Insider Selling: Ribbon Communications (NASDAQ:RBBN) Director Sells 8,690 Shares of 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 Infante sold 8,690 shares of the stock in a transaction on Friday, September 5th. The shares were sold at an average price of $3.98, for a total value of $34,586.20. Following the transaction, the director directly owned 343,224 shares of the company's stock, valued at approximately $1,366,031.52. This trade represents a 2.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Ribbon Communications Stock Performance

NASDAQ RBBN traded up $0.07 on Monday, hitting $4.06. 448,816 shares of the stock traded hands, compared to its average volume of 555,980. The business's fifty day moving average is $3.96 and its two-hundred day moving average is $3.84. Ribbon Communications Inc. has a 12 month low of $2.84 and a 12 month high of $5.38. The firm has a market capitalization of $718.94 million, a price-to-earnings ratio of -16.24 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 (NASDAQ:RBBN - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. The firm had revenue of $220.58 million for 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 business's quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.05 earnings per share. Ribbon Communications has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities analysts anticipate that Ribbon Communications Inc. will post 0.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Ribbon Communications

A number of institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC increased its stake in Ribbon Communications by 453.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,025 shares of the communications equipment provider's stock worth $40,000 after buying an additional 8,213 shares in the last quarter. Keel Point LLC bought a new position in shares of Ribbon Communications in the 2nd quarter valued at about $45,000. Engineers Gate Manager LP bought a new position in shares of Ribbon Communications in the 2nd quarter valued at about $53,000. Boothbay Fund Management LLC raised its position in Ribbon Communications by 33.7% in the 2nd quarter. Boothbay Fund Management LLC now owns 81,937 shares of the communications equipment provider's stock worth $329,000 after purchasing an additional 20,665 shares during the period. Finally, Ameriprise Financial Inc. raised its position in Ribbon Communications by 8.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 148,710 shares of the communications equipment provider's stock worth $596,000 after purchasing an additional 11,789 shares during the period. Hedge funds and other institutional investors own 70.92% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on RBBN. Rosenblatt Securities lifted their price objective on Ribbon Communications from $5.50 to $6.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Wall Street Zen upgraded Ribbon Communications from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $6.00.

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.

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