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NASDAQ:RBBN

Ribbon Communications Stock Forecast, Price & News

$3.72
+0.01 (+0.27 %)
(As of 09/25/2020 12:00 AM ET)
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Today's Range
$3.61
Now: $3.72
$3.74
50-Day Range
$3.71
MA: $4.28
$4.78
52-Week Range
$1.95
Now: $3.72
$5.92
Volume281,299 shs
Average Volume390,486 shs
Market Capitalization$539.95 million
P/E RatioN/A
Dividend YieldN/A
Beta0.88
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. Its enterprise solutions include unified communications (UC), Nortel private branch exchange evolution, UC security, contact centers, Microsoft Skype for Business, session management, and security and cloud communications solutions that allows enterprises to connect securely to SIP trunks and modernize communications networks. The company also offers solution and business consulting, system integration, deployment, and managed care services; and support services, such as managing software updates, appliance maintenance, appliance spare services and managed spares programs, and emergency assistance during disaster recovery. It serves telecommunications, wireless and cable service providers, and enterprises through direct sales and indirect channels. 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 Westford, Massachusetts.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.16 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$563.11 million
Cash Flow$0.80 per share
Book Value$4.37 per share

Profitability

Net Income$-130,070,000.00

Miscellaneous

Employees2,209
Market Cap$539.95 million
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$3.72
+0.01 (+0.27 %)
(As of 09/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Ribbon Communications (NASDAQ:RBBN) Frequently Asked Questions

How has Ribbon Communications' stock 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 shares have increased by 44.2% and is now trading at $3.72.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Ribbon Communications?

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

When is Ribbon Communications' next earnings date?

Ribbon Communications is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
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, August, 5th. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.05 by $0.01. The communications equipment provider had revenue of $210.49 million for the quarter, compared to the consensus estimate of $218 million. Ribbon Communications had a negative net margin of 28.50% and a negative return on equity of 34.37%.
View Ribbon Communications' earnings history
.

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

Ribbon Communications updated its third quarter 2020 After-Hours earnings guidance on Wednesday, August, 5th. The company provided earnings per share (EPS) guidance of 0.05-0.07 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.07. The company issued revenue guidance of $210-220 million, compared to the consensus revenue estimate of $231.26 million.

What price target have analysts set for RBBN?

2 equities research analysts have issued 12 month price objectives for Ribbon Communications' shares. Their forecasts range from $3.50 to $6.00. On average, they anticipate Ribbon Communications' stock price to reach $4.75 in the next year. This suggests a possible upside of 27.7% from the stock's current price.
View analysts' price targets for Ribbon Communications
.

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

Who are Ribbon Communications' key executives?

Ribbon Communications' management team includes the following 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

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 investors include Paradigm Capital Management Inc. NY (5.08%), Neuberger Berman Group LLC (2.36%), Central Securities Corp (0.70%), Nuveen Asset Management LLC (0.66%), Charles Schwab Investment Management Inc. (0.39%) and Jacobs Levy Equity Management Inc. (0.37%). Company insiders that own Ribbon Communications stock include Anthony Scarfo, Bruce William Mcclelland, Daryl Raiford, Eric S Marmurek, Franklin W Iv Hobbs, John R Mccready, Justin K Ferguson, Kent Mathy, Kevin W Riley, Miguel A Lopez, Patrick Joggerst, Richard J Lynch 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 AQR Capital Management LLC, First Trust Advisors LP, Horrell Capital Management Inc., Neuberger Berman Group LLC, Central Securities Corp, Engineers Gate Manager LP, WINTON GROUP Ltd, and UBS Group AG. 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, Kevin W Riley, Patrick Joggerst, and Steven M Bruny.
View insider buying and selling activity 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 Paradigm Capital Management Inc. NY, Mackay Shields LLC, FMR LLC, FMR LLC, Bridgeway Capital Management Inc., Nuveen Asset Management LLC, Charles Schwab Investment Management Inc., and California Public Employees Retirement System. Company insiders that have bought Ribbon Communications stock in the last two years include Bruce William Mcclelland, Franklin W Iv Hobbs, Kent Mathy, Miguel A Lopez, and Richard J Lynch.
View insider buying and selling activity 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 $3.72.

How big of a company is Ribbon Communications?

Ribbon Communications has a market capitalization of $539.95 million and generates $563.11 million in revenue each year. The communications equipment provider earns $-130,070,000.00 in net income (profit) each year or ($1.19) on an earnings per share basis. Ribbon Communications employs 2,209 workers across the globe.

What is Ribbon Communications' official website?

The official website for Ribbon Communications is 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]

This page was last updated on 9/26/2020 by MarketBeat.com Staff

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