Ribbon CommunicationsRBBN
Market Cap: $508M
About: Ribbon Communications Inc provides network solutions to service providers and enterprises. It enables service providers and enterprises to modernize their communications networks and provide secure real-time communications solutions to their customers and employees. It has two separate lines of business; the Cloud and Edge segment, and the IP Optical Networks segment. The majority of the revenue for the company is generated from its Cloud and Edge segment that provides secure and reliable software and hardware products, solutions, and services for VoIP communications, Voice Over LTE among others to service providers and enterprise customers. The company generates majority of its revenue from United States.
Employees: 3,107
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
7% more capital invested
Capital invested by funds: $399M [Q1] → $425M (+$26.1M) [Q2]
7% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 46
1.12% less ownership
Funds ownership: 72.23% [Q1] → 71.12% (-1.12%) [Q2]
3% less funds holding
Funds holding: 132 [Q1] → 128 (-4) [Q2]
25% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 16
71% less call options, than puts
Call options by funds: $38K | Put options by funds: $131K
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Rosenblatt Mike Genovese 63% 1-year accuracy 22 / 35 met price target | 72%upside $5 | Buy Maintained | 25 Jul 2024 |
Rosenblatt Mike Genovese 63% 1-year accuracy 22 / 35 met price target | 72%upside $5 | Buy Initiated | 11 Jul 2024 |