RBBN Stock Summary and Trading Ideas (Ribbon Comms | NASDAQ:RBBN)

Ribbon Communications Inc provides network solutions to service providers and enterprises. It enables service providers and enterprises to modernize their communications networks and provide secure real-time communications solutions to their customers and employees. It has two separate lines of business; the Cloud and Edge segment, and the IP Optical Networks segment. The majority of the revenue for the company is generated from its Cloud and Edge segment that provides secure and reliable software and hardware products, solutions, and services for VoIP communications, Voice Over LTE among others to service providers and enterprise customers. The company generates majority of its revenue from United States.

Ribbon Comms trades on the NASDAQ stock market under the symbol RBBN.

As of April 18, 2024, RBBN stock price climbed to $2.58 with 524,274 million shares trading.

RBBN has a beta of 1.18, meaning it tends to be more sensitive to market movements. RBBN has a correlation of 0.07 to the broad based SPY ETF.

RBBN has a market cap of $445.60 million. This is considered a Small Cap stock.

Last quarter Ribbon Comms reported $226 million in Revenue and $.12 earnings per share. This fell short of revenue expectation by $-8 million and missed earnings estimates by -$.01.

In the last 3 years, RBBN stock traded as high as $8.36 and as low as $1.78.

The top ETF exchange traded funds that RBBN belongs to (by Net Assets): VTI, VGT, IWM, VXF, IWN.

RBBN has underperformed the market in the last year with a price return of -5.8% while the SPY ETF gained +22.3%. RBBN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -9.2% and -16.2%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

RBBN support price is $2.49 and resistance is $2.65 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RBBN stock will trade within this expected range on the day.