Northland Securities Maintains a Buy Rating on Ribbon Communications (RBBN)

By Carrie Williams

In a report released today, Michael Latimore from Northland Securities maintained a Buy rating on Ribbon Communications (RBBNResearch Report), with a price target of $6.00. The company’s shares closed last Friday at $3.87.

According to TipRanks.com, Latimore is a 5-star analyst with an average return of 13.5% and a 52.8% success rate. Latimore covers the Technology sector, focusing on stocks such as Comtech Telecommunications, Synchronoss Technologies, and Limelight Networks.

Currently, the analyst consensus on Ribbon Communications is a Moderate Buy with an average price target of $6.00.

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The company has a one-year high of $5.93 and a one-year low of $1.95. Currently, Ribbon Communications has an average volume of 468.5K.

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RBBN in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Ribbon Communications, Inc. engages in the provision of software solutions to telecommunications, wireless and cable service providers, and enterprises across industry verticals. Its software product lines enabling network transformation, mobile network evolution and interconnect solutions include Ribbon’s call session controllers, media gateways, signaling, policy and routing software and session border controller software products. The company was founded on May 19, 2017 and is headquartered in Westford, MA.