In the latest trading session,, 0.45 million Ribbon Communications Inc (NASDAQ:RBBN) shares changed hands as the company’s beta touched 1.34. With the company’s most recent per share price at $3.30 changed hands at -$0.45 or -12.13% at last look, the market valuation stands at $579.70M. RBBN’s current price is a discount, trading about -63.03% off its 52-week high of $5.38. The share price had its 52-week low at $2.75, which suggests the last value was 16.67% up since then. When we look at Ribbon Communications Inc’s average trading volume, we note the 10-day average is 0.38 million shares, with the 3-month average coming to 603.84K.
Analysts gave the Ribbon Communications Inc (RBBN) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.17. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended RBBN as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight.
Ribbon Communications Inc (NASDAQ:RBBN) trade information
Instantly RBBN was in red as seen in intraday trades today. With action -6.39%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -20.79%, with the 5-day performance at -6.39% in the red. However, in the 30-day time frame, Ribbon Communications Inc (NASDAQ:RBBN) is -15.94% down. Looking at the short shares, we see there were 2.18 million shares sold at short interest cover period of 4.47 days.
The consensus price target for the stock as assigned by Wall Street analysts is 6, meaning bulls need an upside of 45.0% from its recent market value. According to analyst projections, RBBN’s forecast low is 5 with 6 as the target high. To hit the forecast high, the stock’s price needs a -81.82% plunge from its current level, while the stock would need to soar -51.52% for it to hit the projected low.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 23.45%. The 2025 estimates are for Ribbon Communications Inc earnings to increase by 2.40%.
RBBN Dividends
Ribbon Communications Inc is expected to release its next quarterly earnings report on 2025-Apr-28.
Ribbon Communications Inc (NASDAQ:RBBN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 17.86% of Ribbon Communications Inc shares while 73.17% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 89.09%. There are 73.17% institutions holding the Ribbon Communications Inc stock share, with JPMORGAN CHASE & CO the top institutional holder. As of 2024-06-30, the company held 29.9424% of the shares, roughly 52.04 million RBBN shares worth $171.2 million.
NEUBERGER BERMAN GROUP LLC holds the second largest percentage of outstanding shares, with 10.2305% or 17.78 million shares worth $76.49 million as of 2024-06-30.
Among Mutual Funds, the top two as of Feb 28, 2025 were NEUBERGER BERMAN EQUITY FUNDS-Neuberger Berman Intrinsic Value Fund and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund . With 4.69 shares estimated at $15.58 million under it, the former controlled 2.66% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund held about 1.53% of the shares, roughly 2.7 shares worth around $8.98 million.
