Does Ribbon Communications Inc. (RBBN) Have Any Gas After Achieving Yearly Low?

March 18, 2018 - By Clifton Ray

The stock of Ribbon Communications Inc. (NASDAQ:RBBN) hit a new 52-week low and has $4.76 target or 7.00 % below today’s $5.12 share price. The 6 months bearish chart indicates high risk for the $520.78M company. The 1-year low was reported on Mar, 18 by If the $4.76 price target is reached, the company will be worth $36.45M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

It closed at $5.12 lastly. It is up 0.00% since March 18, 2017 and is . It has underperformed by 16.70% the S&P500.

Analysts await Ribbon Communications Inc. (NASDAQ:RBBN) to report earnings on April, 25. They expect $-0.30 earnings per share, down 87.50 % or $0.14 from last year’s $-0.16 per share. After $0.16 actual earnings per share reported by Ribbon Communications Inc. for the previous quarter, Wall Street now forecasts -287.50 % negative EPS growth.

Ribbon Communications Inc. provides networked solutions worldwide. The company has market cap of $520.78 million. The firm offers Session Border Controllers that address security and interworking requirements for businesses, as well as regional and global communications service providers; Sonus GSX9000 Open Services Switch, which bridges IP and TDM networks by converting voice signal into Internet Protocol (IP) IP packets and transmitting those IP packets on a data network; and Sonus T7000 Intelligent Switching System, a class five end-office soft switch that provides residential and business voice services, as well as IP-IP multimedia processing engine services. It currently has negative earnings. It also provides Diameter Signaling Controller, a solution for 4G/long term evolution networks; Sonus Signal Transfer Point that acts as the switch/router in an SS7 signaling network; Sonus PSX Policy & Routing Server, a central routing and policy engine for its soft switch and distributed SBC solutions; and Web Real-Time Communications services solution.

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