Ribbon Communications (NASDAQ:RBBN) EVP Dan Redington Sells 14,176 Shares

Key Points

• Dan Redington, EVP of Ribbon Communications, sold a total of 14,176 shares on September 8th at an average price of $4.02, totaling approximately $56,987.
• Ribbon Communications' stock is currently trading at $4.06, reflecting a slight increase of 1.8% during trading hours.
• Equities analysts have upgraded Ribbon Communications to a "buy" rating, with a consensus price target set at $6.00.

Ribbon Communications Inc. (NASDAQ:RBBN - Get Free Report) EVP Dan Redington sold 14,176 shares of Ribbon Communications 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 Securities & Exchange Commission, which is available at the SEC website.

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 Up 1.8%

NASDAQ:RBBN traded up $0.07 during mid-day trading on Monday, reaching $4.06. The stock had a trading volume of 448,816 shares, compared to its average volume of 555,980. The company has a market capitalization of $718.94 million, a price-to-earnings ratio of -16.24 and a beta of 1.39. Ribbon Communications Inc. has a 1-year low of $2.84 and a 1-year high of $5.38. The stock's 50 day simple moving average is $3.96 and its two-hundred day simple moving average is $3.84. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.38 and a quick ratio of 1.13.

Ribbon Communications (NASDAQ:RBBN - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The communications equipment provider reported $0.05 EPS for the quarter, hitting analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $213.31 million. During the same period last year, the firm earned $0.05 earnings per share. The company's revenue for the quarter 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. Equities analysts anticipate that Ribbon Communications Inc. will post 0.18 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Wall Street Zen upgraded Ribbon Communications from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Rosenblatt Securities lifted their target price on Ribbon Communications from $5.50 to $6.00 and gave the company a "buy" rating in a research note on Thursday, July 24th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $6.00.

Hedge Funds Weigh In On Ribbon Communications

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC boosted its position in shares of Ribbon Communications by 453.3% during the second 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 during the period. Keel Point LLC acquired a new position in shares of Ribbon Communications during the second quarter worth approximately $45,000. Engineers Gate Manager LP acquired a new position in shares of Ribbon Communications during the second quarter worth approximately $53,000. Boothbay Fund Management LLC boosted its position in shares of Ribbon Communications by 33.7% during the second quarter. Boothbay Fund Management LLC now owns 81,937 shares of the communications equipment provider's stock worth $329,000 after buying an additional 20,665 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in shares of Ribbon Communications by 8.6% during the second quarter. Ameriprise Financial Inc. now owns 148,710 shares of the communications equipment provider's stock worth $596,000 after buying an additional 11,789 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.

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