Ribbon Communications Inc. (NASDAQ:RBBN) traded today at a new 52-week high of $7.88. Approximately 132,000 shares have changed hands today, as compared to an average 30-day volume of 470,000 shares.
Ribbon Communications Inc. (NASDAQ:RBBN) is currently priced 31.5% above its average consensus analyst price target of $5.16.
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, Ribbon Communications Inc. share prices are bracketed by a low of $1.95 and a high of $7.88 and is now at $7.53, 286% above that low price.
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