NASDAQ:RBBN

Ribbon Communications Stock Forecast, Price & News

$7.40
-0.66 (-8.19 %)
(As of 06/18/2021 12:00 AM ET)
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Today's Range
$7.31
$8.09
50-Day Range
$6.39
$8.53
52-Week Range
$3.61
$11.25
Volume2.01 million shs
Average Volume681,469 shs
Market Capitalization$1.09 billion
P/E Ratio15.42
Dividend YieldN/A
Beta1.09
30 days | 90 days | 365 days | Advanced Chart
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Ribbon Communications logo

About Ribbon Communications

Ribbon Communications Inc. provides communications technology in the United States, Europe, the Middle East, Africa, Japan, 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; and solutions and services for enabling voice over internet protocol communications, voice over long-term evolution, and voice over 5G communications and unified communications and collaboration. This segment also offers session border controller and network transformation products. This segment serves private, public, or hybrid cloud infrastructures, as well as data centers, enterprise premises, and service provider networks. The IP Optical Networks segment provides hardware and software solutions for IP networking, switching, routing, and optical transport to support and enable technologies, such as 5G, distributed cloud computing, and corresponding applications by delivering ultra-low cost-per-bit transport and multi-service flexibility. It also offers multiple solutions, including 5G-native solutions for mobile backhaul, metro and edge aggregation, core networking, data center interconnect, legacy NTR, and transport solutions for wholesale carriers. This segment serves utilities, government, defense, finance, transportation, and education and research industries, as well as service providers and enterprises. It also provides advanced analytics solutions and next generation products that provides cloud-native and streaming analytics platform for networks and subscribers; and core-to-edge products, and end-to-end service assurance and analytics solutions, and integrated SD-WAN services. Ribbon Communications has strategic partnerships with Orion Innovation. The company was formerly known as Sonus Networks, Inc. and changed its name to Ribbon Communications Inc. in November 2017. Ribbon Communications Inc. was founded in 1997 and is headquartered in Plano, Texas.

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MarketRank

Overall MarketRank

2.31 out of 5 stars

Computer And Technology Sector

40th out of 1,582 stocks

Computer Integrated Systems Design Industry

3rd out of 58 stocks

Analyst Opinion: 3.5Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 3.1 5 -4 -3 -2 -1 -
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Ribbon Communications (NASDAQ:RBBN) Frequently Asked Questions

Is Ribbon Communications a buy right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ribbon Communications in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Ribbon Communications stock.
View analyst ratings for Ribbon Communications
or view top-rated stocks.

What stocks does MarketBeat like better than Ribbon Communications?

Wall Street analysts have given Ribbon Communications a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Ribbon Communications wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Ribbon Communications?

Ribbon Communications saw a increase in short interest during the month of May. As of May 14th, there was short interest totaling 2,260,000 shares, an increase of 56.9% from the April 29th total of 1,440,000 shares. Based on an average daily trading volume, of 720,700 shares, the days-to-cover ratio is presently 3.1 days.
View Ribbon Communications' Short Interest
.

When is Ribbon Communications' next earnings date?

Ribbon Communications is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Ribbon Communications
.

How were Ribbon Communications' earnings last quarter?

Ribbon Communications Inc. (NASDAQ:RBBN) posted its earnings results on Wednesday, April, 28th. The communications equipment provider reported $0.03 EPS for the quarter, topping the Zacks' consensus estimate of $0.02 by $0.01. The communications equipment provider had revenue of $192.77 million for the quarter, compared to analyst estimates of $192.52 million. Ribbon Communications had a net margin of 8.77% and a trailing twelve-month return on equity of 20.02%.
View Ribbon Communications' earnings history
.

How has Ribbon Communications' stock price been impacted by Coronavirus (COVID-19)?

Ribbon Communications' stock was trading at $2.58 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, RBBN stock has increased by 186.8% and is now trading at $7.40.
View which stocks have been most impacted by COVID-19
.

What guidance has Ribbon Communications issued on next quarter's earnings?

Ribbon Communications issued an update on its second quarter 2021 earnings guidance on Wednesday, May, 5th. The company provided EPS guidance of 0.090-0.110 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.110. The company issued revenue guidance of $215 million-$225 million, compared to the consensus revenue estimate of $221.92 million.

What price target have analysts set for RBBN?

