A share price of Ribbon Communications Inc [RBBN] is currently trading at $3.20, down -2.14%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The RBBN shares have gain 4.58% over the last week, with a monthly amount glided 9.59%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Ribbon Communications Inc [NASDAQ: RBBN] stock has seen the most recent analyst activity on July 19, 2023, when Craig Hallum initiated its Buy rating and assigned the stock a price target of $5.50. Previously, JMP Securities started tracking the stock with Mkt Outperform rating on April 10, 2023, and set its price target to $6. B. Riley Securities started tracking the stock assigning a Buy rating and suggested a price target of $10 on January 26, 2021. Northland Capital upgraded its rating to a Outperform. National Securities downgraded its rating to Neutral for this stock on November 14, 2019, and downed its price target to $3.50. In a note dated October 31, 2019, Northland Capital downgraded an Market Perform rating on this stock and revised its target price from $9 to $6.
Ribbon Communications Inc experienced fluctuations in its stock price throughout the past year between $1.78 and $3.65. Ribbon Communications Inc [NASDAQ: RBBN] shares were valued at $3.20 at the most recent close of the market.
Analyzing the RBBN fundamentals
Trailing Twelve Months sales for Ribbon Communications Inc [NASDAQ:RBBN] were 826.34M which represents -3.10% decline. Gross Profit Margin for this corporation currently stands at 0.49% with Operating Profit Margin at -0.01%, Pretax Profit Margin comes in at -0.07%, and Net Profit Margin reading is -0.08%. To continue investigating profitability, this company’s Return on Assets is posted at -0.06, Equity is -0.15 and Total Capital is -0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.67.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 3.15 points at the first support level, and at 3.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.28, and for the 2nd resistance point, it is at 3.37.
Ribbon Communications Inc [RBBN] reported earnings per share of $0.12 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.13/share, meaning a difference of -$0.01 and a surprise factor of -7.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.05 per share as compared to estimates of $0.08 per share, a difference of -$0.03 representing a surprise of -37.50%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Ribbon Communications Inc [NASDAQ:RBBN] is 1.23. Also, the Quick Ratio is 1.00, while the Cash Ratio stands at 0.08. Considering the valuation of this stock, the price to sales ratio is 0.67, the price to book ratio is 1.22.
Transactions by insiders
Recent insider trading involved GRAYSON BRUNS H, Director, that happened on Mar 15 ’24 when 100000.0 shares were purchased. EVP, CFO, LOPEZ MIGUEL A completed a deal on Mar 15 ’24 to buy 2000.0 shares. Meanwhile, EVP, CFO LOPEZ MIGUEL A bought 1000.0 shares on Mar 05 ’24.
