330,794 Shares in Ribbon Communications Inc. $RBBN Bought by Nuveen LLC

Key Points

• Nuveen LLC has purchased 330,794 shares of Ribbon Communications Inc., valued at approximately $1.3 million, representing a 0.19% ownership stake in the company.
• In the recent earnings report, Ribbon Communications reported revenue of $220.58 million, surpassing analysts' expectations, while EPS met the consensus estimate at $0.05.
• Brokerages have increasingly shown confidence in Ribbon Communications, with upgrades to a "buy" rating and target prices being raised, indicating positive market sentiment.

Nuveen LLC purchased a new stake in shares of Ribbon Communications Inc. (NASDAQ:RBBN - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 330,794 shares of the communications equipment provider's stock, valued at approximately $1,297,000. Nuveen LLC owned 0.19% of Ribbon Communications at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of RBBN. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Ribbon Communications by 76.1% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,189,250 shares of the communications equipment provider's stock worth $4,662,000 after buying an additional 513,985 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Ribbon Communications by 5.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,314,669 shares of the communications equipment provider's stock worth $26,269,000 after buying an additional 302,039 shares during the last quarter. Royce & Associates LP raised its holdings in Ribbon Communications by 10.3% in the first quarter. Royce & Associates LP now owns 3,092,068 shares of the communications equipment provider's stock worth $12,121,000 after buying an additional 289,210 shares during the last quarter. XTX Topco Ltd purchased a new position in Ribbon Communications in the first quarter worth about $619,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Ribbon Communications by 33.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 476,868 shares of the communications equipment provider's stock valued at $1,984,000 after purchasing an additional 119,266 shares during the last quarter. 70.92% of the stock is owned by hedge funds and other institutional investors.

Ribbon Communications Price Performance

Shares of RBBN traded down $0.17 during mid-day trading on Friday, reaching $3.99. The stock had a trading volume of 751,091 shares, compared to its average volume of 486,782. The firm has a market cap of $706.55 million, a price-to-earnings ratio of -15.96 and a beta of 1.39. Ribbon Communications Inc. has a 12 month low of $2.84 and a 12 month high of $5.38. The business has a fifty day moving average of $3.96 and a 200 day moving average of $3.86. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.13 and a current ratio of 1.38.

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

Analysts Set New Price Targets

Several research firms have recently weighed in on RBBN. Wall Street Zen raised shares of Ribbon Communications from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Rosenblatt Securities boosted their price objective on shares of Ribbon Communications from $5.50 to $6.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Ribbon Communications has a consensus rating of "Buy" and a consensus price target 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.