Ribbon Communications' (RBBN) "Sell (D-)" Rating Reaffirmed at Weiss Ratings

Key Points

• Ribbon Communications' stock has been given a "sell (D-)" rating by Weiss Ratings, reaffirming concerns among analysts regarding the company's performance.
• Despite the bearish outlook from Weiss, other analysts have assigned a "Moderate Buy" consensus rating with a price target of $6.00, indicating mixed sentiments about the stock.
• Insider trading activity has been significant, with executives selling over 198,000 shares in the past 90 days, representing a potential lack of confidence in the company's near-term prospects.

Ribbon Communications (NASDAQ:RBBN - Get Free Report)'s stock had its "sell (d-)" rating restated by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Other equities research analysts have also issued reports about 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 reiterated a "buy" rating and issued a $6.00 price objective on shares of Ribbon Communications in a report on Thursday, September 11th. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Ribbon Communications presently has a consensus rating of "Moderate Buy" and a consensus price target of $6.00.

Ribbon Communications Stock Performance

Shares of RBBN stock opened at $3.76 on Wednesday. The stock has a market cap of $665.83 million, a PE ratio of -15.04 and a beta of 1.36. The business has a 50-day simple moving average of $3.88 and a 200-day simple moving average of $3.78. The company has a quick ratio of 1.13, a current ratio of 1.38 and a debt-to-equity ratio of 0.88. Ribbon Communications has a 52-week low of $3.01 and a 52-week high of $5.38.

Ribbon Communications (NASDAQ:RBBN - Get Free Report) last issued its quarterly earnings data 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. 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 analysts' expectations of $213.31 million. During the same quarter in the previous year, the firm posted $0.05 EPS. The company's revenue for the quarter 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. On average, equities analysts expect that Ribbon Communications will post 0.18 EPS for the current year.

Insider Transactions at Ribbon Communications

In other news, EVP Dan Redington sold 14,176 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $4.02, for a total transaction of $56,987.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Beatriz V. Infante sold 8,690 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $3.98, for a total transaction 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 198,300 shares of company stock valued at $801,173. 1.72% of the stock is owned by insiders.

Institutional Trading of Ribbon Communications

Hedge funds and other institutional investors have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Ribbon Communications by 76.1% in the 1st 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 last quarter. Nuveen LLC acquired a new position in shares of Ribbon Communications during the 1st quarter valued at $1,297,000. Royce & Associates LP lifted its holdings in shares of 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 valued at $12,121,000 after acquiring an additional 289,210 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of Ribbon Communications during the 1st quarter valued at $805,000. Finally, Geode Capital Management LLC lifted its holdings in Ribbon Communications by 7.9% in the 2nd quarter. Geode Capital Management LLC now owns 2,303,256 shares of the communications equipment provider's stock worth $9,238,000 after buying an additional 169,402 shares in the last quarter. 70.92% of the stock is owned by hedge funds and other institutional investors.

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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