On 7/11/24, Ribbon Communications Inc (NASDAQ: RBBN) stock enjoyed a major increase of 14.2%, closing at $3.71. Moreover, exceptionally high trading volume at 336% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 13.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, RBBN is expected to continue to be an important Value Builder.
Ribbon Communications has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Ribbon Communications has a neutral Appreciation Score of 43 but a very high Power Rating of 89, resulting in the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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