Ribbon Communications Inc (RBBN) Gets a Buy Rating from Northland Securities

By Ryan Adsit

Northland Securities analyst Michael Latimore maintained a Buy rating on Ribbon Communications Inc (RBBNResearch Report) on February 21 and set a price target of $9. The company’s shares opened today at $5.27.

According to TipRanks.com, Latimore is a 5-star analyst with an average return of 16.8% and a 59.9% success rate. Latimore covers the Technology sector, focusing on stocks such as Everbridge Inc, Veritone Inc, and Liveperson.

Currently, the analyst consensus on Ribbon Communications Inc is a Moderate Buy with an average price target of $9.

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Based on Ribbon Communications Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $1.83 million. In comparison, last year the company had a GAAP net loss of $15.71 million.

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Ribbon Communications, Inc. engages in the provision of network solutions to telecommunications, wireless and cable service providers, and enterprises across industry verticals. Its product portfolio includes Ribbon support portal log-in, marketing advantage program, education, professional, subject matter expert, and support services.