Ribbon Communications (NASDAQ:RBBN – Get Free Report)‘s stock had its “buy” rating reiterated by analysts at Rosenblatt Securities in a report issued on Wednesday, Benzinga reports. They presently have a $5.00 target price on the communications equipment provider’s stock. Rosenblatt Securities’ target price suggests a potential upside of 59.24% from the stock’s previous close.
Ribbon Communications Stock Performance
RBBN stock opened at $3.14 on Wednesday. The stock has a 50-day moving average price of $3.20 and a 200-day moving average price of $3.13. Ribbon Communications has a 1-year low of $1.78 and a 1-year high of $3.95. The company has a current ratio of 1.48, a quick ratio of 1.19 and a debt-to-equity ratio of 0.82. The firm has a market cap of $548.02 million, a PE ratio of -8.97 and a beta of 1.09.
Ribbon Communications (NASDAQ:RBBN – Get Free Report) last issued its earnings results on Wednesday, July 24th. The communications equipment provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Ribbon Communications had a negative net margin of 6.68% and a positive return on equity of 5.32%. The firm had revenue of $192.62 million during the quarter, compared to the consensus estimate of $203.05 million. During the same period in the previous year, the firm earned $0.01 earnings per share. As a group, equities research analysts expect that Ribbon Communications will post 0.13 earnings per share for the current year.
Hedge Funds Weigh In On Ribbon Communications
About Ribbon Communications
Ribbon Communications Inc provides communications technology in the United States, Europe, the Middle East, Africa, 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, solutions, and services for voice over internet protocol communications, voice over long-term evolution, and voice over 5G communications, and unified communications and collaboration.
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