Ribbon Communications (NASDAQ:RBBN) EVP Sells $83,200.00 in Stock

Key Points

• Dan Redington, EVP of Ribbon Communications, sold 20,000 shares at an average price of $4.16, reducing his ownership by 10.55% to 169,610 shares.
• Ribbon Communications recently reported a 14.5% year-over-year revenue increase to $220.58 million and met earnings expectations with an EPS of $0.05.
• Analysts maintain a consensus "Buy" rating for Ribbon Communications, with an average target price of $6.00, up from previous estimates.

Ribbon Communications Inc. (NASDAQ:RBBN - Get Free Report) EVP Dan Redington sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $4.16, for a total value of $83,200.00. Following the transaction, the executive vice president directly owned 169,610 shares in the company, valued at approximately $705,577.60. This trade represents a 10.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Dan Redington also recently made the following trade(s):

• On Monday, September 8th, Dan Redington sold 14,176 shares of Ribbon Communications stock. The stock was sold at an average price of $4.02, for a total value of $56,987.52.
• On Friday, September 5th, Dan Redington sold 155,434 shares of Ribbon Communications stock. The stock was sold at an average price of $4.03, for a total value of $626,399.02.

Ribbon Communications Stock Performance

Shares of NASDAQ:RBBN traded down $0.12 during trading on Friday, reaching $3.82. 570,181 shares of the stock were exchanged, compared to its average volume of 523,187. Ribbon Communications Inc. has a 12 month low of $2.91 and a 12 month high of $5.38. The firm has a market cap of $676.45 million, a PE ratio of -15.28 and a beta of 1.39. The stock has a 50-day moving average price of $3.94 and a 200-day moving average price of $3.82. The company has a current ratio of 1.38, a quick ratio of 1.13 and a debt-to-equity ratio of 0.88.

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 (EPS) for the quarter, meeting the consensus estimate of $0.05. The business had revenue of $220.58 million during the quarter, compared to analysts' expectations of $213.31 million. Ribbon Communications had a positive return on equity of 7.08% and a negative net margin of 5.14%.The firm's revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the previous year, the company 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 EPS for the current fiscal year.

Institutional Trading of Ribbon Communications

Several large investors have recently made changes to their positions in RBBN. Connor Clark & Lunn Investment Management Ltd. lifted its position in Ribbon Communications by 76.1% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,189,250 shares of the communications equipment provider's stock valued at $4,662,000 after purchasing an additional 513,985 shares during the period. Nuveen LLC bought a new position in Ribbon Communications in the first quarter worth approximately $1,297,000. Royce & Associates LP raised its position in 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 acquiring an additional 289,210 shares during the period. AQR Capital Management LLC bought a new position in Ribbon Communications in the first quarter worth approximately $805,000. Finally, Geode Capital Management LLC raised its position in Ribbon Communications by 7.9% in the second quarter. Geode Capital Management LLC now owns 2,303,256 shares of the communications equipment provider's stock worth $9,238,000 after acquiring an additional 169,402 shares during the period. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on RBBN. Rosenblatt Securities restated a "buy" rating and issued a $6.00 price objective on shares of Ribbon Communications in a report on Thursday. Wall Street Zen upgraded Ribbon Communications from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus 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.