Silverberg Bernstein Capital Management LLC Grows Stock Position in Ribbon Communications Inc. $RBBN

Key Points

• Silverberg Bernstein Capital Management LLC increased its holdings in Ribbon Communications Inc. by 33.7% during the 2nd quarter, owning 392,579 shares valued at approximately $1.57 million as of the latest SEC filing.
• A consensus of four analysts has given Ribbon Communications a "Buy" rating, with a target price of $6.00, reflecting positive sentiment on the stock's potential performance.
• Ribbon Communications recently reported a 14.5% year-over-year revenue increase for the quarter, achieving $220.58 million, and met earnings expectations with earnings per share of $0.05.

Silverberg Bernstein Capital Management LLC boosted its holdings in Ribbon Communications Inc. (NASDAQ:RBBN - Free Report) by 33.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 392,579 shares of the communications equipment provider's stock after buying an additional 98,996 shares during the period. Ribbon Communications makes up about 1.1% of Silverberg Bernstein Capital Management LLC's investment portfolio, making the stock its 27th largest position. Silverberg Bernstein Capital Management LLC owned about 0.22% of Ribbon Communications worth $1,574,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in RBBN. Allianz Asset Management GmbH acquired a new position in Ribbon Communications during the first quarter valued at approximately $57,000. Strs Ohio acquired a new stake in shares of Ribbon Communications in the 1st quarter valued at approximately $69,000. ProShare Advisors LLC boosted 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 buying an additional 8,485 shares during the period. First Bank & Trust bought a new position in Ribbon Communications during the 1st quarter worth approximately $115,000. Finally, Vestmark Advisory Solutions Inc. increased its stake in shares of Ribbon Communications by 118.3% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 30,138 shares of the communications equipment provider's stock valued at $118,000 after acquiring an additional 16,335 shares in the last quarter. 70.92% of the stock is owned by institutional investors.

Ribbon Communications Trading Down 2.5%

Ribbon Communications stock traded down $0.10 during mid-day trading on Friday, hitting $3.87. The company's stock had a trading volume of 864,683 shares, compared to its average volume of 579,434. Ribbon Communications Inc. has a one year low of $3.01 and a one year high of $5.38. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.13 and a current ratio of 1.38. The company has a 50 day moving average of $3.92 and a 200-day moving average of $3.80. The stock has a market cap of $685.30 million, a PE ratio of -15.48 and a beta of 1.39.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on RBBN shares. Rosenblatt Securities reissued a "buy" rating and issued a $6.00 price target on shares of Ribbon Communications in a report on Thursday, September 11th. Wall Street Zen upgraded shares of Ribbon Communications from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $6.00.

Insider Activity

In other Ribbon Communications news, EVP Dan Redington sold 14,176 shares of the firm's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $4.02, for a total value of $56,987.52. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Beatriz V. Infante sold 8,690 shares of Ribbon Communications stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $3.98, for a total value of $34,586.20. Following the completion of the transaction, the director owned 343,224 shares of the company's stock, valued at $1,366,031.52. This trade represents a 2.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 198,300 shares of company stock worth $801,173. 1.72% of the stock is owned by company insiders.

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.