Ribbon Communications Inc. (NASDAQ:RBBN) traded today at a new 52-week high of $9.04. Approximately 139,000 shares have changed hands today, as compared to an average 30-day volume of 461,000 shares.
Based on a current price of $9.00, Ribbon Communications Inc. is currently 34.7% above its average consensus analyst price target of $5.88.
Ribbon Communications Inc provides network solutions primarily to telecommunications, wireless and cable service providers worldwide. It enables service providers and enterprises to modernize their communications networks and provide secure real-time communications solutions to their customers and employees. Its solutions enable its customers with a secure way to connect and leverage multivendor, multiprotocol communications systems and applications across their networks and the cloud, around the world and in a rapidly changing ecosystem of IP-enabled devices such as smartphones and tablets.
In the past 52 weeks, shares of Ribbon Communications Inc. have traded between a low of $1.95 and a high of $9.04 and is now at $9.00, which is 362% above that low price.
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