Ribbon Communications Inc (NASDAQ: RBBN) stock suffered a major decline of -17.2% on 7/25/24. The shares closed at $3.22. Moreover, exceptionally high trading volume at 492% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -16.6% 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Ribbon Communications has a slightly negative Appreciation Score of 39 but a very high Power Rating of 89, and the Positive Value Trend Rating results.
Rating Review
In light of this highly negative 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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