Could Ribbon Communications Inc. (RBBN) See a Reversal After Breaking Its 52-Week Low?

March 14, 2018 - By Adrian Erickson

The stock of Ribbon Communications Inc. (NASDAQ:RBBN) hit a new 52-week low and has $4.83 target or 7.00 % below today’s $5.20 share price. The 7 months bearish chart indicates high risk for the $528.41 million company. The 1-year low was reported on Mar, 14 by If the $4.83 price target is reached, the company will be worth $36.99 million 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.

The stock decreased 1.61% or $0.085 during the last trading session, reaching $5.195. About 664,735 shares traded or 69.21% up from the average. Ribbon Communications Inc. (NASDAQ:RBBN) has 0.00% since March 14, 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 EPS, down 87.50 % or $0.14 from last year’s $-0.16 per share. After $0.16 actual EPS reported by Ribbon Communications Inc. for the previous quarter, Wall Street now forecasts -287.50 % negative EPS growth.

More notable recent Ribbon Communications Inc. (NASDAQ:RBBN) news were published by: which released: “Ribbon Session Border Controller Portfolio to Deliver Secure Integrated Voice …” on March 14, 2018, also with their article: “Ribbon Launches Unified Communications Security Applications on Ribbon Protect” published on March 12, 2018, published: “Ribbon Communications Joins The Linux Foundation as Silver Member” on February 26, 2018. More interesting news about Ribbon Communications Inc. (NASDAQ:RBBN) were released by: and their article: “Ribbon Communications Inc. Releases Fourth Quarter 2017 Financial Results” published on March 01, 2018 as well as‘s news article titled: “Ribbon to Showcase Comprehensive Portfolio of Secure Unified Communications …” with publication date: March 07, 2018.

Ribbon Communications Inc. provides networked solutions worldwide. The company has market cap of $528.41 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: