21/2024 by MarketBeat.com Staff
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