Ribbon Communications Inc (NASDAQ:RBBN)’s traded shares stood at 0.79 million during the last session, with the company’s beta value hitting 1.20. At the close of trading, the stock’s price was $4.72, to imply a decrease of -0.21% or -$0.01 in intraday trading. The RBBN share’s 52-week high remains $5.38, putting it -13.98% down since that peak but still an impressive 47.88% since price per share fell to its 52-week low of $2.46.
Analysts have given a consensus recommendation of Buy for Ribbon Communications Inc (RBBN), translating to a mean rating of 1.17. Of 3 analyst(s) looking at the stock, 0 analyst(s) give RBBN a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 3 recommend it as a Buy.
Ribbon Communications Inc (NASDAQ:RBBN) trade information
After registering a -0.21% downside in the last session, Ribbon Communications Inc (RBBN) has traded red over the past five days. The 5-day price performance for the stock is -0.21%, and 20.10% over 30 days. With these gigs, the year-to-date price performance is 13.46%.
The extremes give us $6 and $6 for target low and target high price respectively. As such, RBBN has been trading -27.12% off suggested target high and -27.12% from its likely low.
RBBN Dividends
Ribbon Communications Inc has its next earnings report out in April. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
The next major institution holding the largest number of shares is NEUBERGER BERMAN GROUP LLC with 17.78 million shares, or about 10.3114% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $76.49 million.
We also have Neuberger & Berman Intrinsic Value Fd and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Ribbon Communications Inc (RBBN) shares. Going by data provided on Nov 30, 2024 , Neuberger & Berman Intrinsic Value Fd holds roughly 4.69 shares. This is just over 2.67% of the total shares, with a market valuation of $22.12 million. Data from the same date shows that the other fund manager holds a little less at 2.7, or 1.54% of the shares, all valued at about 12.74 million.
