JMP Securities Reaffirms Their Buy Rating on Ribbon Communications (RBBN)

JMP Securities analyst Trevor J. Walsh maintained a Buy rating on Ribbon Communications (RBBN – Research Report) today and set a price target of $6.00. The company’s shares closed last Friday at $3.13.

According to TipRanks, J. Walsh is a 5-star analyst with an average return of 16.3% and a 57.94% success rate. J. Walsh covers the Technology sector, focusing on stocks such as SentinelOne, Tyler Technologies, and Palo Alto Networks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ribbon Communications with a $6.17 average price target, which is a 97.12% upside from current levels. In a report released on April 25, B.Riley Financial also maintained a Buy rating on the stock with a $6.50 price target.

RBBN market cap is currently $539.8M and has a P/E ratio of -9.20.

Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is neutral on the stock.

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 (RBBN) Company Description:

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.