NASDAQ:RBBN

Ribbon Communications (RBBN) Stock Forecast, Price & News

$2.93

+0.07 (+2.45%)

(As of 06/2/2023 ET)

Compare

Today's Range: $2.88
▼
$2.96
50-Day Range: $2.30
▼
$3.44
52-Week Range: $2.19
▼
$4.84

Volume: 460,172 shs
Average Volume: 541,951 shs
Market Capitalization: $498.36 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $6.33

Ribbon Communications MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 116.2% Upside
$6.33 Price Target
Short Interest: Healthy
1.64% of Float Sold Short
Dividend Strength: N/A
Sustainability: -1.02
Upright™ Environmental Score
News Sentiment: 0.41
Based on 4 Articles This Week
Insider Trading: Acquiring Shares
$4.88 M Bought Last Quarter
Proj. Earnings Growth: 21.05%
From $0.19 to $0.23 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.78 out of 5 stars

Computer And Technology Sector

51st out of 609 stocks

Computer Integrated Systems Design Industry

3rd out of 37 stocks

3.5

Analyst's Opinion

Consensus Rating
Ribbon Communications has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $6.33, Ribbon Communications has a forecasted upside of 116.2% from its current price of $2.93.
Amount of Analyst Coverage
Ribbon Communications has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
1.64% of the float of Ribbon Communications has been sold short.
Short Interest Ratio / Days to Cover
Ribbon Communications has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Ribbon Communications has recently decreased by 3.39%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Ribbon Communications does not currently pay a dividend.
Dividend Growth
Ribbon Communications does not have a long track record of dividend growth.

3.7

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Ribbon Communications has received a 48.45% net impact score from Upright. The largest positive contribution comes from its "Knowledge infrastructure" impact, which is mostly driven by its "Secure file sharing software", "General-purpose CRM systems", "Routers", and "Network gateways" products. See details.
Environmental Sustainability
The Environmental Impact score for Ribbon Communications is -1.02.

2.4

News and Social Media Coverage

News Sentiment
Ribbon Communications has a news sentiment score of 0.41. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.52 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Ribbon Communications this week, compared to 4 articles on an average week.
Search Interest
10 people have searched for RBBN on MarketBeat in the last 30 days. This is an increase of 25% compared to the previous 30 days.
MarketBeat Follows
3 people have added Ribbon Communications to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ribbon Communications insiders have bought more of their company's stock than they have sold. Specifically, they have bought $4,881,260.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 1.77% of the stock of Ribbon Communications is held by insiders.
Percentage Held by Institutions
86.72% of the stock of Ribbon Communications is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Ribbon Communications are expected to grow by 21.05% in the coming year, from $0.19 to $0.23 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ribbon Communications is -6.81, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ribbon Communications is -6.81, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Ribbon Communications has a P/B Ratio of 1.05. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Ribbon Communications (NASDAQ:RBBN) Stock

Ribbon Communications, Inc. delivers communications software, IP and optical networking solutions to service providers, enterprises, and infrastructure sectors. It operates through the following segments: Cloud & Edge and IP Optical Networks. The Cloud and Edge segment provides secure and reliable software and hardware products, solutions, and services for enabling Voice over Internet Protocol (VoIP) communications, Voice over Long-Term Evolution (VoLTE) and Voice Over 5G (VoNR) communications, and Unified Communications and Collaboration (UC&C) within service provider and enterprise networks and from the cloud. The IP Optical Networks segment provides secure, and reliable hardware and software products solutions for IP networking, switching, routing, and optical transport designed to support and enable technologies like 5G, distributed cloud computing and corresponding applications by delivering ultra-low cost-per-bit transport and multi-service flexibility. The company was founded in 1997 and is headquartered in Plano, TX.

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RBBN Stock News Headlines

June 2, 2023 | msn.com

Pink Ribbon Open to celebrate 20th year of helping area breast cancer patients

May 31, 2023 | msn.com

Blue Ribbon Walk Steps Off Saturday To Support Oak Lawn 1st Responders

June 4, 2023 | Legacy Research (Affiliate) (Ad)

Sell Every Stock, Except ONE (Ticker Revealed)

We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.

