Ribbon Communications Stock Price, Forecast & Analysis (NASDAQ:RBBN)

Ribbon Communications trades on the NASDAQ under the ticker symbol "RBBN."

Ribbon Communications Inc (NASDAQ:RBBN) issued its quarterly earnings data on Wednesday, October, 30th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by $0.08. The communications equipment provider earned $137.65 million during the quarter, compared to analysts' expectations of $156.66 million. Ribbon Communications had a return on equity of 5.02% and a net margin of 3.25%. The firm's quarterly revenue was down 9.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.18 EPS. View Ribbon Communications' Earnings History.

Ribbon Communications is scheduled to release their next quarterly earnings announcement on Wednesday, February 19th 2020. View Earnings Estimates for Ribbon Communications.

1 brokers have issued 1-year price targets for Ribbon Communications' stock. Their forecasts range from $6.00 to $6.00. On average, they expect Ribbon Communications' share price to reach $6.00 in the next year. This suggests a possible upside of 96.7% from the stock's current price. View Analyst Price Targets for Ribbon Communications.

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ribbon Communications in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Ribbon Communications.

News headlines about RBBN stock have been trending somewhat negative recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Ribbon Communications earned a media sentiment score of -1.4 on InfoTrie's scale. They also gave press coverage about the communications equipment provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Ribbon Communications.

Ribbon Communications saw a decline in short interest in October. As of October 31st, there was short interest totalling 538,000 shares, a decline of 11.6% from the September 30th total of 608,700 shares. Based on an average daily trading volume, of 264,200 shares, the short-interest ratio is presently 2.0 days. Approximately 0.5% of the company's stock are short sold. View Ribbon Communications' Current Options Chain.

Some companies that are related to Ribbon Communications include Cisco Systems (CSCO), QUALCOMM (QCOM), Motorola Solutions (MSI), Palo Alto Networks (PANW), F5 Networks (FFIV), Juniper Networks (JNPR), Ubiquiti Networks (UBNT), Ciena (CIEN), ViaSat (VSAT), Echostar (SATS), Finisar (FNSR), InterDigital Wireless (IDCC), Plantronics (PLT), Infinera (INFN) and Comtech Telecomm. (CMTL).

Based on aggregate information from My MarketBeat watchlists, some companies that other Ribbon Communications investors own include Bank of Hawaii (BOH), InterDigital Wireless (IDCC), Stag Industrial (STAG), RADCOM (RDCM), Amyris (AMRS), Cisco Systems (CSCO), TherapeuticsMD (TXMD), General Electric (GE), Evoke Pharma (EVOK) and Starbucks (SBUX).

Ribbon Communications' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Rice Hall James & Associates LLC (0.29%), First Trust Advisors LP (0.19%), Assenagon Asset Management S.A. (0.19%), Virginia Retirement Systems ET AL (0.09%), California Public Employees Retirement System (0.09%) and Rhumbline Advisers (0.08%). Company insiders that own Ribbon Communications stock include Anthony Scarfo, Bruns H Grayson, Franklin W Iv Hobbs, Justin K Ferguson, Kent Mathy and Michael R Swade. View Institutional Ownership Trends for Ribbon Communications.

RBBN stock was sold by a variety of institutional investors in the last quarter, including Virginia Retirement Systems ET AL, First Trust Advisors LP, Rice Hall James & Associates LLC and SG Americas Securities LLC. Company insiders that have sold Ribbon Communications company stock in the last year include Anthony Scarfo and Justin K Ferguson. View Insider Buying and Selling for Ribbon Communications.

RBBN stock was bought by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Bailard Inc., California Public Employees Retirement System, Campbell & CO Investment Adviser LLC, Rhumbline Advisers and Russell Investments Group Ltd.. Company insiders that have bought Ribbon Communications stock in the last two years include Bruns H Grayson, Franklin W Iv Hobbs and Kent Mathy. View Insider Buying and Selling for Ribbon Communications.

Shares of RBBN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of RBBN stock can currently be purchased for approximately $3.05.

Ribbon Communications has a market capitalization of $337.67 million and generates $577.91 million in revenue each year. The communications equipment provider earns $-76,810,000.00 in net income (profit) each year or $0.48 on an earnings per share basis. Ribbon Communications employs 2,245 workers across the globe.View Additional Information About Ribbon Communications.

The official website for Ribbon Communications is http://www.ribboncommunications.com/.

Ribbon Communications' mailing address is 4 TECHNOLOGY PARK DRIVE, WESTFORD MA, 01886. The communications equipment provider can be reached via phone at 978-614-8100 or via email at [email protected]