In last trading session, Ribbon Communications Inc (NASDAQ:RBBN) saw 0.45 million shares changing hands with its beta currently measuring 1.37. Company’s recent per share price level of $3.95 trading at $0.09 or 2.33% at ring of the bell on the day assigns it a market valuation of $694.11M. That closing price of RBBN’s stock is at a discount of -36.2% from its 52-week high price of $5.38 and is indicating a premium of 37.72% from its 52-week low price of $2.46. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.6 million shares which gives us an average trading volume of 577.38K if we extend that period to 3-months.
For Ribbon Communications Inc (RBBN), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.17. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.0 in the current quarter.
Ribbon Communications Inc (NASDAQ:RBBN) trade information
Upright in the green during last session for gaining 2.33%, in the last five days RBBN remained trading in the red while hitting it’s week-highest on Monday, 03/10/25 when the stock touched $3.95 price level, adding 3.19% to its value on the day. Ribbon Communications Inc’s shares saw a change of -5.05% in year-to-date performance and have moved -5.28% in past 5-day. Ribbon Communications Inc (NASDAQ:RBBN) showed a performance of -8.78% in past 30-days. Number of shares sold short was 1.73 million shares which calculate 2.2 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 6 to the stock, which implies a rise of 34.17% to its current value. Analysts have been projecting 6 as a low price target for the stock while placing it at a high target of 6. It follows that stock’s current price would drop -51.9% in reaching the projected high whereas dropping to the targeted low would mean a loss of -51.9% for stock’s current value.
Ribbon Communications Inc (RBBN) estimates and forecasts
This year revenue growth is estimated to rise 5.63% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 191.66M for the same. And 5 analysts are in estimates of company making revenue of 209.54M in the next quarter. Company posted 179.66M and 192.62M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 23.45% during past 5 years.
Ribbon Communications Inc (NASDAQ:RBBN)’s Major holders
Insiders are in possession of 17.84% of company’s total shares while institution are holding 73.59 percent of that, with stock having share float percentage of 89.57%. Investors also watch the number of corporate investors in a company very closely, which is 73.59% institutions for Ribbon Communications Inc that are currently holding shares of the company. JPMORGAN CHASE & CO is the top institutional holder at RBBN for having 52.04 million shares of worth $171.2 million. And as of 2024-06-30, it was holding 29.9424 of the company’s outstanding shares.
The second largest institutional holder is NEUBERGER BERMAN GROUP LLC, which was holding about 17.78 million shares on 2024-06-30. The number of shares represents firm’s hold over 10.3114 of outstanding shares, having a total worth of $76.49 million.
On the other hand, Neuberger & Berman Intrinsic Value Fd and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024 , the former fund manager was holding 4.69 shares of worth $18.51 million or 2.67% of the total outstanding shares. The later fund manager was in possession of 2.7 shares on Dec 31, 2024 , making its stake of worth around $10.67 million in the company or a holder of 1.54% of company’s stock.
