The Street Is Finally Waking Up To Ribbon Communications Inc (NASDAQ: RBBN)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

Ribbon Communications Inc is listed on the NASDAQ as a member of the Communication Services sector and is a part of the Telecom Services industry. The current market capitalization of Ribbon Communications Inc is $544.97M. A total of 0.75 million shares were traded on the day, compared to an average of 473.97K shares.

In the most recent transaction, GRAYSON BRUNS H bought 100,000 shares of RBBN for 2.89 per share on Mar 15 ’24. After the transaction, the Director now owns 590,175 company shares. In a previous transaction on Mar 15 ’24, LOPEZ MIGUEL A bought 2,000 shares at 2.90 per share. RBBN shares that EVP, CFO owns now total 280,875.

Among the insiders who bought shares, LOPEZ MIGUEL A acquired of 1,000 shares on Mar 05 ’24 at a per-share price of $2.98. This resulted in the EVP, CFO holding 278,875 shares of RBBN after the transaction. In another insider transaction, LOPEZ MIGUEL A bought 1,000 shares at $2.88 per share on Mar 05 ’24. Company shares held by the EVP, CFO now total 276,875.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, RBBN has a high of $3.65 and a low of $1.78.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. RBBN’s latest balance sheet shows that the firm has $103.92M in Cash & Short Term Investments as of fiscal 2021. There were $442.87M in debt and $344.45M in liabilities at the time. Its Book Value Per Share was $2.63, while its Total Shareholder’s Equity was $527.17M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RBBN is Buy with a score of 5.00.

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