After finishing at $3.11 in the prior trading day, Ribbon Communications Inc (NASDAQ: RBBN) closed at $2.92, down -6.11%. In other words, the price has decreased by -$0.1900 from its previous closing price. On the day, 567750 shares were traded.
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Ratios:
Our goal is to gain a better understanding of RBBN by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 18.83 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 83.30. For the most recent quarter (mrq), Quick Ratio is recorded 1.00 and its Current Ratio is at 1.23. In the meantime, Its Debt-to-Equity ratio is 0.63 whereas as Long-Term Debt/Eq ratio is at 0.52.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Craig Hallum on July 19, 2023, initiated with a Buy rating and assigned the stock a target price of $5.50.
On April 10, 2023, JMP Securities started tracking the stock assigning a Mkt Outperform rating and target price of $6.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 26 when Redington Dan sold 34,452 shares for $3.10 per share. The transaction valued at 106,660 led to the insider holds 66,839 shares of the business.
Redington Dan sold 23,964 shares of RBBN for $74,116 on Feb 23. The EVP, Global Sales now owns 101,291 shares after completing the transaction at $3.09 per share. On Feb 21, another insider, Redington Dan, who serves as the EVP, Global Sales of the company, sold 7,584 shares for $3.20 each. As a result, the insider received 24,270 and left with 125,255 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RBBN now has a Market Capitalization of 501.45M and an Enterprise Value of 761.86M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.61 while its Price-to-Book (P/B) ratio in mrq is 1.13. Its current Enterprise Value per Revenue stands at 0.92 whereas that against EBITDA is 17.74.
Stock Price History:
Over the past 52 weeks, RBBN has reached a high of $4.64, while it has fallen to a 52-week low of $1.78. The 50-Day Moving Average of the stock is 3.0144, while the 200-Day Moving Average is calculated to be 2.7171.
Shares Statistics:
The stock has traded on average 456.22K shares per day over the past 3-months and 626.02k shares per day over the last 10 days, according to various share statistics. A total of 168.32M shares are outstanding, with a floating share count of 140.16M. Insiders hold about 18.38% of the company’s shares, while institutions hold 71.68% stake in the company. Shares short for RBBN as of Feb 15, 2024 were 3.86M with a Short Ratio of 8.46, compared to 3.53M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.25% and a Short% of Float of 4.30%.
Earnings Estimates
Its stock is currently analyzed by 4 different market analysts. On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0.01 and a low estimate of -$0.01, while EPS last year was -$0.02. The consensus estimate for the next quarter is $0.05, with high estimates of $0.06 and low estimates of $0.04.
Analysts are recommending an EPS of between $0.29 and $0.23 for the fiscal current year, implying an average EPS of $0.27. EPS for the following year is $0.37, with 2 analysts recommending between $0.4 and $0.35.
Revenue Estimates
4 analysts predict $185.03M in revenue for the current quarter. It ranges from a high estimate of $186.67M to a low estimate of $183.44M. As of the current estimate, Ribbon Communications Inc’s year-ago sales were $186.72M, an estimated decrease of -0.90% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $208.21M, a decrease of -1.10% less than the figure of -$0.90% in the same quarter last year. There is a high estimate of $211.47M for the next quarter, whereas the lowest estimate is $205.4M.
A total of 4 analysts have provided revenue estimates for RBBN’s current fiscal year. The highest revenue estimate was $860M, while the lowest revenue estimate was $853.1M, resulting in an average revenue estimate of $856.34M. In the same quarter a year ago, actual revenue was $829.34M, up 3.30% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $905.41M in the next fiscal year. The high estimate is $907.73M and the low estimate is $903.09M. The average revenue growth estimate for next year is up 5.70% from the average revenue estimate for this year.
