Silverberg Bernstein Capital Management LLC Has $1.32 Million Stock Position in Ribbon Communications Inc. (NASDAQ:RBBN)

Silverberg Bernstein Capital Management LLC cut its holdings in shares of Ribbon Communications Inc. (NASDAQ:RBBN) by 13.6% during the fourth quarter, HoldingsChannel.com reports. The firm 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 portfolio, making the stock its 22nd biggest position. Silverberg Bernstein Capital Management LLC’s holdings in Ribbon Communications were worth $1,315,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of RBBN. Paradigm Capital Management Inc. NY grew its holdings in Ribbon Communications by 4.1% during 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 acquiring an additional 420,000 shares during the period. Dimensional Fund Advisors LP increased its holdings in Ribbon Communications by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 5,779,416 shares of the communications equipment provider’s stock valued at $19,012,000 after purchasing an additional 270,972 shares during the last quarter. Royce & Associates LP lifted its stake in Ribbon Communications by 18.0% in 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 buying an additional 386,518 shares during the period. Geode Capital Management LLC boosted its holdings in Ribbon Communications by 1.4% during the third quarter. Geode Capital Management LLC now owns 2,101,366 shares of the communications equipment provider’s stock worth $6,830,000 after buying an additional 27,999 shares during the last quarter. Finally, State Street Corp grew its position 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 buying an additional 7,963 shares during the period. 70.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Northland Securities lifted their price objective on shares of Ribbon Communications from $5.50 to $6.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Rosenblatt Securities reissued a “buy” rating and issued a $5.50 price target on shares of Ribbon Communications in a report on Monday, December 30th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $6.00.

Ribbon Communications Stock Performance

Shares of RBBN opened at $4.13 on Wednesday. The firm’s 50 day moving average price is $4.01 and its two-hundred day moving average price is $3.55. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.16 and a current ratio of 1.42. Ribbon Communications Inc. has a twelve month low of $2.46 and a twelve month high of $4.39. The firm has a market cap of $724.34 million, a P/E 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 for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Ribbon Communications had a positive return on equity of 5.41% and a negative net margin of 6.62%. The company had revenue of $210.00 million during the quarter, compared to analyst estimates of $212.17 million. During the same period in the previous year, the company posted $0.03 earnings per share. Ribbon Communications’s revenue for the quarter was up 3.4% on a year-over-year basis. On average, analysts forecast that Ribbon Communications Inc. will post 0.13 EPS for the current fiscal year.

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.