In yesterday’s Wall Street session, Ribbon Communications Inc (NASDAQ:RBBN) shares traded at $3.76, down -2.84% from the previous session.
RBBN stock price is now 5.64% away from the 50-day moving average and 16.35% away from the 200-day moving average. The market capitalization of the company currently stands at $659.44M.
With the price target of $5, Rosenblatt recently initiated with Buy rating for Ribbon Communications Inc (NASDAQ: RBBN). , while ‘Craig Hallum’ rates the stock as ‘Buy’
In other news, INFANTE BEATRIZ V, Director sold 5,790 shares of the company’s stock on Sep 13 ’24. The stock was sold for $17,602 at an average price of $3.04. Upon completion of the transaction, the Director now directly owns 303,549 shares in the company, valued at $1.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 13 ’24, Director INFANTE BEATRIZ V bought 5,790 shares of the business’s stock. A total of $17,602 was incurred on buying the stock at an average price of $3.04. A total of 18.10% of the company’s stock is owned by insiders.
During the past 12 months, Ribbon Communications Inc has had a low of $2.06 and a high of $4.31. As of last week, the company has a debt-to-equity ratio of 0.96, a current ratio of 1.42, and a quick ratio of 1.16. The fifty day moving average price for RBBN is $3.5436 and a two-hundred day moving average price translates $3.22825 for the stock.
The latest earnings results from Ribbon Communications Inc (NASDAQ: RBBN) was released for 2024-09-30. The net profit margin was -6.62% and return on equity was -12.75% for RBBN. The company reported revenue of $210.24 million for the quarter, compared to $203.16 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.48 percent.