May 29, 2023 | americanbankingnews.com

Ribbon Communications (NASDAQ:RBBN) Lifted to Buy at StockNews.com

May 26, 2023 | finance.yahoo.com

3 Network Software Stocks to Buy From a Prospering Industry

May 25, 2023 | msn.com

Wade Boggs Puts Pabst Blue Ribbon Rivalry In Past, Named Newest Spokesperson

May 25, 2023 | finanznachrichten.de

Ribbon Communications Inc.: Ribbon Launches Ribbon Connect for Zoom

May 25, 2023 | finance.yahoo.com

Ribbon Launches Ribbon Connect for Zoom

June 4, 2023 | Legacy Research (Affiliate) (Ad)

Sell Every Stock, Except ONE (Ticker Revealed)

May 25, 2023 | tmcnet.com

Texas Lone Star Network Partners with Ribbon Communications to Boost Network Capacity

May 23, 2023 | markets.businessinsider.com

JMP Securities Reaffirms Their Buy Rating on Ribbon Communications (RBBN)

May 22, 2023 | finance.yahoo.com

Weave Communications, Inc. (WEAV) Hit a 52 Week High, Can the Run Continue?

May 17, 2023 | finanznachrichten.de

Ribbon Communications Inc.: Texas Lone Star Network Selects Ribbon's IP Wave Solutions to Augment Network Capacity

May 17, 2023 | finance.yahoo.com

Texas Lone Star Network Selects Ribbon's IP Wave Solutions to Augment Network Capacity

May 14, 2023 | wfft.com

10th Pink Ribbon Run brings hundreds to southwest Fort Wayne

May 9, 2023 | msn.com

Patrick Henry Academy wins prized Green Ribbon designation

May 9, 2023 | msn.com

The Cocoon wins Purple Ribbon Award

May 8, 2023 | technews.tmcnet.com

EasyKnock Acquires Leading Homebuying Solution Ribbon Home

May 7, 2023 | americanbankingnews.com

Bruce William Mcclelland Purchases 10,000 Shares of Ribbon Communications Inc. (NASDAQ:RBBN) Stock

May 3, 2023 | finance.yahoo.com

Ribbon Communications Inc. (NASDAQ:RBBN) Q1 2023 Earnings Call Transcript

May 2, 2023 | msn.com

Superior Elementary celebrates national Blue Ribbon award

May 2, 2023 | finance.yahoo.com

Down -19.22% in 4 Weeks, Here's Why You Should You Buy the Dip in Ribbon Communications (RBBN)

May 2, 2023 | americanbankingnews.com

Head-To-Head Contrast: Aurora Innovation (NASDAQ:AUR) & Ribbon Communications (NASDAQ:RBBN)

May 2, 2023 | americanbankingnews.com

Equities Analysts Set Expectations for Ribbon Communications Inc.'s Q2 2023 Earnings (NASDAQ:RBBN)

April 28, 2023 | forbes.com

Update: RBBN, LXFR and MATW, April 28

April 28, 2023 | msn.com

JMP Securities Reiterates Ribbon Communications Inc - (RBBN) Market Outperform Recommendation

April 27, 2023 | finance.yahoo.com

Q1 2023 Ribbon Communications Inc Earnings Call

See More Headlines

RBBN Price History

30 days | 90 days | 365 days | Advanced Chart

RBBN Company Calendar

Last Earnings: 10/27/2021
Today: 6/03/2023
Next Earnings (Estimated): 7/26/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Computer integrated systems design
Sub-Industry: Communications Equipment
Sector: Computer and Technology
Current Symbol: NASDAQ:RBBN
CUSIP: 83591610
CIK: 1708055
Web: www.ribboncommunications.com
Phone: (978) 614-8100
Fax: 978-614-8101
Employees: 3,394
Year Founded: 2017

Price Target and Rating

Average Stock Price Forecast: $6.33
High Stock Price Forecast: $7.00
Low Stock Price Forecast: $6.00
Forecasted Upside/Downside: +116.2%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.43)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 15.42
P/E Growth: N/A
Net Income: $-98,080,000.00
Net Margins: -7.98%
Pretax Margin: -9.32%
Return on Equity: 1.58%
Return on Assets: 0.62%

Debt

Debt-to-Equity Ratio: 0.48
Current Ratio: 1.25
Quick Ratio: 1.03

Sales & Book Value

Annual Sales: $819.76 million
Price / Sales: 0.61
Cash Flow: $0.50 per share
Price / Cash Flow: 5.91
Book Value: $2.78 per share
Price / Book: 1.05

