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 acquired a new position in Ribbon Communications Inc. (NASDAQ:RBBN - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 330,794 shares of the communications equipment provider's stock, valued at approximately $1,297,000. Nuveen LLC owned about 0.19% of Ribbon Communications at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in RBBN. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of 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 boosted its holdings in shares of 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 boosted its holdings in shares of 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 shares of Ribbon Communications in the first quarter worth approximately $619,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Ribbon Communications by 33.4% in 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 worth $1,984,000 after buying an additional 119,266 shares during the last quarter. Hedge funds and other institutional investors own 70.92% of the company's stock.

Wall Street Analysts Forecast Growth

RBBN has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Ribbon Communications from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Rosenblatt Securities raised their target price on shares of Ribbon Communications from $5.50 to $6.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $6.00.

Ribbon Communications Price Performance

Shares of Ribbon Communications stock traded up $0.21 on Thursday, hitting $4.22. 361,026 shares of the company traded hands, compared to its average volume of 553,277. The stock has a market capitalization of $746.39 million, a P/E ratio of -16.94 and a beta of 1.39. 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 Inc. has a 52 week low of $2.84 and a 52 week high of $5.38. The business has a 50-day simple moving average of $3.96 and a 200 day simple moving average of $3.87.

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

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.