Bosun Asset Management LLC Takes $476,000 Position in Ribbon Communications Inc. $RBBN

Key Points

• Bosun Asset Management LLC acquired 121,322 shares of Ribbon Communications Inc. during Q1, valued at approximately $476,000, representing about 0.07% ownership of the company.
• Several institutional investors, including Wells Fargo and MetLife Investment Management, recently increased their stakes in Ribbon Communications, with institutional ownership now at 70.92%.
• Wall Street analysts have upgraded Ribbon Communications with a consensus rating of "Buy" and an average target price of $6.00.

Bosun Asset Management LLC bought a new position in shares of Ribbon Communications Inc. (NASDAQ:RBBN - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 121,322 shares of the communications equipment provider's stock, valued at approximately $476,000. Bosun Asset Management LLC owned approximately 0.07% of Ribbon Communications as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH bought a new stake in Ribbon Communications during the first quarter worth about $57,000. Renaissance Technologies LLC acquired a new position in shares of Ribbon Communications in the 4th quarter worth approximately $59,000. ProShare Advisors LLC grew its position in Ribbon Communications by 49.1% during the 4th quarter. ProShare Advisors LLC now owns 25,782 shares of the communications equipment provider's stock worth $107,000 after acquiring an additional 8,485 shares during the last quarter. First Bank & Trust acquired a new stake in Ribbon Communications during the 1st quarter valued at $115,000. Finally, Vestmark Advisory Solutions Inc. increased its holdings in Ribbon Communications by 118.3% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 30,138 shares of the communications equipment provider's stock valued at $118,000 after purchasing an additional 16,335 shares in the last quarter. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Ribbon Communications

In related news, EVP Dan Redington sold 14,176 shares of the firm's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $4.02, for a total transaction of $56,987.52. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Beatriz V. Infante sold 8,690 shares of the business's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $3.98, for a total value of $34,586.20. Following the completion of the transaction, the director directly owned 343,224 shares of the company's stock, valued at approximately $1,366,031.52. The trade was a 2.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 198,300 shares of company stock worth $801,173 in the last ninety days. 2.10% of the stock is currently owned by company insiders.

Ribbon Communications Trading Up 0.1%

Ribbon Communications stock traded up $0.01 during midday trading on Tuesday, hitting $4.07. 151,705 shares of the stock were exchanged, compared to its average volume of 553,536. The stock has a market capitalization of $719.83 million, a PE ratio of -16.22 and a beta of 1.39. The company has a fifty day simple moving average of $3.96 and a two-hundred day simple moving average of $3.84. The company has a quick ratio of 1.13, a current ratio of 1.38 and a debt-to-equity ratio of 0.88. Ribbon Communications Inc. has a 52 week low of $2.84 and a 52 week high of $5.38.

Ribbon Communications (NASDAQ:RBBN - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The communications equipment provider reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. The firm had revenue of $220.58 million during the quarter, compared to the consensus estimate of $213.31 million. Ribbon Communications had a negative net margin of 5.14% and a positive return on equity of 7.08%. The business's quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.05 earnings per share. Ribbon Communications has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities research analysts anticipate that Ribbon Communications Inc. will post 0.18 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the company. Wall Street Zen upgraded Ribbon Communications from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Rosenblatt Securities upped their price target on Ribbon Communications from $5.50 to $6.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $6.00.

Ribbon Communications 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.