Ribbon Communications (RBBN) Receives a Hold from Northland Securities

By Carrie Williams

In a report released today, Michael Latimore from Northland Securities maintained a Hold rating on Ribbon Communications (RBBNResearch Report), with a price target of $6.00. The company’s shares closed last Monday at $3.00, close to its 52-week low of $2.94.

According to TipRanks.com, Latimore is a 4-star analyst with an average return of 5.7% and a 48.9% success rate. Latimore covers the Technology sector, focusing on stocks such as Super League Gaming, The Meet Group, and RingCentral.

Ribbon Communications has an analyst consensus of Hold, with a price target consensus of $4.75, representing a 17.3% upside. In a report released yesterday, National Securities Corp also downgraded the stock to Hold with a $3.50 price target.

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The company has a one-year high of $6.56 and a one-year low of $2.94. Currently, Ribbon Communications has an average volume of 292.1K.

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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.