B. Riley Securities Maintains Buy Rating for Ribbon Comms: Here's What You Need To Know

B. Riley Securities has decided to maintain its Buy rating of Ribbon Comms RBBN and lower its price target from $7.00 to $6.00.

Shares of Ribbon Comms are trading up 2.63% over the last 24 hours, at $1.95 per share.

A move to $6.00 would account for a 207.69% increase from the current share price.

About Ribbon Comms

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.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.