Northland Securities Sticks to Its Buy Rating for Ribbon Communications Inc (RBBN)

By Ryan Adsit

In a report released today, Michael Latimore from Northland Securities maintained a Buy rating on Ribbon Communications Inc (RBBNResearch Report), with a price target of $9. The company’s shares closed yesterday at $5.32.

According to TipRanks.com, Latimore is a 5-star analyst with an average return of 15.8% and a 59.3% success rate. Latimore covers the Technology sector, focusing on stocks such as Super League Gaming Inc, Brightcove Inc, and Everbridge Inc.

Ribbon Communications Inc has an analyst consensus of Moderate Buy, with a price target consensus of $9.

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The company has a one-year high of $7.89 and a one-year low of $4.62. Currently, Ribbon Communications Inc has an average volume of 324K.

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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.