Miscellaneous

Outstanding Shares: 170,090,000
Free Float: 167,076,000
Market Cap: $498.36 million
Optionable: Optionable
Beta: 1.00

Social Links

Key Executives

Bruce William McClelland
President, Chief Executive Officer & Director

Sam Bucci
Chief Operating Officer & Executive Vice President

Mick Lopez
Chief Financial Officer & Executive Vice President

Jamie Gibson
Vice President-Technology & Sales Engineering

Anthony Scarfo
Executive VP & GM-Cloud & Edge Business Unit

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

RBBN Stock - Frequently Asked Questions

Should I buy or sell Ribbon Communications stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ribbon Communications in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RBBN shares.
View RBBN analyst ratings or view top-rated stocks.
What is Ribbon Communications' stock price forecast for 2023?: 3 Wall Street research analysts have issued 12-month target prices for Ribbon Communications' shares. Their RBBN share price forecasts range from $6.00 to $7.00. On average, they expect the company's share price to reach $6.33 in the next twelve months. This suggests a possible upside of 116.2% from the stock's current price.
View analysts price targets for RBBN or view top-rated stocks among Wall Street analysts.
How have RBBN shares performed in 2023?: Ribbon Communications' stock was trading at $2.79 on January 1st, 2023. Since then, RBBN stock has increased by 5.0% and is now trading at $2.93.
View the best growth stocks for 2023 here.
When is Ribbon Communications' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our RBBN earnings forecast.
How were Ribbon Communications' earnings last quarter?: Ribbon Communications Inc. (NASDAQ:RBBN) announced its quarterly earnings data on Wednesday, October, 27th. The communications equipment provider reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by $0.01. The communications equipment provider earned $210.40 million during the quarter, compared to analysts' expectations of $219.73 million. Ribbon Communications had a positive trailing twelve-month return on equity of 1.58% and a negative net margin of 7.98%. During the same quarter in the previous year, the firm earned $0.04 EPS.
What ETFs hold Ribbon Communications' stock?: ETFs with the largest weight of Ribbon Communications (NASDAQ:RBBN) stock in their portfolio include iShares North American Tech-Multimedia Networking ETF (IGN), Defiance Next Gen Connectivity ETF (FIVG), Invesco Nasdaq Future Gen 200 ETF (QQQS), IQ Chaikin U.S. Small Cap ETF (CSML), Simplify Volt Cloud and Cybersecurity Disruption ETF (VCLO),
What guidance has Ribbon Communications issued on next quarter's earnings?: Ribbon Communications issued an update on its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $205.00 million-$215.00 million, compared to the consensus revenue estimate of $213.02 million.
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 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 many different institutional and retail investors. Top institutional shareholders include Paradigm Capital Management Inc. NY (3.93%), BlackRock Inc. (3.59%), Dimensional Fund Advisors LP (2.33%), Geode Capital Management LLC (0.96%), Putnam Investments LLC (0.95%) and State Street Corp (0.95%). Insiders that own company stock include Anthony Scarfo, Bruce William Mcclelland, Bruns H Grayson, Chase & Co Jpmorgan, Daryl Raiford, Eric S Marmurek, Miguel A Lopez, Sam Bucci and Swarth Investments Ltd.
View institutional ownership trends.
How do I buy shares of Ribbon Communications?: Shares of RBBN stock 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 $2.93.
How much money does Ribbon Communications make?: Ribbon Communications (NASDAQ:RBBN) has a market capitalization of $498.36 million and generates $819.76 million in revenue each year. The communications equipment provider earns $-98,080,000.00 in net income (profit) each year or ($0.43) on an earnings per share basis.
How many employees does Ribbon Communications have?: The company employs 3,394 workers across the globe.
Does Ribbon Communications have any subsidiaries?: The following companies are subsidiares of Ribbon Communications: ECI Telecom.
Read More
How can I contact Ribbon Communications?: Ribbon Communications' mailing address is 4 TECHNOLOGY PARK DRIVE, WESTFORD MA, 01886. The official website for the company is www.ribboncommunications.com. The communications equipment provider can be reached via phone at (978) 614-8100, via email at ir@rbbn.com, or via fax at 978-614-8101.

This page (NASDAQ:RBBN) was last updated on 6/4/2023 by MarketBeat.com Staff

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