MSI provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration; and Software and Services. Game-changing technologies like chatGPT are hitting tipping points for mass adoption. The tech industry is in a favorable position to reap long-term benefits due to constant advancements and the rising need for digital transformation across various industries. About Triangle CommunicationsTriangle Telephone Cooperative (TTC) is a company owned by its members.

• The company issued revenue guidance of $205.00 million-$215.00 million, compared to the consensus revenue estimate of $213.02 million.
• Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews.
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• The company’s EPS for the same quarter is expected to be $0.10.

The company issued revenue guidance of $205.00 million-$215.00 million, compared to the consensus revenue estimate of $213.02 million. Street expects RBBN’s revenue for the fiscal second quarter ending June 2023 to increase 2.7% year-over-year to $211.41 million. The company’s EPS for the same quarter is expected to come in at $0.04. Additionally, it has topped consensus EPS estimates in three of the trailing four quarters.

They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. Current records show that the company has 168.54M in outstanding shares.

We’d like to share more about how we work and what drives our day-to-day business. RBBN’s beta can be found in Trading Information at the top of this page. A stock’s beta measures how closely tied its price movements have been to the performance of the overall market. For additional ratings for AUDC’s Growth, Momentum, Stability, and Sentiment, click here.

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Finally, Virtu Financial LLC acquired a new position in shares of Ribbon Communications during the first quarter valued at $38,000. By modernizing its network, Triangle Communications is now able to deliver faster internet speeds to residential and business customers. 3 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Ribbon Communications in the last twelve months. The consensus among Wall Street equities research analysts is that investors should “buy” RBBN shares. Headquartered in Lod, Israel, AUDC vides advanced communications software, products, and productivity solutions for the digital workplace.

The company offers solutions, products, and services for unified communications, contact centers, VoiceAI business line, and service provider businesses. We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. High-growth stocks tend to represent the technology, healthcare, and communications sectors.

ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Ribbon Communications’ stock is owned by a number of retail and institutional investors. Top institutional shareholders include Paradigm Capital Management Inc.

In addition to this technical measure, strong agreement among Wall Street… Upgrade to MarketBeat All Access to add more stocks to your watchlist. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Compare
RBBN’s historical performance
against its industry peers and the overall market.

Is It Time to Buy RBBN? Shares are up today.

As the industry shows solid potential, fundamentally strong tech stocks Motorola Solutions, Inc. (MSI), Ribbon Communications Inc. (RBBN), and AudioCodes Ltd. (AUDC)  might be solid buys. MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. The technique has proven to be very useful for finding positive surprises. Ribbon Communications (RBBN) delivered earnings and revenue surprises of 1,000% and 1.79%, respectively, for the quarter ended December 2022.

Non-GAAP net loss decreased 25% year-over-year to $3 million, while its non-GAAP loss per share decreased 75% year-over-year to $0.02. During the fiscal first quarter ended March 31, 2023, MSI’s net sales increased 14.7% year-over-year to $2.17 billion. Net earnings attributable to MSI grew 4.1% year-over-year to $278 million, while its earnings per common share increased 4.5% year-over-year to $1.61.

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Riley lifted their price objective on shares of Ribbon Communications from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Thursday, February 16th. Finally, Westpark Capital upgraded shares of Ribbon Communications from a “hold” rating to a “buy” rating and set a $6.00 price target for the company in a research note on Monday, January 23rd. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $6.33. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.27% per year.

RBBN has been the topic of a number of recent research reports. JMP Securities began coverage on shares of Ribbon Communications in a research report on Monday, April 10th. They set an “outperform” rating and a $6.00 price target on the stock. StockNews.com lowered shares of Ribbon Communications from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 22nd. TheStreet lowered shares of Ribbon Communications from a “c-” rating to a “d” rating in a research note on Thursday, April 27th.

Taking into account the 52-week price action we note that the stock hit a 52-week high of $4.84 and 52-week low of $2.19. Despite widespread recession concerns, the long-term prospects of the technology industry look attractive. Hence, fundamentally strong tech stocks Motorola (MSI), Ribbon (RBBN), and AudioCodes (AUDC) might… © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.

To see all exchange delays and terms of use please see Barchart’s disclaimer. Year-to-date, MSI has gained 11.57%, versus a 7.86% rise in the benchmark S&P 500 index during the same period. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security.

The insiders’ percentage holdings are 17.20% of outstanding shares while the percentage share held by institutions stands at 71.10%. The stats also highlight that short interest as of Apr 27, 2023, stood at 2.36 million shares, which puts the short ratio at the time at 2.65. From this we can glean that short interest is 1.38% of company’s current outstanding shares. Notably, we see that shares short in April rose slightly given the previous month’s figure stood at 1.7 million. But the -9.32% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher. Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews.

• Analysts tracking RBBN have forecast the quarterly EPS to grow by 0.04 per share this quarter, while the same analysts predict the annual EPS to hit $0.28 for the year 2023 and up to $0.35 for 2024.
• The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security.
• Its trailing-12-month asset turnover ratio of 0.68x is 9.9% higher than the 0.62x industry average.
• Tower Research Capital LLC TRC increased its stake in Ribbon Communications by 275.6% during the third quarter.
• Its trailing-12-month asset turnover of 0.82x is 10% higher than the 0.62x industry average.

In this case, analysts estimate an annual EPS growth of 154.50% for the year and 25.00% for the next year. Dividend yield allows investors, particularly those interested in dividend-paying stocks,
to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Stock Activity

3 Wall Street research analysts have issued 12-month price objectives for Ribbon Communications’ stock. On average, they predict the company’s share price to reach $6.33 in the next twelve months. This suggests a possible upside of 138.1% from the https://business-oppurtunities.com/its-2006-do-you-know-where-your-it-career-is/ stock’s current price. View analysts price targets for RBBN or view top-rated stocks among Wall Street analysts. Ribbon Communications Inc provides network solutions primarily to telecommunications, wireless and cable service providers worldwide.

To see all exchange delays and terms of use, please see disclaimer. Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor’s degree in finance and marketing and is pursuing the CFA program. Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities. AUDC’s revenue is expected to come in at $60.36 million for the fiscal second quarter ending June 2023. The company’s EPS for the same quarter is expected to be $0.10.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. According to 3 analysts, the average rating for RBBN stock is “Strong Buy.” The 12-month stock price forecast is $6.33, which is an increase of 133.15% from the latest price. Ribbon Communications updated its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share guidance of for the period.

It operates through two segments, Cloud and Edge; and IP Optical Networks. It is ranked #9 out of 51 stocks in the Technology – Communication/Networking industry. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.