Ribbon Communications Inc. (NasdaqGS:RBBN) is receiving "a lot of acquisition interest from suitors" with the stock price testing all-time lows, said Dealreporter, according to contacts. The M&A focused publication quotes CEO Bruce McClelland as having recently said while speaking on the sidelines of the B. Riley Institutional Investor Conference that Ribbon was receiving "a lot of inbounds" and talking "to a lot of people," adding that "who knows what comes out of any of that".
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5-day change | 1st Jan Change | ||
3.13 USD | -3.40% | +21.79% | +7.93% |
25/04 | B. Riley Raises Price Target on Ribbon Communications to $6.50 From $6, Keeps Buy Rating | MT |
24/04 | Transcript : Ribbon Communications Inc., Q1 2024 Earnings Call, Apr 24, 2024 |
1st Jan change | Capi. | |
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+7.93% | 541M | |
-5.27% | 194B | |
+12.39% | 82.95B | |
+61.44% | 66.91B | |
+10.66% | 57.73B | |
+11.60% | 27.55B | |
+12.94% | 20.23B | |
+63.72% | 20.06B | |
+8.53% | 17.63B | |
-10.76% | 17.46B |
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