The USA based company Ribbon Communications Inc. (NASDAQ:RBBN) closed with change of 0.61% to $6.6 with the total traded volume of 988076 shares versus to an average volume of 287.24K. The stock was up in the 5 days activity 0.00%. The one month performance of stock was 14.38%. RBBN shares are at 27.17% for the quarter and driving a -14.95% return over the course of the past year and is now at -14.62% since this point in 2018. Right now RBBN beta is 1.65. The average volatility for the week and month was at 2.99% 2.68% respectively. There are 104.71M shares outstanding and 99.72M shares are floated in market.”
Ribbon Communications Inc. (NASDAQ:RBBN), a global leader in secure and intelligent cloud communications, today declared that it has signed an agreement to acquire Edgewater Networks, a market leader in Network Edge Orchestration for the small and medium enterprise (SME) and Unified Communications (UC) market. The acquisition is projected to result in Ribbon becoming the market share leader for enterprise Session Border Controllers (SBCs) and Network Edge Orchestration. This acquisition will allow Ribbon to offer its global customer base a complete core-to-edge product portfolio, unrivaled end-to-end service assurance and analytics solutions, and a fully integrated SD-WAN service.
The acquisition expands and enhances Ribbon’s solution offerings to its customers. The combined portfolio is expected to further strengthen the new Ribbon Protect UC security offering with voice and data intelligence from the enterprise edge and customer premises. With the ability to serve the core to the edge of the network, Ribbon will be equipped to provide an end-to-end connection to the enterprise and deliver unparalleled service assurance, security and monitoring capabilities. Upon completion of the transaction, the Kandy Unified Communications as a Service (UCaaS) offering will also be enhanced with the ability to provide analytics and service assurance capabilities across the enterprise network edge. In addition, Ribbon’s Microsoft Skype for Business and Teams offerings will be expanded by Edgewater Networks Intelligent Edge solutions.
Diane Myers, senior research director for IHS Markit said “With Edgewater Networks strong, sustained growth in recent years and their complementary solutions set, this acquisition makes sense on a number of fronts for Ribbon, allowing them to strengthen their position in enterprise SBCs”. “This is a high synergy, low overlap combination that gives Ribbon a broad product line that serves customers of all sizes and can be offered and distributed through multiple channels.”
Shares of Ribbon Communications Inc. have been recently spotted trading -27.07% off of the 52-week high price. On the other end, company shares have been noted 32.80% away from the low price over the last 52-weeks. 52 week range of the stock remained $ 4.97 – 9.05. Switching over to some distances from popular moving averages, we see that the stock has been recorded 12.61% away from the 50 day moving average and -1.63% away from the 200 day moving average. Moving closer, we can see that shares have been trading 5.05% off of the 20-day moving average. 2457 employees work in the Company. It has market cap of $691.09M.