Ribbon Communications Inc. (NASDAQ:RBBN) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Ribbon Communications Inc. (NASDAQ:RBBN - Free Report) by 33.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 476,868 shares of the communications equipment provider's stock after acquiring an additional 119,266 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.27% of Ribbon Communications worth $1,984,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Ribbon Communications by 4.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,584 shares of the communications equipment provider's stock valued at $219,000 after purchasing an additional 2,288 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Ribbon Communications by 2.7% in the 4th quarter. Ameriprise Financial Inc. now owns 136,621 shares of the communications equipment provider's stock valued at $568,000 after buying an additional 3,622 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Ribbon Communications by 8.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 62,604 shares of the communications equipment provider's stock valued at $261,000 after buying an additional 4,978 shares during the last quarter. SG Americas Securities LLC boosted its stake in Ribbon Communications by 14.7% during the fourth quarter. SG Americas Securities LLC now owns 39,915 shares of the communications equipment provider's stock worth $166,000 after buying an additional 5,122 shares during the period. Finally, ProShare Advisors LLC increased its position in shares of Ribbon Communications by 49.1% during the fourth quarter. ProShare Advisors LLC now owns 25,782 shares of the communications equipment provider's stock valued at $107,000 after acquiring an additional 8,485 shares during the last quarter. Hedge funds and other institutional investors own 70.92% of the company's stock.

Ribbon Communications Stock Up 7.6%

Shares of NASDAQ:RBBN traded up $0.28 on Monday, hitting $3.97. 1,297,942 shares of the company's stock were exchanged, compared to its average volume of 437,318. Ribbon Communications Inc. has a 1-year low of $2.75 and a 1-year high of $5.38. The company has a market capitalization of $700.88 million, a PE ratio of -12.41 and a beta of 1.31. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.16 and a current ratio of 1.42. The firm's 50-day moving average is $3.49 and its 200 day moving average is $3.92.

Ribbon Communications (NASDAQ:RBBN - Get Free Report) last posted its earnings results on Tuesday, April 29th. The communications equipment provider reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.04). Ribbon Communications had a negative net margin of 6.50% and a positive return on equity of 7.36%. The company had revenue of $181.28 million during the quarter, compared to analysts' expectations of $191.66 million. During the same period last year, the business earned ($0.01) earnings per share. The company's quarterly revenue was up .9% on a year-over-year basis. Sell-side analysts predict that Ribbon Communications Inc. will post 0.18 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on RBBN. B. Riley cut their price objective on Ribbon Communications from $7.50 to $6.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Rosenblatt Securities reissued a "buy" rating and set a $5.50 price target on shares of Ribbon Communications in a research report on Wednesday, April 30th. Wall Street Zen cut shares of Ribbon Communications from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $6.00 target price on shares of Ribbon Communications in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $5.88.

About Ribbon Communications

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.