Ribbon Communications Inc. (NASDAQ:RBBN - Get Free Report) EVP Dan Redington sold 14,176 shares of the company'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 can be accessed through this link.
Dan Redington also recently made the following trade(s):
- 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.
- On Thursday, September 4th, Dan Redington sold 20,000 shares of Ribbon Communications stock. The stock was sold at an average price of $4.16, for a total value of $83,200.00.
Ribbon Communications Stock Down 3.0%
Shares of RBBN stock traded down $0.12 on Friday, hitting $3.82. 570,181 shares of the stock were exchanged, compared to its average volume of 523,187. Ribbon Communications Inc. has a fifty-two week low of $2.91 and a fifty-two week high of $5.38. The firm has a market capitalization of $676.45 million, a P/E ratio of -15.28 and a beta of 1.39. The company has a current ratio of 1.38, a quick ratio of 1.13 and a debt-to-equity ratio of 0.88. The business has a 50-day moving average of $3.94 and a 200 day moving average of $3.82.
Ribbon Communications (NASDAQ:RBBN - Get Free Report) last released 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. Ribbon Communications had a positive return on equity of 7.08% and a negative net margin of 5.14%.The business had revenue of $220.58 million for the quarter, compared to analyst estimates of $213.31 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. Ribbon Communications's revenue was up 14.5% on a year-over-year basis. Ribbon Communications has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities analysts anticipate that Ribbon Communications Inc. will post 0.18 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on RBBN shares. Wall Street Zen upgraded Ribbon Communications from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Rosenblatt Securities reiterated a "buy" rating and set a $6.00 target price on shares of Ribbon Communications in a research note on Thursday. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $6.00.
View Our Latest Analysis on RBBN
Institutional Investors Weigh In On Ribbon Communications
A number of large investors have recently modified their holdings of RBBN. Tower Research Capital LLC TRC boosted its holdings in shares of 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 valued at $40,000 after purchasing an additional 8,213 shares in the last quarter. Ballentine Partners LLC acquired a new stake in shares of Ribbon Communications in the 2nd quarter valued at $44,000. Keel Point LLC acquired a new stake in shares of Ribbon Communications in the 2nd quarter valued at $45,000. Prudential Financial Inc. acquired a new stake in shares of Ribbon Communications in the 2nd quarter valued at $47,000. Finally, Occudo Quantitative Strategies LP acquired a new stake in shares of Ribbon Communications in the 2nd quarter valued at $50,000. Institutional investors and hedge funds own 70.92% of the company's stock.
About Ribbon Communications
(
Get Free Report)
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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