In a report issued on June 12, Dmitry Netis from William Blair maintained a Buy rating on Ribbon Communications Inc (NASDAQ: RBBN). The company’s shares closed yesterday at $6.65.
“We attended Ribbon Perspectives 2018 partner conference last week in Los Angeles. This was the first joint gathering since the merger of October 2017. The event highlighted real urgency to rebuild as a new company and educate both partners on product cross-sell opportunities. The conference focus, unmistakably , was on future growth products. Our conversations with executive management, partners, and customers coalesced mainly around growth products—software SBCs (virtual communication services), Ribbon Protect (SIP session security), and Kandy (white-label CPaaS/UCaaS applications platform)—as well as emerging opportunities in the federal vertical, network transformation (Japan NNI), and enterprise (Microsoft T eams voice). We heard several things at the conference that bolstered our confidence in the company .”
According to TipRanks.com, Netis is a 4-star analyst with an average return of 9.7% and a 54.9% success rate. Netis covers the Consumer Goods sector, focusing on stocks such as Acacia Communications, Juniper Networks, and Viavi Solutions.
Ribbon Communications Inc has an analyst consensus of Moderate Buy.
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The company has a one-year high of $9.05 and a one-year low of $4.97. Currently, Ribbon Communications Inc has an average volume of 460.9K.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is neutral on the stock.
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Ribbon Communications, Inc. engages in the provision of network solutions to telecommunications, wireless and cable service providers, and enterprises across industry verticals. Its product portfolio includes Ribbon support portal log-in, marketing advantage program, education, professional, subject matter expert, and support services.