Recent meaningful negative changes in fundamentals have impacted Ribbon Communications Inc (NASDAQ: RBBN): the stock’s power rating fell below 50, significant quarterly earnings deceleration occurred, and significant quarterly sales deceleration occurred.
Ribbon Communications Inc (NASDAQ: RBBN) suffers from meaningful negative changes in investment behavior: negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
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 C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Ribbon Communications has a neutral Power Rating of 49 and a neutral Appreciation Score of 48, triggering the Neutral Value Trend Rating.
Recent Price Action
Ribbon Communications Inc (NASDAQ: RBBN) stock closed at $3.25 on 9/30/24 after a slight decline of -0.3%. However, trading volume in this decline was unusually low at 56% of normal. The stock has risen 6.6% during the last week and has performed in line with the market over the last nine months.
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