Ribbon Communications Inc. [RBBN] Stock trading around $3.11 per share: What’s Next?

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Ribbon Communications Inc. [NASDAQ: RBBN] stock went on an upward path that rose over 17.36% on Wednesday, amounting to a one-week price increase of more than 5.78%. The company report on June 14, 2022 that Ribbon and DSTNY Automate Support Microsoft’s Operator Connect Accelerator.


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Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world’s largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced its partnership with DSTNY Automate (previously Qunifi Limited), a global leader in Microsoft integration and API automation, for its Ribbon Connect services.

Over the last 12 months, RBBN stock dropped by -61.79%. The one-year Ribbon Communications Inc. stock forecast points to a potential upside of 46.66. The average equity rating for RBBN stock is currently 2.50, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $476.98 million, with 149.17 million shares outstanding and 121.70 million shares in the current float. Compared to the average trading volume of 400.04K shares, RBBN stock reached a trading volume of 3830144 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Ribbon Communications Inc. [RBBN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RBBN shares is $5.83 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RBBN stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Northland Capital have made an estimate for Ribbon Communications Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 19, 2022. While these analysts kept the previous recommendation, B. Riley Securities raised their target price to Buy. The new note on the price target was released on January 26, 2021, representing the official price target for Ribbon Communications Inc. stock. On November 14, 2019, analysts decreased their price target for RBBN shares from 8 to 3.50.

The Average True Range (ATR) for Ribbon Communications Inc. is set at 0.22, with the Price to Sales ratio for RBBN stock in the period of the last 12 months amounting to 0.58. The Price to Book ratio for the last quarter was 0.98, with the Price to Cash per share for the same quarter was set at 0.61. Price to Free Cash Flow for RBBN in the course of the last twelve months was 18.93 with Quick ratio for the last quarter at 1.10.

RBBN Stock Performance Analysis:

Ribbon Communications Inc. [RBBN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.78. With this latest performance, RBBN shares gained by 3.67% in over the last four-week period, additionally sinking by -46.38% over the last 6 months – not to mention a drop of -61.79% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RBBN stock in for the last two-week period is set at 55.87, with the RSI for the last a single of trading hit 60.76, and the three-weeks RSI is set at 52.77 for Ribbon Communications Inc. [RBBN]. The present Moving Average for the last 50 days of trading for this stock 3.04, while it was recorded at 2.80 for the last single week of trading, and 4.64 for the last 200 days.

Insight into Ribbon Communications Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Ribbon Communications Inc. [RBBN] shares currently have an operating margin of +2.07 and a Gross Margin at +49.28. Ribbon Communications Inc.’s Net Margin is presently recorded at -20.97.

Return on Equity for this stock declined to -29.19, with Return on Assets sitting at -12.24.

Ribbon Communications Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.20.

RBBN Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RBBN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Ribbon Communications Inc. go to 12.00%.

Ribbon Communications Inc. [RBBN] Insider Position Details

There are presently around $265 million, or 67.20% of RBBN stock, in the hands of institutional investors. The top three institutional holders of RBBN stocks are: JPMORGAN CHASE & CO with ownership of 49,953,259, which is approximately 0.008% of the company’s market cap and around 1.70% of the total institutional ownership; PARADIGM CAPITAL MANAGEMENT INC/NY, holding 8,484,000 shares of the stock with an approximate value of $22.48 million in RBBN stocks shares; and BLACKROCK INC., currently with $17.62 million in RBBN stock with ownership of nearly 1.229% of the company’s market capitalization.

80 institutional holders increased their position in Ribbon Communications Inc. [NASDAQ:RBBN] by around 6,735,269 shares. Additionally, 49 investors decreased positions by around 6,019,474 shares, while 25 investors held positions by with 87,328,186 shares. The mentioned changes placed institutional holdings at 100,082,929 shares, according to the latest SEC report filing. RBBN stock had 25 new institutional investments in for a total of 1,127,408 shares, while 19 institutional investors sold positions of 5,310,555 shares during the same period.

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