Ribbon Communications (NASDAQ:RBBN) Shares Up 10.4% – Time to Buy?
Ribbon Communications (RBBN) shares rose 10.4% to about $3.125 on Wednesday, after closing at $2.83. The stock traded as high as $3.13 on volume of ~1.75M shares, up 94% vs average. Analysts cited by MarketBeat show a “Moderate Buy” consensus and $3.58 average target. In its April 28 earnings, Ribbon reported Q1 EPS of -$0.05 vs -$0.06 expected and revenue of $162.61M vs $163.43M.