Ribbon Communications (RBBN)

• Market cap: $724M
• 1 day: 0.73%
• 5 days: -1.67%
• 1 month: 6.17%
• 3 months: 27.08%
• 6 months: 25.15%
• Year to date: 36.30%
• 1 year: 36.30%
• 5 years: 34.09%
• 10 years: 0.49%
• Sector: Information Technology
• Industry: Computer Integrated Systems Design

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 Q3 regulatory filings by fund managers ($100M+ AUM)

6,733% more call options, than puts

Call options by funds: $615K | Put options by funds: $9K

7% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 41

0.17% more ownership

Funds ownership: 101.22% [Q2] → 101.4% (+0.17%) [Q3]

4% less capital invested

Capital invested by funds: $597M [Q2] → $571M (-$25.6M) [Q3]

3% less funds holding

Funds holding: 129 [Q2] → 125 (-4) [Q3]

31% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 13

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $5.50 33% upside
• Avg. target: $5.75 39% upside
• High target: $6 45% upside

2 analyst ratings

• positive: 2 100%
• neutral: 0 0%
• negative: 0 0%

Rosenblatt Mike Genovese 78% 1-year accuracy 28 / 36 met price target	33% upside $5.50	Buy Maintained	30 Dec 2024
Northland Capital Markets Tim Savageaux 68% 1-year accuracy 17 / 25 met price target	45% upside $6	Outperform Maintained	19 Dec 2024