Northland Securities Sticks to Their Hold Rating for Ribbon Communications Inc (RBBN)

By Austin Angelo

In a report released today, Michael Latimore from Northland Securities maintained a Hold rating on Ribbon Communications Inc (RBBNResearch Report), with a price target of $6.00. The company’s shares closed last Monday at $5.48.

According to TipRanks.com, Latimore is a 5-star analyst with an average return of 7.2% and a 50.6% success rate. Latimore covers the Technology sector, focusing on stocks such as Super League Gaming Inc, The Meet Group Inc, and Brightcove Inc.

Ribbon Communications Inc has an analyst consensus of Moderate Buy, with a price target consensus of $7.25.

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Ribbon Communications Inc’s market cap is currently $602.8M and has a P/E ratio of 114.41. The company has a Price to Book ratio of 0.96.

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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.