Media coverage about Ribbon Communications (NASDAQ:RBBN) has trended somewhat positive on Friday, according to Accern. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Ribbon Communications earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the communications equipment provider an impact score of 45.6689921066113 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the media headlines that may have effected Accern’s scoring:
- Ribbon Communications Inc. (RBBN) Expected to Post Quarterly Sales of $125.29 Million (americanbankingnews.com)
- Stock Recap: Ribbon Communications Inc. (RBBN) – MostVolatileStocks (press release) (mostvolatilestocks.com)
- Swiveling Stocks: Ribbon Communications Inc., (NASDAQ: RBBN), DowDuPont Inc., (NYSE: DWDP) – Global Export Lines (press release) (globalexportlines.com)
- Ribbon Communications Inc. (RBBN) EVP Sells $71,852.06 in Stock (americanbankingnews.com)
- Hesitation to buy these stock might leave you disappointed: Apple … – TNN (tradingnewsnow.com)
RBBN has been the topic of a number of recent research reports. BidaskClub lowered Ribbon Communications from a “hold” rating to a “sell” rating in a report on Wednesday, February 28th. TheStreet cut Ribbon Communications from a “c-” rating to a “d+” rating in a research report on Friday, March 16th. Zacks Investment Research cut Ribbon Communications from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. William Blair reiterated a “buy” rating on shares of Ribbon Communications in a research report on Monday, March 12th. Finally, ValuEngine cut Ribbon Communications from a “hold” rating to a “sell” rating in a research report on Monday, February 5th. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. Ribbon Communications presently has an average rating of “Hold” and an average price target of $7.25.
Ribbon Communications (NASDAQ RBBN) traded down $0.01 during trading on Friday, reaching $5.26. The company had a trading volume of 129,606 shares, compared to its average volume of 540,099. Ribbon Communications has a twelve month low of $5.01 and a twelve month high of $9.05. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.16. The stock has a market capitalization of $545.32, a PE ratio of -9.00 and a beta of 1.66.
Ribbon Communications (NASDAQ:RBBN) last posted its earnings results on Thursday, March 1st. The communications equipment provider reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.02). Ribbon Communications had a positive return on equity of 3.22% and a negative net margin of 10.68%. The business had revenue of $169.50 million for the quarter, compared to analysts’ expectations of $150.25 million. During the same quarter in the previous year, the firm earned $0.09 earnings per share. Ribbon Communications’s quarterly revenue was up 150.7% compared to the same quarter last year. equities research analysts predict that Ribbon Communications will post -0.28 EPS for the current year.
In other news, Director Bruns H. Grayson purchased 100,000 shares of the company’s stock in a transaction on Thursday, March 15th. The stock was purchased at an average price of $5.17 per share, with a total value of $517,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Franklin W. Iv Hobbs purchased 75,000 shares of the company’s stock in a transaction on Monday, March 5th. The shares were purchased at an average cost of $5.66 per share, with a total value of $424,500.00. The disclosure for this purchase can be found here. Insiders own 7.68% of the company’s stock.
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About Ribbon Communications
Sonus Networks, Inc, formerly Solstice Sapphire Investments, Inc, is a provider of networked solutions for communications service providers and enterprises to help them secure and unify their real-time communications infrastructures. The Company helps communications service providers and enterprises hold the session initiation protocol (SIP) and fourth generation (4G)/long term evolution (LTE)-based solutions, including voice over Internet protocol (VoIP), voice over wireless fidelity (VoWiFi), video and unified communications (UC) by securing and enabling Internet Protocol (IP) networks.
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