Ribbon Communications Inc. Common Stock (RBBN)
Ribbon Communications Inc. (RBBN) is a technology company specializing in communication software and solutions. It provides voice, video, and data unified communications, along with cloud and edge security services. Ribbon primarily serves service providers, enterprises, and critical infrastructure customers, focusing on enabling real-time communications and collaboration over IP networks.
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The article discusses three penny stocks that analysts believe are poised for gains, including Microvast Holdings (MVST), Ribbon Communications (RBBN), and Intellicheck Mobilisa (IDN).
Ribbon Communications stock is surging after the company reported Q3 results that fell short of analyst estimates, but provided encouraging guidance for the current quarter, including expectations for a significant sequential sales increase.
Ribbon Communications (RBBN) delivered earnings and revenue surprises of 0% and 2.47%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
B. Riley Securities has decided to maintain its Buy rating of Ribbon Comms (NASDAQ:RBBN) and lower its price target from $7.00 to $6.00. Shares of Ribbon Comms are trading up 2.63% over the last 24 hours, at $1.95 per share. A move to $6.00 would account for a 207.69% increase from the current share price. About Ribbon Comms Ribbon Communications Inc provides network solutions primarily to telecommunications, wireless and cable service providers worldwide. It enables service providers and enterprises to modernize their communications networks and provide secure real-time communications solutions to their customers and employees. Its solutions enable its customers with a secure way ...Full story available on Benzinga.com