2 brokers have issued 1-year target prices for Ribbon Communications' shares. Their forecasts range from $6.00 to $14.00. On average, they anticipate Ribbon Communications' stock price to reach $10.00 in the next year. This suggests a possible upside of 35.1% from the stock's current price.
View analysts' price targets for Ribbon Communications
or view top-rated stocks among Wall Street analysts.

Who are Ribbon Communications' key executives?

Ribbon Communications' management team includes the following people:
  • Mr. Bruce W. McClelland, Pres, CEO & Director (Age 54, Pay $1.39M)
  • Mr. Miguel A. Lopez, Exec. VP & CFO (Age 61, Pay $795.75k)
  • Mr. Patrick W. Macken, Exec. VP, Chief Legal Officer & Corp. Sec. (Age 47, Pay $722.62k)
  • Mr. Anthony Scarfo, Exec. VP and GM of Cloud & Edge Bus. Unit (Age 60, Pay $831.91k)
  • Mr. Steven M. Bruny, Exec. VP of Sales - Americas Region (Age 62, Pay $814.33k)
  • Mr. Salvatore Bucci, Exec. VP & GM of IP Optical Networks Bus. Unit (Age 56, Pay $360.17k)
  • Ms. Sara Leggat, Head of Investor Relations
  • Mr. Sean P. Matthews CPA, Exec. VP of Corp. Devel. and Strategy
  • Ms. Petrena Ferguson, Sr. VP of HR
  • Ms. Bita Milanian, Sr. VP of Global Marketing

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 (IDCC), STAG Industrial (STAG), NVIDIA (NVDA), Overstock.com (OSTK), Enphase Energy (ENPH), Amyris (AMRS), Pure Storage (PSTG), QUALCOMM (QCOM) and The Boeing (BA).

What is Ribbon Communications' stock symbol?

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

Who are Ribbon Communications' major shareholders?

Ribbon Communications' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include JPMorgan Chase & Co. (33.89%), Paradigm Capital Management Inc. NY (5.53%), BlackRock Inc. (4.57%), Dimensional Fund Advisors LP (2.43%), Neuberger Berman Group LLC (2.15%) and Ophir Asset Management Pty Ltd (1.61%). Company insiders that own Ribbon Communications stock include Anthony Scarfo, Bruce William Mcclelland, Daryl Raiford, Eric S Marmurek, John R Mccready, Justin K Ferguson, Kent Mathy, Kevin W Riley, Miguel A Lopez, Patrick Joggerst, Richard J Lynch, Sam Bucci 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 Cerberus Capital Management L.P., Renaissance Technologies LLC, JPMorgan Chase & Co., Paradigm Capital Management Inc. NY, Dimensional Fund Advisors LP, D. E. Shaw & Co. Inc., Neuberger Berman Group LLC, and Putnam Investments LLC. Company insiders that have sold Ribbon Communications company stock in the last year include Anthony Scarfo, Eric S Marmurek, and Sam Bucci.
View insider buying and selling activity for Ribbon Communications
or view top insider-selling stocks.

Which institutional investors are buying Ribbon Communications stock?

RBBN stock was acquired by a variety of institutional investors in the last quarter, including Ophir Asset Management Pty Ltd, BlackRock Inc., Rafferty Asset Management LLC, EAM Global Investors LLC, EAM Investors LLC, Geode Capital Management LLC, Millennium Management LLC, and Penserra Capital Management LLC. Company insiders that have bought Ribbon Communications stock in the last two years include Bruce William Mcclelland, Kent Mathy, Miguel A Lopez, and Richard J Lynch.
View insider buying and selling activity for Ribbon Communications
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Ribbon Communications' stock price today?

One share of RBBN stock can currently be purchased for approximately $7.40.

How much money does Ribbon Communications make?

Ribbon Communications has a market capitalization of $1.09 billion and generates $843.79 million in revenue each year. The communications equipment provider earns $88.59 million in net income (profit) each year or $0.61 on an earnings per share basis.

How many employees does Ribbon Communications have?

Ribbon Communications employs 3,784 workers across the globe.

What is Ribbon Communications' official website?

The official website for Ribbon Communications is www.ribboncommunications.com.

Where are Ribbon Communications' headquarters?

Ribbon Communications is headquartered at 4 TECHNOLOGY PARK DRIVE, WESTFORD MA, 01886.

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]


This page was last updated on 6/20/2021 by MarketBeat.com Staff
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