Ribbon Communications (RBBN) Receiving Somewhat Favorable Media Coverage, Report Shows

News coverage about Ribbon Communications (NASDAQ:RBBN) has trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ribbon Communications earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave news headlines about the communications equipment provider an impact score of 46.8175114306793 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the news headlines that may have impacted Accern’s rankings:

Ribbon Communications (RBBN) opened at $7.92 on Friday. The stock has a market capitalization of $822.65, a PE ratio of -17.60, a P/E/G ratio of 7.43 and a beta of 2.08. Ribbon Communications has a fifty-two week low of $5.77 and a fifty-two week high of $9.05.

Ribbon Communications (NASDAQ:RBBN) last posted its quarterly earnings results on Monday, October 30th. The communications equipment provider reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.08. The firm had revenue of $74.60 million during the quarter, compared to the consensus estimate of $68.50 million. Ribbon Communications had a negative return on equity of 1.87% and a negative net margin of 8.82%. The business’s revenue was up 14.8% compared to the same quarter last year. During the same period last year, the company earned $0.12 earnings per share. equities analysts expect that Ribbon Communications will post 0.09 EPS for the current fiscal year.

Several research firms have weighed in on RBBN. William Blair reissued a “buy” rating on shares of Ribbon Communications in a research note on Monday, October 30th. TheStreet raised Ribbon Communications from a “d+” rating to a “c” rating in a research note on Monday, October 23rd. Zacks Investment Research lowered Ribbon Communications from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, Cowen reaffirmed a “sell” rating on shares of Ribbon Communications in a research report on Tuesday, October 17th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $7.25.

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About Ribbon Communications

Sonus Networks, Inc, formerly Solstice Sapphire Investments, Inc, is a provider of networked solutions for communications service providers and enterprises to help them secure and unify their real-time communications infrastructures. The Company helps communications service providers and enterprises hold the session initiation protocol (SIP) and fourth generation (4G)/long term evolution (LTE)-based solutions, including voice over Internet protocol (VoIP), voice over wireless fidelity (VoWiFi), video and unified communications (UC) by securing and enabling Internet Protocol (IP) networks.

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