Ribbon Communications Inc. (NASDAQ:RBBN) Stake Cut by Silverberg Bernstein Capital Management LLC

Silverberg Bernstein Capital Management LLC lessened its holdings in shares of Ribbon Communications Inc. (NASDAQ:RBBN) by 13.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 316,110 shares of the communications equipment provider’s stock after selling 49,900 shares during the quarter. Ribbon Communications makes up 1.2% of Silverberg Bernstein Capital Management LLC’s investment portfolio, making the stock its 22nd largest holding. Silverberg Bernstein Capital Management LLC owned 0.18% of Ribbon Communications worth $1,315,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in RBBN. Paradigm Capital Management Inc. NY lifted its position in Ribbon Communications by 4.1% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 10,546,400 shares of the communications equipment provider’s stock worth $34,698,000 after buying an additional 420,000 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Ribbon Communications by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 5,779,416 shares of the communications equipment provider’s stock worth $19,012,000 after acquiring an additional 270,972 shares in the last quarter. Royce & Associates LP boosted its position in Ribbon Communications by 18.0% during the third quarter. Royce & Associates LP now owns 2,536,278 shares of the communications equipment provider’s stock valued at $8,243,000 after purchasing an additional 386,518 shares during the last quarter. Geode Capital Management LLC grew its stake in Ribbon Communications by 1.4% in the third quarter. Geode Capital Management LLC now owns 2,101,366 shares of the communications equipment provider’s stock valued at $6,830,000 after purchasing an additional 27,999 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Ribbon Communications by 0.4% during the 3rd quarter. State Street Corp now owns 1,898,714 shares of the communications equipment provider’s stock worth $6,171,000 after purchasing an additional 7,963 shares in the last quarter. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Ribbon Communications Stock Performance

Shares of NASDAQ:RBBN opened at $4.13 on Wednesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.42 and a quick ratio of 1.16. The business’s fifty day moving average price is $4.01 and its two-hundred day moving average price is $3.55. Ribbon Communications Inc. has a fifty-two week low of $2.46 and a fifty-two week high of $4.39. The stock has a market capitalization of $724.34 million, a price-to-earnings ratio of -12.91 and a beta of 1.12.

Ribbon Communications (NASDAQ:RBBN) last announced its earnings results on Wednesday, October 23rd. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The firm had revenue of $210.00 million for the quarter, compared to analyst estimates of $212.17 million. Ribbon Communications had a positive return on equity of 5.41% and a negative net margin of 6.62%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.03 EPS. As a group, analysts predict that Ribbon Communications Inc. will post 0.13 EPS for the current fiscal year.

Analyst Ratings Changes

RBBN has been the topic of a number of research reports. Northland Securities increased their price objective on Ribbon Communications from $5.50 to $6.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. Rosenblatt Securities reissued a “buy” rating and issued a $5.50 price objective on shares of Ribbon Communications in a research note on Monday, December 30th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, Ribbon Communications presently has a consensus rating of “Buy” and a consensus price target of $6.00.

Ribbon Communications Profile

Ribbon Communications Inc provides communications technology in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. It operates through two segments, Cloud and Edge, and IP Optical Networks. The Cloud and Edge segment provides software and hardware products, solutions, and services for voice over internet protocol communications, voice over long-term evolution, and voice over 5G communications, and unified communications and collaboration.