Ribbon Communications (NASDAQ:RBBN) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

Ribbon Communications Inc. (NASDAQ:RBBN - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.92 and traded as high as $4.06. Ribbon Communications shares last traded at $4.03, with a volume of 307,405 shares.

Wall Street Analyst Weigh In

A number of brokerages recently commented on RBBN. B. Riley reduced their price objective on shares of Ribbon Communications from $7.50 to $6.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Rosenblatt Securities restated a "buy" rating and issued a $5.50 price objective on shares of Ribbon Communications in a research report on Wednesday, April 30th. Finally, Wall Street Zen downgraded shares of Ribbon Communications from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $5.88.

Ribbon Communications Stock Performance

The stock's 50-day moving average price is $3.81 and its 200-day moving average price is $3.92. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.13 and a current ratio of 1.39. The company has a market capitalization of $714.10 million, a price-to-earnings ratio of -13.95 and a beta of 1.36.

Ribbon Communications (NASDAQ:RBBN - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The communications equipment provider reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.04). Ribbon Communications had a negative net margin of 6.00% and a positive return on equity of 6.76%. The company had revenue of $181.28 million for the quarter, compared to analyst estimates of $191.66 million. During the same quarter in the previous year, the business posted ($0.01) earnings per share. Ribbon Communications's revenue was up .9% on a year-over-year basis. As a group, equities research analysts expect that Ribbon Communications Inc. will post 0.18 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. boosted its position in Ribbon Communications by 76.1% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,189,250 shares of the communications equipment provider's stock worth $4,662,000 after purchasing an additional 513,985 shares during the period. Nuveen LLC purchased a new stake in Ribbon Communications during the 1st quarter worth $1,297,000. Dimensional Fund Advisors LP boosted its position in Ribbon Communications by 5.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,314,669 shares of the communications equipment provider's stock worth $26,269,000 after purchasing an additional 302,039 shares during the period. Vanguard Group Inc. boosted its position in Ribbon Communications by 4.2% during the 4th quarter. Vanguard Group Inc. now owns 7,402,073 shares of the communications equipment provider's stock worth $30,793,000 after purchasing an additional 295,524 shares during the period. Finally, Royce & Associates LP boosted its position in Ribbon Communications by 10.3% during the 1st quarter. Royce & Associates LP now owns 3,092,068 shares of the communications equipment provider's stock worth $12,121,000 after purchasing an additional 289,210 shares during the period. 70.92% of the stock is currently owned by institutional investors and hedge funds.

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.