Beatriz V. Infante Sells 8,690 Shares of Ribbon Communications (NASDAQ:RBBN) Stock

Key Points

• Beatriz Infante, a director at Ribbon Communications, sold 8,690 shares at an average price of $3.98, reducing her ownership by 2.47%.
• The company's stock traded at $4.06 recently, with a market capitalization of $718.94 million and a consensus price target of $6.00 from analysts.
• Ribbon Communications reported a 14.5% year-over-year increase in revenue for the last quarter, reaching $220.58 million, with earnings per share matching analyst estimates at $0.05.

Ribbon Communications Inc. (NASDAQ:RBBN - Get Free Report) Director Beatriz V. Infante sold 8,690 shares of the company's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $3.98, for a total transaction of $34,586.20. Following the sale, the director directly owned 343,224 shares of the company's stock, valued at $1,366,031.52. This represents a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Ribbon Communications Stock Down 3.0%

Shares of NASDAQ RBBN traded down $0.12 during mid-day trading on Friday, reaching $3.82. The company had a trading volume of 570,181 shares, compared to its average volume of 523,187. The stock has a fifty day moving average of $3.94 and a two-hundred day moving average of $3.82. 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 market capitalization of $676.45 million, a price-to-earnings ratio of -15.28 and a beta of 1.39. Ribbon Communications Inc. has a 12-month low of $2.91 and a 12-month high of $5.38.

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 (EPS) 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 firm earned $0.05 earnings per share. The firm's revenue was up 14.5% compared to the same quarter last year. Ribbon Communications has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts expect that Ribbon Communications Inc. will post 0.18 EPS for the current year.

Analyst Ratings Changes

RBBN has been the topic of several research 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 restated a "buy" rating and issued a $6.00 price objective on shares of Ribbon Communications in a research note on Thursday. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $6.00.

Institutional Trading of Ribbon Communications

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Ribbon Communications by 4.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 52,584 shares of the communications equipment provider's stock valued at $219,000 after buying an additional 2,288 shares in the last quarter. Ameriprise Financial Inc. increased its position in Ribbon Communications by 2.7% in the fourth quarter. Ameriprise Financial Inc. now owns 136,621 shares of the communications equipment provider's stock worth $568,000 after purchasing an additional 3,622 shares during the period. Price T Rowe Associates Inc. MD increased 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 worth $261,000 after purchasing an additional 4,978 shares during the period. Worth Venture Partners LLC increased its position in Ribbon Communications by 11.0% in the first quarter. Worth Venture Partners LLC now owns 50,564 shares of the communications equipment provider's stock worth $198,000 after purchasing an additional 5,000 shares during the period. Finally, Los Angeles Capital Management LLC increased its position in Ribbon Communications by 9.6% in the second quarter. Los Angeles Capital Management LLC now owns 64,160 shares of the communications equipment provider's stock worth $257,000 after purchasing an additional 5,600 shares during the period. 70.92% of the stock is currently owned by institutional investors and hedge funds.

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.