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NASDAQ:RBBN - Ribbon Communications Stock Price, Forecast & News

$2.80
-0.09 (-3.11 %)
(As of 12/16/2019 08:51 AM ET)
Today's Range
$2.77
Now: $2.80
$2.89
50-Day Range
$2.60
MA: $3.57
$5.48
52-Week Range
$2.44
Now: $2.80
$6.56
Volume562,539 shs
Average Volume545,708 shs
Market Capitalization$309.99 million
P/E Ratio5.83
Dividend YieldN/A
Beta1.24
Ribbon Communications Inc provides networked solutions in the United States, Europe, the Middle East, Africa, Japan, other Asia Pacific, and internationally. The company offers service provider solutions, such as fixed network transformation, mobile network evolution, secure network interconnects, network functions virtualization, cloud communications, and communications security solutions that enables secure and innovative business and consumer communications services. Read More…

Industry, Sector and Symbol

Industry Computer integrated systems design
Sub-IndustryCommunications Equipment
SectorComputer and Technology
Current SymbolNASDAQ:RBBN
CUSIP83591610
Phone978-614-8100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$577.91 million
Cash Flow$1.04 per share
Book Value$5.54 per share

Profitability

Net Income$-76,810,000.00

Miscellaneous

Employees2,245
Market Cap$309.99 million
Next Earnings Date2/19/2020 (Estimated)
OptionableOptionable

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Ribbon Communications (NASDAQ:RBBN) Frequently Asked Questions

What is Ribbon Communications' stock symbol?

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

How were Ribbon Communications' earnings last quarter?

Ribbon Communications Inc (NASDAQ:RBBN) posted its quarterly earnings data on Wednesday, October, 30th. The communications equipment provider reported $0.13 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.21 by $0.08. The communications equipment provider had revenue of $137.65 million for the quarter, compared to analyst estimates of $156.66 million. Ribbon Communications had a return on equity of 5.02% and a net margin of 3.25%. The company's quarterly revenue was down 9.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.18 earnings per share. View Ribbon Communications' Earnings History.

When is Ribbon Communications' next earnings date?

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

What price target have analysts set for RBBN?

2 brokers have issued 12-month price targets for Ribbon Communications' stock. Their forecasts range from $3.50 to $6.00. On average, they expect Ribbon Communications' share price to reach $4.75 in the next year. This suggests a possible upside of 69.6% from the stock's current price. View Analyst Price Targets for Ribbon Communications.

What is the consensus analysts' recommendation for Ribbon Communications?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ribbon Communications in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Ribbon Communications.

What are Wall Street analysts saying about Ribbon Communications stock?

Here are some recent quotes from research analysts about Ribbon Communications stock:
  • 1. According to Zacks Investment Research, "Ribbon Communications Inc. develops communication software. It provides session border controllers, diameter signals, policy and routing servers, media and signaling gateways, cloud and mobility solutions. Ribbon Communications Inc., formerly known as Sonus Networks Inc., is headquartered in Westford, Massachusetts. " (11/6/2019)
  • 2. Northland Securities analysts commented, "We believe they also continue to have the same revenue outlook for FY19." (6/12/2019)

Has Ribbon Communications been receiving favorable news coverage?

News articles about RBBN stock have been trending somewhat negative recently, according to InfoTrie. The research firm identifies positive and negative press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Ribbon Communications earned a news impact score of -1.7 on InfoTrie's scale. They also gave news coverage about the communications equipment provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the near future. View News Stories for Ribbon Communications.

Are investors shorting Ribbon Communications?

Ribbon Communications saw a increase in short interest during the month of November. As of November 29th, there was short interest totalling 786,700 shares, an increase of 44.9% from the November 14th total of 543,100 shares. Based on an average trading volume of 414,800 shares, the short-interest ratio is presently 1.9 days. Currently, 0.7% of the company's stock are short sold. View Ribbon Communications' Current Options Chain.

Who are some of Ribbon Communications' key competitors?

What other stocks do shareholders of Ribbon Communications own?

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 Bank of America (BAC).

Who are Ribbon Communications' key executives?

Ribbon Communications' management team includes the folowing people:
  • Mr. Franklin Warren Hobbs IV, CEO, Pres & Director (Age 72)
  • Mr. Daryl E. Raiford, Exec. VP & CFO (Age 56)
  • Mr. Kevin W. Riley, Chief Technology Officer (Age 48)
  • Mr. Eric S. Marmurek, Sr. VP & Chief Accounting Officer (Age 54)
  • Ms. Sara Leggat, Head of Investor Relations

Who are Ribbon Communications' major shareholders?

Ribbon Communications' stock is owned by a variety of of institutional and retail investors. Top institutional investors include State Street Corp (1.10%), Rice Hall James & Associates LLC (0.29%), First Trust Advisors LP (0.19%), Assenagon Asset Management S.A. (0.19%), Squarepoint Ops LLC (0.14%) and Engine Capital Management LP (0.12%). Company insiders that own Ribbon Communications stock include Anthony Scarfo, Bruns H Grayson, Daryl Raiford, Eric S Marmurek, Franklin W Iv Hobbs, John R Mccready, Justin K Ferguson, Kent Mathy, Michael R Swade, Patrick Joggerst and Steven M Bruny. View Institutional Ownership Trends for Ribbon Communications.

Which institutional investors are selling Ribbon Communications stock?

RBBN stock was sold by a variety of institutional investors in the last quarter, including Engine Capital Management LP, Virginia Retirement Systems ET AL, First Trust Advisors LP, Rice Hall James & Associates LLC, Barclays PLC and SG Americas Securities LLC. Company insiders that have sold Ribbon Communications company stock in the last year include Anthony Scarfo, Daryl Raiford, Eric S Marmurek, John R Mccready, Justin K Ferguson, Patrick Joggerst and Steven M Bruny. View Insider Buying and Selling for Ribbon Communications.

Which institutional investors are buying Ribbon Communications stock?

RBBN stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., State Street Corp, Millennium Management LLC, Bailard Inc., California Public Employees Retirement System, Penserra Capital Management LLC, Public Employees Retirement System of Ohio and Campbell & CO Investment Adviser LLC. 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.

How do I buy shares of 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.

What is Ribbon Communications' stock price today?

One share of RBBN stock can currently be purchased for approximately $2.80.

How big of a company is Ribbon Communications?

Ribbon Communications has a market capitalization of $309.99 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.

What is Ribbon Communications' official website?

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

How can I contact Ribbon Communications?

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]


MarketBeat Community Rating for Ribbon Communications (NASDAQ RBBN)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  435 (Vote Outperform)
Underperform Votes:  498 (Vote Underperform)
Total Votes:  933
MarketBeat's community ratings are surveys of what our community members think about Ribbon Communications and other stocks. Vote "Outperform" if you believe RBBN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe RBBN will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/16/2019 by MarketBeat.com Staff

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